NASDAQ hits high, S&P rises following stimulus progress, Fed moves
In a mixed and muted day of trading, the S&P 500 rose 6.55 points, or 0.2%, to 3,701.17. It’s within roughly 1 point of its record set last week.
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Congressional leaders add stimulus checks to $900B relief package as they near deal
The package emerging is expected to include hundreds of billions of dollars in aid for ailing small businesses and jobless Americans and a one-time check of between $600 and $700 for millions of Americans below a certain income threshold.
Biden says Buttigieg will play key role in rebuilding country after pandemic
The choice of Pete Buttigieg, who sought the Democratic presidential nomination and has an ardent following among some members of the party, will bring a dash of star power to what is normally a staid, if important, department.
United States angling to secure more of Pfizer’s coronavirus vaccine
U.S. officials say they’re actively negotiating for additional purchases of Pfizer’s coronavirus vaccine after passing up a chance to lock in a contract this summer since it was still unclear how well the shots would work.
Fed keeps rate near zero, sees brighter economy in 2021
The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress—a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
State tax revenue outlook better than lawmakers expected, but cuts still possible
According to a revenue forecast presented to the State Budget Committee on Wednesday morning, tax receipts for the state’s general fund—essentially its main checking account—will total $34.95 billion for the next two-year budget, which will start in July.
Ross, Five Below planning to open stores at Glendale
Two growing national retail brands have filed permits with the state for construction on spaces at the shopping center at North Keystone Avenue and 62nd Street.
Biden introduces ex-rival Buttigieg as transportation pick
President-elect Joe Biden introduced Democratic primary rival Pete Buttigieg on Wednesday as his nominee for transportation secretary, calling the 38-year-old ex-mayor of South Bend “a new voice, with new ideas determined to move past old politics.”
Negotiators near agreement on long-delayed COVID-19 aid bill
Top congressional leaders are hoping to seal a deal as early as Wednesday that would extend aid to individuals and businesses and help ship coronavirus vaccines to millions.
Indiana sees another 125 COVID-19 deaths, 6,283 more cases
Marion County saw another 964 more COVID-19 cases and 18 more deaths, bring cumulative totals to 60,483 cases and 1,006 deaths.
Retail sales experience biggest drop in seven months
Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy.
U.S. Supreme Court agrees to hear NCAA athlete compensation case
The U.S. Supreme Court on Wednesday agreed to review a court decision that the NCAA has said blurred “the line between student-athletes and professionals” by removing caps on education-related money certain football and basketball players can receive.
Large distribution company eyeing Fishers Metro Park
Indianapolis-based Scannell Properties is pursuing a build-to-suit leasing opportunity with a publicly traded distribution company that would occupy the northeast corner of 96th Street and Masters Road.
Indy Chamber to push for higher state cigarette tax, expanded pre-K
The business-advocacy organization also said it re-elected board Chairman Dennis Murphy of IU Health and the rest of the board’s executive committee.
Indy-based ag-tech firm plans to create 60 jobs by end of 2024
Founded in 2013, Advanced Agrilytics provides farmers with data and strategies on seeding rates, fertility applications and in-season crop management.
MacKenzie Scott, ex-wife of Bezos, gives $4.1 billion to charity
Among the recipients are five organizations in Indiana, including two in Indianapolis.
Pence lauds vaccine effort during stop at Indiana plant
Vice President Mike Pence stressed the need for Americans to stay focused on limiting the spread of the virus before a vaccine is in widespread use.
U.S. spent billions on system for detecting hacks, but Russians outsmarted it
This year’s months-long hack of federal networks has revealed new weaknesses and underscored some previously known ones, including the government’s reliance on widely used commercial software that provides potential attack vectors for nation-state hackers.
FDA review clears path for second coronavirus vaccine, this one developed by Moderna
The vaccine appears poised for regulatory clearance after a detailed data review by Food and Drug Administration scientists confirmed the two-shot regimen was “highly effective” in a clinical trial and carried no serious safety concerns.
U.S. stock indexes climb on renewed hope for relief package
Wall Street is growing increasingly confident that Democratic and Republican lawmakers will clinch a bill based on a $748 billion bipartisan proposal that would inject cash directly into the economy as prior benefits begin to expire at the end of the year.