The BMV's pattern of poor performance hardly inspires confidence in its ability to adequately monitor itself.

The pandemic has impacted us in many ways, but despite these challenges, our commitment to our community and you is stronger than ever.

An anonymous reader quotes a report from Bloomberg: Syed Shah usually buys and sells stocks and currencies through his Interactive Brokers account, but he couldn't resist trying his hand at some oil trading on April 20, the day prices plunged below zero for the first time ever. The day trader, working from his house in a Toronto suburb, figured he couldn't lose as he spent $2,400 snapping up crude at $3.30 a barrel, and then 50 cents. Then came what looked like the deal of a lifetime: buying 212 futures contracts on West Texas Intermediate for an astonishing penny each. What he didn't know was oil's first trip into negative pricing had broken Interactive Brokers Group Inc. Its software couldn't cope with that pesky minus sign, even though it was always technically possible -- though this was an outlandish idea before the pandemic -- for the crude market to go upside down. Crude was actually around negative $3.70 a barrel when Shah's screen had it at 1 cent. Interactive Brokers never displayed a subzero price to him as oil kept diving to end the day at minus $37.63 a barrel. At midnight, Shah got the devastating news: he owed Interactive Brokers $9 million. He'd started the day with $77,000 in his account. To be clear, investors who were long those oil contracts had a brutal day, regardless of what brokerage they had their account in. What set Interactive Brokers apart, though, is that its customers were flying blind, unable to see that prices had turned negative, or in other cases locked into their investments and blocked from trading. Compounding the problem, and a big reason why Shah lost an unbelievable amount in a few hours, is that the negative numbers also blew up the model Interactive Brokers used to calculate the amount of margin -- aka collateral -- that customers needed to secure their accounts. "It's a $113 million mistake on our part," said Thomas Peterffy, the chairman and founder of Interactive Brokers, in an interview Wednesday. Customers will be made whole, Peterffy said. "We will rebate from our own funds to our customers who were locked in with a long position during the time the price was negative any losses they suffered below zero."

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Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. Tech Xplore reports: The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter business, to Lime, a company in which it is investing $85 million. Jump had been losing about $60 million a quarter. "While our Rides business has been hit hard by the ongoing pandemic, we have taken quick action to preserve the strength of our balance sheet, focus additional resources on Uber Eats, and prepare us for any recovery scenario," said CEO Dara Khosrowshahi in a statement. "Along with the surge in food delivery, we are encouraged by the early signs we are seeing in markets that are beginning to open back up." On Wednesday, San Francisco-based Uber said it was cutting 3,700 full-time workers, or about 14% of its workforce, as people avoiding contagion either stay indoors or try to limit contact with others. Its main U.S. rival Lyft announced last month it would lay off 982 people, or 17% of its workforce because of plummeting demand. Careem, Uber's subsidiary in the Middle East, cut its workforce by 31%. Uber brought in $3.54 billion in revenue in the first quarter, up 14% from the same time last year. Revenue in its Eats meal delivery business grew 53% as customers shuttered at home opted to order in. Gross bookings grew 8% to $15.8 billion, with 54% growth in the food delivery business and a 3% decline in rides, on a constant currency basis. The report adds that rides were down 80% globally during the month of April. "But rides have been increasing for the past three weeks and bookings in large cities across Georgia and Texas, two states that started re-opening, are up 43% and 50% respectively from their lowest points," the report says.

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IT services provider Cognizant said in an earnings call this week that a ransomware incident that took place last month in April 2020 will negatively impact its Q2 revenue. ZDNet reports: "While we anticipate that the revenue impact related to this issue will be largely resolved by the middle of the quarter, we do anticipate the revenue and corresponding margin impact to be in the range of $50 million to $70 million for the quarter," said Karen McLoughlin, Cognizant Chief Financial Officer in an earnings call yesterday. McLoughlin also expects the incident to incur additional and unforeseen legal, consulting, and other costs associated with the investigation, service restoration, and remediation of the breach. The Cognizant CFO says the company has now fully recovered from the ransomware infection and restored the majority of its services. Speaking on the ransomware attack, Cognizant CEO Brian Humphries said the incident only impacted its internal network, but not customer systems. More precisely, Humphries said the ransomware incident impacted (1) Cognizant's select system supporting employees' work from home setups and (2) the provisioning of laptops that Cognizant was using to support its work from home capabilities during the COVID-19 pandemic. Humphries said staff moved quickly to take down all impacted systems, which impacted Cognizant's billing system for a period of time. Some customer services were taken down as a precaution.

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SpaceX's newest Starship prototype has fired its engine for the first time, potentially paving the way for a test flight in the very near future. Space.com reports: The SN4, the latest test version of SpaceX's Mars-colonizing Starship vehicle, aced a "static fire" Tuesday night (May 5), lighting up its single Raptor engine briefly while remaining on the ground at the company's South Texas facilities. "Starship SN4 passed static fire," SpaceX founder and CEO Elon Musk said via Twitter late on Tuesday. [You can see video of the static fire here.] With the static fire in the rearview mirror, SpaceX can begin prepping the SN4 for its next big moment: an uncrewed test flight, which Musk has said will take the vehicle to a target altitude of about 500 feet (150 meters).

