Fed cuts rates for third time this year but signals pause
A statement the Fed released after its latest policy meeting removed a key phrase that it has used since June to indicate a future rate cut is likely.
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Federal Reserve expected to cut rates but may offer little guidance
The Fed’s policymakers will likely frustrate anyone who is hoping for a clear signal about what they may do next. The central bank may prefer instead to keep its options open, economists say.
Stocks set another record amid growing economic caution
The strongest market performers in recent months have been companies that pay big dividends and are more likely to hold up during downturns. Investors, meanwhile, remain hesitant to plow their money into stocks.
J.P. Morgan sues ex-broker after client exodus to his new firm
The brokerage alleges that Erik Weiss, since leaving for a job with Raymond James & Associates last month, has been improperly soliciting clients to follow him.
Colleges find big benefits in connecting investors with startups
Colleges nationwide are launching angel networks that connect business executives and investors with entrepreneurs and startups with ties to the school.
Fed expected to cut rates next week before hitting pause button
The Fed has already lowered rates twice this year, in July and September, not because officials forecast a steep downturn but because the risks of such a slump have mounted.
Uncertainties escalate for Fed as it weighs another rate cut
The Federal Reserve finds itself in an unusually delicate spot as it considers how much more to try to stimulate an economy that’s still growing and adding jobs but also appears vulnerable.
Federal Home Loan Bank assists smaller banks, boosts affordable housing
Last year, the Federal Home Loan Bank of Indianapolis had $32.7 billion in loans outstanding to its members, enabling them to extend their business reach further than they could on their own.
Banks move around in latest deposit rankings
JPMorgan Chase and PNC Bank saw both their Indianapolis-area deposits and their market share decline over the past year, although they retained their positions as the area’s two largest banks, according to Federal Deposit Insurance Corp. data.
Bankruptcy filings hold roughly steady
The U.S. Bankruptcy Court for the Southern District of Indiana handled 10,670 bankruptcy filings during the first nine months of this year—slightly fewer than a year ago.
Financial firm faces complaints from customers who say they were led into unsuitable investments
David A. Noyes & Co. has helped raise money for companies—including Indianapolis-based Digonex Technologies Inc. and Fishers-based SteadyServ Technologies LLC—by persuading its clients to invest. But such investments, known as private placements, are risky by nature—and Noyes’ clients have not always been happy with the results.
Charles Schwab escalates online brokerage-fee war
Charles Schwab is betting the decision to lower or eliminate trading fees will help it attract customers, who’ve grown more vocal about the cost of investing.
Bankruptcy, morass of litigation follow exec’s indictment
The legal situation is increasingly complex for Kerri Agee, who in March was indicted on federal fraud charges in connection with her now-defunct Westfield financial services firm.
Former tech products executive sentenced on theft, securities charges
The former high-ranking executive for ACTnano Inc., ChaCha and Brightpoint pleaded guilty in August to theft and acting as an unregistered broker-dealer. He was already facing monetary judgements of more than $740,000 in two related civil cases.
Markets cap turbulent third quarter with positive end
U.S. stocks climbed Monday and gave one last nudge to ensure the Standard & Poor’s 500 emerged from yet another tumultuous quarter with a modest gain.
Indy startup Zylo raises $22.5M to boost marketing, workforce
Zylo is a software-as-a-service company that helps enterprises manage other SaaS subscriptions. It was launched out of High Alpha Studio, the Indianapolis-based startup and venture firm.
PETE THE PLANNER: Think carefully before deciding to invest without an adviser
When it comes to investing, not only do too many people misconstrue knowledge for skill, but beyond that, people tend to make a series of predictable mistakes brought on by inexperience. Therefore, even if you find yourself in the “I know what I’m doing” camp, you might not have the rest of what it takes to succeed long term.
With trade war a threat, Federal Reserve set to cut rates again
Several factors will influence the Fed’s decisions in the coming months on whether it needs to keep reducing borrowing rates to try to help sustain the U.S. economic expansion now in its 11th year.
Kittle’s Furniture invests in Zionsville online retail startup
Kittle’s Furniture has provided seed funding to accelerate retail startup ParkerGwen.com’s growth, the companies announced Monday.
Heritage Group announces first accelerator class of companies
The 10 chosen companies deal with a diverse range of technologies, including advanced materials, construction, infrastructure, sensors and environmental services, according to Heritage Group officials.