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.
Stronger-than-expected profit reports from several big U.S. companies helped drive the market.
U.S. stock markets plummeted Monday, with two major indexes racking up their worst day of trading in almost two years.
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Several online brokerage firms appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.
Worries are rising the Federal Reserve might have kept its main interest rate at a two-decade high for too long.
Comptroller Elise Nieshalla and Treasurer Daniel Elliott praised the pension system’s “speedy action” following 2023 legislation requiring divestment.
According to TechPoint’s second-quarter Indiana Tech Venture Report, last quarter’s deal value rose to more than $216 million, towering over the $47 million posted in the second quarter of 2023.
Indiana last year became the first to enact a law requiring the state’s public pension system to gradually divest from certain Chinese companies.
Unlike other record-setting days, Tuesday’s came after a widespread rally where nearly nine out of every 10 stocks in the S&P 500 rose, instead of just the handful of influential Big Tech stocks.
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
The Indiana State Treasurer’s Office is evaluating about 10 to 15 asset investment managers for possibly oversteppping a new anti-ESG law, which bars the state’s pension board from making investments with the purpose of “influencing any social or environmental policy” for nonfinancial purposes.
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
Indiana passed a law in 2023 directing the Indiana Public Retirement System board to refrain from making investments aimed at environmental, social, and governance issues.
Former insurance broker Brian Simms perpetrated the fraud through his company, Brendanwood Financial Brokerage LLC in Carmel.
A Mooresville investor is alleging that Carmel-based retirement planning firm ReJoyce Financial LLC and CEO Alexander Joyce misappropriated more than $200,000 that she had deposited with the firm to invest on her behalf.
Fund IV marks some shifts in Indianapolis-based High Alpha’s operating strategy—notably, it plans to launch fewer companies per year than it traditionally has in the past, and it has cut its staff nearly in half.
Stocks have continued to hold up despite the worst inflation in decades, the punishing effects of high interest rates and worries about a recession that seemed inevitable but hasn’t arrived.
More worries about inflation and interest rates staying high knocked U.S. stocks lower on Tuesday, as the market closed out its worst month since September.
Neurava Inc.’s owners are developing a device aimed at mitigating the risk of sudden unexpected death in epilepsy, a mysterious condition that takes an estimated 3,000 lives a year in the United States.
