Stocks rise as investors weigh effects of shutdown
Markets on Tuesday weren’t fazed by the the first partial government shutdown in 17 years. Open enrollment for Obamacare exchanges helped WellPoint shares.
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Slower holiday sales growth predicted for 2013
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there’s a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
Four Hoosiers rate among 400 wealthiest in U.S.
The widow of medical device industry pioneer Bill Cook again is the top Hoosier on the latest Forbes 400 list of the nation’s wealthiest people, and this time has cracked the top 100.
Economic growth better than expected in 2nd quarter
U.S. economic growth accelerated in the April-June quarter to a seasonally adjusted annual rate of 1.7 percent. The Bureau of Economic Analysis said the rate released Wednesday was based on incomplete data and would be revised over the next month.
U.S. economy adds 195K jobs; unemployment rate steady
The job growth suggests a stronger economy and makes it more likely the Federal Reserve will slow its bond purchases before year’s end.
Slower U.S. growth might lead Fed to keep up stimulus
The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year. That's the takeaway from economists after the government cut its estimate of growth in the January-March quarter to a 1.8-percent annual rate.
Applications to Indiana law schools wither
Applications to three of the four law schools in the state are in free fall as prospective students think twice about taking on mountains of debt at a time job prospects are dim.
State adds jobs in February at healthy clip
Hiring surged in several sectors of the economy, but the unemployment rate inched higher as more residents started looking for work.
Higher payroll taxes take toll on restaurants
So far, 2013 has been “a roller coaster ride” for Indiana eateries, according the state trade association’s president. Industry observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.
Unemployment falls to 7.7 percent, as U.S. adds 236,000 jobs
Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts. However, more than 130,000 people left the work force in February.
U.S. economy adds jobs, but unemployment rate rises
U.S. employers added 157,000 jobs in January, but the unemployment rate rose to 7.9 percent, up from 7.8 percent in December.
Economist: Quarterly report shows recession is here
Ball State University economist Mike Hicks said the quarterly contraction in the economy only confirms his fears that the United States is already in another recession.
U.S. unemployment rate remains at 7.8 percent
U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff.
Cliff avoided: Congress staves off tax hikes
Past its own New Year's deadline, a weary Congress sent President Barack Obama legislation to avoid a national "fiscal cliff" of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America's divided government to the limit.
Analysis: Ordinary folks are losing interest in stocks
Defying decades of investment history, ordinary Americans spooked by the Great Recession have been selling more stocks than they’ve been buying. The selling has not let up despite unprecedented measures by the Federal Reserve to persuade people to buy and the come-hither allure of a levitating market.
REWIND: IBJ’s top 10 business stories of 2012
The state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's biggest stories.
Holiday retail sales growth weakest since 2008
Shoppers were buffeted this year by a string of events that made them less likely to spend. The numbers also show how Washington’s current budget impasse is trickling down to Main Street and unsettling consumers.
Stocks tumble after GOP cancels ‘fiscal cliff’ vote
House Speaker John Boehner scrapped a vote on his so-called “Plan B” on Thursday night after it became clear that it did not have enough support in the Republican-led House to secure passage.
U.S. economy grew at 3.1 percent in summer
Exports increased, consumers spent more and state and local governments added to growth for the first time in three years. But the economy is likely slowing in the current quarter.
U.S. economy adds 146,000 jobs as unemployment rate slips
The Labor Department’s report Friday offered a mixed picture of the economy. Hiring remained steady during November in the face of looming tax increases. But the jobless rate slipped in part because more people stopped looking for work.