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"Software developers, like everyone else, have had to transition to a work-from-home world," writes InfoWorld. For the users of GitHub, the COVID-19 pandemic has meant changes in work cadence and collaboration, along with an increased risk of burnout, a GitHub study of usage patterns on the Microsoft-owned code sharing site has found." In an "Octoverse spotlight" analysis published May 6, 2020, GitHub compared the first three months of 2020 with the first three months of 2019... GitHub said its analysis shows that developers have been resilient to the change wrought by COVID-19, with activity holding consistent or increasing through the crisis. But their analysis also found: Developers are working longer, by "up to an hour per day," seven days a week. Slightly more pushes, pull requests, reviewed pull requests, and commented issues. More collaboration on open source projects, and less time to merge pull requests into open source projects.

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Boston dominated for most of four quarters but Indiana briefly took the lead in the final minutes behind Victor Oladipo and inspired defensive play.

Despite a rough outing Tuesday night, Brad Stevens and Celtics believe the future is bright for the pride of New Albany.

Romeo Langford reflects on a tough outing Tuesday night and what it was like playing in Indiana again.

Dallas Mavericks owner and IU alum is taken aback to learn the NBA is stopping play in the wake of a player's coronavirus test

Here's what the Big Ten, NCAA and NBA are doing for fans who bought tickets to upcoming games they now cannot attend.

Sabonis has two dance videos out, one in Pacers gear, the other shirtless.

"When we do start back, everybody will be off the same amount of time," McMillan says.

Friday, the Dunking Dutchman took over the Indiana Pacers' Twitter to do a question and answer session with Pacer fans.

This isn't normal, the way we love Larry Bird all these years later, not even for someone as special at sports as Larry Legend.

Joe Young has been playing in China since his time with the Indiana Pacers ended. He is a Houston native

Donnie Walsh has been plopped in the middle of America's most famous infectious disease doctor's basketball claim to fame.

Mike Conley is Tamika Catchings' first-round opponent in the NBA's HORSE event on ESPN; competitors will remain separated

Malcolm Brogdon is healing and more minutes for JaKarr Sampson could get the Pacers out of the first round of the playoffs

Pacers President Kevin Pritchard discusses the health of his team and how they're staying prepared for the season to resume.

The Indiana Pacers would have started the 2020 NBA playoffs this weekend, but these memories will have to do for now.

Indiana Pacers legend always strived to be on Michael Jordan's level; not quite getting there still eats at Reggie Miller

The punching bag in The Last Dance documentary about the final season of the champion Bulls is GM Jerry Krause, who got his start from Slick Leonard.

Turner: 'It was a rough path for a couple of weeks'

Pacers Gaming kicks off NBA 2K League season on ESPN2

'Last Dance' brings back memories of tough 90's NBA for Pacers coach Nate McMillan

Mike Storen, the Pacers' first general manager, former ABA commissioner and the father of ESPN broadcaster Hannah Storm, died Thursday. He was 84.

Italian beef and Chicago-style hot dogs are now being sold near Ronald Reagan Parkway and U.S. 36.

This mashed potatoes recipe and tips will ensure that you don't screw it up. Oh, and there's gravy too.

IndyStar's Liz Biro demonstrates how to turn a Thin Mint Girl Scout cookie into a straw to drink milk, beer or bourbon.

The iconic restaurant still conjures up fond memories of the food and the cruising.

The owner of FoxGardin in Fortville transformed himself into Joe Exotic to help his workers.

If your schedule is wide open, consider sourdough. Zionsville baker Cathy Richardson shares her tips for making crusty, tangy loaves.

Whether it's out of necessity, to pass time or to calm nerves, bread baking is a hot topic during coronavirus pandemic

The Netflix series "Self Made: Inspired by the Life of Madam C.J. Walker" was produced in Ontario, Canada. But it references Indianapolis locations.

Tucked into his porch, musician Tim Brickley sang classics for a tiny group of neighbors and passersby as relief from home isolation.

Empty seats. Silent screens. How Franklin's Artcraft Theater is weathering the pandemic.

Several Indianapolis-area restaurants are offering brunch deals and takeout specials to help mom relax and stay out of the kitchen on Mother's Day.

Restaurant owners are discussing what could change after coronavirus restrictions lift in Indiana. Here are some changes that could be on the way.

After coronavirus restrictions are lifted, Indianapolis bars and breweries will face challenges in terms of short-term staffing and long-term survival

As a fundraiser for Feeding America, the cast of "Parks and Recreation" shot a special episode during the coronavirus pandemic. It will air April 30.

You can see this art in person while you social distance. The Harrison Center will send colorful "smoke" from its historic chimney for the first time.

Two Indianapolis restaurants have announced they will permanently close.

Indianapolis rapper Tevin Studdard celebrates the return of Long's Bakery with "Long's Bakery Music Video," a tribute to glazed yeast doughnuts.

Sign up for IndyStar's Things To Do newsletter. "The IndianapoList" gives you new ways to explore your city and the quirky stories behind it.

These restaurants are turning Indiana's ban on dining in restaurants to their favor by throwing back to olden days with drive-up service.

As The Children's Museum, Newfields and others wait for the OK to reopen, they are strategizing how to keep visitors safe from the coronavirus spread.

The sports bar and restaurant owned by former Colts football player and Super Bowl champion Gary Brackett is closing.

Sample Indy's best burgers, crush a bunch of ice cream and load up on discounts at restaurants.