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Chairman Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that some of its policymakers have proposed.
Ford plans a major restructuring with two distinct but strategically interdependent auto businesses–Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles.
TrendyMinds Inc. has secured an eight-figure investment and plans to establish new regional offices in Florida and Texas while increasing employment in Indianapolis.
With owners and players unable to agree on a contract to replace the collective bargaining agreement that expired Dec. 1, Commissioner Rob Manfred canceled the first two series for each of the 30 teams, cutting each club’s schedule from 162 games to likely 156 at most.
Damien Center plans to use the building as a second satellite location, while SPJ headquarters employees will now work mostly on a remote basis.
Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia. The repercussions are also menacing the global economy.
Herbert “Bert” Whalen, who operated Oceanpointe Property Management in Indianapolis, engaged in a scheme to obtain millions of dollars from dozens of out-of-state investors, prosecutors said.
The president acknowledged that millions of Americans still face financial hardships, particularly as the cost of groceries, gasoline, cars and rents have skyrocketed in what has become the fastest period of inflation in four decades.
Indiana lawmakers gave final approval Tuesday to a Republican-backed bill that would ban transgender women and girls from participating in school sports that match their gender identity.
On Tuesday night, she will be part of the group of lawmakers who will escort President Joe Biden into the House chamber for a State of the Union address that is expected to focus heavily on the conflict happening in her home country.
Officials have begun euthanizing the 16,500 birds at the latest farm to prevent the spread of the disease.
The racing legend’s property in central Indiana includes a 20,000-square-foot luxury log-built house with an adjacent nine-acre lake.
The partnership of private firms that operates Indianapolis’ parking meters plans to raise the hourly rate for nearly half of its 4,211 spaces.
Lakeside Pointe at Nora apartment complex—under threat of a city nuisance lawsuit—has a new owner. The former owner owed more than $225,000 for 600-plus housing code violations at the complex.
The Indiana Senate passed a watered-down version of the House Republicans’ bill to limit employer vaccine mandates, sending it back to the House where its future is cloudy.
Plans call for the $60 million Building V to be 753,000 square feet, expandable up to 1.1 million square feet. It is expected to be completed in November and suited for distribution, light manufacturing and assembly.
All 31 member countries of the International Energy Agency have agreed to release oil from their strategic reserves—half of that from the United States—“to send a strong message to oil markets” that there will be “no shortfall in supplies.”
And because the property fronts the busy East 96th Street commercial corridor, the developer is also exploring options for retail outlots on the north end.
Players and management started their eighth straight day of bargaining Monday at 10 a.m. and didn’t recess talks until 2:30 a.m. Tuesday.
The estimates, compiled by the Centers for Disease Control and Prevention, show that about 43% of the country has been infected by the virus. Indiana is among 14 states where more than half the population has been infected.
