Wall Street steadies following last week’s omicron-related slide
The most powerful lift for stocks came from those that have been able to grow strongly almost regardless of the economy’s strength or pandemic’s pall.
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U.S. commerce secretary urges boost in semiconductor output
Gina Raimondo will press Congress to pass legislation that would put about $52 billion toward U.S. chip manufacturing in a speech to the Economic Club of Detroit during a visit to the city that’s the capital of American auto manufacturing.
Fishers District developer breaking ground on adjacent 242-unit rental home community
With an initial price tag of $63 million, the 25-acre community east of Ikea has since been renamed Slate at Fishers District.
Twitter co-founder Jack Dorsey steps down as CEO
Dorsey has faced several distractions as CEO, starting with the fact that he’s also founder and CEO of the payments company Square. Some big investors have openly questioned whether he could effectively lead both companies.
Sports conferences ACC, Big Ten, Pac-12 launch mental health initiative
Teammates for Mental Health will be unveiled this week during basketball games involving the three conferences, including the ACC/Big Ten women’s and men’s challenges.
Shippers prepare for another pandemic crush of holiday gifts
Nearly 3.4 billion parcels are expected to crisscross the country this holiday season, representing an estimated increase of about 400 million compared with last year.
More omicron variant cases pop up as world rushes to learn more
The COVID-19 variant was identified days ago by researchers in South Africa, and much is still not known about it, including whether it is more contagious, more likely to cause serious illness or more able to evade the protection of vaccines.
IBJ Podcast: Buy your gifts now (and other tips for the 2021 holiday shopping season)
Retailing expert John Talbott tells host Mason King that the supply-chain issues that have plagued commerce since the start of the pandemic are expected to complicate gift buying and limit stock for some products. You won’t get any second chances.
Don Shondell, longtime BSU men’s volleyball coach, dies at 92
Shondell, who coached the Ball State University men’s volleyball team to 13 NCAA tournament appearances, was frequently referred to as the father of Indiana volleyball. He coached the Ball State team for 34 years and saw dozens of his players go into the coaching ranks.
Stocks sink on new COVID variant; Dow loses 905 points
It was the worst day for Wall Street’s benchmark S&P 500 index since February, and the price of oil fell about 13%, the biggest decline since early in the pandemic, amid worries of another slowdown in the global economy.
New omicron variant stokes world fears, triggers travel bans
A World Health Organization panel suggested omicron could pose greater risks than delta, which is the world’s most prevalent variant and has fueled relentless waves of infection on every continent.
Local companies eye big opportunities in federal infrastructure package
The $1.2 trillion law could be a boon for huge corporations like Cummins Inc. and Allison Transmission Inc. and smaller ones like Telamon Corp., 120Water Inc. and BCA Environmental Consultants LLC.
Indy Parks set to add 90 acres of green space
That’s nearly three times the acreage purchased in the two decades prior, and a major expansion for a municipal parks agency with no land-acquisition budget.
Next IndyGo rapid lines move toward reality
Indianapolis is moving ahead with the next two legs of its massive bus rapid transit project, after a messy legislative session and pandemic-related problems threw a wrench in the timeline.
Indiana lawmakers won’t return for one-day session on COVID-19 legislation
Legislative leaders said they now will plan to address COVID-19 vaccine mandates and the public health emergency during the regular session in January.
Duke Energy Indiana seeks to raise rates 1% yearly until 2029 to upgrade grid
Duke Energy Indiana wants to spend about $1.9 billion to upgrade its electric grid, a move it says would result in few and shorter power outages and would harden the grid against severe weather.
Nail salon planned for 123-year-old Bates-Hendricks building as business picks up in resurgent neighborhood
City Nail Bar could open on South East Street, where recent commercial launches include an ice cream shop, a chiropractic office, a makeup and skincare salon and a massage therapy studio.
Indiana COVID-19 daily cases climb back past 4,000, hospitalizations rise
Another 17 deaths from COVID-19 were reported to the state on Tuesday, raising the total to 16,805.
Consumer spending rebounds despite rising October inflation
U.S. consumer spending rebounded in October, rising by a a solid 1.3% despite rising inflation that over the past year has reached the fastest pace in more than three decades.
Seasonal adjustments send U.S. jobless claims to 52-year low
Since topping 900,000 in early January, the applications have fallen steadily toward and now fallen below their prepandemic level of around 220,000 a week.