Fed set to raise rates yet again. What comes next is unclear.
Another quarter-point rate increase on Wednesday would leave the Fed’s key rate at 5.1%—a 16-year high and a full 5 percentage points higher than in March 2022.
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Workers’ well-being tops agenda at annual shareholder meetings
From Amazon.com to Walmart, investors have filed more than 140 shareholder resolutions this year, pressing companies to address employee-related issues ranging from paid leave and health and safety to abortion access, benefits and labor rights.
Libertarian Donald Rainwater announces 2024 gubernatorial run
Rainwater netted a historic percentage of the vote in the 2020 gubernatorial election as a third-party candidate.
Aerosmith’s farewell tour includes stop in Indianapolis
The 40-date run of shows includes a stop at Gainbridge Fieldhouse in October with special guests The Black Crowes.
The big wins—and some losses—of Indiana’s 2023 legislative session
Of the 1,154 bills filed, Indiana lawmakers approved 252 of those in the 2023 legislative session, with many still waiting for a final signature from the governor. Here’s a recap.
First Republic Bank seized, sold to JPMorgan Chase
Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.
IBJ Podcast: Pete the Planner on death, divorce and other edgy questions in personal finance
In this 250th episode of the IBJ Podcast, Peter “Pete the Planner” Dunn answers some of the most sensitive questions in personal finance.
Shortages of prescription drugs growing in United States
There were 301 active national drug shortages through this year’s first quarter, according to the University of Utah Drug Information Service. That’s 49% higher than the 202 recorded in the first three months of 2018.
Taylor University announces $20M gift, largest in school history
Citing data from Indiana University Lilly Family School of Philanthropy, Taylor said the $20 million gift is the largest ever received by a Christian college or university in the state.
What GOP’s plan for Medicaid work requirements would mean
More than a half million of the poorest Americans could be left without health insurance under legislation passed by House Republicans that would require people to work in exchange for health care coverage through Medicaid.
New instant payment network could help smaller banks compete with the big guys
With help from a national pilot group that includes three Indiana-based banks, the Federal Reserve will soon launch the service, called FedNow.
Goodman Campbell rebuilds after split from IU Health
Its new partner, Ascension St. Vincent, is building a four-story brain and spine hospital on its flagship campus on West 86th Street in Indianapolis, which will be largely staffed with physicians from Goodman Campbell.
Primary voters to choose Hogsett’s path or Shackleford’s vision
As Mayor Joe Hogsett seeks a third term, he is facing opposition for the Democratic nomination. State Rep. Robin Shackleford was among Black leaders last spring calling for racial equity in the party’s candidate endorsement practices.
With his literary star on the rise, Maurice Broaddus connects with others
The author of sci-fi and fantasy novels was hired by Marvel Comics and publisher Smart Pop to write “Black Panther: T’Challa Declassified,” scheduled to publish in January.
Emerging hardtech field offers opportunities
Indiana’s business, academic and economic development leaders see the industry as a huge opportunity for the state.
City takes next steps to redevelop troubled Towne & Terrace property
The first in a series of demolitions began at the 20-acre site near East 42nd Street and Post Road on Friday. Over the next year and a half, the city plans to acquire more than 150 parcels and relocate residents.
Holcomb appoints new DWD commissioner
Richard Paulk succeeds David Adams, who is stepping down after less than a year as commissioner of the Indiana Department of Workforce Development.
Inflation pressures remain persistent as consumers pull back
Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
Coming off record fundraising year, Indiana’s life science sector looks for even more capital in 2023
Inventors and entrepreneurs who don’t have a track record face the biggest challenges, a panel of experts said Friday morning at IBJ’s Life Sciences Power Breakfast.
Judge rules against Google, allows antitrust case to proceed
The lawsuit alleges that Google holds a virtual monopoly in online advertising that works to the detriment of consumers.