State reports another big rise in COVID-19 cases, 43 more deaths
The Indiana State Department of Health said Thursday that the cumulative death toll in the state rose to 1,007, up from 964 the previous day.
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U.S. consumer spending plunges record 7.5%, reflecting virus
The Commerce Department said the spending decline was the sharpest monthly drop on records that go back to 1959.
NATE FELTMAN: Daniels leads Purdue with data, innovation
The former governor’s approach to reopening the university’s main campus balances caution with the need to get back to business.
Self-storage firm installing solar panels at some local sites
Utah-based Extra Space Storage, the nation’s second-largest self-storage operator, plans to add the solar panels to five Indianapolis sites this year, and additional sites after that.
NCAA moves toward athlete compensation—here’s how
The NCAA is about to drastically change its rules regarding amateurism, which raises plenty of questions. Here are some answers.
UPDATE: Marion County’s extended stay-at-home order could stop Simon’s plans to reopen Indy malls
Indianapolis Mayor Joe Hogsett’s chief of staff, Thomas Cook, said Thursday morning that Castleton Square Mall, Circle Centre and the Fashion Mall at Keystone won’t likely be allowed to reopen Saturday under Marion County orders.
U.S. initial unemployment claims top 3.8M; Indiana sees more than 57K new claims
Roughly 30.3 million people have now filed for jobless aid in the six weeks since the coronavirus outbreak began forcing millions of employers to close their doors and slash their workforces.
One in six nursing homes across nation report COVID-19 outbreak
The tally paints a grim picture of the scale of the outbreak in homes tasked with caring for the elderly and infirm. More than 2,700 Medicare-certified nursing homes had publicly reported cases as of Tuesday.
Noted coach Haney suspended eight years by USA Gymnastics
Maggie Haney, the longtime former coach of 2016 Olympic gold medalist Laurie Hernandez, was suspended following a hearing into complaints that she verbally and emotionally abused her gymnasts.
State charter board to require Indianapolis schools to use Enroll Indy
Indiana Charter School Board Executive Director James Betley said Enroll Indy gives the city’s most disadvantaged families access to school choices through a transparent lottery system.
Indiana schools pitch radical way to protect budgets in case students don’t return
There are growing worries among school officials that fewer students will return this fall. And in a state where funding is doled out per student, a drop in enrollment would mean an immediate financial hit to schools.
Economists: Quick rebound from recession is unlikely
Among the concerns is that people—employees and consumers alike—will remain too wary of contracting the coronavirus to return to anything resembling normal economic behavior.
Marion County to begin COVID-19 testing Thursday aimed at minority populations
Tests will be administered from 10 a.m. to 6 p.m. Thursday and Friday at Eastern Star Church’s main campus at 5750 E. 30th St. to address the disparities in the impact of COVID-19 among African Americans and other high-risk populations.
SBA temporarily stops taking PPP applications from big banks to focus until midnight on smallest lenders
For an eight-hour period that began at 4 p.m. Wednesday, the PPP loan application portal is being reserved only for the nation’s smallest lenders: those with assets of less than $1 billion.
U.S. stocks rally on hopes for coronavirus drug
The Nasdaq composite index rose to within 1% of erasing losses for the year, led by Alphabet after it reported an ad-sales slowdown that wasn’t as bad as expected.
Indiana hires Virginia company to handle ‘contact tracing’ of COVID-19 patients
By outsourcing the job to Virginia-based Maximus Inc., Indiana health officials hope to take the burden off of local health departments for the time-consuming job of contacting all COVID patients and learning who they might have exposed.
Study: Gilead drug proves effective in speeding coronavirus recovery
An experimental drug has proved effective against the new coronavirus in a major study, shortening the time it takes for patients to recover by almost a third on average, U.S. government and company officials announced Wednesday.
Fed signals it will likely hold rates near zero for months
Federal Reserve Chairman Jerome Powell suggested that given the depth of the U.S. economic catastrophe, with perhaps 30 million people having lost jobs in the past six weeks, it will “probably will take some time for us to get back to a more normal level of employment and ultimately maximum employment.”
Ex-Brightpoint execs plan IPO to raise $100M for new tech firm
Novus Capital Corp. formed last month and is seeking to acquire companies “that are at the forefront of high technology.”
Democratic candidate for governor says state should do more to help small businesses
Woody Myers on Wednesday released a plan that includes establishing a state-funded stimulus program for small businesses, creating a small business recovery task force and launching a “Buy Indiana First” campaign.