U.S. added 263,000 jobs in November, a strong showing amid tech slowdown
The U.S. labor market showed little sign of slowing last month, maintaining a surprisingly robust pace despite a slowdown in the tech industry.
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Black clergy say a candidate’s position, not race, will determine faith community’s support
Black clergy, who often carry significant influence with African American voters, say it’s time for a Black mayor. But several told IBJ they are not prepared to say the Black faith community will support any of the Black candidates over Hogsett until they learn more about them.
Indianapolis startup Overfuel aims to streamline website experience for car dealers
Overfuel, which had its public launch this week, is targeting small- to medium-sized independent car dealers, offering them software that helps them streamline their websites and glean more information about customers’ online activities.
Hogsett appoints city’s first chief diversity officer, reorganizes cabinet
A pre-election revamp of the mayor’s cabinet includes the appointment of the first diversity officer, a new senior adviser and new deputy mayors.
EPA seeks to mandate more use of ethanol, other biofuels
The move was welcomed by renewable fuel and farm groups but condemned by environmentalists and oil industry groups.
Musk’s company aims to soon test brain implant in people
Elon Musk’s Neuralink is one of many groups working on linking brains to computers, efforts aimed at helping treat brain disorders, overcoming brain injuries and other applications.
Congress votes to avert rail strike amid dire warnings
Legislation to avert what could have been an economically ruinous freight rail strike won final approval in Congress on Thursday as lawmakers responded quickly to President Joe Biden’s call for federal intervention in a long-running labor dispute.
Zoo announcing $53M campaign to fund chimp exhibit, welcome center and more
Already, the zoo has raised 60%, or $31.8 million, of its goal, with gifts from several institutions, including the Lilly Endowment.
Eli Lilly’s report card on racial justice effort shows $15.6M in donations
The Indianapolis-based drugmaker released a report card Thursday that outlined its progress “to support effective solutions” to racial inequity and social injustice. In addition to donations, the company has committed tens of millions of dollars to other diversity efforts.
Party City restarts talks with creditors as cash pile dwindles
Party City’s debt load is unsustainable, according to S&P Global Ratings, which downgraded the company deeper into junk territory last month.
Supreme Court keeps student-loan cancellation plan blocked for now
The Supreme Court on Thursday agreed to take up the case in late winter. The court’s decision to hear arguments relatively quickly means it is likely to determine whether the widespread loan cancellations are legal by late June.
Emmis Corp. sells Indianapolis Monthly magazine
Founded in 1977 and originally known as Indianapolis Home & Garden, Indianapolis Monthly magazine was purchased by Emmis in 1988.
Biden’s bid to restore student-debt relief rejected by another court
Wednesday’s ruling by a three-judge panel of the New Orleans-based court is the latest blow to a plan that has been shadowed by legal doubt since President Joe Biden announced it in August.
Catalent laying off 400 employees in Bloomington
Since 2020, Catalent had been rapidly expanding operations as it produced vaccines for both Johnson & Johnson and Moderna Inc.
Applications for jobless benefits show weekly decline
Applications for unemployment benefits are a proxy for layoffs, and viewed with other employment data, shows that American workers are enjoying extraordinary job security at the moment, despite an economy with some glaring weaknesses.
UPDATE: College Football Playoff expanding to 12 teams in 2024 season
Eighteen months after a plan to expand the College Football Playoff from four teams to 12 was publicly unveiled, a process that was delayed and seemingly derailed numerous times is ready to cross the finish line.
McLaren names Alex Palou reserve driver for F1 team
The Spaniard, who won the 2021 IndyCar championship for Chip Ganassi Racing, said he was declining to return to Ganassi next year and instead would drive for McLaren.
Jamie Chadwick parlays W Series success into Andretti ride
Chadwick will make her debut in an American racing series in March, driving the No. 28 for Andretti Autosport with sponsorship from DHL. The 24-year-old will become the first female in 13 years to compete full time in the Indy NXT championship.
Inflation gauge tracked by the Fed slows to still-high 6%
The report also showed that consumers spent more in October, even after adjusting for inflation, a sign of their continued willingness to keep spending in the face of high prices.
Life sciences staffing company Harba Solutions moving HQ to Fishers
The company plans to occupy about 3,200 square feet of the 30,000-square-foot three-story building north of the ellipse at the Nickel Plate District Amphitheater.