City Chicago Financial News

04.08 / 19:05

business Bitcoin Futures CME Euro CME Group plans to launch euro-denominated Bitcoin and Ether futures

Major derivatives marketplace Chicago Mercantile Exchange Group aims to launch trading for Bitcoin euro and Ether euro futures contracts starting on Aug. 29.

04.08 / 16:33

Twitter Binance Tesla Tesla Motors Twitter chases Citadel’s founder, Binance in a race of subpoenas

As the failed acquisition of social platform Twitter by one of the world's richest men, Elon Musk, turned into a protracted court conflict, both sides are filing subpoenas to gather information ahead of the first hearing.

02.08 / 20:11

Progressive LinkedIn CME Fed's Daly says 'our work is far from done' on inflation; Evans says bigger hike 'OK'

The Federal Reserve still has a lot of work to do before it gets inflation under control, and that means higher interest rates, San Francisco Fed President Mary Daly said Tuesday.

02.08 / 19:11

COST Fed Official Says Economy Needs Rate Setting That Slows Economic Growth

Chicago Federal Reserve President Charles Evans said he is hopeful the central bank will be able to slow its pace of rate rises over the remainder of the year as it pushes borrowing costs to levels aimed at slowing the economy.

01.08 / 21:23

business Investments Retirement CBOE's operating expenses spiked 312% due to underperformance of acquired crypto firm

On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from $160.6 million. CBOE explained:

22.07 / 20:13

Deal Russia-Ukraine Grain Deal Won’t Translate Into Big Exports Immediately

LONDON—The deal between Moscow and Kyiv to allow for the export of Ukrainian grain is helping push global prices lower, but it won’t translate into a slug of new exports soon.

13.07 / 01:13

ETF Investments SEC Bitcoin spot bitcoin 21Shares SEC extends window to decide on ARK 21Shares spot Bitcoin ETF to August

The United States Securities and Exchange Commission has pushed the deadline to approve or disapprove ARK 21Shares’ Bitcoin exchange-traded fund to August 30.

12.07 / 08:58

business Adoption Trading stocks Online brokerage M1 Finance to launch crypto trading accounts

Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks.

08.07 / 14:45

JPMorgan RIG Chase Ex-JPMorgan traders accused of spoofing as $1bn case heads to court

Two former precious metals traders at JPMorgan Chase and a co-worker who handled hedge fund clients face trial starting 8 July in the climax of a seven-year Justice Department campaign to punish alleged market manipulation.

04.07 / 22:43

Advertising News At least six dead in shooting amidst 4 July parade in Chicago suburb, gunman still at large

At least six people are dead and 24 were taken to hospitals after a shooting at a July Fourth parade in the Chicago suburb of Highland Park, and officers are searching for a suspect, police said Monday.

01.07 / 11:21

ETF SEC Bitcoin spot bitcoin NOT Not giving up: VanEck refiles with SEC for spot Bitcoin ETF

VanEck, one of the first firms in the world to ever file for a Bitcoin (BTC) exchange-traded fund (ETF), is not giving up on its plans to launch a spot Bitcoin ETF in the United States.

30.06 / 12:47

Platform COMPOSITE Indexes WSJ risk profile Celsius Had Higher Risk Profile Than Average US Bank: WSJ

A recent reportfrom the Wall Street Journal (WSJ) has revealed that embattled crypto lending platform Celsius Network took on more risk than it could naturally handle.

30.06 / 08:55

business Blockchain Wall Street Loans Contagion: Genesis faces huge losses, BlockFi's $1B loan, Celsius's risky model

It’s been another day of watching the ripples of contagion spread through the crypto market.

24.06 / 13:39

Ethanol Keeps Climbing as Gasoline Prices Stay High

Ethanol prices have risen steadily this year, boosted by a Biden administration mandate to blend more of the biofuel into gasoline and some of the highest U.S. consumer inflation in decades.

23.06 / 21:37

Blockchain Digital CEO Terra Classic Luna Do Kwon roots for a ‘stronger’ Terra comeback despite…

Despite facing the music over the Terra fiasco, Do Kwon seems to be quite optimistic about the future. The CEO of Terraform Labs recently expressed “great confidence” in rebuilding the empire that crashed last month. Notwithstanding the crypto-market’s recent bearish trajectory.

23.06 / 12:21

regulation Legal Terra Do Kwon Says He’s No Fraudster and Has ‘Great Confidence’ in Terra 2.0

Do Kwon, the co-founder of Terraform Labs has spoken out about the Terra 2.0 network, which was launched in the wake of last month’s devastating luna classic (LUNAC) and terraUSD (UST) crash.

20.06 / 20:41

business ETF Bitcoin ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K

The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new vehicle to bet against the price of the cryptocurrency.

20.06 / 07:23

cryptocurrency Digital Luna Why Jump Crypto's Kanav Kariya Is Upbeat Despite Terra Fiasco

"For us, it's just thinking about the right opportunities as the market turns," Kanav Kariya said.

07.06 / 14:27

Dreams Inflation, Political Division Put U.S. in a Pessimistic Mood, Poll Finds

Americans are deeply pessimistic about the U.S. economy and view the nation as sharply divided over its most important values, according to a new Wall Street Journal-NORC Poll.

26.05 / 15:59

ETF SEC CBOE Bitcoin spot bitcoin 21Shares Cathie Wood’s Ark and 21Shares refile for spot Bitcoin ETF

ARK Investment Management, an investment firm founded by veteran investor Cathie Wood, is taking another try to launch a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States.

25.05 / 21:05

COST UPS Here’s the best way to use a health savings account, which offers a triple-tax advantage

Health savings accounts can be a powerful way to build wealth and prepare for medical costs in old age — if they're used the right way.

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