Many of Indiana’s 54 public companies have withdrawn their earnings guidance for the year, even as executives emphasize their belief that they are positioned well for the long term.
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%.Read More
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.Read More
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.Read More
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 […]Read More
Oil surged more than 30% immediately after President Donald Trump said he expects Saudi Arabia and Russia to back away from their price war.
The surge of coronavirus cases around the world has sent markets to breathtaking drops since mid-February, undercutting what had been a good start to the year.
A dismal unemployment report failed to pop Wall Street’s buoyant mood on Thursday, with stocks running to their third straight day of gains following the federal government’s pledge to shower trillions of dollars on U.S. citizens and commerce.
The S&P 500 was up 4.6%, continuing a rally that has vaulted the index 16% higher since Monday on rising expectations that Congress will soon approve an unprecedented rescue package for the economy.
Stocks closed higher Wednesday, but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed.
Since the start of 2020, Simon shares have lost 67.7% of their value—chopping $31 billion off the company’s market capitalization.
U.S. markets remain testy as the Dow Jones industrial average Thursday extended its streak of 1,000-point swings to nine sessions.
Stocks sank more than 5% on Wall Street Wednesday, and the Dow erased virtually all its gains since President Donald Trump’s 2017 inauguration.
Markets around the world remain highly volatile as traders see a recession growing more likely and large sections of the economy come closer to shutting down due to the coronavirus outbreak.
Even for a market beset by volatility in recent weeks, the losses were staggering. The 12.9% drop in the Dow was its worst since 1987. The S&P 500 and the NASDAQ also dropped 12%.
The selling began immediately on Wall Street, and losses were sharp enough at the open to trigger a temporary trading halt for the third time in the last two weeks.
IBJ Podcast: Pete the Planner talks about the virus, the impact on the economy and what to think about your portfolio
Peter Dunn talks with podcast host Mason King about what people can do to prepare for what he believes will soon be a recession. The goal, he said, is to “get lean.”
Stocks are set for more turbulence following a dizzying week that saw the Dow twice fall by more than 2,000 points and also record it’s biggest point gain ever—1,985 points on Friday.
The bull officially ran from March 9, 2009, until Feb. 19, 2020, when it began the 26.7% dive that as of Thursday has taken it into bear market territory.
The coronavirus crisis sent stocks into another alarming slide on Wall Street on Thursday, triggering a brief, automatic shutdown in trading for the second time this week.
The losses accelerated after health authorities declared the outbreak a pandemic, and brought the U.S. stock market to the end of one of its greatest-ever runs.
Stocks fell from the opening of trading in New York, including a 3.7% loss for the S&P 500. The losses deepened as the day progressed, and the Dow Jones industrial average was down more than 1,000 points in the early afternoon.
The verdict was a huge setback for the 5,200 mom-and-pop Ohio investors who lost more than $200 million in a Ponzi scheme engineered by Indianapolis businessman Tim Durham.