Dow drops 1,000 points as markets extend slide in 2022
Stocks extended their three-week decline on Wall Street and put the benchmark S&P 500 on track to a so-called correction—a drop of 10% or more from its most recent high.
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Private equity firm that focuses on small companies inks 12 deals since 2018 launch
Monument Microcap Partners has also added three partners and two other employees, plus a branch office in the metro Detroit area.
Stocks end 2021 on weak note, but still notch huge yearly gain
The market kept setting new highs all year despite plenty of challenges, including rising inflation, global supply chain disruptions and outbreaks of more contagious variants of the COVID-19 virus.
Mickey Kim: Investors should resolve to ‘KISS’ in 2022
Investors consistently hurt themselves with wrong-footed attempts to “time the market” and by chasing past performance, when they would be far better off to “keep it simple, stupid,” or KISS.
Tech firm Genesys lands $580M in funding
The company, which offers cloud-based software and other products for call-center operators, has a significant presence in Indianapolis but it’s unclear how the recent investment might affect local operations.
Wall Street steadies following last week’s omicron-related slide
The most powerful lift for stocks came from those that have been able to grow strongly almost regardless of the economy’s strength or pandemic’s pall.
Kim: Zillow’s crash reveals danger of algorithms, ‘gamification’ of market
Algorithms are cheap, don’t eat much and never get sick. However, as Zillow can attest, they can also kill you.
Fishers-based Formstack lands record $425M equity investment
The equity investment is by far the largest single capital raise by an Indiana-based technology company in the state’s history, according to Indianapolis-based TechPoint, a not-for-profit that supports the state’s tech industry.
Jalene Hahn: Closing the complex financial gender gap
The Chartered Financial Analyst Institute identifies five distinct financial gaps between men and women: wages, wealth, retirement needs, retail investing and institutional investing.
Disappearing shorts: As stocks soar, skeptics surrender
As the stock market has surged to records, activity has dwindled to a nearly two-decade low for the traders known as short sellers, who make their money betting stocks will fall.
Indianapolis investing group bets big on renewable energy
A blank-check company, or SPAC, plans to close early next year on a merger with California-based Energy Vault that will take the company public and give it a cash infusion of $388 million.
Indianapolis man found guilty of securities fraud
A businessman who was accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings was convicted of conspiracy to commit securities fraud and wire fraud, federal authorities announced Monday.
Emmis makes stock buyback offer, seeking up to 2 million shares
The stock buyback offer, announced Thursday, applies to up to 2 million shares of Class A common stock at $2.60 per share, or more than $1 per share above the closing price of Emmis shares on Thursday.
Fed imposes sweeping new limits on policymakers’ investments
The Federal Reserve announced Thursday that its policymakers and senior staff would be barred from investing in individual stocks and bonds.
Fed watchdog to investigate officials’ financial trades
The Federal Reserve’s Office of the Inspector General will investigate “whether trading activity by certain senior officials was in compliance with both the relevant ethics rules and the law,” the Fed said Monday.
Stocks fall on tech slide, as oil hits highest level since 2014
Investors are increasingly worried about inflation as oil prices rise and companies continue facing supply problems that increase their costs and force them to raise prices.
S&P 500’s drop in September worst since March 2020
After climbing steadily for much of the year, the stock market has become unsettled in recent weeks with the spread of the delta variant, surging long-term bond yields and word that the Federal Reserve may start to unwind its support for the economy.
Stock market has worst day in months as bond yields surge
The benchmark S&P 500 index had its worst drop since May, and the tech-heavy Nasdaq had its worst drop since March.
Local brokerage fined, ordered to pay more than $530,000 in fines and restitution
The alleged violations occurred when the firm operated as David A. Noyes and Co. It was acquired by Sanctuary Wealth in 2018.
Stocks drop the most since May on worries over China, Fed
Worries about debt-engorged Chinese property developers—and the damage they could do to investors worldwide if they default—are rippling across markets.