Carmel-based Tendly LLC, a software platform for senior care and child care providers, has raised $1 million in seed funding from a bevy of local entrepreneurs and tech investors, the firm announced Tuesday.
Stocks closed sharply lower on Wall Street on Tuesday as Google parent Alphabet Inc., Amazon and Caterpillar took heavy losses.
Since October, when the flashy former CEO of AOL drove his Rise of the Rest bus tour to Indianapolis, his company—Revolution—has invested in three local companies.
The second quarter is off to a fast start, a sign that this could be a strong year for raising capital in the state.
The new funding will be invested into sales, marketing and product innovation expansion, company officials said.
U.S. stocks ended the week with a deep selloff on Friday as the White House's latest trade threats against China rattled global financial markets.
Indianapolis-based LDI, which invests in middle-market businesses, is rebuilding its portfolio after losing ownership of Motorsport Aftermarket Group late last year.
U.S. stocks surged back from the biggest weekly rout in two years, with major benchmarks climbing more than 2.7 percent Monday on signs that an escalation of trade tensions was beginning to ease.
Concern is rising that that a trade war and higher borrowing rates could throttle global growth.
U.S. stocks took their biggest tumble in six weeks Thursday as investors reacted to the threat of an escalating trade war with China that has the potential to disrupt global growth.
The Federal Reserve is raising its key interest rate and signaling confidence in the U.S. economy's durability but plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell.
Since its takeoff three years ago, investor High Alpha has grown its stable of studio companies from three to nine.
Facebook shares declined in morning trading, falling 5.5 percent, to $163.08 each. That follows a drop of 6.8 percent Monday that was the company’s largest since March 2014.
The fund, launched by the security-products company Allegion Plc, plans to pursue investments globally. But a spokeswoman said, “Indianapolis' thriving tech industry makes this the perfect time and place to launch the tech-focused fund.”
The Hogsett administration and the City-County Council are weighing whether to kill a little-known organization that has quietly worked the past two decades on the redevelopment of key downtown projects.
Under the terms of the plea agreement, Kenneth Ray Cleveland of suburban Los Angeles is required to make restitution to former Colt Cory Redding.
The average number of trades recorded daily has roughly dropped in half from the December highs and touched its lowest in two years last month, even as bitcoin became a household name and roared back to near $11,000.
Federal Reserve Chairman Jerome Powell told Congress on Tuesday that the outlook for the U.S. economy "remains strong" despite the recent stock market turbulence, keeping the central bank on track to gradually raise interest rates.
When Jerome Powell testifies to Congress on Tuesday in his first public appearance as chairman of the Federal Reserve, investors will be paying close attention to his every word.
Former Enron CFO Andy Fastow, who was sentenced to six years in prison for his role in the Enron scandal, is expected to tell local financial analysts how the fraud unfolded and what he learned from the experience.
