Wall Street tumbles on worries about slower economy and higher inflation
The S&P 500 is down more than 5% this year and is on track for its first losing quarter since September 2023.
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Business leaders see Israeli venture fund as a way to attract startups to Indiana
Representatives of Israel-based Iron Nation, established to support Israeli startups during the country’s ongoing war with Palestinian militant group Hamas, came to Indianapolis as part of a U.S. visit to meet with potential investors.
A 10% drop for stocks is scary, but isn’t that rare
The U.S. stock market has just dropped 10% from its high set last month. Wall Street has a name for such a decline: a “correction.”
Buffett offers Trump advice while celebrating Berkshire Hathaway’s success
After his firm paid $26.8 billion in taxes last year, Warren Buffett told the president to “spend it wisely,” adding, “Take care of the many who, for no fault of their own, get the short straws in life.”
Will Indiana join a wave of states offering new retirement savings option?
According to the U.S. Bureau of Labor Statistics, 30% of private-sector workers do not have access to a defined-contribution retirement plan through their employer.
Apple’s tough January worsens as analysts cut on iPhone sales
Soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.
Corporate earnings growth faces uncertainty amid inflation worries, policy shift impact
Wall Street’s 2025 forecast for more than 12% profit growth relies largely on current conditions continuing to prevail.
Stocks surged in 2024 even as Americans fretted over the economy
The S&P 500 and Nasdaq composite index rose to record highs, as investor enthusiasm for artificial intelligence fueled a massive bull run, and investors cheered the Fed’s shift to lower interest rates.
Wall Street indexes lose ground on final day of huge year
U.S. markets’ stellar run this year has been driven by a growing economy, solid consumer spending and a strong jobs market.
Shareholder group calls for Vera Bradley to consider ‘strategic alternatives’
Fund 1 Investments LLC said Vera Bradley’s board should consider taking the handbag company private or a potential sale, among alternatives.
How the stock market defied expectations again this year, by the numbers
U.S. stocks soared higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. Here’s a look at some of the numbers that defined the year.
AI, IPOs expected to boost venture funding activity in 2025
After a lackluster few years for venture investing activity, observers expect to see improvement in 2025, both nationally and in Indiana.
State retirement oversight board removes BlackRock from portfolio for ESG violations
The board of the Indiana Public Retirement System unanimously voted to replace Black Rock as the provider of global inflation-linked bonds to the system.
Morgan Stanley Smith Barney to pay $15M penalty to settle SEC charges
The penalty was part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of advisory clients’ and brokerage customers’ funds.
IBJ Podcast: Josef Newgarden, Indy 500 champ and avid investor, also races against S&P 500
Newgarden enjoys being a hands-on caretaker of his financial life, including managing his investment portfolio. He says if he weren’t a racer, “I think I’d be an equity trader or some kind of strategist.”
Bitcoin tops $100,000 as big rally sparked by election rolls on
The milestone came just hours after the President-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission.
Q&A with entrepreneur and investor John Thompson: ‘I’m a portfolio guy’
John Thompson is currently invested in a handful of companies, including Metaimpact, MakeMyMove and Scale Computing, all based in Indianapolis, and Spokenote, which is based in Fishers.
Cook Medical invests in California urology-device company
Cook Medical is leading a $24 million investment round to support a medical-device startup developing a minimally invasive treatment for urinary conditions.
High Alpha makes first investment out of new $125M fund
Founded in 2009, Paccurate is a parcel intelligence platform that helps businesses pack their shipments more efficiently, saving up to 15% on transportation costs and reducing their carbon footprints.
Report: Venture funding in state’s tech sector sank in 3Q
While not unusual for venture funding in a third quarter, the latest investments totaled a small fraction of what Indiana tech firms received in both the first and second quarters of this year.