Amid crypto turmoil, senators propose sweeping oversight
Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures.
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City-County Council votes to nearly triple members’ pay
The Indianapolis City-County Council will get a pay hike for the first time in more than two decades, after it voted Monday night along party lines to increase compensation starting in 2024.
New York latest state to target Amazon’s use of productivity quotas
A report released in April by Strategic Organizing Center, a coalition of four labor unions, found Amazon employed 33% of all U.S. warehouse workers in 2021, but was responsible for 49% of all injuries in the industry.
Apple offers glimpse at upcoming changes to iPhone software
Apple on Monday provided a peek at upcoming tweaks to the software that powers more than 1 billion iPhones and rolled out two laptops that will be the first available with the next generation of a company-designed microprocessor.
Indiana getting new Homeland Security executive director
Indiana Department of Homeland Security Executive Director Stephen Cox is retiring from his public service role, the state announced Monday.
Newfields to raise general admission price to $20
In 2015, Newfields ended its free admission policy by instituting an $18 fee. On July 1, that price will increase to $20 per visitor.
Goodman Campbell computer network attacked by hackers
The computer network of Goodman Campbell Brain and Spine, a large, independent surgical group based in Carmel, has been hacked, compromising patient and employee data.
Children’s Museum apologizes for selling Juneteenth watermelon salad
In an apology posted to its website, the museum said that, although serving the watermelon salad was based on staff members’ family traditions, it acknowledges “the negative impact that stereotypes have on Black communities.”
HR-tech company UKG plans to add 200 to Indianapolis office
UKG, which offers an online platform for human-resources tasks like payroll and scheduling, expects to increase employment in Indianapolis to more than 500.
Biden waives solar panel tariffs, seeks to boost U.S. production
White House officials said President Biden’s actions aim to increase domestic production of solar panel parts, building installation materials, high-efficiency heat pumps and other components like cells used for clean-energy generated fuels.
Bidding war for Spirit Airlines heats up ahead of vote
JetBlue said Monday that it will now provide a $350 million reverse break-up payable to Spirit if a deal between the two isn’t completed for antitrust reasons.
Musk threatens to walk away from Twitter deal
Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
IBJ Podcast: Inside the risk-taking mindset of Maven Space’s co-founder, CEO
Leslie Bailey believed so much in her concept for a women-focused co-working and networking haven that she wasn’t interested in expending the energy to find investors—especially when women-led businesses historically get so little attention from funders.
IPS teachers might miss out on bonuses after quarantining for COVID
Indianapolis Public Schools offered retention bonuses in late March to 3,200 eligible staff members, but they came with an attendance requirement that staff couldn’t take more than two sick days for the remainder of the semester.
Abbott restarts baby formula plant linked to contamination
The February shutdown of the largest formula factory in the country led to the supply problems that have forced some parents to seek formula from food banks, friends and doctor’s offices.
Inflation divide: Wealthy splurge, while poorest pull back
While wealthier shoppers continue to splurge, low-income shoppers have pulled back faster than expected in the past two months. They’re focusing on necessities while turning to cheaper items or less expensive stores. And they’re buying only a little at a time.
Indiana court strikes down emergency law fought by governor
The Indiana Supreme Court on Friday threw out a law that gave state legislators increased power to intervene during public health emergencies, agreeing with arguments from Gov. Eric Holcomb that the move violated the state constitution.
Bohanon & Curott: The Fed should have adhered to its target
During the current recovery, the Fed has abused its discretion, purchasing trillions in Treasury bonds and mortgage securities, flooding the economy with money and credit.
Jalene Hahn: How to plan for, mitigate inflation’s impact in retirement
While seniors can’t directly affect the inflation rate, there are ways to minimize the shadow it casts over their retirement.
Purdue, IvyTech hope combined efforts will build microelectronics workforce
The microchip industry is growing more quickly than the workforce can keep up, leading to bigger shortages in an already limited pool of workers qualified to work in microelectronics.
