Business
Logan Energy: Earnings Surprise
Business
(VIDEO) Trump Approves Emergency Declaration As Historic Indiana Flooding Kills At Least Five People
INDIANAPOLIS — President Donald Trump approved a federal emergency declaration for Indiana on Saturday as historic flooding tied to the White River killed at least five people, forced hundreds of evacuations across the Indianapolis area, and pushed river levels to heights not seen in more than a century.
FEMA announced just before 8:30 p.m. Saturday that federal disaster assistance would be available to Indiana following Trump’s approval, a move Gov. Mike Braun had formally requested a day earlier. The declaration allows the Federal Emergency Management Agency to cover 75% of eligible emergency response costs, including rescue operations and emergency sheltering, across 53 Indiana counties, though it stops short of a full disaster declaration.
Braun said he spoke with Trump shortly before announcing the news at a press conference. “I spoke with President Trump today about the severe storms and historic flooding impacting Indiana,” Braun said, crediting the coordinated push from state officeholders and members of Congress with helping expedite a process that typically takes four to five days.
The flooding stemmed from days of heavy rainfall, compounded by a likely derecho that struck the state August 11. The National Weather Service reported more than 11 inches of rain fell over a two-day period in parts of central Indiana, sending the White River to record levels as the water moved downstream toward Indianapolis. In Noblesville, the river crested overnight at 24.6 feet, surpassing a previous record of 23.8 feet set in March 1913. Indianapolis Mayor Joe Hogsett described the flooding as the city’s worst in more than 30 years.
Indiana Department of Homeland Security executive director Jonathan Whitham said the scale of the event ranked among the most severe the state has faced in recent memory. “This is a historic event for Indiana,” Whitham said, adding that he expects tens of millions of dollars in property and infrastructure damage, calling the estimate a conservative “low ballpark” figure.
At least five deaths have been confirmed by state officials as tied to the storms and flooding, though authorities said they continue investigating whether additional deaths may be connected to the storm system. Among those who died was Matthew Morey, a 19-year-old Delta High School graduate headed to Purdue University, whose body was recovered from the Mississinewa River in Delaware County three days after he and three friends jumped off a bridge into the water. Jeff Stanley, chief deputy of the Delaware County Sheriff’s Department, addressed the loss directly. “Our hearts are with Matthew’s family, friends, classmates, and everyone who knew and loved him,” Stanley said, adding that investigators had committed to searching until his family had answers.
A second Delaware County resident, 59-year-old Stephanie Sallee, was also found dead after officials said her car was swept away by floodwaters while she was driving through a rain-swollen area.
In Indianapolis, the White River’s rise triggered evacuations across several neighborhoods, including Rocky Ripple, Ravenswood and Broad Ripple. City officials said roughly 400 people had been evacuated from Ravenswood alone, in addition to those evacuated from Broad Ripple the previous night, while emergency crews conducted dozens of water rescues using boats. The Department of Public Works closed floodgates overnight around the Indianapolis Arts Center, the Edgewater Apartments, and other properties along the river’s south bank, and later moved to close the 53rd Street bridge in Rocky Ripple, prompting the town to post an urgent warning telling residents it was their “last way out.”
Public Works Director Todd Wilson urged continued caution even as officials tracked the river’s crest. “The water is still rising and will be rising all day long,” Wilson said. “Heed the warnings.”
In Carmel, north of Indianapolis, roughly 40 residents were evacuated, including residents of the Bickford of Carmel assisted living facility, who were relocated to other care facilities and a local church. Sinkholes also forced the closure of a stretch of Hazel Dell Parkway in Carmel after the ground gave way near Blue Woods Creek.
Beyond the immediate flooding response, authorities in Wayne County warned residents to remain alert for scammers posing as FEMA representatives going door to door. Indiana Attorney General Todd Rokita urged residents to verify credentials of anyone claiming to offer flood relief, avoid wire transfers, and insist on written agreements, noting that FEMA never charges application fees.
Braun pointed to the state’s $1.14 billion rainy day fund as a key resource supporting Indiana’s response, while acknowledging that increasingly extreme weather could reshape how the state approaches disaster preparedness going forward, drawing a comparison to hurricane-prone Florida’s approach to insurance and readiness. Indiana has recorded 81 confirmed tornadoes so far in 2026, and Whitham said the scale of this summer’s flood damage could rival or exceed costs from the state’s last major flooding event, in June 2008.
With water levels beginning to recede in some areas Saturday evening even as new rain moved through parts of northern Indiana, officials cautioned that the danger was not yet over, warning that flash flooding remained possible in low-lying areas even after the White River’s crest had passed.
Business
German investment in the U.S. drops to three-year low amid policy uncertainty

