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.
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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.
Wells Fargo to pay $2.1 billion for role in housing bubble
Wells Fargo is one of the last remaining big banks to settle charges related to its role in the subprime mortgage crisis.
Federal Reserve’s campaign to raise interest rates will help some banks but not all
Experts say variables include what type of loans a bank has on its books, local competition and marketplace demand.
Fed expected to leave rates alone as trade war raises anxiety
The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President Donald Trump that could imperil that growth over time.
Twitter shares plunge in bad week for social media stocks
Twitter’s drop of 18.5 percent Friday morning comes one day after Facebook lost 19 percent of its value.
Facebook’s stock plunges as growth stalls; Zuckerberg loses $16.8B
CEO Mark Zuckerberg’s fortune tumbled Wednesday as Facebook shares fell 20 percent in after-hours trading.
Colleges ask for share of future salary in lieu of loans
In contrast with traditional loans, students with income share agreements pay back a percentage of their salary for a set period of time after graduation.
Kenzie Academy scores $4.2 million, plans to expand school
Butler University is among the group of investors in Kenzie Academy’s college-alternative model, which combines one year of immersive learning with one year of paid work in the company’s tech-consulting subsidiary.
Fed leader bullish on U.S. economy, expects rates to keep rising
In his semi-annual testimony to Congress on Tuesday, Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy.
High Alpha secures more than $100 million for two new funds
Indianapolis-based "venture studio" High Alpha on Monday announced plans to take operations to the next level by adding two funds worth more than $100 million and two new investors with national reputations.
Fed Chair Powell says economy in ‘good place’ at moment
In an interview Thursday, Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the economy, noting that unemployment is at its lowest point in nearly two decades and inflation is rising toward the Fed’s optimal range.
Local technology firm lands $5.5 million in venture capital
PactSafe, an Indianapolis tech firm that offers clients a cloud-based contracting platform, said the infusion of capital will allow it to add up to 20 employees by year’s end.