U.S. consumer spending up 8.2%, partly erasing record plunge
Friday’s Commerce Department report showed that Americans stepped up their spending in May despite a 4.2% decline in personal income.
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Hoosier startup’s computerized vegetable-growing machine taking root
While Heliponix’s in-home computerized vegetable-growing machine has always seemed like a great idea, the coronavirus pandemic might be the push to get the wider public to realize what the company’s two young founders have been espousing since they germinated the startup as Purdue University seniors in the fall of 2016.
GREG MORRIS: There’s no masking this problem
Face coverings help protect us from the virus, but they don’t do much for our ability to get along with one another.
MIKE LOPRESTI: All-Star games have been full of winning moments
The struggling Indiana-Kentucky series is on pause because of the pandemic, but its new leader has pledged it will return.
INDY BEACONS: Indy native Ted Stevens made mark on Alaska
Like his long-time Senate colleague Richard Lugar, Stevens attended Indianapolis Public School No. 84 and Shortridge High School.
Indiana’s summer food program expands to meet increased needs during the pandemic
More than 800 school and community sites across Indiana are offering summer meals this year to meet an uptick in demand as families continue to face financial difficulties amid the coronavirus.
Indianapolis office manager lands 37-month sentence for embezzlement
A controller and office manager who worked for a local business consulting firm used the stolen funds to pay for a new Honda CRV, platinum jewelry and at least eight trips to a resort in Aruba.
Trump wants federal hiring to focus on skills over degrees
President Donald Trump is set to sign an executive order Friday to direct the federal government to overhaul its hiring to prioritize a job applicant’s skills over a college degree, administration and industry officials say.
U.S. health officials estimate 20M Americans have had coronavirus
Twenty million infections means that about 6% of the nation’s 331 million people have been infected.
IBJ wins 10 national awards for business coverage including Penske purchase of IMS
The judges commended IBJ’s “expansive content that reaches into the corners of transportation, technology, sports, health, higher education, civic affairs, state government and more.”
Audit: U.S. sent $1.4B in virus relief payments to dead people
The errors occurred mainly because of a lag in reporting data on who is deceased. It’s a lapse that tax experts say is almost inevitable.
Banks lead gains for stocks on Wall Street in jumpy trading
Financial companies led stocks broadly higher on Wall Street on Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks to make investments.
Fans to be allowed to attend the Kentucky Derby, with restrictions
Churchill Downs will institute a number of operating procedures for the Kentucky Derby, which has been moved to Sept. 5 because of the pandemic.
Federal banking agencies ease Volcker Rule restrictions
The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.
Lebanon box-manufacturing plant ready to produce line of faux sports fans
London-based DS Smith has designed a line of recyclable cardboard cutouts to fill stadium seats during the COVID-19 pandemic. The company is now looking to professional and amateur sports teams as potential buyers.
Coworking chain taking over former restaurant space in Circle Centre
The lease will be COhatch’s second with Circle Centre landlord Simon Property Group. The firm previously announced plans to open a coworking space at Simon’s Hamilton Town Center in Noblesville.
Money: When parents are the emergency fund
If your kids need financial help during the pandemic, map out a strategy that doesn’t just plug a short-term need but also makes sense in the long run.
Parenting: How can we help our kids get along better while in quarantine?
Whatever you do, keep offering the children empathy (separately and together). These are difficult times, and simply enduring with as much grace as you can muster is a win.
Indiana reports increase of 515 COVID-19 cases as testing rising
Marion County has seen 675 deaths and more than 11,000 virus cases during the pandemic, according to the latest numbers from the state health department.
ISO leader says musicians have been consulted in decisions
The head of the Indianapolis Symphony Orchestra is refuting claims made earlier this week by musicians that management has been making financial decisions without any consultation or negotiations with the members of the orchestra.
