City Chicago Financial News

Many Americans still aren’t sold on going electric for their next car purchase

Chicago isn’t a beacon for free markets these days, but the city has been home to some of the visionaries of today’s financial system. The Chicago History Museum this month is saluting one of those creators, 92-year-old Leo Melamed, whose journey is a reminder of an era when financial innovation changed the world for the better. Mr.

Focus Financial partner firm Institutional and Family Asset Management, LLC, is to join Kovitz Investment Group Partners in a deal which will create a wealth management powerhouse managing around $16 billion.

Bitcoin (BTC) continued its upward momentum, reaching around $67,900. The Federal Reserve’s preferred inflation measure, the Core PCE Price Index, increased by 0.2% month-over-month in April, aligning with expectations but slightly below the previous month’s 0.3% rise. This modest increase may ease some inflation concerns for the Fed, but consistent readings are necessary to support a potential rate cut by September.

mother of Michelle Obama who moved with the first family to the White House when son-in-law Barack Obama was elected president, has died.

Grant Thornton became the largest accounting firm to sell a piece of itself to a private-equity investor on Friday, giving it more financial firepower to make acquisitions and investments—and, potentially, a new client in its owners. The firm’s Chicago-based U.S. unit closed the sale of a stake to a group led by to New Mountain Capital on Friday, following an agreement in March.

In A Violent Nature. This Canadian horror movie, which garnered attention at the 2024 Sundance Film Festival, is set to terrorize audiences as it hits theaters this week. Here’s everything you need to know about where and how you can watch In A Violent Nature.

McDonald’s is fighting back against media reports it says have exaggerated its price increases

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, «false, baseless and defamatory.» Chanos gave the statement to CNBC's Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, filed the suit in New York State court over the weekend, alleging that Chanos used his firm as a «piggy bank» with $10 million of outstanding loans that he borrowed from his company over more than a decade. The suit was originally reported by Bloomberg News.

economic policy trajectory whether Prime Minister Narendra Modi wins a third term in office or not, former central bank Governor Raghuram Rajan said. “There is a lot of continuity built into Indian policy," Rajan said in an interview Tuesday with Bloomberg TV’s David Ingles.

Tata Motors, the impact of commodity prices, sourcing, semiconductor costs and navigating the maze of sanctions was a challenge for each, except that one entity clearly benefited and made the most like no other - the airline.Also Read: Air India passenger receives broken seat despite paying extra ₹1,000; airline issues apologyAccording to data shared by Cirium, an aviation analytics company, exclusively for this article, there has been an increase of just four frequencies between India and the United States in May 2024, as compared to February 2020, the last month of operations before the COVID-induced lockdown. However, a granular look at the data shows that the American carriers have reduced frequency by 21 weekly flights while Air India has added new flights.

JPMorgan Chase & Co. is on the hunt to buy a private credit firm to augment its $3.6 trillion asset management arm, as the biggest US bank makes more inroads into Wall Street’s buzziest sector.

The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack brands, for obstructing sales of its products between EU member states

The MacArthur Foundation will let loose another $100 million to a single project in the third installation of its global 100&Change competition, which for the first time requires applicants to address diversity, equity, and inclusion issues, the founda...

CBS series 'FBI' has always been known for its intense scenes which have earned it immense success since the premiere of season one. To make things more interesting, Mike Weiss has taken over as the new executive producer and showrunner of the hit TV series' seventh season.

VanEck’s spot Ether exchange-traded fund (ETF) has now been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.”

Caitlin Clark has signed a multiyear deal with Wilson Sporting Goods for a signature basketball line

Fairport Wealth is bidding a fond farewell to a respected veteran of the wealth industry, who’ll soon be retiring from the Ohio-based RIA’s leadership.

The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts

Surprising flavor combinations – think gravy-flavored Jones Soda or Sour Patch Kids Oreos — are showing up more frequently in grocery stores and restaurants