Biden announces $1.9T pandemic rescue plan
President-elect Joe Biden unveiled a stimulus plan Thursday intended to speed up vaccines and pump out financial help to those struggling with the pandemic’s prolonged economic fallout.
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Powell signals Fed will keep aiding economy with bond buying
Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance.
Petco goes public again as spending on dogs, cats soars
It’s the third time Petco has gone public since it was founded in 1965 as a mail-order veterinary supplies business. Both times Petco was bought and taken private, most recently in 2006.
Investigative reporter Chapman latest on-air personality to leave WTHR
Chapman announced the news on Twitter on Thursday afternoon, saying that it’s “now my choice to pursue other dreams and goals.”
Instacart, others push incentives to get workers vaccinated
As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots.
Trump backers seek online refuges after big tech backlash
Online supporters of President Donald Trump are scattering to smaller social media platforms, fleeing what they say is unfair treatment by Facebook, Twitter and other big tech firms looking to squelch what they label misinformation and threats of violence.
House Republicans propose $30M for small businesses, $150M for learning loss grants
The two grant programs were initially announced last week as part of the House GOP legislative agenda, but the exact funding amounts were not shared at that time.
Lawmakers consider giving local governments more flexibility on road funding
House Bill 207, authored by Republican Sen. Blake Doriot of Goshen, would change how cities and counties with wheel and vehicle excise taxes in place are required to spend Motor Vehicle Highway funds for the next two years.
Group led by ex-Brightpoint CEO launches 2nd, and bigger, blank check company
Novus Capital Corp II, a SPAC targeting businesses enabling smart technology evolution, filed Wednesday with the Securities and Exchange Commission to raise up to $250 million in an initial public offering.
Private individual, residential developer to acquire former Simon estate in Carmel
The Great American Songbook Foundation said it is nearing the sale of its 107-acre Asherwood estate in Carmel to a private individual and a developer that wants to turn part of the property into an estate community.
Christopher & Banks files bankruptcy, closing stores
The publicly traded chain said in a statement that it expects to close “a significant portion, if not all” of its 449 physical stores. The retailer has three stores in the Indianapolis area.
State COVID-19 report shows 4,411 new cases, 40 more deaths
The latest numbers show 48,437 Hoosiers have been fully vaccinated against the COVID-19 virus and 238,802 have received their first dose of the vaccine.
Speedway lands Aldi store for Founders Square development
Fishers-based Rebar Development on Wednesday said Aldi will occupy 20,400 square feet of newly built space in the project under construction near Interstate 465 at the northwest corner of Crawfordsville and High School roads.
Mortgage rates poised to rise as U.S. Treasury yields surge
Long-term bond yields, which can influence interest rates on mortgages and other consumer loans, are climbing this month amid expectations of higher U.S. government spending on pandemic relief and an economy recovery as more people get vaccinated for COVID-19.
U.S. unemployment claims jump to 965,000 as virus takes toll
In Indiana, 18,812 people filed initial unemployment claims in the week ended Jan. 9, up from an adjusted number of 14,796 the previous week.
Indiana reverses decision to count hundreds of hidden dropouts
Wednesday’s board decision means high schools’ 2020 graduation rates will not decline as steeply as previously expected.
Indiana teachers frustrated over longer wait for COVID-19 vaccine
It’s unclear when Indiana teachers will be eligible for the vaccine, but they will likely have to wait several weeks until Hoosiers age 60 and older and people with medical conditions receive their shots.
Risky driving: U.S. traffic deaths up despite virus lockdowns
A study found that 65% of drivers treated at trauma centers who were hurt in serious crashes had drugs or alcohol in their systems last year. It was 50.6% before the pandemic, NHTSA said.
Biden expected to include new child tax credit in major new stimulus proposal
Biden officials are likely to include the expansion of an existing tax credit for children as part of a relief package that will also include $2,000 stimulus payments, unemployment benefits and other assistance for the ailing economy.
Indiana’s delegation splits along party lines on impeachment
The state’s seven Republican House members voted against impeachment, while the two Democrats favored the impeachment of Trump for a history-making second time.