S&P 500 closes at a record, erasing last of pandemic losses
The stock market’s sprint back to an all-time high means that the gut-wrenching, nearly 34% plunge for the S&P 500 from Feb. 19 through March 23 was the quickest bear market on record.
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Victoria’s Secret closures claim at least three stores in Indianapolis area
At least three Victoria’s Secret stores at some of the area’s largest shopping malls have closed permanently as part of the parent firm’s plan to eliminate 251 stores in North America this year.
Holcomb unveils plan to equip state police with body cameras, create cabinet position
The announcement comes more than two months after Holcomb said he believed the state needed to take action to address racial inequality and injustice.
Indiana reports highest number of new deaths since June 6
The state’s 7-day testing-positivity rate rose from 7.9% on Monday to 8.2% on Tuesday, while the overall testing-positivity rate dipped to 8.8% after the department added more than 2,000 previously excluded tested individuals.
Indianapolis development director Mack to leave city for Chattanooga gig
Indianapolis Department of Development Director Emily Mack is leaving her position after four years, Mayor Joe Hogsett announced Tuesday.
Central Indiana existing-home sales rise for first time in three months
Sales of existing single-family homes jumped dramatically in central Indiana in July, despite the pandemic, soaring prices and a huge plunge in inventory.
Housing developer buys prime 96th Street parcel where ambitious project faltered
In the 2000s, Centre Properties envisioned building a $500 million project called RiverPlace near 96th Street and Allisonville Road. Another developer just acquired the land but says its plans aren’t clear yet.
Walmart has huge quarter as Americans go online for pandemic supplies
With unemployment in the U.S. hitting frighteningly high levels, Walmart’s ability to deliver low-priced food, clothing and electronics strengthened its structural advantages.
Coin shortage hits retailers, laundromats, tooth fairy
While there are still enough coins out there, they aren’t circulating as freely because many businesses have been closed and consumers aren’t out spending as usual.
NCAA confirms $270M insurance payout for canceled NCAA tournament
The NCAA’s insurance payout for March Madness is perhaps the largest for a pandemic-related event cancellation thus far.
Survey: States uncommitted to Trump’s unemployment boost
One reason for the states’ hesitancy is that they fear they will go through the complex steps required to adopt Trump’s plan, only to have it overridden by one from Congress.
Hamilton Southeastern planning Noblesville debut with $35M elementary school
Hamilton Southeastern Schools received favorable recommendations from the Noblesville Plan Commission to rezone a 40-acre parcel at the northwest corner of East 156th Street and Boden Road, but the property still needs to be annexed into the city.
Virus clusters erupt at U.S. universities as semester begins
The University of Notre Dame has reported 58 confirmed cases since students returned to the South Bend campus in early August.
NBA All-Star Game in Indianapolis ‘unlikely to happen’ as scheduled, Pacers say
The team did not say whether the NBA All-Star Weekend festivities that are scheduled for Feb. 12-14 will be postponed or called off altogether.
S&P 500 comes close again, buts fails to eclipse its all-time high
For a third time in the past week, the S&P 500 popped above the closing record during the session, but ended below the Feb. 19 record close of 3,386.15.
Carmel design center adding Le Peep as tenant
The group that owns and runs Le Peep restaurants in central Indiana is planning an eighth location.
Indiana reports smallest number of new COVID-19 cases in two weeks
Marion County reported an increase of 66 cases, snapping a 31-day streak in which cases in the county had risen by more than 100.
Library planning to buy site of former school for new $10.2M Glendale branch
The Indianapolis Public Library plans to acquire land from the Washington Township school district as part of a years-long effort to build a new Glendale-area branch to replace the one in Glendale Town Center.
Tortilla-making giant plans to open Plainfield plant, hire 544 workers
Mission Foods said it will launch production at a half-million-square-foot plant that will have the capacity to produce more than 187 million pounds of baked goods annually.
WISH-TV sues AT&T over fee negotiations, claims racial discrimination
The suit involves fees that Circle City is seeking for the retransmission of WISH and WNDY on AT&T’s Uverse and DirecTV cable and satellite services. Circle City filed a similar lawsuit against Dish TV earlier this year.