Critics take aim at charitable money sitting in donor funds
Criticism has helped drive a Senate bill that would tighten the rules for donor-advised funds and aim to speed donations to charities.
Investing
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Stocks skid as virus fears shake markets; Dow falls 2.1%
Indianapolis-based shopping mall owner Simon Property Group was among the companies hit hard Monday, with its stock falling 5.9%, to $117.19 per share.
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IBJ Podcast: Do I need a financial adviser? Probably. But how do I pick?
As host Mason King has experienced, figuring out what type of adviser you need and then which one to hire can be tough. So Peter “Pete the Planner” Dunn explains what to look for and how to choose.
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Duke Energy under pressure to break into 3 pieces
Activist investor Paul Singer says the huge utility has been underperforming its peers and argues that Duke’s customers would be better served by locally managed utilities.
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KAR Global invests millions in Israel-based artificial intelligence company
The strategic investment creates a partnership between the two companies that is expected to bring KAR customers a new slate of automated vehicle inspection products.
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Articles
Travel stocks slump over spike in nationwide coronavirus cases
Stocks were down broadly Monday out of concern over rising infections in many countries, and airline and cruise line stocks were hit especially hard.
Fed chairman says inflation, though elevated, will likely moderate
Federal Reserve Chairman Powell reiterated his long-held view that high inflation readings over the past several months have been driven largely by temporary factors.
U.S. consumer prices surged in June by the most since 2008
The pickup in inflation, which has coincided with the economy’s rapid recovery from the pandemic recession, has heightened concerns that the Federal Reserve might feel compelled to begin withdrawing its low-interest rate policies earlier than expected.
Mickey Kim: Stay cool even while inflation fears run hot
The nearly total shutdown of an economy and subsequent reopening is a truly unique event without precedent or a playbook.
Pete the Planner: Your adviser wants a lot of your time? Ask why.
Of course, you want your adviser to know his stuff, but how he communicates those concepts can be the difference between a good relationship and a bad one.
Wall Street closes out its 5th straight quarterly gain
Optimism over the economy’s prospects as coronavirus restrictions continue to lift has sent the market to a series of record highs, including the third straight for the S&P 500.
Delicate task for Fed: When to pull back on low-rate support
With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies. It will be a fraught discussion.
Mickey Kim: Mr. Spock would find ‘SPAC-mania’ totally illogical
Unlike regular companies, SPACs are “shell companies” with no commercial operations at the time of their IPO.
Indy-area tech community still wrestling with diversity, equity, inclusion
Discussion and debate at Friday’s IBJ Tech Power Panel event focused largely on how companies can do a better job recruiting and hiring diverse employees, as well as the ability of diverse entrepreneurs to raise venture and growth capital from a cadre of investors who largely remain white and male.
Treasury secretary suggests Biden plans may require rate hikes, spooking investors
Janet Yellen’s comments reignited fears raised by some economists and business leaders that trillions of dollars in new spending that the government has authorized since March 2020 could lead the Federal Reserve to take steps that cool off the economy.
Mickey Kim: Bond investors face a statement sticker shock in first quarter
This was the worst quarterly performance for the UST market in more than 40 years.
Stocks close broadly higher following big job gains in March
The S&P 500 and Dow Jones industrial average both reached record highs as the economy showed more signs that it’s continuing to recover.
Pete the Planner: Early commitment to saving is essential for retirement
An early commitment to saving is what got the job done here, and now you get to reap the rewards of that decision.
Dow, S&P 500 shake off slow start, reach new highs
Another climb in bond yields helped pull money out of Big Tech companies, which have started to look expensive after months of soaring through the pandemic.
Mickey Kim: ‘Commission-free’ trades a toxic combo for young investors
Protect yourself by always being skeptical of financial advice, particularly the version posted online.
More records for stock indexes as stimulus bill becomes law
The S&P 500, the Dow Jones industrial average and the Russell 2000 measure of small-company stocks all closed at record levels on Thursday.
Wall Street finishes mixed as tech slump offsets other gains
Tech shares tumbled anew on Monday, sending the Nasdaq composite index down 11% from its all-time high, as investors fled high-valuation stocks for companies whose fortunes are closely tied to the economic cycle.
Late-day rebound propels stock market to big gains
Investors were encouraged by a government report that U.S. employers picked up the pace of hiring last month.
Pete the Planner: Don’t use stimulus to create habits you can’t sustain
I’m happy that our familiar manifestations of joy are on the horizon, but my crystal ball (my hairless head) tells me 2022 and 2023 could produce the largest consumer debt burdens of all time.