Economy shows signs of cooling, with easing inflation, higher jobless claims
Applications for unemployment benefits climbed to a more than one-year high and wholesale inflation continued to moderate, adding to signs of softening in the economy.
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Sen. Todd Young says he won’t support Trump nomination
Young named at least one factor: Trump’s failure to vocalize his support for Ukraine in the yearlong conflict following the Russian invasion.
Supreme Court upholds California law on humane pork sales
Pork producers said the law could force industry-wide changes and raise the cost of bacon and other pork products nationwide.
North of 96th roundup: Ace Hardware, Tropical Smoothie Cafe plan new stores
Several restaurants and businesses have recently opened or are planning new locations in the north suburbs of Indianapolis. Here’s a rundown:
Fishers considers charging nonresidents $50 to park at Geist Waterfront Park
The city expects more than 150,000 visitors will come to the park during beach season between Memorial Day and Labor Day. Another 100,000 people are anticipated during the cooler months of the year.
IPS official Warren Morgan chosen to lead Cleveland schools
The departure of its chief academic officer means IPS will need to find a new leader to manage issues such as graduation, state test results and curriculum.
NCAA maintains tough penalties as legal sports gambling grows
More than 40 athletes from the University of Iowa and Iowa State University could be facing discipline from both law enforcement and the NCAA for impermissible online wagering. The NCAA consequences could be far worse than the legal ones.
OrthoWorx CEO: State funding to create boost for orthopedics industry
The CEO of orthopedic industry group OrthoWorx says the $30 million appropriation from the state’s new two-year budget has created excitement within Indiana’s orthopedic industry.
Indianapolis VC firm Ivy Ventures launches with $20M fund
Local entrepreneur and general partner Scott Kraege co-founded Ivy Ventures with Mike Reynolds, CEO of Indianapolis-based Innovatemap, and John Wortman, CEO and co-founder of Carmel-based Valeo Financial Advisors LLC.
Google giving its dominant search engine an artificial-intelligence makeover
Google on Wednesday disclosed plans to infuse its dominant search engine with more advanced artificial-intelligence technology, a move in response to one of the biggest threats to its long-established position as the internet’s main gateway.
Coming off huge losses, Community Health to cut jobs in restructuring
Community Health Network, which lost $161 million last year on operations and investments, plans to cut an unspecified number of jobs through a workforce restructuring. The Indianapolis-based hospital system confirmed Wednesday that it is taking the “unfortunate and necessary step” of making job cuts. It did not say how many jobs would be lost, or […]
New EV models drive up North American factory production
In the first quarter, North American factories produced almost 29,000 cars in models that weren’t being manufactured a year ago.
Green District salad restaurant closes Monument Circle location
Green District, which offers chopped salads, wraps and grain bowls, was open for 20 months on the south side of Monument Circle.
UPDATE: Bill Oesterle, influential leader in politics and business, dies at 57
Oesterle’s long list of accomplishments included co-founding and serving as CEO of Indianapolis-based Angie’s List and persuading Mitch Daniels to run for governor.
Local logistics firm Draco moves some operations to Mount Comfort building
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
U.S. prices remain high, showing inflation pressures persist
The nation’s inflation rate has steadily cooled since peaking at 9.1% last June but remains far above the Federal Reserve’s 2% target rate.
Colts to play in Germany this season
The Colts are scheduled to play in Frankfurt against the New England Patriots during Week 10 of the league’s regular season. It’s the first time the franchise has been selected for an international game since 2016.
Indiana gas tax set to rise again this summer
The annual increase was set to expire in 2024, but it was extended until 2027 with a little-discussed provision included in the state budget bill.
Officials hear more calls for deeper look into possible Black graves at bridge project
Architectural representatives at Tuesday’s meeting about the planned Henry Street bridge also presented the preferred design for the project, dubbed “Circle City Gateway.”
Noblesville City Council OKs project terms for Pacers G League arena
Mayor Chris Jensen said the arena is expected to attract about 65,000 people to Noblesville per year, which he said would equate to more than $30 million in annual economic impact for the city.