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Wholesale inflation in U.S. eased further in December

January 18, 2023 | Associated Press

The ongoing slowdown in wholesale price growth is adding to evidence that the worst bout of inflation in four decades is steadily easing, though it remains far above the Federal Reserve’s target of 2%.

December retail sales fall 1.1% as inflation takes toll

January 18, 2023 | Associated Press

Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.

Hospitality industry icon Bruce White, who developed key downtown Indy hotels, dies at 70

January 19, 2023 | IBJ Staff

White founded White Lodging in 1985 with a single hotel in Northwest Indiana and grew the company into one of the industry’s largest privately held development, ownership and management companies.

Gold and black brings in plenty of green

January 20, 2023 | John Russell

Altogether, not-for-profit institutions in Indiana landed 54 gifts of $1 million or more in 2022, for a total of $241 million, or nearly 8% higher than a year ago. Purdue University received five of the top 10 donations.

Architects push for restoration of historic preservation tax credit

January 20, 2023 | Taylor Wooten

The effort is meant to create more incentive for developers to rehab vacant, deteriorating institutional structures in communities throughout the state.

City eyes updates to Union Station overpasses

January 20, 2023 | Mickey Shuey

City officials plan to pour at least $10 million into structural and aesthetic improvements to five CSX railroad overpasses and the sidewalks and roads that run beneath them on the south side of downtown.

Developer planning 77 townhouses near Westfield’s Grand Park

January 26, 2023 | Daniel Bradley

The townhouses would be constructed on about seven acres of land at Grand Park Village and would hew to the community’s Cape Cod-style architecture.

Musical being prepped for Broadway to bring stars to the Walker

January 26, 2023 | Dave Lindquist

Tony Award winner Jessie Mueller and University High alum Morgan Wood will perform new songs of the “Five Points” musical in Indianapolis.

Key inflation gauge cools further, paving way for smaller Fed rate hike

January 27, 2023 | Bloomberg News

The figures added to mounting evidence that the worst bout of inflation in a generation has passed as the Fed’s aggressive tightening campaign works its way through the economy.

Nate Feltman: A renaissance coming or trouble ahead?

January 27, 2023 | Nate Feltman

There is a growing concern that downtown’s appeal and vibrancy is waning and that something must be done.

Pier 48 keeps serving as legal wrangling continues

January 27, 2023 | Susan Orr

The saga of disputes among the restaurant’s four founders has a new chapter, with a lawsuit filed last month against one founder by an Indianapolis financial adviser whose allegations offer a different version of events than do previous complaints.

Fed, set to impose smaller hike, might hint at fewer increases

January 30, 2023 | Associated Press

With signs of weaker economic growth along with steadily lower inflation readings, reduced consumer spending and even some signs of a slowdown in the job market, the Federal Reserve is now navigating a more treacherous terrain.

U.S. wage growth slowed in the final quarter of 2022

January 31, 2023 | Associated Press

Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, the third straight slowdown that could help reassure the Federal Reserve that wage gains won’t fuel higher inflation.

Lawmakers aim to raise penalties for airline disruptions

January 31, 2023 | Associated Press

Senators who want to impose tougher penalties when airlines strand or delay passengers say they finally might be able to turn their ideas into law because of outrage over debacles like the one at Southwest Airlines in December.

NBA 2K League exits Indianapolis in favor 2023 season in Washington, D.C.

February 2, 2023 | Mickey Shuey

After a 2022 season in Indianapolis, the league and its 24 teams will migrate to Washington, D.C., ahead of its upcoming season.

Hamilton County launches training program for inmates

February 3, 2023 | Alex Brown, Inside INdiana Business

The initiative uses programming from the American Hotel Lodging and Education Institute to provide a foundation for participants looking to get a foothold in the hospitality industry.

In Spotify era, many musicians struggle to make a living

February 5, 2023 | The Washington Post

Making a living in the industry is increasingly hard for most songwriters and musicians in the streaming era. Royalties tend to be meager, while many say concerts produce less revenue.

Architect hopes to build on momentum along White River on downtown’s west side

February 7, 2023 | Mickey Shuey

As envisioned by Stephen Alexander, the partially redeveloped area west of the White River would be known as Stockyards District. Indianapolis-based Hotel Tango Distillery is in the process of relocating and consolidating its production, warehousing, and fulfillment operations to the area.

Cook Medical president creates roadmap for neighborhood renewal, calls other business leaders to action

February 9, 2023 | Taylor Wooten

Cook and its neighborhood partners are taking revitalization a step further in the 38th Street and Sheridan Avenue area by collaborating on solutions to fix trouble spots in the area.

Builders say construction-site theft is ‘rampant’

February 10, 2023 | Sam Stall

The people who do the stealing range from individuals committing small-time, spur-of-the-moment thefts to organized crews who go from state to state, hitting construction sites and then blowing town.

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