City Chicago Financial News

Federal Reserve Bank of Chicago President Austan Goolsbee provides insight on the state of the U.S. economy on 'Making Money.'

Former Chrysler CEO Bob Nardelli discusses the ongoing negotiation talks between the UAW and the Big Three automakers on The Claman Countdown.

Asset managers keep pursuing digital asset products, with Invesco and Galaxy Digital allegedly filing for a spot Ether (ETH) exchange-traded fund (ETF) on Sept. 29. 

Canada’s top banking regulator is increasing scrutiny on how the country’s largest financial institutions are managing their commercial real estate portfolios amid rising interest rates that are creating vulnerabilities in the sector.

Pilots at United Airlines have ratified a new four-year contract

How much would you need to be paid to cover the risk of the next massive hurricane or earthquake? Investors in the insurance market have a new answer: Way more than they were before. That is the message coming from a key part of that market, catastrophe bonds. “Cat bonds" emerged roughly a quarter century ago as insurance companies scrambled for ways to manage their most extreme risks after Hurricane Andrew’s shocking losses put several out of business.

United Airlines is making changes for passengers with wheelchairs after a government investigation into a complaint by a disability-rights advocate

Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could be launched as early as Oct. 2.

The asset management firm VanEck announced on Thursday that it plans to launch an exchange-traded fund (ETF) based on Ethereum futures contracts in the near future.

Popular investment management firm VanEck has announced its plans to roll out its Ethereum futures exchange-traded fund (ETF).

New York Jets at MetLife Stadium, according to reports. The 33-year-old singer is reportedly dating Kansas City Chiefs player Travis Kelce. In Week 3, Swift graced Arrowhead Stadium for the Chiefs' game against the Chicago Bears. During the game, Swift joined Travis Kelce's family in a suite and was prominently featured on FOX's broadcast, sitting alongside and enthusiastically supporting Kelce's mother, Donna. Following the game, the pop superstar and the two-time Super Bowl champion, Travis Kelce, left Arrowhead Stadium together, marking their inaugural public appearance as a couple. Travis Kelce called an appearance by Taylor Swift at the Kansas City Chiefs' victory over the Chicago Bears' last weekend «pretty bold», but the All-Pro tight end insisted Wednesday that he wants to keep future details about their relationship private. While Swift is known for keeping her personal life private, Kelce apparently has decided to begin doing the same. Kelce discussed the pop superstar's well-publicized appearance in a suite at Arrowhead Stadium on his podcast, «New Heights with Jason and Travis Kelce». The younger of the Kelce brothers said it was 'awesome' how everyone treated Swift during her time in his suite, and he was in awe of the way the 12-time Grammy Award-winner connected with his mom, Donna. Kelce acknowledged on his podcast Wednesday the widespread interest in him with Swift, adding that he has seen paparazzi suddenly staking out his Kansas City-area home.

By Jamie McGeever

By Abigail Summerville

Late last year, and into early 2023, the crowd was all in on the inevitability of a US recession starting in the near future. A Bloomberg headline captured the zeitgeist as the new year dawned: “The Most-Anticipated Downturn Ever.” But as September draws to a close, the current business-cycle nowcast continues to indicate low risk as the economy chugs along.

Bitwise Asset Management has filed an amended application for a spot Bitcoin exchange-traded fund (ETF), beefing it up with 40 pages of new text responding to the United States Securities and Exchange Commission’s (SEC) objections to the product. It still might not be enough to satisfy regulatory requirements, though, a company executive warned.

Taylor Swift’s trip to watch the Kansas City Chiefs’ Travis Kelce didn’t just have the internet talking nonstop

Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer. Asia-Pacific stock benchmarks sagged along with gold, while crude oil continued to drift back from 10-month highs. The yield on 10-year Treasury notes rose to 4.552%, a level not seen since October 2007. The U.S. dollar index — which measures the currency against six major developed market peers, including the euro and yen — ticked up 0.05% to 106.00, after reaching 106.10 overnight for the first time since Nov.

NYSE Arca Exchange has submitted an updated application to list the Bitwise Bitcoin exchange-traded fund (ETF) Trust. 

Taylor Swift, a Philadelphia Eagles fan, made headlines as she cheered for Kansas City Chiefs tight end Travis Kelce during their game against the Chicago Bears. Rumors about their relationship have been circulating. Despite the Chiefs' dominant 41-10 victory, the focus remained on Swift. TV broadcasts frequently showed her reactions, including her enthusiastic response when Kelce scored a touchdown, where she appeared to shout, «Let's go!» Swift also spent time with Kelce's mother, Donna, during the game. Afterward, they left together in Kelce's convertible, sparking numerous related tweets. The NFL's official social media accounts joined in on the excitement, sharing TikTok clips of Swift's reactions and capturing the duo leaving the stadium. Reporters at the post-game conference shifted their attention to Swift, asking the players about her presence. Chiefs quarterback Patrick Mahomes praised Swift's talents, expressing hope that he would meet her if she and Kelce became a couple. Mahomes acknowledged feeling pressure to get Kelce a touchdown with Swift in the audience and delivered on that promise.

US Treasury yields were higher on Monday, with the benchmark 10-year Treasury yield building on three straight weeks of gains on expectations the U.S. Federal Reserve will keep interest rates at higher levels for longer than initially anticipated. Chicago Fed President Austan Goolsbee said on Monday that inflation remaining entrenched above the central bank's 2% target remains a bigger risk than tight Fed policy slowing the economy more than needed. The yield on 10-year Treasury notes was up 9 basis points to 4.525% after climbing to 4.533%, its highest since October 2007. «Essentially, the yield curve is going to start pricing in a recession, that is usually what happens when the yield curve steepens as much as it does,» said Tom di Galoma, co-head of global rates trading at BTIG in New York. «You had the big inversion move, we've been inverted for a good 15 to 18 months, and now the curve is steepening out, and that is a bit because the long-end has just kind of given way to higher rates.»Goldman Sachs last week pushed out its expectations for a Fed rate cut from the second quarter of next year to the fourth quarter of 2024. Expectations for another 25 basis point hike by the Fed at its November meeting have shrunk to 18.4%, down from 34.1% a week ago. The yield on the 30-year Treasury bond was up 12 basis points to 4.642%. Economic data was light on Monday but investors will get a look at several data points on the housing market this week, along with the final reading of second quarter gross domestic product and personal consumption expenditures. A closely watched part of the U.S.

dating rumours, Taylor Swift was spotted watching the Kansas City Chiefs play the Chicago Bears at Arrowhead Stadium on September 24, cheering for her rumoured boyfriend Travis Kelce. The American singer, dressed in a red and white team jacket, was sitting next to Donna Kelce, the player’s mom, chatting and laughing throughout the game. Swift's show of support comes after weeks of speculation – by various NFL broadcasters and the vast majority of Swifties – that she and Kelce are dating. Though the two have not publicly confirmed any romantic link.What did Travis Kelce say about the dating rumours? Kelce said in an interview with ESPN last week that he finds the focus on Swift and him 'hilarious.' After the game, the couple was seen leaving the stadium together.