Apple’s tough January worsens as analysts cut on iPhone sales
Soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.
Investing
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IBJ Podcast: Josef Newgarden, Indy 500 champ and avid investor, also races against S&P 500
Newgarden enjoys being a hands-on caretaker of his financial life, including managing his investment portfolio. He says if he weren’t a racer, “I think I’d be an equity trader or some kind of strategist.”
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360 Market Square owner seeks additional investors in tower
360 Market Square is among downtown’s most expensive apartment properties, with an average rent of $2,365 per month.
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West Fork Whiskey lands funding to increase production, add facilities
West Fork this week announced a new partnership with Ouabache Investments that involves up to $18 million in capital.
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Noble Roman’s faces investor lawsuit in ongoing proxy war
Indianapolis-based Noble Roman’s Inc., which is battling one of its biggest shareholders over whether to replace CEO Scott Mobley on the restaurant company’s board of directors, is now facing a lawsuit from that shareholder over the same issue.
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Articles
Corporate earnings growth faces uncertainty amid inflation worries, policy shift impact
Wall Street’s 2025 forecast for more than 12% profit growth relies largely on current conditions continuing to prevail.
Stocks surged in 2024 even as Americans fretted over the economy
The S&P 500 and Nasdaq composite index rose to record highs, as investor enthusiasm for artificial intelligence fueled a massive bull run, and investors cheered the Fed’s shift to lower interest rates.
Wall Street indexes lose ground on final day of huge year
U.S. markets’ stellar run this year has been driven by a growing economy, solid consumer spending and a strong jobs market.
Shareholder group calls for Vera Bradley to consider ‘strategic alternatives’
Fund 1 Investments LLC said Vera Bradley’s board should consider taking the handbag company private or a potential sale, among alternatives.
How the stock market defied expectations again this year, by the numbers
U.S. stocks soared higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. Here’s a look at some of the numbers that defined the year.
AI, IPOs expected to boost venture funding activity in 2025
After a lackluster few years for venture investing activity, observers expect to see improvement in 2025, both nationally and in Indiana.
State retirement oversight board removes BlackRock from portfolio for ESG violations
The board of the Indiana Public Retirement System unanimously voted to replace Black Rock as the provider of global inflation-linked bonds to the system.
Morgan Stanley Smith Barney to pay $15M penalty to settle SEC charges
The penalty was part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advisory clients’ and brokerage customers’ funds.
Bitcoin tops $100,000 as big rally sparked by election rolls on
The milestone came just hours after the President-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission.
Q&A with entrepreneur and investor John Thompson: ‘I’m a portfolio guy’
John Thompson is currently invested in a handful of companies, including Metaimpact, MakeMyMove and Scale Computing, all based in Indianapolis, and Spokenote, which is based in Fishers.
Cook Medical invests in California urology-device company
Cook Medical is leading a $24 million investment round to support a medical-device startup developing a minimally invasive treatment for urinary conditions.
High Alpha makes first investment out of new $125M fund
Founded in 2009, Paccurate is a parcel intelligence platform that helps businesses pack their shipments more efficiently, saving up to 15% on transportation costs and reducing their carbon footprints.
Report: Venture funding in state’s tech sector sank in 3Q
While not unusual for venture funding in a third quarter, the latest investments totaled a small fraction of what Indiana tech firms received in both the first and second quarters of this year.
Carmel-based investment firm closes on $250M fund
CID Capital recently closed on its fourth investment fund, which brought in $250 million—significantly more than the $200 million the firm had been targeting.
State divests from two investment funds over ESG, China connections
The Indiana Deferred Compensation Committee voted to eliminate public retirement assets from the funds as part of the state’s effort to divest from Chinese entities and funds prioritizing environmental, social and governance practices.
Indiana secretary of state targets BlackRock for alleged fraud over ESG funds
Indiana Secretary of State Diego Morales sent a cease and desist letter on Thursday, accusing BlackRock of making “false and misleading statements” about the asset management firm’s environmental, social or governance (ESG) funds.
Price of gold reaches record high. Here’s why.
Interest in buying gold often comes at times of uncertainty—with potential concerns about inflation and the strength of the U.S. dollar, for example, causing some to look for alternative places to park their money.
Indianapolis-based financial wellness firm lands $4.5M venture investment
Local financial planning guru Peter “Pete the Planner” Dunn said the funding will help his company accelerate the development of an artificial-intelligence powered tool that will offer customized financial coaching.
Wall Street rallies to its best day since 2022 on encouraging unemployment data
Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week.