Tenuous state of US-Iran ceasefire renews anxiety over high fuel prices
Oil prices rose to their highest point in weeks after President Donald Trump declared the U.S. ceasefire with Iran over.
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Fed minutes: Officials deeply divided over future path of US inflation
The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down.
John Deere owners to get right to repair their own equipment under new FTC settlement
The manufacturer has faced complaints for years for withholding the software needed for repairs and forcing customers to use authorized dealers.
IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI
The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year
Adam Vinatieri to celebrate on field in Indianapolis again as Colts’ Ring of Honor member
Vinatieri will be honored during the Colts’ game on Oct. 18, a little more than two months after his induction into the Pro Football Hall of Fame.
State committee winnows applicants for utility regulator opening
The nominating committee for the Indiana Utility Regulatory Commission met privately Wednesday to review 25 applications for a vacant spot on the powerful body.
Developer scales back controversial proposal for east-side data center
Among other changes, DC Blox revised the site plans to further distance the structures from Irvington Community Elementary and the Pennsy Trail.
Oil prices rise 7% and Dow drops 600 points after Trump says ceasefire with Iran is ‘over’
The worry is that a continuation of the war will block the Strait of Hormuz and prevent the delivery of crude from the Persian Gulf to customers worldwide.
Specialty farmers adapt harvests, protect crops in face of extreme heat
Specialty farmers don’t always have access to the same safety net as farmers of traditional commodity crops such as corn and soybeans when extreme weather hits, experts say.
Illumine Coffee moving to former Tea’s Me Cafe spot on near-north side
Illumine Coffee, which closed its Mile Square location last month, plans to open the near-north-side shop within the next few weeks.
Danny Bonaduce, Katie Lucas to speak at conference on brain condition in Indianapolis
The Hydrocephalus Association will host HA Connect, the National Conference on Hydrocephalus from July 23-25 at the JW Marriott Indianapolis.
Exotic cakes, sour shake-ups, sweet meats among nearly 50 new items at state fair
Some of the fair’s new fare appears to borrow from Latin cuisine, including the Mango Loco, Charlie’s Mexican Street Corn Pizza and Chili Lime Smoked Chicken Leg.
Elevance pays $342M to government amid Medicare Advantage suspension warning
The payment is an effort by Elevance to settle a dispute in which the company is accused of overcharging Medicare for years.
Purdue seeking ‘broad input’ in search for university’s next president
The board’s extensive plan includes establishing a search website that will allow anybody to share their thoughts and opinions about the pick.
US airlines’ monthly fuel spending tops $6B again, up 84% from year ago
The higher year-over-year spending has been driven mostly by pricier jet fuel rather than a significant increase in how much of it airlines consumed.
Wall Street banks are sky-high about SpaceX, but investors remain cautious
Many of the investment firms that underwrote SpaceX’s massive initial public offering issued their first research notes about the company Tuesday.
US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of Hormuz
Iranian targets including air defense systems, radars and more than 60 small boats used by Iran’s paramilitary Revolutionary Guard.
Bezos investment near White River won’t include proposed Belmont Beach project
Indy Parks says the $10 million grant from the Bezos Earth Fund will pay for work at Rev. Mozel Sanders Park, not for the adjacent Belmont Beach.
Clark hopeful of returning for Fever against Sparks but might avoid back-to-back games
Coach Stephanie White was more cautious about Clark’s availability, acknowledging she was still waiting for the team’s medical experts to clear Clark for game action.
Indiana consumer advocate files for rehearing in AES rate hike case
The petition argues that the Indiana Utility Regulatory Commission erred when it voted 3-1 to allow AES to collect an additional $71 million from its Indianapolis-area electric customers through base rate increases.
