Fed likely to underscore a message: No rates hikes in 2019
The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year.
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Angel investor network VisionTech fills need for startup funding
Founded in 2014, VisionTech has seen its membership, or investors—as well as the amount invested by those members—swell significantly in the last two years.
Managed-care stocks continue to tumble amid uncertainty in health care
Shares in Indianapolis-based Anthem Inc. and other health insurance stocks were still falling Friday morning amid political turmoil over health care and drug prices.
Battered software firm was unrelenting in quest to find buyer
Software maker Determine Inc.'s investment bankers contacted dozens of prospective suitors as the company racked up millions of dollars in losses and burned through cash.
JPMorgan Chase invests $1M in IPS high-schoolers for work opportunities
More than 2,000 IPS students will take part in work-based learning in high-demand industries through the program.
Investment software maker plans $5.5M HQ in old Sears store
Accutech Systems Corp., a wealth management software provider, said it intends to hire nearly 50 employees for jobs at the new headquarters.
UPDATE: Lyft’s shares soar as investors bet on ride-hailing future
Lyft’s IPO raised more than $2 billion to use in its heated competition with Uber to woo riders. Uber is expected to make an even bigger splash when it completes its IPO later this year.
Federal Reserve cool on interest rate hikes in 2019
The monetary policy body on Wednesday left its key interest rate unchanged and projected no rate hikes in 2019, reflecting a dimmer view of the economy as growth weakens in the United States and abroad.
Pete the Planner coming to IBJ
IBJ has added comedian-turned-money-man Peter Dunn’s Pete the Planner column to its roster, starting March 15, when it will appear in the paper’s print edition and at IBJ.com.
Allos Ventures’ focus, patience pay off reliably for investors
Allos Ventures makes investing in early-stage companies look easy. National data shows it is not.
Tech seed fund relaunching with new management
Three new managing partners are bringing Gravity Ventures back to life and aim to have its new fund deployed within 18 months.
Former powerhouse investment broker Buck sentenced to more than 3 years in prison
The case against the former star Merrill Lynch broker centered on his practice of keeping clients in commission-based accounts even as the securities industry moved toward fee-based accounts, which in many cases were cheaper for clients.
Fed Chairman Powell doesn’t see elevated recession risks
Federal Reserve Chairman Jerome Powell said Tuesday that he doesn’t see signs of an economic downturn on the horizon.
U.S. colleges raise $47B in ninth straight record year
U.S. colleges raised $46.7 billion in the 12 months through June 2018 as the lengthy bull market for stocks helped spur contributions. Two Indiana universities were among the top 20 fundraisers.
Cummins says sales growth to slow after robust 2018
The Columbus-based engine-maker, which saw revenue increase 16 percent last year, expects revenue in 2019 to fall between flat and up 4 percent.
Former Carmel stock broker sentenced to 18 months in prison
Brian Gimelson, 48, pleaded guilty to evading taxes on more than $1.2 million in income related to the multimillion sale of a rare painting.
Stocks rise, clinching S&P 500’s best month since 2015
Wall Street got its mojo back in January after finishing 2018 with its worst December since 1931.
Federal Reserve keeps key rate unchanged, pledges to be ‘patient’
Investors cheered the Fed's message that it foresees no need to raise borrowing rates anytime soon even while the economy remains on firm footing.
Local venture firm invests $2.5M in company that makes food from waste
Renewal Mill is the first announced recipient of funding from HG Ventures, the venture capital arm launched last year by the Indianapolis-based Heritage Group.
Matthew Neff: What is the difference between venture capital, private equity?
Venture capital focuses generally on companies that are either pre-revenue (a company pursuing an idea, concept, product, service, etc., but not yet generating any significant revenue), or not generating enough cash flow to pay most, if not all, expenses.