Data from the Federal Reserve Bank of St. Louis showed that households and nonprofits were investing about 45.4% of their assets in corporate equities as of the second quarter of 2025—the highest exposure to stocks ever.
Experts warn that Indiana’s cities, towns and counties could take a hit to their credit rating through no fault of their own, but rather due to continued fallout from the state’s effort to curb property tax growth.
The increases in the Commerce Department’s personal consumption expenditures, or PCE, price index were what forecasters had expected.
The combined company is expected to continue to do business under the First Merchants Bank brand and would have combined assets of $21 billion.
Jerome Powell’s approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
Mortgage rates have been mostly declining since late July amid expectations that Federal Reserve would cut rates for the first time since last year.
The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. The central bank’s focus has shifted quickly from inflation to jobs, as hiring has ground nearly to a halt in recent months
The government estimates the move will save millions of dollars a year because electronic payments are much more cost-efficient.
At this week’s Federal Reserve meeting, the decision it will make on interest rates—usually the main event—is just one of the key unknowns to be resolved when officials gather Tuesday and Wednesday.
The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
First Internet has never sold off such a large pool of loans in a single transaction, according to Chief Operating Officer Nicole Lorch.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
Klarna sold 34.3 million shares to investors at $40 a share late Tuesday. That’s above the forecasted range of $35 to $37 a share and values the company at more than $15 billion.
PNC has been on an acquisition streak in the last few years to make the bank one of the biggest players in retail banking in the country.
PNC Chief Economist Gus Faucher said business owners nationally and in the Indianapolis area are optimistic about their prospects despite ongoing concerns about inflation and possible recession.
Just 14 states have top marks from the trio of major credit-rating agencies: S&P Global Ratings, Moody’s Investors Service and Fitch Ratings.
The case could become a turning point for the 112-year old Federal Reserve, which was designed by Congress to be insulated from day-to-day political influence.
President Trump said in a letter posted on his Truth Social platform that he is removing Cook effective immediately because of allegations that she committed mortgage fraud.
Six-year loans, at one time considered the upper end of the range, are now the most common, accounting for 36.1% of loans in the second quarter.
