Q&A: Stocks slide into another market ‘correction’
According to research firm CFRA, this is the first time since World War II that the S&P 500 has had two corrections in the same calendar year.
Banking & Finance
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Worst day of an awful year leaves no corner of market unscathed
One of the toughest years for financial markets in half a century got appreciably worse Tuesday, with simmering weakness across assets boiling over to leave investors with virtually nowhere to hide.
Global markets sink again as tech, retail stocks struggle
Stocks were skidding again Tuesday as weak results from retailers and mounting losses for big technology companies pushed the market back into the red for the year.
Black Friday breathing life back into no-interest auto loans
The share of U.S. vehicle sales financed with zero-percent loans has been shrinking, but several automakers are rolling out no-interest loans for Black Friday.
Turbulent stock market spooks some older workers, retirees
Volatility has sparked concern with some investors, particularly the group that was hit particularly hard during the most recent financial crisis.
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
New consortium to promote, facilitate investments in state ‘opportunity zones’
Investors who want to take advantage of the “opportunity zones" provision created by last year’s federal tax overhaul are about to receive more help in Indiana.
Fed leaves key rate unchanged, but sees further hikes ahead
The Federal Reserve portrayed the economy as robust, with healthy job growth, low unemployment, solid consumer spending and inflation near its 2 percent target.
Fed likely to keep rates on hold, sketch a bright outlook
With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.
BMO Harris hires new Indiana commercial banking executive
BMO Harris has added a former JPMorgan Chase exec to lead its commercial banking efforts in central Indiana and around the state.
Allegion, Heritage among corporations leaping into venture investing
A wave of corporations in central Indiana is creating venture capital arms, pushed partly by the desire to join the technological movement.
Stocks rally again, but finish October with steep losses
Stocks climbed for the second day in a row Wednesday at the end of a brutal month for the global market.
Indianapolis-based Salin Bancshares to be acquired in $135M deal
Salin Bank and Trust Co.—the third-largest privately held bank in Indiana—will take on the name of its acquirer after the deal closes in early 2019.
U.S. stocks surge on solid earnings to break losing streak
The rally wiped out a large part of the market’s plunge from the day before, but stocks are still down sharply over the past three weeks.
Buckle up: Wall Street volatility is back with a vengeance
If you're an investor who was lulled to sleep by the stock market's calm, steady gains this summer, you're wide awake by now.
First Internet sees quarterly growth in profit, loans
The Fishers-based bank reported that the quality of its loans improved even as its loan portfolio grew larger. Much of the growth came from commercial loans.
Think tank Sagamore Institute promotes ‘impact investing’
Commonwealth Indiana aims to create both economic and social returns for investors.
With stock market in freefall, earnings mean almost nothing
A quarter of the way through earnings season and 10 months into what is sure to be the biggest year for profit growth this decade, the numbers are strong. The market doesn’t care.
Scale Computing scores $34.8M round of funding, plans to add 100-plus employees
Scale Computing Inc. has landed one of the biggest rounds of financing in Indiana in recent years and is planning to more than double its workforce over the next two years.
NASDAQ suffers worst day since 2011 amid market rout
Major market indexes had a dismal day Wednesday, especially the tech-heavy NASDAQ.