Indiana unemployment dipped to 3.1% in January
In a snapshot of the state’s workforce from January, private employment grew in the transportation, hospitality, education and health sectors while declining in manufacturing.
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With unprecedented force and speed, a global recession is likely taking hold
Across the country, consumer spending—which supports 70% of the economy—is grinding to a halt as fears of the escalating coronavirus pandemic keep people from stores, restaurants, movie theaters and workplaces.
Pete the Planner launches ‘affordable’ financial advice service
Peter Dunn has launched Hey Money, a financial help subscription service that targets “consumers who don’t yet have the wherewithal to hire a fee-based money adviser.”
After ebullient 2019, Wall Street warns of tepid returns ahead
Over the last decade, years, the S&P 500 returned more than 13% on an annualized basis. A gain less than half of that may be more likely, both for next year and annually for the coming decade.
Markets in 2019: Late surge caps year of soaring investments
A statement on monetary policy in January helped set the tone for a year in which the stock market responded to every downturn with a more sustained upswing.
Carmel names woman fired earlier this year as city’s first controller
Ann Bingman, director of internal controls for the Carmel Clerk-Treasurer’s Office, will become the city’s controller starting Jan. 1. Carmel Mayor Jim Brainard announced the appointment Monday.
IBJ Podcast: Pete the Planner on the five deadly sins of money management
This week, Peter “Pete the Planner” Dunn and host Mason King talk about spotting the emotions like envy, fear and shame that can lead to poor financial decision making.
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.
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.
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.
Ousted CEO of Noyes sues investment firm
Mark Damer of Carmel, 62, filed suit against Noyes last month in Hamilton Superior Court. Damer’s complaint says his termination was in violation of the employment agreement he had signed months earlier, and that, after his termination, Noyes denied him access to records related to the Bayley Investment Group.
Not getting paid on time? You aren’t alone
Accountants say receivables stretched during the recession, and worse, this might be the new normal.