City Chicago Financial News

Southwest Airlines is paying $140 million to settle a government investigation over a meltdown last holiday season that led to thousands of canceled flights

By Saqib Iqbal Ahmed

Investing.com — The S&P 500 closed higher Monday, shrugging off attempts from Federal Reserve officials to cool expectations for sooner rather than later rate cuts. 

A Federal Reserve official said Monday that the market may have misunderstood the central bank's intended message last week after stocks and bonds rallied sharply.

After keeping interest rates unchanged last week, the US Fed signaled its intention to begin reducing interest rates next year.

Prior to joining Invesco, Joe Bello (pictured) worked at Blackrock iShares, where he led the ETF and indexed investments sales team focusing on UK asset managers.

The market surged this past week following a confusing Fed meeting that created more questions than answers. The Fed tried to go into damage control on Friday by sending out John |Williams, Raphael Bostic, and Austan Goolsbee. None did much on the surface to improve the situation Jay Powell left behind following the Wednesday press conference.

Investing.com — U.S. stock futures edged higher Monday at the start of the last full trading week before the Christmas holidays, continuing the recent positive tone driven by expectations for Federal Reserve rate cuts next year.

Making Money host Charles Payne discusses the Dow being on pace for a record close, automakers announcing layoffs and Democratic Rep. Ro Khanna proposing legislation to ban stock trading in Congress.

Rapper Travis Scott has explained why he canceled his Utopia – Circus Maximus Tour to Chicago’s United Center on December 15, 2023. In a statement posted on X, formerly known as Twitter, has said that he had spent Friday on the tarmac instead of the stage. He wrote, «I literally spent 24 hrs on a fucking runway. Craziest shit ever. To my people in Chicago, I was so ready to go crazyyyy. Chicago always been one if my favorite places. Togo ham and been waiting for it the whole tour.I will be back the first couple days of January.»

terrorism in two days. On Wednesday, RCMP arrested a 16-year-old in Calgary over an unrelated plot.The RCMP said Saturday it had arrested five youths for terrorism just in the past six months, and that it had seen a “concerning trend” of terrorists using the internet to recruit youths.As a result, police said parents, as well as teachers and coaches, should be on the alert for the signs of radicalization.“We’re asking adults in positions of authority to be alert for behaviors of concern which may be linked to violent extremism,” the RCMP said in a statement.The Ottawa youth’s father told Global News his son had become “more religious.” “I warned him many times,” to stay away from “extremist people,” he said, and even arranged for his son to speak to an imam.But he said his son was naive and may have been used by extremists.“There are some people taking advantage of him,” the father said.

cricket. Previously, the BCCI bestowed a similar honour on Sachin Tendulkar when they retired his No. 10 jersey in 2017.

Enbridge Inc. is selling its stakes in the Alliance pipeline and Aux Sable gas processing facility to Pembina Pipeline Corp. for $3.1 billion.

Andre Braugher, the Emmy-winning actor best known for his roles on the series “Homicide: Life on The Street” and “Brooklyn Nine-Nine,” died Monday at age 61.

Shohei Ohtani can opt out of his $700 million, 10-year contract with the Los Angeles Dodgers if either of two key executives is no longer in place, a person familiar with the agreement told The Associated Press

Sarah Rafferty, who was recently seen in Netflix' adaptation of the Ali Novak’s book “My Life With the Walter Boys”, recently opened up about the unexpected resurgence of her hit show «Suits» on the streaming service. The legal drama that was aired on USA Network between 2011 and 2019 has broken several streaming records since it became available to stream on Netflix in June. The show notched 18 billion streaming minutes in July, becoming the most-watched title ever acquired by a streaming service, as per the Nielsen.

McDonald’s expects to open nearly 10,000 restaurants over the next four years, the fastest period of growth in the company’s history

Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) – has seen a spike rising from $2.20 billion on September 30th to $5.09 billion today, according to data from Glassnode.

U.S. auto safety regulators say they are monitoring data from a group of mostly unrecalled Takata air bag inflators after one of them exploded in a BMW and hurled metal fragments that seriously injured a driver in Chicago

snowfall to cities across the Midwest and Ohio Valley, including Chicago, Indianapolis, and Columbus, Ohio. This may result in challenging conditions for the Tuesday morning commute. This weather development follows a winter storm that affected parts of northern New England at the beginning of the workweek, depositing heavy, wet snow and causing disruptions to the Monday morning commute, along with numerous power outages. In the Pacific Northwest, concerns about flooding are increasing as rivers and streams in Washington and Oregon are on the rise due to a series of atmospheric river storms delivering substantial rain to the region. This precipitation is causing the melting of mountain snow, contributing to water accumulation in low-lying areas. According to the FOX Forecast Center, warm air surging from the Pacific will elevate snow levels above 9,000 feet, surpassing weekend levels. Due to the potential flooding risk, Flood Watches have been issued in the Pacific Northwest, covering areas from western Washington through western Oregon, including major cities like Seattle, Olympia, Portland, Salem, Eugene, and Medford.

Sachin Tendulkar fan from a young age, chances are you still are a Sachin Tendulkar fan even if he had stopped playing a long time ago. Virat Kohli might end up scoring more centuries than Tendulkar, but Tendulkar will forever remain the God of cricket for his fans. That’s how cults are built. There are many other examples.