INDIANAPOLIS (WISH) — Here’s a look at Thursday’s business headlines with Jane King, who has the latest details on interest rate cuts, Open AI, and Samsung’s new line of foldable smartphones.

Trump sends tariff letters to world leaders

President Donald Trump sent letters dictating new U.S. tariffs on at least seven more countries’ imports.

The latest letters, shared in Truth Social screenshots, were sent to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka. The tariff rates for the 21 countries targeted so far range frmo 20-40%.

Federal Reserve governors split on interest rate cuts

Minutes from a recent meeting of the Federal Reserve show most governors want an interest rate cut but can’t agree on how many and when. They were split between concerns over tariff-fueled inflation and signs of labor market weakness and economic strength.

President Trump has been pressuring has been pressuring the Fed to cut rates, insisting inflation is easing.

Youth sports proving to be a money maker

Private investors see big opportunity in youth sports. The youth sports industry, according to the Aspen Institute, generates $40 billion in annual revenue, dwarfing other forms of entertainment.

About 60 million kids play sports, and the average U.S. sports family spent $1,016 on its child’s primary sport in 2024, a 46% increase since 2019. However, some worry that with big money coming into youth sprots that it will take away some of the feeling of community.

Reuters OpenAI prepares to launch web browser

Reuters OpenAI is close to releasing an AI-powered web browser that will challenge alphabet’s market-dominating google chrome, three people familiar with the matter told Reuters.

The browser is slated to launch in the coming weeks, three of the people said, and aims to use artificial intelligence to fundamentally change how consumers browse the web. It will give OpenAI more direct access to a cornerstone of Google’s success: user data.

Samsung hopes to flip script on rivals

Samsung has introduced several new foldable phones: the Galaxy Fold 7, which folds like a book, and the Galaxy Z Flip 7, which takes on the form of a classic clamshell-style flip phone.

Samsung also announced a cheaper version of its latest flip phone, the Galaxy Z Flip 7 SE.

What’s the best type of pitch to play soccer on?

While the answers may vary per person, FIFA has three types of pitch surfaces that are most commonly used: 100% natural grass, hybrid pitches, which use some synthetic fibers to reinforce the natural grass, and 100% synthetic (artificial) fibers.

In the U.S., there has been several criticisms of the pitches used for major tournaments, such as the 2024 Copa America and 2025 Club World Cup.

“You’re playing on a football field, with laid grass that’s all patchy and it breaks up every step you take. It’s frustrating,” U.S. midfielder Weston McKennie said after a Copa America game in Atlanta.

“The pitches aren’t great at all. It holds up the ball, the ball barely bounces,” Real Madrid star Jude Bellingham said after their win in Charlotte against Pachuca in the Club World Cup. “It’s tough on the knees as well. Hopefully, there’s someone who will look at that going into the World Cup next year.”

That’s where U.S. men’s national team star Tyler Adams comes in. Adams, who captained the U.S. at the 2022 World Cup, is partnering with Scotts to improve the quality of turf for youth and set a new standard.

Adams is helping initiate the “Keep It Real” Sweepstakes from July 10 to July 24, which will give five youth sports organizations across the country the chance to win a complete refurbishment for their natural turf playing field with Scotts products.

So, where did Adams choose to launch the sweepstakes and provide a field makeover? Wappinger, N.Y.

“I picked my hometown, a park that’s a short walk away from where my grandmother lives and a place that I grew up walking to as a kid and coming to camp here as a kid,” Adams told NBCUniversal Local. “It holds a special place in my heart so to be able to now make it an even better environment for young kids just like I was growing up here, it’s really, really nice.”

Activities for first-ninth grades are tailored to assist all skill levels with developing and enhancing their athleticism at a speed and agility clinic in Tempe.

Drills will focus on stretching techniques, hand-eye coordination, speed and agility.

Whether your young athlete is a beginner or you’re looking to improve their mobility on the court or field, boys and girls of all skill levels and all sports background are welcome. Athletes will receive a camp T-shirt.

Classes are 10 a.m.-noon for first-fourth grades; and 12:30-2:30 p.m. for fifth-ninth grades, on Saturdays, July 12-26 at North Tempe Multi-Generational Center, 1555 N. Bridalwreath St.

To register, go to https://www.tempe.gov/government/community-services/classes-leagues/sports-youth/sports-camps

DURHAM, N.C. (WTVD) — Don Daves has a long road ahead of him after floodwaters from Chantal caused serious damage to the fields operated by the Holt Athletic Association in the Old Farm neighborhood near the Eno River.

