Lyft’s IPO raised more than $2 billion to use in its heated competition with Uber to woo riders. Uber is expected to make an even bigger splash when it completes its IPO later this year.
The monetary policy body on Wednesday left its key interest rate unchanged and projected no rate hikes in 2019, reflecting a dimmer view of the economy as growth weakens in the United States and abroad.
IBJ has added comedian-turned-money-man Peter Dunn’s Pete the Planner column to its roster, starting March 15, when it will appear in the paper’s print edition and at IBJ.com.
Allos Ventures makes investing in early-stage companies look easy. National data shows it is not.
Three new managing partners are bringing Gravity Ventures back to life and aim to have its new fund deployed within 18 months.
The case against the former star Merrill Lynch broker centered on his practice of keeping clients in commission-based accounts even as the securities industry moved toward fee-based accounts, which in many cases were cheaper for clients.
Federal Reserve Chairman Jerome Powell said Tuesday that he doesn’t see signs of an economic downturn on the horizon.
U.S. colleges raised $46.7 billion in the 12 months through June 2018 as the lengthy bull market for stocks helped spur contributions. Two Indiana universities were among the top 20 fundraisers.
The Columbus-based engine-maker, which saw revenue increase 16 percent last year, expects revenue in 2019 to fall between flat and up 4 percent.
Brian Gimelson, 48, pleaded guilty to evading taxes on more than $1.2 million in income related to the multimillion sale of a rare painting.
Wall Street got its mojo back in January after finishing 2018 with its worst December since 1931.
Investors cheered the Fed's message that it foresees no need to raise borrowing rates anytime soon even while the economy remains on firm footing.
Renewal Mill is the first announced recipient of funding from HG Ventures, the venture capital arm launched last year by the Indianapolis-based Heritage Group.
Venture capital focuses generally on companies that are either pre-revenue (a company pursuing an idea, concept, product, service, etc., but not yet generating any significant revenue), or not generating enough cash flow to pay most, if not all, expenses.
Venture capital raised by Indiana companies more than doubled in 2018 compared with 2017’s total, according to the latest report by PitchBook-NVCA Venture Monitor.
The steady-and-not-so-slow-anymore returns for cash, plus expectations for even more market volatility in 2019, means strategists along Wall Street are seeing cash as a viable investment option for the first time in years.
Merrill Lynch terminated Buck in 2015, citing “loss of confidence” in him after 34 years at the firm.
It’s not clear whether the bull or the bear will prevail in 2019, so financial planners are counseling clients to expect volatility and take advantage of it, if that meets their long-term strategies.
Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth.
Not only is volatility normal, it is necessary for generating outstanding long-term returns.