German investment in the U.S. drops to three-year low amid policy uncertainty
Business
National CineMedia Diversifies Away From Cinema With Transformative Acquisition
I am a self-educated deep value investor. I mostly focus on US small caps as I believe most of the value opportunities can be found there in the current market. I love to look at beaten-down or underfollowed stocks searching for mean reversion opportunities. I look for classic deep value situations based on undervalued assets, in line with the classic net net investing of Benjamin Graham or the deep book value discounts of Walter Schloss. I also like Mohnish Pabrai’s out-of-the box thinking regarding cheap assets. I am also looking for companies facing temporary problems that are executing successful turnarounds. I am a big believer of the counterintuitive thesis that some of the best investment returns can be achieved not by popular high-fliers, but when a company’s situation improves from “really bad” to “average”. I started investing in the years leading up to the pandemic, so I have experienced both mild bear markets and raging bull markets during my investing journey. Unsurprisingly, I tend to find more opportunities in down markets.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
9 penny stocks surge up to 325% in 2026 so far; 3 turn multibaggers. Did you own any?
9 penny stocks surge up to 325% in 2026 so far; 3 turn multibaggers. Did you own any?
Business
Equitable Holdings director Charles Stonehill sells $386k in shares

Equitable Holdings director Charles Stonehill sells $386k in shares
Business
Ameriprise EVP Deirdre McGraw sells $1.34 million in stock

Ameriprise EVP Deirdre McGraw sells $1.34 million in stock
Business
Msa Safety chairman Nishan Vartanian sells $3.88m in shares

Msa Safety chairman Nishan Vartanian sells $3.88m in shares
Business
German companies cut US investment to three-year low, data show

German companies cut US investment to three-year low, data show
Business
Xunlei Limited: What Needs To Happen If The Stock Is To Get Going (NASDAQ:XNET)
Welcome to my author’s site. As an avid follower of SeekingAlpha, I take great interest in articles posted as the subject matter is often something that appeals to me. However, I will sometimes encounter an article that I might not agree with. My purpose is to present an alternative view to readers that they may want to take into account. I hope you find my articles interesting and informative.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of XNET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
UMH Properties and 4 More Stocks See Action From Activist Investors
UMH Properties and 4 More Stocks See Action From Activist Investors
-
Fashion2 days agoWeekend Open Thread: Ann Taylor
-
Business7 days agoDatadog: Best Of Breed For Multiple Reasons
-
NewsBeat4 days agoCommunication cards help banking customers access services or report scams
-
Business5 days agoOil Price Today (August 11): Crude oil rises to $88 after Trump’s compensation demand dents Hormuz opening. Here’s why
-
Crypto World5 days agoRevolut wins French banking licence, creates second EU banking hub
-
Fashion7 days agoAmazon Sundays: Closet Care Before Fall
-
Crypto World5 days agoWhy Did Nvidia Stock Fall on Monday Despite a $500 Billion Wall Street AI Deal?
-
Business7 days ago5 Things You Must Know About Jorge Messi, the Father and Longtime Agent Who Shaped Lionel Messi’s Career
-
Politics6 days agoBen-Gvir’s crocodile project halted but abuses at Ketziot Prison continue
-
Politics7 days agoThe Church of England’s ruinous reparations racket
-
Politics6 days agoSaudi Arabia used 86% of missile stockpile defending Iran attacks
-
Politics20 hours agoSEQ Code: The Three Letter Boarding Pass Code That Could Give You The Worst Seat
-
NewsBeat1 day agoMyanmar says over 300,000 Rohingya refugees verified for repatriation as exodus enters ninth year
-
Politics7 days agoWhat’s An EDT? The Rise Of ‘Extreme Day Trips’ As A Travel Trend
-
Fashion6 days agoCan You Wear Double Cloth Gauze Clothing To Your Office?
-
Crypto World7 days agoCrypto Made a $9.6 Billion Record, But It’s Hiding a Crucial Truth
-
Crypto World7 days agoUSDC and USDT Now Own 84% of Crypto Card Spend as the Euro Retreats
-
Business7 days agoZevia: The Fanbase Nobody Can Find
-
Crypto World7 days agoIs Clarity's delay a blessing in disguise?: State of Crypto
-
Crypto World6 days agoKraken Delisting Deadline Nears: Holders of 21 Tokens Risk Near-Zero Payouts

You must be logged in to post a comment Login