Fed minutes: Growing risks make rate hike path less clear
Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth.
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Allos Ventures raises $40 million for latest investment fund
The new fund, Allos officials said, will continue the firm’s focus on investments in early-stage business-to-business software and tech-enabled service companies based in the Midwest. Allos has already made its first investment with the fund.
Stocks soar as Powell, hiring numbers reinvigorate market
Stocks skyrocketed Friday after investors got good news on the economy, Federal Reserve policy and trade tensions.
Powell pledges flexible rate policy, won’t quit if Trump asks him
Federal Reserve Chairman Jerome Powell said the central bank can be patient as it assesses risks to a U.S. economy and will adjust policy quickly if needed.
Stocks dive after Apple warns of slowdown in iPhone sales
Stocks tumbled Thursday on Wall Street, with technology companies suffering their worst loss in seven years, after Apple reported that iPhone sales are slumping.
Apple drops iPhone bombshell on already-reeling stock market
Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster.
Big pharma stocks among top performers in 2018
Pharmaceutical giants Merck & Co. and Pfizer Inc. were kings of the Dow Jones industrial index during the year, while Eli Lilly and Co. was among the 20 largest gainers on the S&P 500.
U.S. stocks end dismal, volatile year on bright note
Wall Street closed out a turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade.
Wall Street faces annual losses despite solid gains for week
Wall Street capped a week of volatile trading Friday with an uneven finish and the market's first weekly gain since November.
Wells Fargo pays $575 million to settle state investigations
The settlement includes $5.2 million for Indiana, according to state Attorney General Curtis Hill.
‘Completely bizarre’ stock moves leave traders scratching heads
The S&P 500 index posted its biggest single-session upward reversal since 2010 on Thursday, a day after the gauge capped its largest single-day advance since 2009.
Giant one-day stock rally met with hope, skepticism
One thing’s for sure, for investors who had been almost completely starved of good news all month, Wednesday brought it coursing back in a flurry.
U.S. stocks rebound for record-setting day after dismal Christmas Eve
U.S. stocks surged Wednesday, recovering all their losses from a Christmas Eve plunge. The Dow Jones industrial average and S&P 500 both set single-day records.
J.P. Morgan takes three former advisers who joined competitor to court
J.P. Morgan has won a preliminary injunction against three former employees in its Carmel office, who are accused of taking at least 20 clients with millions of dollars in assets to a competing firm.
Trump rips Fed as economy’s ‘only’ problem; doesn’t mention Powell
President Donald Trump renewed his attacks on the Federal Reserve, commenting publicly on the central bank for the first time following last week’s interest-rate hike and reports he has discussed firing Chairman Jerome Powell.
Carmel, PNC Bank reach agreement on land sale for mixed-use project
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
Investors thrashing bank stocks, despite solid earnings
Investors have turned pessimistic about everything from the inevitability of a U.S. recession to growing international trade disruptions and higher loan defaults.
Fed lifts rates for 4th time this year but sees fewer hikes
The Fed's updated forecast projects just two rate hikes next year, down from three that monetary policy body had predicted in September.
Fed expected to raise rates while Trump presses criticism
The president fired off two tweets this week objecting to a rate hike. In one of them, he called it “incredible” that the Fed would consider raising rates again when “the outside world is blowing up around us.”
After the Fed’s likely rate hike this week, all bets are off
On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, is the Fed itself.