Wall Street rally fizzles as oil prices suddenly plunge
The Dow Jones industrial average closed the day with a 26-point loss after losing an earlier gain of 937 points.
Public Health
-
Indianapolis Symphony Orchestra puts musicians on unpaid furlough, lays off half of staff
The Indianapolis Symphony Orchestra said it has applied for financial relief through the federal Paycheck Protection Program and advised employees to seek unemployment benefits.
Read More -
Indiana Repertory Theatre sues insurer over rejected claim tied to virus crisis
IRT, the state’s largest not-for-profit professional theater, says its insurer refused to cover a “business interruption” claim tied to the coronavirus crisis.
Read More -
Republic Airways applies for federal funding to keep employees working
The pandemic has been incredibly disruptive for the airline industry, and Republic, a regional carrier, is feeling the pain. The health crisis has led to a “rapid erosion” of Republic’s daily flight schedule.
Read More -
Analysis: How long until sports can return?
Assessing probability is futile, but public health leaders indicate that fans and leagues should prepare for sports to remain absent not just for the coming months but into next year.
Read More
Articles
THE LATEST: 48 local first-responders have virus; relief fund awards $4.55M; state cases exceed 5,500; Republic Airways applies for aid
Get the latest news on the coronavirus and COVID-19 in this ongoing series of updates available outside IBJ’s paywall.
Treasury preparing to seek $200B-plus to replenish small biz coronavirus program
The pending request is being designed to backstop a $349 billion small business loan program that was created as part of the $2 trillion coronavirus rescue bill enacted late last month.
COVID-19 community relief fund awards additional $4.55M in grants
Combined with a first round of grants made March 24, the Central Indiana COVID-19 Community Economic Relief Fund has distributed more than $11.8 million to 74 organizations in central Indiana to date.
Coronavirus cases in Indiana grow to more than 5,500, deaths to 173
The Indiana State Department of Health on Tuesday morning reported a daily high in new COVID-19 cases.
After virus fades, service industries might be changed forever
The pandemic is almost sure to leave a mark on the way people work, shop and socialize, perhaps permanently shifting the way many industries operate.
Businesses wait for word, money after applying for SBA loans
Banking industry officials have said the slowdown in getting funds to customers has mostly been on the SBA’s side, although they said the government was making progress.
City establishes overflow homeless shelters at Garfield, Washington parks
The two temporary shelters, which are intended for healthy residents, have a combined capacity of 85.
Officials say Indiana has enough gowns, masks for 13 days
State officials are urging local manufacturers to help keep supplies up by producing additional protective gear for the state’s hospitals and nursing homes.
Governor tightens retail restrictions, requires liquor stores to switch to takeout
The new executive order, which extends the stay-at-home directive through April 20, includes many of the same provisions as the initial order, which took effect March 25, but it adds new language in an attempt to strengthen the existing guidelines and creates an Enforcement Response Team to ensure businesses are complying.
Dow skyrockets 1,627 points on signs new virus deaths could be slowing
A worldwide rally gained steam on Wall Street on Monday, propelling major indexes up more than 7%, as traders cheered glimmers of hope that the deadliness of the coronavirus outbreak could be slowing in some of the hardest-hit areas.
COVID-19 claims lives of 11 residents at Anderson assisted-living center
Indiana State Health Commissioner Kristina Box said Monday that more than 20 people at the facility had contracted the coronavirus.
British Open canceled, Masters moves to November in major rescheduling
Still to be determined is when—or even if—golf can resume depending on the spread of COVID-19 that has shut down sports worldwide.
Auto insurers return money to customers during ‘unprecedented’ driving slump
States across the U.S. have issued stay-at-home mandates to help slow the spread of the deadly coronavirus. That’s led to a decline of about 35% to 50% in driving in most states.
Stocks rise sharply on hopes of progress in battling virus
U.S. stocks climbed more than 5% in morning trading, following up on gains that were nearly as big in Europe and Asia.
Coronavirus patients rush to join studies of Gilead drug
Remdesivir is farther along in testing than many other potential therapies, and the current studies could lead to regulatory approval.
INDOT to close I-70 in Indianapolis to take advantage of pandemic traffic slowdown
The Indiana Department of Transportation said it was accelerating planned construction on the interstate while traffic is down about 40%.
IBJ Podcast: What you need to know about unemployment now
State unemployment specialist Josh Richardson talks with host Mason King about who is now eligible for benefits under an expansion approved by Congress as well as how soon they’ll begin receiving benefits and how the agency is adjusting to a flood of applicants.
Nursing home operator designates facility for COVID-19, moving residents to others
A Fishers-based operator of nursing homes plans to relocate residents from one of its facilities to other sites and designate the vacated 140-bed facility for COVID-19 patients only—a move that is meeting resistance from some public officials and family members.
Across the United States, COVID-19 is killing more men than women, data show
Indiana is seeing a trend being seen around the nation: More women are testing positive for COVID-19, but more men are dying of it.