“It’s a big mess,” Daves said, while surveying the flood-damaged site.

The Durham native grew up playing baseball and softball at Holt Fields and later spent four decades coaching youth sports.

In his retirement, he learned that the fields he played on as a kid were up for sale and had been unused for quite some time. He and his wife spent hundreds of hours and thousands of dollars restoring the area three years ago.

“We came in to, you know, everything overgrown, and so we spent a summer pretty much just trying to rebuild everything and get it back in shape,” Daves said.

Daves emphasized accessibility, requiring leagues to give all players game time and keeping registration fees low to ensure every family could afford to participate.

“I love the kids. I love just the smiles on their faces and the enjoyment they have,” he said. “You get the winning and losing and you learn so much.”

Over the weekend, heavy rain from Tropical Storm Chantal flooded homes, cars and Holt Fields. Several feet of water swept away bleachers, tore down fencing, ruined maintenance equipment and coated the entire property in mud.

SEE ALSO | How to help following disastrous flooding in central NC from Tropical Storm Chantal

“It’s a very devastating thing,” Daves said, standing in the muddy remains of the concession stand. “It was even more of a surprise and hurt when we found out we’re not going to be covered by insurance.”

Like many in the area, Daves did not have flood insurance. He’s now facing a six-figure repair bill out of pocket.

Still, he and his wife remain committed to rebuilding.

“The big thing that my wife and I both said is that, you know, if we don’t do this, it’s just going to go back down and the kids aren’t going to have a place to go,” Dave said.

Aerial view of Grand Park Sports Campus in Westfield, Indiana. Master plan developers call it “A Place for People Who Love Sports.”

All images courtesy of City of Westfield, Indiana

Economic development takes on an athletic twist in Westfield, Indiana.

In the classic 1986 hoops movie “Hoosiers,” coach Norman Dale, played by Gene Hackman, tells his basketball team at a small high school in Indiana what it means to compete for a championship: “If you put your efforts and concentration into playing to your potential, to be the best that you can be, I don’t care what the scoreboard says at the end of the game,” he says. “In my book, we’re going to be winners.”

The ultimate underdog redemption story, “Hoosiers” could be a metaphor for the City of Westfield, a 32-square-mile town of 58,410 people about 25 miles north of downtown Indianapolis. Inspired by the Milan High School team that won the 1954 state championship, the film captured the essence of small-town, Midwestern grit, determination and hustle — qualities found in Westfield, a rapidly growing suburb in Hamilton County in Central Indiana.

While Coach Dale’s team wanted to win a state title, the City of Westfield aims to capture a national one. They want to be known as the No. 1 youth sports city in America.

“We are the youth sports capital of the U.S.,” says Jenell Fairman, Westfield’s economic development director.

It’s hard to argue with her. From 2017 to 2023, the Grand Park Sports Campus in Westfield had 37.48 million visitors — more than any other youth sports complex in America. Disney World’s famous Wide World of Sports Complex near Orlando came in second with 30.66 million visitors, followed by youth sports parks in Blaine, Minnesota; Manheim, Pennsylvania; and Cartersville, Georgia.

“We are a growing city, and we are using sports to grow our population and our economy,” says Fairman. “Westfield was the sixth-fastest-growing city in the U.S. in 2023. We have been growing between 10% and 30% each year.”

Hamilton County is home to Westfield and three nearby cities: Noblesville, Fishers and Carmel. “Our county’s four cities all touch each other. We have been growing like crazy,” says Fairman. “We are often listed among the best places to live in the country because we have some of the highest quality of life found in Indiana and the U.S.”

NFL? NBA? USL? Come One, Come All
Sports and recreation drive that. Known for its award-winning parks and trails, Westfield caters to people who crave an active outdoor lifestyle and raise kids who want to be the next Caitlin Clark or Tyrese Haliburton. “Our main economic driver has been Grand Park — the largest youth sports facility in the country at over 400 acres,” Fairman notes. “In 2023 alone, Grand Park had over 5.5 million visitors.”

In the highly competitive world of youth sports, hosting big events is big money; and nothing brings in outside visitor spending quite like hundreds of youth athletic contests that annually attract millions of athletes and their families.

Because of that, Westfield is doubling down.

“We adopted a 150-acre master plan for Grand Park,” says Fairman. Today, the campus includes 31 multipurpose fields; 26 baseball and softball diamonds; a 378,000-sq.-ft. Events Center with three full-size indoor synthetic fields; office space; and a full-service restaurant and bar.

