City Chicago Financial News

Voight (Jason Beghe) and Upton (Tracy Spiridakos) at the forefront of the action.

Bank of America (BAC) upgraded its rating on Coinbase (COIN) shares from underperform to neutral on Friday and raised its price target for Coinbase to $217 from $110, reflecting a positive outlook for the cryptocurrency exchange.

WASHINGTON—The Supreme Court began recording its oral arguments in 1955. Unfortunately, the court’s most celebrated case—Brown v. Board of Education—was decided in 1954, meaning there is no audio record of the hearing where the constitutionality of school segregation was argued, or the day 70 years ago when Chief Justice Earl Warren read from the bench his entire opinion declaring that, “in the field of public education, the doctrine of ‘separate but equal’ has no place." That historic near-miss long has frustrated Jerry Goldman, a Chicago law professor who spent decades cataloging, transcribing and publishing Supreme Court audio files on the educational website Oyez.org.

The way that the Consumer Financial Protection Bureau is funded has been ruled constitutional by the U.S. Supreme Court, overturning a previous decision by a lower court.

Bitcoin (BTC) held steady above the $66,000 mark, reaching an intra-day high of $66,500. The Bitcoin price prediction now indicates strong bullish momentum, driven by increasing institutional interest. BlackRock’s iShares Bitcoin Trust (IBIT) has attracted significant investment, while CME Group’s planned entry into Bitcoin spot trading is expected to boost market liquidity and demand.

McDonald’s is planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices

Washington: It's time for Indian Americans to run for office at all levels and never miss to vote, influential Congressman Raja Krishnamoorthi told community members gathered here from across the country. «We have to vote. Will everyone here vote in that coming election? Because we can talk politics all day, but doing politics is what matters. Remember, politics is not just a noun, it's a verb. And we have to do politics this year. We have to vote,» Krishnamoorthi told a room full of eminent Indian Americans who had gathered in the American Capital for the annual summit of Indian American Impact, a Democratic think-tank. «Secondly, we have to work on political causes bigger than ourselves. We have to support our local mandirs. We have to support our local mosques. We have to support our local not-for-profits. I hope you do that and you give generously. But we also have to work on political issues bigger than ourselves,» said the Indian American Congressman, who represents the suburb of Chicago in the House of Representatives. «Whether you're Democrat, Republican, independent, I don't care as long as you recognize that you need to participate in the civic affairs of your country. And now is the time to do it,» he asserted.

United Airlines says it has regained some privileges that were suspended after a series of incidents on flights earlier this year

Former President Donald Trump has been dubbed “America’s first crypto president” ever since his first year in office in 2017, according to Chris Giancarlo, a former CFTC commissioner. This designation came about when his administration approved the introduction of Bitcoin futures contracts, he said.

The Chicago Mercantile Exchange (CME) is reportedly planning to launch Bitcoin trading, seeking to capitalize on the swelling demand for Bitcoin among Wall Street fund managers this year.

Gold prices edged higher on Thursday, supported by a softer dollar and lower Treasury yields after data signalled cooling U.S. inflation, bolstering bets for an interest rate cut by the Federal Reserve.

«He's like, 'Oh, I had to fly commercial. I didn't have these charter flights.' Or, 'Oh, these guys are making $40 million. Like, my contract was only — I don't know, $10 million.' And he kind of sounds disgruntled,» Bird said on NPR's «Fresh Air» last month. Bird, who retired from the WNBA after the 2022 season, cannot wait to toss out her own back-in-my-day tales.

The New York Times and ProPublica reported that former US President Donald Trump could be hit with an IRS penalty exceeding $100 million as a result of a government audit that found he double-dipped on tax losses related to a Chicago building. The claim was based on a years-long audit and public filings. It is anticipated that the results of the investigation may bring attention to Trump’s business background once more as the presumed Republican nominee looks to win back the White House following his defeat in 2020.

Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Trump. Through a combination of cost overruns and the bad luck of opening in the teeth of the Great Recession, it was also a vast money loser.

A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper

Joe Biden is running for reelection on a record and an agenda — often Donald Trump’s. In a hotel ballroom in Seattle, at fancy homes in California and at stops in Illinois and Wisconsin over the past week, Biden has been betting that reminding voters about Trump's presidency and highlighting his Republican opponent's latest campaign statements will work to the Democrat's advantage.

Indian students in American universities 'scared to travel alone', stay 'situationally aware' after 2 deaths in a week In a letter to Union Minister G. Kishan Reddy, Sadanandam appealed for assistance in locating his missing son. Kishan Reddy, the Minister for Culture, Tourism, and Development of the North Eastern Region, Government of India, wrote to the Ministry of External Affairs on May 8, requesting that the Consulate General of India (CGI) in Chicago aid in tracing Rupesh, who has been missing “@DrSJaishankar, @kishanreddybjp, Sir please speak to concern Chicago police Department about the missing of Rupesh Chandra Chintakindi.

Candace Parker has a new job as president of women’s basketball at Adidas

The world’s largest cryptocurrency asset manager Grayscale Investments withdrew its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US Securities and Exchange Commission (SEC) was set to rule on several spot ETH ETFs.

University of Chicago on Tuesday after administrators who had initially adopted a permissive approach said the protest had crossed a line and caused growing concerns about safety. University President Paul Alivisatos acknowledged the school's role as a protector of freedom of speech after officers in riot gear blocked access to the school's Quad but also took an enough-is-enough stance. «The university remains a place where dissenting voices have many avenues to express themselves, but we cannot enable an environment where the expression of some dominates and disrupts the healthy functioning of the community for the rest,» Alivisatos wrote in a message to the university community.

Djimon Hounsou and Kodi Smit-McPhee are set to star in 'The Zealot,' a thriller that promises intense performances and gripping suspense. The film, based on Bennett Fisher's play 'Damascus,' will be directed by Vadim Perelman, known for his work on 'House of Sand and Fog' and 'The Life Before Her Eyes.' Fisher will also pen the screenplay for the adaptation.