Tech’s next frontier: Indiana companies are making their way to Web 3.0
Web 3.0 is built upon the core concepts of decentralization and openness. Its features include artificial intelligence, machine learning and blockchain technology.
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Candidate challenges hack away at City-County Council primary field
A hotly contested Democratic primary to represent City-County Council District 8 is down from five candidates to just two after a series of candidacy challenges and withdrawals.
Carvana debt comes due with business ‘firmly in retreat’
The quarterly loss reported after the close Thursday caps a disastrous year in which Carvana’s stock plummeted 98%, erasing almost $37 billion of market capitalization. Carvana spent $2.2 billion last year to acquire Carmel-based KAR Auction Services Inc.’s physical auto auction business, ADESA.
Key U.S. inflation measure surges at fastest rate since June
January’s price data exceeded forecasters’ expectations, confounding hopes that inflation was steadily decelerating and that the Fed could relent on its campaign of rate hikes.
Liquor store ownership group builds 60-store business of varied brands
Indiana Liquor Group has been acquiring stores in small cities and towns since 2019 and typically leaves the business names unchanged.
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
Warren Township district seeks tax hike to cover initiatives once COVID aid expires
The Warren Township district is asking voters for an $88 million property tax increase over eight years, in part to maintain the support it received from the Elementary and Secondary School Emergency Relief funding that the state says must be spent by the end of 2024.
IU Health’s operating income falls 25%, squeezed by labor shortage, rising expenses
IU Health said it responded to its highest patient demand ever last year, driven by surges in COVID-19 cases, high counts of critically ill patients, and the need to perform surgeries and other procedures delayed in the pandemic.
Mix Food Halls debut in Indiana at Kroger stores in Carmel, Fishers
Kitchen United describes Mix Food Hall as the “nation’s first multi-restaurant ordering to-go experience.”
Moments in time: IBJ photographers look at downtown Indy
For the Feb. 17 issues of IBJ, staff photographers and freelancers took to the streets (and the air) to photograph the central city.
Letters: Black Americans have high rate of eye disease
More than 825,000 Black Americans have diabetic retinopathy, a disease caused by damage to the blood vessels in the tissue at the back of the eye.
U.S. ending extra help for groceries that started during COVID
Nearly 30 million Americans who got extra government help with grocery bills during the pandemic will soon see that aid shrink—and there’s a big push to make sure they’re not surprised.
Talking Heads-inspired tour seeks to recapture joy of 1980 shows
Jerry Harrison and Adrian Belew will bring an 11-member band to the Egyptian Room in Old National Centre for a Feb. 26 performance.
City looking to establish development plan for Indiana Avenue corridor
The Department of Metropolitan Development on Thursday issued a request for expressed interest, or RFEI, which will allow the officials to gauge the appetite developers have to devise an overall plan for the Indiana Avenue neighborhood.
Bills on underused school buildings, cursive writing advance
Meanwhile, Hoosiers have their first new law for the year—and it’s a retroactive business tax deduction in time for tax season.
Humana lays out exit from employer-sponsored coverage
Enrollment growth in employer-sponsored insurance has stagnated for many years for insurers, including market leaders like UnitedHealthcare and Indianapolis-based Elevance Health Inc.
Fishers looks to lower bar for HOAs to make changes
The Fishers City Council is considering an ordinance that would make it easier for new homeowners associations in the city to make changes to covenants and restrictions.
IndyCar to use sustainable tires made from desert shrub
The tires will make their season debut in next week’s opener on the downtown streets of St. Petersburg, Florida.
U.S. revises down last quarter’s economic growth to 2.7% rate
Thursday’s report revised down the government’s estimate of consumer spending growth in the October-December quarter. Business spending also slowed in the fourth quarter, suggesting that the economy lost momentum at the end of 2022.
Study: Smoking costs Hoosier businesses $3.1B annually in ‘hidden tax’
The Indianapolis-based foundation said the study, announced Thursday, shows that if the state cigarette tax increased by $2 per pack, from the current 99 cents per pack, an estimated 45,000 Hoosier adults would stop smoking.
