Key inflation gauge slowed to still-high 6.3% over past year
High inflation appears to be forcing consumers, on average, to save less. The savings rate fell to 4.4% last month, the lowest level since 2008.
High inflation appears to be forcing consumers, on average, to save less. The savings rate fell to 4.4% last month, the lowest level since 2008.
The American labor shortage that has hit restaurants, factories and other industries also is becoming a concern in Gasoline Alley, where crew members and engineers are in short supply.
The Indiana Economic Development Corp., which focuses on bringing new business to the state, originally planned to host the Indiana Global Economic Summit in 2020 before the pandemic curtailed travel and meetings.
Locals don’t need studies to reinforce what they already know—this month is revving up to be the best fiscal May since the 100th running of the race in 2016.
Indianapolis, which has hosted the event since 1987, beat out competing bids from Los Angeles and Dallas.
Last year, McDonald’s Russian operations contributed 9% of the company’s total annual sales, or around $2 billion.
Consumers are providing critical support to the economy even after a year of seeing prices spiral higher for gas, food, rent, and other necessities.
Pictured are gas cooking appliances that were on display during the Indiana Restaurant Association’s 13th annual convention and trade show May 7-9, 1946, at the Murat Temple in Indianapolis. First known as the Indiana Hotel Association, the organization became the Indiana Restaurant Association in 1933. It rebranded as the Indianapolis Restaurant and Lodging Association 80 […]
The league wants to draw fans to its studio inside Pan Am Pavilion to watch the games and engage with players, whose teams are mostly associated with NBA franchises.
The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp interest rate hikes that could extend well into next year. The Fed’s goal is to slow borrowing and spending enough to ease the inflation pressures.
Still, Wednesday’s report contained some cautionary signs that inflation may be becoming more entrenched. Excluding the volatile food and energy categories, so-called core prices jumped 0.6% from March to April—twice the 0.3% rise from February to March.
The development team behind a hotel planned for a parcel across from Shapiro’s Delicatessen in downtown Indianapolis is adding about 60 apartments to the mix, as well as a rooftop restaurant.
Also among the potential bidders was Ripken Baseball LLC, which operates youth baseball facilities throughout the United States, including the well-known Ripken Experience complex in Myrtle Beach, South Carolina.
With many industries slowed by labor shortages, companies have been jacking up wages to try to attract job applicants and retain their existing employees. Even so, pay raises haven’t kept pace with the spike in consumer prices.
A pair of historic buildings along 116th Street near Nickel Plate Station are being saved, but that won’t be the case for two other old buildings in the same block that were determined to be “beyond repair.”
Host Mason King talks with Cook Group President Pete Yonkman and Pigasus Pictures CEO Zack Spicer about making a movie at—and about—the West Baden Hotel and why Cook Group execs got involved.
Kuepper Favor Co. in Peru offers party hats, foil tiaras, blowout horns, bouncy balls, plastic hand-clapping toys and more.
The proposed downtown development at 230 S. Pennsylvania St. calls for the demolition of a century-old building and the construction of two high rises, including a 26-story apartment tower.
A panel of Indiana life science experts on Friday said the state could become more competitive for large investments and jobs if it doubled down on the kind of collaborations and partnerships that other states have used to their advantage.
Community Health Network said the new arrangement with the largest cancer center in the United States will give Hoosiers access to some of the most advanced cancer treatments in the nation.