The campus also hosts the NFL’s Indianapolis Colts Training Camp; the NBA’s Indiana Pacers Athletic Center; the training grounds of the Indy Eleven men’s and women’s soccer teams of the USL; Wright’s 360; and Pro X Athlete Development.

Fairman says future plans include a brand-new outdoor soccer stadium with seating capacity for 15,000 fans; an indoor ice arena for youth hockey and other tournaments; retail shops, eateries and other mixed-use space.

None of this is by happenstance, notes Fairman.

“Scott Willis is our new mayor, and he has set economic development as a priority for Westfield. We want to enhance quality of life around this youth sports amenity and grow it,” she says. “We are like the best-kept secret in the Midwest, but a lot of people know about Grand Park.”

“We are like the best-kept secret in the Midwest, but a lot of people know about Grand Park.”

– Jenell Fairman, Director of Economic Development, City of Westfield, Indiana

A lot of companies know about Westfield too. Over the past decade, 160 corporate facility expansion projects have landed in Hamilton County. Only Marion County, which includes the state capital of Indianapolis, had more projects during that time (396) in Indiana. Some of the biggest investments in Indiana have occurred in Hamilton County. These include Andretti Autosports’ $200 million project in Fishers and Bastion Solutions’ $164 million plant in Noblesville.

Westfield, meanwhile, has garnered its fair share of corporate facility investments. Portal Diabetes Inc. announced a $4 million capital project in April of this year, while Vikan, a light manufacturing company, announced a headquarters relocation to Westfield as part of a $10.5 million, 80,000-sq.-ft. project. Other large projects in Westfield in recent times include Builders Digital Experience and Isotopia Molecular Imaging.

Existing large employers in Westfield include IMMI, a safety strap maker; SEP; Agreliant Genetics LLC; Abbott Labs; and Westfield Steel, among others.

Leveraging Sports for Economic Growth
Sports, however, remain the crown jewel of the community. With basketball ingrained into the blood of most Hoosiers, it didn’t take much for the entire state to wrap its collective arms around Caitlin Clark and her Indiana Fever of the WNBA or to enthusiastically jump on the “Yes, ’Cers” bandwagon of the Indiana Pacers and their march to the NBA Finals.

But round rims aren’t the only circles drawing sports fans to town. Westfield recently secured a deal to host the LIV Golf Individual Championships August 15-17 at The Club of Chatham Hills. And Grand Park’s new soccer stadium, upon completion, is expected to host home games of both Indy Eleven USL squads.

Artist renderings of the Grand Park Master Plan and retail plaza. Think of Atlanta Braves’ stadium Truist Park and The Battery Atlanta in Cobb County, Georgia, as a comparison, say developers.

All of this, says Fairman, feeds into the growth of the Grand Park Sports Campus, which is in the midst of a 10-year master plan that includes development of a full-scale retail, entertainment and mixed-use project bringing athletes, shoppers, hotel guests and concert-goers to the sports mecca of Westfield.

“I came from Carmel,” says Fairman. “We are focused in Westfield on building a better quality of life. I don’t think our story was being told. There are not many places in America that compare to Hamilton County. I think the best comparison to Westfield is Carmel 20 years ago. When you look at our neighborhoods — places like Chatham Hills, Bridgewater, Centennial and Harmony — these are some of the highest valuations in the city.”

More are coming, she adds. “Westfield has been issuing more housing permits than the rest of Hamilton County combined and more than Marion County,” she says. “We have enjoyed exponential growth over the last 20 years.”

After all this growth, what’s next for Westfield? “We’re looking for more high-tech investments and we’re focused on sports technology,” Fairman says. “My goal is to bring more of those jobs here.”

If the fictional Coach Dale of “Hoosiers” were asked today whether Westfield has already won, he’d likely respond by saying, “Yes, ’Cers.”

Profile: Westfield, Indiana

• Location: Hamilton County in Central Indiana.

• Metro Area: Westfield is part of the 11-county Indianapolis-Carmel-Anderson MSA that has 2.2 million people.

• The Quakers, who founded Westfield, were instrumental in the Underground Railroad route through Indiana.

• Westfield is the hometown of world hot dog eating champion Joey Chestnut.

• Westfield is home to two Pete Dye golf courses.

• Grand Park Sports Campus, home of Indy Eleven USL soccer team headquarters and Colts NFL Training Camp, is the nation’s largest sports tournament facility and is the most-visited youth sports complex in America with over 5 million visits in 2023 (note this is visits, not unique visitors).