Stocks tumble despite Fed aid as traders wait for Congress
The Federal Reserve did what it could to help financial markets and the economy Monday. But investors are still waiting for Congress and the White House to do the same.
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Holcomb orders non-essential businesses to close, tells Hoosiers to stay home through April 7
His decision—announced in a Statehouse address streamed online—follows in the footsteps of a handful of other governors across the country, including three of Indiana’s neighboring states: Michigan, Illinois and Ohio.
UPDATE: Fed to buy as much government debt as needed to aid economy
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis. Financial markets sharply reversed themselves after the announcement.
Michigan governor to issue stay-at-home order, joining Illinois, Ohio
Michigan is joining at least eight other states nationally including two of the three states neighboring Indiana. Indiana Gov. Eric Holcomb has an announcement about the pandemic scheduled for noon Monday but has not disclosed the purpose.
Coronavirus cases rise to 259 in state, with 110 in Marion County
The Indiana State Department of Health on Monday morning said 58 more cases were confirmed over the past 24 hours.
Indianapolis airport says it’s confident in financial situation amid industry calls for relief
Indianapolis International Airport’s budget is bound to take a hit from a major decrease in passengers during the COVID-19 pandemic, but airport officials say they have made preparations for economic disruption.
Herb and David Simon make $19M bet on Simon Property’s deflated stock
Since the start of 2020, Simon shares have lost 67.7% of their value—chopping $31 billion off the company’s market capitalization.
IBJ Podcast: How can companies survive the economic calamity of COVID-19?
“It’s your job to survive and to make sure that when these social controls are lifted and everybody starts to come back out that you’re ready for business,” IU’s Phil Powell, an economist at the Kelley School of Business, tells host Mason King.
Ohio to enact stay-at-home order as virus cases spread
California, New York, Illinois, New Jersey, Connecticut and Louisiana also have issued similar orders.
Congressional rescue talks churn as crisis deepens
Top-level negotiations between Congress and the White House churned into the night Sunday over a now nearly $2 trillion economic rescue package. The draft aid bill was declared insufficient by Democrats, who argued it was tilted toward corporations.
International Olympic Committee to consider postponing Tokyo Olympics
The organization previously had said it was committed to launching the games as scheduled July 24—a stance that was facing mounting criticism.
Lilly to launch drive-thru COVID-19 testing for health care workers
The drugmaker did not say whether it might broaden the testing in the future to include non-health care workers.
Telemedicine emerges as care option during COVID-19 outbreak
Virtual care has long been touted as a way to get help quickly instead of waiting days to see a doctor, yet Americans have been slow to embrace it. There are signs that may be changing because of COVID-19.
Owner: Indiana Beach amusement park could reopen this year
White County officials recently agreed to offer $3 million in incentives to lure potential buyers for the 94-year-old resort.
A bruising year for Hoosier stocks
How Indiana stocks have performed so far in 2020: Dec. 31 close March 20 close % change Vera Bradley Inc VRA 11.8 3.75 -68.22% Simon Property Gp SPG 148.96 48.14 -67.68% Calumet Specialty CLMT 3.65 1.18 -67.67% Biglari Holding B BH 114.42 42.11 -63.20% Patrick Inds PATK 52.43 19.36 -63.07% Horizon Bcp IN HBNC 19 […]
Holcomb signs coal, panhandling and teacher evaluation bills into law
The governor also signed legislation that will eventually put more money into the state’s unemployment trust fund, a move that comes as the coronavirus outbreak has led to a jump in unemployment claims.
Indianapolis-based USA Track & Field calls for postponing Tokyo Olympics
The organization is the second American sports governing body in two days to urge Olympic officials to halt the games, which the International Olympic Committee has insisted will go on despite the global coronavirus pandemic.
Indiana reports fourth COVID-19 death
The victim was an adult from Delaware County who was over 60 and had been hospitalized, the Indiana State Department of Health said.
BMO Plaza worker has COVID-19, landlord says
According to an email to companies in the building, the affected tenant has temporarily closed and has hired a janitorial contractor to deeply disinfect its space and nearby common areas.