Heavyweight venture capitalists headed to local TechPoint event
Forty venture capitalists from 12 states will descend on Indianapolis Sept. 12 and 13 to network and hear pitches from some of the region’s most promising young tech companies.
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U.S. economy slightly stronger in 2nd quarter than first estimated
The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest annual gain in more than a decade.
NASDAQ, S&P 500 close at record highs after new trade deal
Stocks rose on Wall Street on Monday, sending the NASDAQ above 8,000 for the first time, after the White House said it has reached a preliminary agreement with Mexico on replacing NAFTA.
Powell signals more hikes ahead if U.S. economy stays strong
Federal Reserve Chairman Jerome Powell said the Fed recognizes the need to strike a careful balance between its mandates of maximizing employment and keeping price increases stable.
Former office manager gets nearly 5 years in prison for fraud
A bookkeeper who pleaded guilty to defrauding a small Indianapolis-area construction company out of hundreds of thousands of dollars has been sentenced to nearly five years in federal prison.
Fair Finance trustee tries for legal jackpot one last time
Without a big settlement, or a resounding victory at trial, victims in the fraud would be left with an underwhelming recovery—currently 11 cents on the dollar, based on distributions of $18 million in December 2015 and $5 million last October.
U.S. bull market sets mark as longest in history
The current bull run on Wall Street became the longest ever on Wednesday at 3,453 days, beating the bull market of the 1990s that ended in the dot-com collapse in 2000.
Health care exchange-traded fund hits record as pharma soars
A boom in major U.S. pharmaceutical stocks is creating a swarm of activity around an exchange-traded fund tracking major drugmakers like Eli Lilly and Co.
Local sports groups, franchises team up with tech biz-accelerator operator
Local partners will include the Pacers, Colts and NCAA. But state officials declined to specify the contribution from Indiana’s Next Level Fund, a new state-backed venture pool with $250 million to invest.
Bull market in stocks poised to set record for longest ever
It's a record that few would have predicted when stocks struggled to find their footing after a 50 percent plunge during the financial crisis.
Trump asks SEC to study half-year company earnings reports
While some business leaders have groaned about the rigors associated with having to disclose financial figures four times a year, the SEC has been reticent to make any changes.
Stocks march higher on growing hopes for China trade talks
U.S. stocks jumped Thursday as China and the United States said they will hold their first trade discussions in months, a potential sign of progress toward ending their trade war.
Hogsett’s plan to issue debt for road, bridge repairs draws some concern
Mayor Joe Hogsett, in introducing the 2019 city budget Monday night to the Indianapolis City-County Council, presented a plan to issue $120 million worth of debt over the next four years.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
New private equity firm targets smaller deals
Partners in Monument MicroCap Partners LLC include two former Hammond Kennedy Whitney & Co. CEOs and another former HKW partner.
Apple becomes first U.S. company to hit $1 trillion market value
The consumer-technology giant briefly touched the milestone Thursday morning, four decades after the late Steve Jobs co-founded the firm in his parents’ garage in Silicon Valley.
Family-run firm to invest $50M annually via venture arm
Based in Indianapolis, The Heritage Group plans to look for investment opportunities globally but has a strong interest in investing in innovative ventures in its own backyard.
Fed keeps key rate unchanged while signaling future hikes
In a brief policy statement, the Federal Reserve noted a strengthening labor market, economic activity growing at “a strong rate,” and inflation that’s reached the central bank’s target of 2 percent annual gains.
Old National’s Bob Jones to lead banking council
The chairman and CEO of Evansville-based Old National Bancorp, has been named chairman of the American Bankers Association’s American Bankers Council for the 2018-2019 membership year.
Lake City coming downtown; other banks also add branches
Lake City, part of Warsaw-based Lakeland Financial Corp., will open an office this fall at 101 W. Ohio St.