City Chicago Financial News

18.05 / 10:23

Fed’s Evans: Inflation Is Much Too High and Fed Must Act

Federal Reserve Bank of Chicago President Charles Evans said Tuesday that aggressive central bank rate rises are needed to get inflation back under control.

18.05 / 00:33

UPS FIVE CFTC regulation committee Commissioner Kristin Johnson to sponsor CFTC Market Risk Advisory Committee

United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role.

11.05 / 14:25

COST Racing Strategy Reserve Senate confirms Lisa Cook as first Black woman on Federal Reserve Board

WASHINGTON — The Senate confirmed economist Lisa Cook on Tuesday night to serve on the Federal Reserve's Board of Governors, making her the first Black woman to sit on the panel in its 108-year history.

08.05 / 19:15

They Came, They Hiked, They Stayed: Retirees Lift Fortunes in Rural America

PIGEON FORGE, Tenn.—Tom and Barb Hansen’s search for a retirement spot reads like the script to a road movie. California’s Lake Tahoe. Sedona and Scottsdale in Arizona. The Ozark Mountains of Missouri. Myrtle Beach, S.C.

21.04 / 20:25

UPS Career Chicago Fed President Charles Evans to Retire in Early 2023

The Federal Reserve Bank of Chicago said Thursday it would begin a search for a new president because its current leader, Charles Evans, will retire early next year.

20.04 / 13:09

Blockchain Digital Platform CBOE services Chicago Board Options Exchange Files Trademark for NFT & Crypto Services

The Chicago Board Options Exchange (CBOE Exchange, Inc. (CBOE)) has filed for a trademark application for CBOE DIGITAL for a non-fungible token (NFT) trademark, attorney Michael Kondoudis announced through a tweet.

11.04 / 22:33

Lowe's Fed’s Evans Says Good Possibility of 50 Basis Point Rate Rise in May

Federal Reserve Bank of Chicago President Charles Evans said Monday an aggressive interest rate increase is a possibility at the U.S. central bank’s policy gathering in early May.

11.04 / 12:05

Ethereum NFT Trading Investing How to Hedge Your NFT Collection With Ethereum Derivatives

The majority of the non-fungible token (NFT) market resides on Ethereum (ETH), tying the performance of the NFT market – to a degree – to the value of ether as most NFTs are priced in ETH.

08.04 / 08:15

business Adoption Payments Lightning Network Shopify Lightning to strike Shopify merchants with addition of BTC payments

Chicago-based payment app Strike has integrated with global e-commerce giant Shopify so merchants can accept Bitcoin payments via the Bitcoin Lightning Network.

06.04 / 20:01

ETF SEC Bitcoin Bitcoin Strategy ProShares files with SEC for Short Bitcoin Strategy ETF

Exchange-traded funds issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF.

02.04 / 00:05

ETF SEC Bitcoin spot bitcoin 21Shares SEC rejects ARK 21Shares spot Bitcoin ETF application

The United States Securities and Exchange Commission, or SEC, has officially disapproved the application for ARK 21Shares Bitcoin exchange-traded fund.

29.03 / 20:28

ETF CME Bitcoin MICRO CME Group to Offer Micro Bitcoin and Ether Options

The Chicago Mercantile Exchange (CME) Group announced on March 28, 2022, that it would offer micro options on the futures contracts of the two largest cryptocurrencies by market capitalization: Bitcoin (BTCUSD) and Ether (ETHUSD). Each micro futures contract will be worth 1/10 the price of the underlying token. Trading of micro Bitcoin and Ether futures options will be available 24/7 on the CME platform.

29.03 / 19:29

UPS Provident FIVE JPMorgan Goldman Sachs is buying corporate retirement plan robo-advisor NextCapital

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23.03 / 22:35

Ethereum Digital Extreme Bitcoin NOT Ethereum, Cardano, AND Bitcoin? The why and why not of crypto-diversification

Diversification is one of the fundamental principles of investing that helps reduce a portfolio’s risk. When building a cryptocurrency portfolio, managing risk in this volatile market is essential to hedge against risks. So, how does one pick winners and losers among the thousands of digital tokens available?

22.03 / 08:05

Aviat Airlines Boeing Southern plane reports China Boeing 737 plane crash: No reports yet of bodies or survivors

BEIJING — No bodies or survivors have yet been found from the China Eastern Airlines crash as of Tuesday morning, Chinese state media said.

04.03 / 19:39

COST UPS businesses Chicago Fed's Charles Evans cautions on inflation's hit to small businesses

Small businesses will be facing growing challenges from inflation and higher wages, Chicago Federal Reserve President Charles Evans said Friday.

04.03 / 15:44

cryptocurrency Platform coinbase Crypto Industry Is Eyeing US Derivatives Market

Crypto industry is eyeing US derivatives market

01.03 / 20:35

business Investments Bitcoin Futures CME MICRO CME Group plans to launch micro-sized Bitcoin and Ether options

Major derivatives marketplace Chicago Mercantile Exchange Group will launch options trading for its micro Bitcoin and Ether futures products.

18.02 / 19:21

Fed Official Says Monetary Policy Needs ‘Substantial Adjustment’

The Federal Reserve needs to raise interest rates to address an interval of higher-than-expected inflation, but the central bank could be able to avoid a turn to more restrictive policy as long as price pressures moderate this year, a top official said Friday.

16.02 / 16:17

Ripple SEC Platform Bitcoin SEC’s Gensler doesn’t have much to say about Ripple or XRP… except this

The Gary Gensler-led Securities and Exchange Commission (SEC) has repeatedly aired its concerns about spot Bitcoin Exchange Traded Funds (ETFs). In fact, the Chairman believes there is a lack of infrastructure designed to prevent fraudulent and manipulative acts and practices. According to the agency, this wouldn’t serve the SEC’s intent to protect investors and public interest.

15.02 / 07:51

ETF SEC Grayscale Bitcoin Support Overwhelming support for Grayscale BTC Trust ETF conversion proposal

The U.S. Securities and Exchange Commission has allowed comments and feedback on a proposed rule change that would convert Grayscale’s Bitcoin Trust to a spot-based exchange-traded fund (ETF).

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