U.S. consumer confidence falls for second month
A rising number of households are stepping up their use of credit cards—or “buy now, pay later” plans—to keep up with higher prices.
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Cyber Monday sales on track to break record despite U.S inflation
Shoppers less concerned about COVID-19 returned to stores for more of their shopping, which blunted online sales growth, according to Adobe.
Local firm acquires $104M industrial building on south side
While it’s not clear what the new owner plans to do with the building, the name of the holding company indicates uses as a cold-storage or pharmaceutical facility—or both.
Blue & Co. acquires Indianapolis accounting firm
Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.
AG asks Indiana Supreme Court to hear COVID case against Ball State
The class-action lawsuit against Ball State University was filed by a student at the school last year. The legal challenge claims Ball State has refused to reimburse students for tuition and fees that were paid for in-person classes and services.
Indiana pension system lost $200M-plus in Russia-Ukraine fallout
Indiana’s pension system lost $200 million in two months after Russia invaded Ukraine in early 2022, but that’s loose change for a system with $45.8 billion in assets invested all over the world.
Indianapolis-based tech firm Zylo lands $31.5M investment
The latest investment is the fourth major round of funding for Zylo, which was founded in 2016 and has raised more than $66.5 million to date. The company helps customers manage their software-as-a-service subscriptions.
Westfield City Council approves term limits despite legal concerns
The ordinance limits the mayor and city council members to two consecutive four-year terms and the clerk-treasurer to three consecutive four-year terms.
Powell to set stage for slowing Fed rate hikes amid hawkish tone
Chair Jerome H. Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rate increases next month, while reminding Americans that its fight against inflation will run into 2023.
Biden calls on Congress to head off potential rail strike
A coalition of more than 400 business groups sent a letter to congressional leaders Monday urging them to step into the stalled talks because of fears about the devastating potential impact of a strike.
BlockFi seeks protection as FTX collapse rattles crypto
In a Monday filing for bankruptcy protection in New Jersey, where it is based, BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion.
Corteva cutting 1,000 workers globally, including at Indianapolis HQ
Corteva Inc., the Indianapolis-based seed and insecticide giant, is cutting 5% of its global workforce, or roughly 1,000 workers, as it reduces its portfolio of products and streamlines its operations.
City to spend $20M on West Washington Street following Blue Line shift
The infrastructure-improvement project is smaller than the $50 million plan that IndyGo dropped after an October board decision to alter plans for the Blue Line rapid-transit bus line on the west side.
Temporary space set up for Lafayette Square Mall tenants
Owner Sojos Capital said more than 20 Lafayette Square Mall tenants will set up shop on the first floor of the former Sears building and will not be required to pay rent.
Indiana lawmakers, teacher unions outline education priorities for General Assembly
Indiana’s top Republican lawmakers said they plan to prioritize school choice and enact a plan to “reinvent” high school education during the next legislative session. Teacher unions have other priorities.
Purdue, Accenture partner on smart manufacturing
Purdue said the company has committed to provide funding to establish the Accenture Smart Factory on the West Lafayette campus as well as the Accenture Smart Manufacturing Scholars Program.
After record Black Friday, consumers turn to Cyber Monday for more deals
Cyber Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales, according to Adobe Analytics, which tracks transactions at over 85 of the top 100 U.S. online stores.
Study: Incentives can lead employees to cheat or lie at work
Leaders usually deploy incentives with the aim of boosting their organization’s performance, but the focus on rewards can “open you up to overlooking other important values,” the lead author of the study said.
The great mismatch: Remote jobs in demand, but positions drying up
The scaling back of remote-work policies is among the first and most visible signs of a changing job market.
IU coach: Vegas tourney a setback for women’s basketball
Indiana University women’s basketball coach Teri Moren said she considered not playing the University of Memphis on Saturday night in the Las Vegas Invitational because no paramedics were on site.