Data providers to combine in $44B deal, biggest acquisition of year
New York City-based S&P Global announced that it would acquire IHS Markit, based in London, in an all-stock deal.
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Anthem shares surge as stock market tries to claw back from recent losses
Health care stocks led the market’s spurt Wednesday after a strong performance by Joe Biden on Super Tuesday. Among the biggest gainers was Indianapolis-based health insurer Anthem Inc., with a stock surge of 13.4%.
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Lawyers tangle as high-stakes Fair Finance suit nears trial
A federal judge in northern Ohio has set aside three weeks for the jury trial, which begins Feb. 24 and pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
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Colleges find big benefits in connecting investors with startups
Colleges nationwide are launching angel networks that connect business executives and investors with entrepreneurs and startups with ties to the school.
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Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
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Dow closes above 30,000 for first time, S&P 500 jumps to record
Trading volumes have been elevated in what is normally a calm week. More than 12 billion shares changed hands on Monday, up 75% from the Monday before last year’s holiday.
DoorDash, Wish, Affirm join Airbnb to fuel year-end IPO boom
Initial Public Offering advisers are expecting to see a record amount of listing activity during the period between the U.S. Thanksgiving and Christmas holidays.
Wall Street rallies again as election-week gains continue
The S&P 500 rose 1.9%, its fourth straight gain of more than 1%, and is now up 7.4% for the week. That would be its best week since the market was exploding out of the crater created in February and March by panic about the coronavirus pandemic.
Stocks tick up as Wall Street waits for pandemic aid from Washington
Big swings have become typical recently, as investors handicap the chances of a deal on Capitol Hill to send more cash to Americans, restore jobless benefits for laid-off workers and deliver assistance to airlines and other industries.
JPMorgan Chase to pay $920 million in illegal trading settlement
The settlement, the largest ever imposed for this type of fraudulent activity, known as spoofing, resolves investigations by the Justice Department, the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Locally based Novus Capital to combine with Kentucky ag-tech firm
Novus and AppHarvest, a developer of large-scale and high-tech indoor farms, announced a deal on Tuesday will result in AppHarvest becoming a public company.
Wall Street climbs for third straight session with widespread gains
Big Tech stocks did the heaviest lifting. And several companies announced big mergers and acquisitions, which helped to push markets higher.
Wall Street steadies itself, halting four-day losing streak
Tuesday’s market rebound has been the exception this month. Wall Street has suddenly lost momentum in September following months of powerful gains that returned the S&P 500 to a record.
Despite rally, most state stocks still down in 2020
Even though the S&P 500 is near a record high, just 15 of 55 Indiana public companies tracked by IBJ are up for the year.
Dow Jones industrial average undergoing makeover
The Dow Jones industrial average, which tracks 30 large, publicly traded companies, is replacing three of the stocks.
How can Wall Street be so healthy when Main Street isn’t?
An amazing, monthslong rally has put the S&P 500 back to where it was before the pandemic, even though millions of workers are still unemployed and businesses continue to close across the country.
Stocks rally worldwide, S&P 500 back to within 3% of record
Gains for tech stocks, particularly Microsoft and Apple, pushed the Nasdaq composite up 1.5%, to another record.
More twists, turns in CNO’s surreal hedge fund odyssey
The Carmel-based insurer for years has been managing the fallout of a deal it cut in 2013 that was supposed to reduce risk but instead blew up in spectacular fashion.
PETE THE PLANNER: Milestones are points on your financial journey, not destinations
Debt elimination is a beautiful thing. From paying off student loans to making your last mortgage payment, getting rid of monthly debt obligations is undoubtedly an accomplishment worth acknowledging and celebrating.
S&P 500 has biggest loss in nearly 4 weeks as tech stumbles
The stock market was dragged down by a report showing layoffs are picking up across the country along with coronavirus counts.
Tech drives stocks to new heights on Wall Street after choppy start
The rally, which gained strength in the final hour of trading, nudged the benchmark S&P 500 index to a slight gain for the year and drove the Nasdaq composite to an all-time high.
Nasdaq hits record as U.S. stocks join global rally
The S&P 500 index posted its fifth straight increase, its longest winning streak since December, as Amazon.com Inc. shares rose past $3,000 for the first time.
Stocks rally on better-than-expected economic data
U.S. companies are providing reason for hope that an earnings recession may be less severe than some analysts expect.
Dow tumbles 730 points as COVID-19 cases rebound in several states
Stocks closed sharply lower on Wall Street on Friday as the number of confirmed new coronavirus cases in the United States hit an all-time high, stoking worries that the reopening of businesses investors have been banking on to revive the economy will be derailed.