A series of wrenching numbers were issued Wednesday on retail sales, oil prices and bank profits that knocked a stock rally off its tracks and hit the pause button on investor optimism.
The nationwide look at the outbreak’s impact on the economy came from the Federal Reserve’s report known as the beige book, compiled from information supplied by the Fed’s 12 regional banks.
Indiana Gov. Eric Holcomb has said he’s talked with regional governors, but he has not said publicly whether Midwest states’ economies should reopen as a group.
Indiana University Health said admissions of COVID-19 patients at its 16 hospitals have been “pretty flat” over the past six or seven days, but it’s unclear whether the surge has peaked.
The case and death numbers reported Wednesday by the state health department were higher than than previous day’s figures.
Automobile and clothing store sales collapsed during the month, the Commerce Department said Wednesday. Sales at restaurants and bars also plummeted. But grocery store business soared.
It’s one of the biggest unknowns about the coronavirus, one that determines what comes next for hundreds of thousands of Americans who have endured COVID-19 and now appear to be fully recovered.
Governors around the United States began sketching out plans Tuesday to reopen their economies in a slow and methodical process to prevent the coronavirus from rebounding with tragic consequences.
Videos and online reports claiming that millions of Americans will have to repay the relief checks they receive from the federal government under the $2.2 trillion coronavirus economic recovery bill are not true.
Indianapolis-based Republic Airways told The Wall Street Journal that it was still in discussions with the Treasury.
Five major football conference commissioners have asked the Indianapolis-based NCAA to relax some requirements to compete in Division I for four years.
The group will operate separately from the White House task force that’s leading the administration’s public health strategy to contain and mitigate the pandemic, although there is expected to be some overlap.
Following a significant downturn in airport activity across the country, the airport industry pleaded with Congress to include $10 billion in emergency funding for airports in the latest relief package.
Equities extended gains after a report that President Donald Trump will make some “important announcements” in the next few days regarding state guidelines on reopening the economy.
Nursing homes are now permitted to relocate or discharge residents to reduce the risk of COVID-19, even if families or local officials object, according to an order issued Tuesday by Indiana State Health Commissioner Kristina Box.
The Indiana State Department of Health on Tuesday reported 141 deaths in Marion County, up from 123 in Monday’s report.
While the federal government won’t seize stimulus checks being deposited into Americans’ bank accounts this week for owed debts, private debt collectors might, consumer advocates are warning.
Mailing absentee ballot applications to Marion County’s nearly 650,000 registered voters is expected to cost $550,000 for the primary. The council also allocated $550,000 for the fall, in case social distancing is still being encouraged at that time.
While providers such as Spectrum, AT&T, and Comcast have touted free internet offers to bridge technological divides, some families across the country still can’t afford service, which can come with strings attached.
The meat supply chain is especially vulnerable since processing is increasingly done at massive plants that butcher tens of thousands of animals daily, so the closure of even a few big ones can quickly be felt by customers.
