Adviser admits defrauding former Colt of $4.7M
Under the terms of the plea agreement, Kenneth Ray Cleveland of suburban Los Angeles is required to make restitution to former Colt Cory Redding.
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Transaction data suggest bitcoin may be losing popularity
The average number of trades recorded daily has roughly dropped in half from the December highs and touched its lowest in two years last month, even as bitcoin became a household name and roared back to near $11,000.
Powell says outlook strong, signaling gradual rate hikes
Federal Reserve Chairman Jerome Powell told Congress on Tuesday that the outlook for the U.S. economy "remains strong" despite the recent stock market turbulence, keeping the central bank on track to gradually raise interest rates.
Five things to look for when new Fed chair Powell meets Congress
When Jerome Powell testifies to Congress on Tuesday in his first public appearance as chairman of the Federal Reserve, investors will be paying close attention to his every word.
Enron fraudster to speak at investment forum in Carmel
Former Enron CFO Andy Fastow, who was sentenced to six years in prison for his role in the Enron scandal, is expected to tell local financial analysts how the fraud unfolded and what he learned from the experience.
Wisconsin-based startup accelerator plants flag in Indy
Gener8tor, which takes ownership stakes in startups in return for providing intensive guidance, will launch a free program in Indianapolis this spring that will provide coaching for seven weeks to five promising Hoosier companies.
Market’s turmoil could affect Federal Reserve’s rate decisions
The turbulence coursing through markets has raised speculation that Fed officials might decide to slow their pace of rate increases out of fear of upsetting the markets and possibly harming the economy.
Dow plunges 1,032 as market enters correction territory
The Dow Jones industrial average is 10 percent below the record high it set just two weeks ago after another market swoon on Thursday.
Judge orders ex-CEO to pay nearly $850K in Veros Ponzi scheme
A former finance company chief with a history of securities law violations has been ordered to pay almost $850,000 in connection with the sale of shady securities based on farm loans.
Strong year bolsters battered Auer Fund
The Indianapolis-based mutual fund has posted cumulative returns of negative 0.43 percent since 2008. But things turned around in a big way last year, with 2017 returns of 28.75 percent.
UPDATE: Stock market goes on another wild ride
n another stomach-churning day Tuesday, stocks plunged in the morning, then pulled off a late-afternoon rally, ending the day in positive territory and recouping some of the losses from the market's two-day plunge.
U.S. economy fundamentally strong despite stock market plunge
A wave of fear about inflation and higher interest rates helped send stock prices tumbling Friday and Monday. Yet the rush of anxiety has obscured a fundamental fact about the U.S. economy: It's healthy.
After stomach-churning ride, Dow ends session with largest-ever point drop
The Dow Jones industrial average briefly plunged nearly 1,600 points Monday, definitively ending a record-setting period of calm in the U.S. stock market.
Investment pros staying calm after rate fears clobber stocks
Many fund managers and analysts say they’re optimistic stocks can keep rising, even if interest rates continue to climb.
Dow drops more than 500 points as investors fret over higher interest rates
Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month rattled equity investors who haven’t seen a week this bad in two years.
Fed leaves key rate unchanged at Yellen’s final meeting
The Federal Reserve said it expects the steadily strengthening economy to warrant further gradual increases in its benchmark rate.
Fear, respect for Amazon fuels deals, alters corporate strategies across Indiana
More deals could be on the horizon as dozens of companies—including local powerhouses such as Simon, Eli Lilly and Anthem—game out what Amazon’s huge ambitions could mean for their bottom lines.
Mergers, acquisitions off to hottest start since 2000
North American companies, which fell out of favor among acquirers last year, are back on the shopping list in 2018, making up almost 60 percent of all announced transactions in 2018.
Two Hoosier companies pull off IPOs
OrthoPediatrics Corp. raised $52 million on Oct. 12, and Carmel-based Merchants Bancorp raised $115 million on Oct. 27.
Greenwood broker banned for life from trading securities
Regulators say the broker violated industry rules by refusing to cooperate in the investigation of a customer complaint against him.