City Chicago Financial News

Taylor Swift's Eras tour has been a massive success, projected to earn a staggering $1.4 billion, which would make it the highest-grossing tour ever, according to Forbes. The first 22 performances of the tour alone brought in over $300 million, as reported by Pollstar. After deducting concert promoters and production costs, Forbes estimates that Swift earned around $100 million from these shows.

“I’M NOT the most mature person you’ll meet," said Betty Halbreich, 95. “I might be the oldest, but not the most mature." What maturing Halbreich has done occurred during her 47 years (and counting) working at Bergdorf Goodman, the luxury Manhattan department store that’s overlooked Fifth Avenue since 1928. A Chicago native, Halbreich landed at Bergdorf (or BG, as devotees call it) in search of “stability" after her marriage traumatically unraveled.

Federal Reserve Bank of Chicago President Austan Goolsbee said recent consumer-price data showing inflation easing was «promising,» though inflation is still higher than policymakers' 2% goal. «It's at least promising that this week we got inflation numbers that show inflation is coming down at a pretty rapid clip,» Goolsbee said Friday in an interview with Fox News.

Hightower Advisors has announced a strategic investment that will boost its tax advisory capabilities for high-net-worth and business clients.

Airport (CSMIA) in Mumbai has achieved the fourth position in a readers' survey conducted by a US-based travel magazine to determine the favourite international airports. CSMIA is the sole Indian airport to be featured in the list of 'Travel + Leisure Readers' 10 Favorite International Airports of 2023 survey'. CSMIA's inclusion in the top rankings reflects the positive feedback from readers, with a reader score of 86.47.

Following severe weather warnings in the city, a tornado touched down near Chicago's O'Hare International Airport on Wednesday, as reported by the National Weather Service. As reported by AP, no injuries were immediately reported. The National Weather Service in Chicago confirmed the presence of a tornado on the ground around 7 p.m.

The Wall Street Journal has unearthed the identity of the man Lazard let go after some unspecified inappropriate behavior at a party last weekend. The alleged miscreant was reportedly Reid Snellenbarger, Lazard's Chicago-based co-head of restructuring and capital solutions. 

Federal Trade Commission Chair Lina Khan is taking on the world’s biggest technology companies—and losing. Khan failed Tuesday in her latest effort to block a big-tech deal when a federal judge denied her agency’s bid to block Microsoft from closing its purchase of videogame publisher Activision Blizzard. The FTC suffered a similar setback earlier this year when it tried to thwart Meta Platforms’ purchase of a virtual-reality gaming company.

When U.S. investors like Chicago-based Harris Associates started bailing from troubled Credit Suisse earlier this year, one giant global investor doubled its holdings to become the bank’s second-biggest shareholder after the Saudi National Bank.

The owner of the Los Angeles Times has sold the San Diego Union-Tribune to MediaNews Group

Police say the suspect in the 1982 Tylenol poisonings that killed seven people in the Chicago area and triggered a nationwide scare has died

James Lewis, suspect in Tylenol poisonings that killed seven people in the Chicago area in 1982, found dead, police say.

Investing.com — Is the macro picture for oil and gold changing? The softer-than-expected U.S. jobs numbers for June sent both crude and the yellow metal rallying on Friday as the dollar tumbled its most in a day percentage-wise since February. All eyes are now on the coming week’s reading on inflation, which, if tame, could unleash more risk appetite.

Cody Bellinger, a former National League MVP, is being viewed as an ideal addition to the struggling New York Yankees. The potential saviour of the Yankees' season made an appearance in the Bronx on Friday, although he was, unfortunately, representing the Cubs. Despite a decline in his statistics over the past three seasons, Cody Bellinger still maintains his reputation as one of the league's most skilled and formidable hitters. Since joining the Chicago Cubs, Bellinger has showcased an impressive performance at the plate, boasting a batting average of .303 along with an on-base percentage of .359 and a slugging percentage of .502. With nine home runs and 29 RBIs, he has made a significant impact on the team's offence. Notably, his OPS has shown a remarkable improvement compared to last season, and he has also demonstrated his versatility on the basepaths by already accumulating double-digit stolen bases.

Gold Cup soccer tournament, which kicked off on June 24 and runs through July 16, the excitement continues to build. The highly anticipated 2023 Gold Cup is set to take place in 13 cities across North America this summer. Teams such as the USMNT, Mexico, Canada, Jamaica, and Costa Rica are expected to make strong runs in the tournament, adding excitement to the upcoming knockout round stage, which promises intriguing matchups. The matches will be hosted in various cities including Toronto, Arlington, Charlotte, Chicago, Cincinnati, Glendale, Harrison, Inglewood, Paradise, St. Louis, San Diego, Santa Clara, and Houston (twice). The USMNT aims to achieve a historic feat by becoming the first team to win consecutive Gold Cup titles since Mexico's triumph in 2009 and 2011. Meanwhile, the other participating teams are determined to break the trend of USA vs. Mexico finals, which have dominated the tournament since 2017.

Eyal Frank is an environmental economist at the University of Chicago’s Harris School of Public Policy. Speaking to Srijana Mitra Das, he outlines the economics of protecting habitats and species:What is the core of your research? Broadly speaking, my work tries to outline the social costs of bio-diversity losses.

Stock exchange giant Nasdaq has refiled Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) with Coinbase as its “surveillance-sharing” partner. 

Incoming Man Group CEO Robyn Grew (pictured), said Varagon will be an «additional investment engine».

Finra penalized Hightower Securities, the broker-dealer arm of the eponymous aggregator of registered investment advisors, $353,200 at the end of last month as a result of alleged violations of industry rules in selling alternative investments, namely GPB Capital Holdings private placements and an alternative mutual fund, the LJM Preservation & Growth Fund.

Brokerage firm Bernstein believes that there is a strong possibility that the US Securities and Exchange Commission will approve a spot Bitcoin (BTC) exchange-traded-funds (ETF). 

Beyond medical bills in the millions and the weight of trauma and grief, mass shooting survivors and their family members contend with scores of changes showing how their lives have been upended by violence