Dow pulls itself back above 20,000, rises 1% in choppy trading
U.S. markets remain testy as the Dow Jones industrial average Thursday extended its streak of 1,000-point swings to nine sessions.
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Remainder of Indiana high school basketball tournament called off
The Indiana High School Athletic Association said it made the decision after Gov. Eric Holcomb directed all state public schools to remain closed during the pandemic until May 1.
Unemployment claims explode in Indiana as businesses retrench during pandemic
Indiana Gov. Eric Holcomb on Thursday said the state has received 22,500 unemployment claims in a three-day period this week compared with only 3,100 during the same week a year ago.
Holcomb promises broad interpretation of unemployment rules and bans evictions, utility shutoffs
Holcomb’s directives also include extending the closure for K-12 schools and holding onto $300 million in surplus funds that were going to be used to pay for six capital projects in cash.
Gov. Holcomb supports delaying May primary but says decision isn’t his to make
The governor said the decision will be up to Secretary of State Connie Lawson, a Republican who oversees the Indiana Election Division.
Banks changing branch operations due to coronavirus
Chase has temporarily closed a few of its local branches, while many others are moving to appointment-only service and drive-through service in response to the outbreak.
Hotel developments, including Pan Am Plaza, likely to see big delays
Several developments in recent days have been thrust into holding patterns, as banks and financial institutions have stopped approving new construction loans for hotels and other projects amid the economic plunge from COVID-19.
Holcomb signs bills related to health care, distracted driving
Indiana Gov. Eric Holcomb signed 84 bills on Wednesday, but has not made decisions yet on several pieces of controversial legislation.
Hamilton County officials work to keep residents informed during crisis
Emergency response officials answered questions via a livestream broadcast on Facebook Live on Wednesday night to provide updates on efforts in the county, which so far has two official cases of the virus.
Treasury chief: Family of 4 could get $3K under virus relief plan
Details on President Trump’s economic rescue plan are still being worked out, but its centerpiece is to dedicate $500 billion to direct payments to Americans, starting early next month.
Jobless claims jump by 70,000 as virus starts to take hold
Both the one-week rise and the total number of applications were far above the levels seen over the past year .
Local high-end restaurants adapting to in-house dining restrictions
Some are switching their menus to carryout-friendly fare and redeploying servers as delivery drivers.
City’s biggest hotels consider closures as industry lobbies for tax relief to ease outbreak impact
| Mickey Shuey and Greg Andrews
The owners of the city’s two largest hotels are considering closing them amid drastic decreases in business caused by the COVID-19 outbreak.
Effects of pandemic will slam state, local tax receipts
| Lindsey Erdody and Samm Quinn
A former Senate budget writer said the hit to the state budget could be bigger than during the Great Recession, when state revenue dropped 15% over two years.
Trump signs $100B rescue bill while proposing $1 trillion plan to stabilize economy
Details on the president’s economic rescue plan remain sparse, but its centerpiece is to dedicate $500 billion to start issuing direct payments to Americans by early next month. It would also funnel cash to businesses to help keep workers on payroll.
SBA makes emergency loans available statewide to help businesses survive outbreak
The low-interest loans of up to $2 million are designed to provide working capital to Indiana businesses struggling to make it because of the COVID-19 outbreak.
Coronavirus layoffs spark surge in states’ jobless claims
The growing number of people filing for unemployment checks raises fresh questions about whether states have stockpiled enough money since the last recession to tide over idled workers until the crisis ends.
Stocks tumble, investors dash for cash amid recession fears
Stocks sank more than 5% on Wall Street Wednesday, and the Dow erased virtually all its gains since President Donald Trump’s 2017 inauguration.
Indianapolis hospitals could be overwhelmed within weeks, new study says
This area has 1,081 intensive care unit beds, but they could be filled by coronavirus patients within weeks under numerous scenarios mapped out by the Harvard Global Health Institute.
URBAN DESIGN: The best downtowns encourage community
Buildings that shut out street life are all about isolation, a concept we’re experiencing to an uncomfortable degree.