Former Carmel stock broker sentenced to 18 months in prison
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.
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Stocks rise, clinching S&P 500’s best month since 2015
Wall Street got its mojo back in January after finishing 2018 with its worst December since 1931.
Federal Reserve keeps key rate unchanged, pledges to be ‘patient’
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.
Local venture firm invests $2.5M in company that makes food from waste
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.
Matthew Neff: What is the difference between venture capital, private equity?
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.
Hoosier companies see big surge in venture capital investment
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.
Cash rules as stocks, bonds waver
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.
Prosecutors want 6-1/2 year sentence for former Merrill Lynch adviser Thomas Buck
Merrill Lynch terminated Buck in 2015, citing “loss of confidence” in him after 34 years at the firm.
Investment experts: Don’t panic; look for opportunities
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.
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.
KIM: Take this non-forecast for 2019 to the bank
Not only is volatility normal, it is necessary for generating outstanding long-term returns.
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.
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.
‘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.