Fed attacks inflation with another big hike and expects more
The Federal Reserve boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.
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Bank CEOs warn of ‘daunting’ challenges from inflation
Democrats called JPMorgan Chase, Bank of America, Wells Fargo and Citigroup to Washington, D.C., to talk about pocketbook issues as households contend with the highest inflation since the early 1980’s and the midterm election looms just weeks away.
New York attorney general sues Donald Trump and his company for fraud
The lawsuit is the culmination of the Democrat’s three-year civil investigation of Trump and the Trump Organization. Trump’s three eldest children, Donald Jr., Ivanka and Eric Trump, were also named as defendants, along with two longtime company executives.
Area homebuilders see 8th straight month of falling construction permits
Rising mortgage rates, supply-chain issues, increasing costs and limited lot availability are hampering the market, according to industry experts.
Indiana legislators hear testimony for, against legalizing marijuana
Over the course of four hours, committee members from the interim health committee heard testimony for and against legalization, from veterans using it to treat chronic pain to prosecutors worried about unintended consequences.
Fashion retailer Shein already expanding in Boone County
The China-based company said it plans to construct a second, 550,000-square-foot warehouse on its Boone County campus, doubling employment to about 1,400 by the end of 2025.
Indianapolis International Airport again tops J.D. Power survey
The survey, released Wednesday, measures customer satisfaction based on feedback in six areas.
Walmart takes cautious approach to holiday hiring
Retailers face a slowdown in consumer spending as shoppers face surging costs in daily necessities including rent and food. A slew of retailers including Walmart, Best Buy and Stitch Fix have trimmed their staffing in recent weeks.
Ag-tech company bringing Shrimpbox to Indianapolis
Atarraya Inc. announced Wednesday that it plans to invest $4.8 million to establish its first U.S. container-based shrimp farming operation in Indianapolis and create up to 65 jobs by the end of 2025.
Prosecutor Mears, foe Carrasco face off over Indy crime
The pews of Castleton United Methodist Church were packed to hear Democratic Prosecutor Ryan Mears and Republican candidate Cyndi Carrasco participate in political forum Tuesday night.
FDA releasing millions of Moderna boosters after delay at Indiana plant
The FDA’s inspection was focused on production issues at a Bloomington-based plant operated by Catalent, which is helping to bottle and package Moderna’s COVID-19 vaccine.
Lawrence Mayor Collier says he won’t seek third term
Steve Collier, a Republican and lifelong resident of Lawrence, said it was time for his second retirement after 33 years in education followed by more than a decade in public office.
U.S. charges ‘brazen’ theft of $250M from pandemic food program
Federal prosecutors said the 47 defendants used a complex web of shell companies and bribes to obtain federal pandemic funds in the names of children who did not exist and then spent that money on luxury cars, houses and other personal purchases.
NTSB wants all new vehicles to check drivers for alcohol use
The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving.
Judges involved in 2019 downtown White Castle give graphic court testimony
In bloody, emotional and never-before-seen or heard detail, the events of the early morning hours of May 1, 2019—when Clark County judges Andrew Adams and Bradley Jacobs were shot—are playing out in a Marion County courtroom.
Indiana-based Vera Bradley hires longtime retail exec as new CEO
Jacqueline Ardrey Ardrey will succeed president and CEO Robert Wallstrom, who earlier this year announced his plans to retire after leading the company since 2013.
Indiana-based ag-tech startup lands $3M in seed funding
Carmel-based Hageman Group, Indianapolis-based Allos Ventures and Indianapolis-based Elevate Ventures Inc. all participated in the funding round.
WTHR fills leadership roles in station’s news operation
Scott Hums will become director of content while Nicole Block moves into news director role at the NBC affiliate.
Horizon League to keep championships in Indy through 2026
The Indiana Farmers Coliseum at the Indiana State Fairgrounds has hosted the tournament since 2020.
Mass Ave cocktail bar planned at former Libertine site
The husband-and-wife team of Dan and Anna Cage will add the bar, called Nowhere Special, to a portfolio that includes Broad Ripple restaurant Ambrosia, Fall Creek Place restaurant Bocca and Fountain Square speakeasy Commodore.
