Powell: ‘No guarantee’ Fed can tame inflation, spare jobs
Federal Reserve Chair Jerome Powell repeated his hope that the Fed can achieve a so-called soft landing, but said the job had become more difficult.
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Elevate Ventures taps local entrepreneur Christopher Day as next CEO
Christopher Day, the CEO and cofounder of Indianapolis-based marketing tech firm DemandJump, will take over as CEO of the Indianapolis-based organization on July 18.
Hospitals in Hendricks, Hancock counties join forces with Mayo Clinic
The Mayo Clinic Care Network allows small, independent hospitals to tap into the giant health system’s vast system of specialists and researchers to help solve medical problems.
UPDATE: Ascension St. Vincent to close 11 immediate-care centers
The closures will affect more than half of the urgent care centers operated by Ascension St. Vincent across the state, a move certain to impact scores of employees as well as patients who use those centers.
The Freedom Forum podcast: Holli Harrington, Indianapolis Airport Authority diversity officer
Host Angela B. Freeman talks with Harrington about her efforts to promote equity in the airport’s operations and among its vendors. And they discuss the importance of developing a culture in which employees can bring their authentic selves to work.
Noblesville City Council rejects plan for gravel pit near Potter’s Bridge Park
Noblesville city councilors voted 7-2 against the proposal by Beaver Materials, which purchased 50 acres of farmland adjacent to the 66-acre park with hopes of removing gravel from the property.
Flight cancellations stressing weary travelers as July 4 approaches
Pandemic-era problems that hobbled the national air system as it struggled to regain footing last summer have not abated, despite pledges from airline executives of a renewed focus on reliability.
FTC sues Walmart over scammers’ use of money transfer unit
In its lawsuit, the agency alleged that for years, Walmart failed to properly secure the money transfer services offered at its stores.
U.S. officials announce more steps against monkeypox outbreak
Reacting to a surprising and growing monkeypox outbreak, U.S. health officials on Tuesday expanded the group of people recommended to get vaccinated against the monkeypox virus.
Oriental Inn calls its quits after 37 years in business
The owners of the east-side restaurant, which has been shut down since mid-November due to a kitchen fire, have decided to make the closure permanent.
FDA advisers recommend updating COVID booster shots for fall
An FDA panel voted 19-2 that COVID-19 boosters should contain some version of the super-contagious omicron variant, to be ready for an anticipated fall booster campaign.
Semiconductor chip design center planned for West Lafayette
MediaTek USA announced Tuesday that the center, which is expected to create up to 30 jobs, represents its first partnership with an American university, as well as a new growth model for the company.
Courts asked to reinstate blocked Indiana anti-abortion laws
Indiana’s attorney general argued that after last week’s Supreme Court ruling, those challenging the laws “can claim no constitutional right to an abortion.”
Old National Bank to sell its health savings account business
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
Commission says $250M investment needed for Indiana public health
A commission tasked with reviewing Indiana’s public health infrastructure has found spending per capita lags and is set to pitch a significant investment.
Inflation hits state capital, infrastructure projects
Ever-increasing prices at the pump and grocery store checkout line aren’t the only places where Hoosiers can see the impact of inflation—state building projects are also feeling the budgetary strain.
U.S. consumer confidence slumps to lowest level in 16 months
Persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.
Indy area’s largest apartment complex sold in six-property deal
The properties, which total 2,103 units on more than 165 acres, have seen significant rent growth in recent years and likely will see more after renovations by the new owner.
Indiana banking on appeal of free one-year college certificates
In Indiana, people who don’t have college degrees can get the training to become welders, electricians, medical assistants, web programmers, or truck drivers—for free.
Crypto hedge fund Three Arrows Capital in default on $665M loan
The loan default comes at a perilous moment for cryptocurrencies, with investors enduring staggering losses. The market value for all cryptocurrencies stood just below $1 trillion on Monday; seven months ago, that figure approached $3 trillion.