Proposed legislation to move Chicago Public Schools to a fully-elected, 21-member school board without any city role raises “dangerous” financial questions, Chicago Civic Federation President Laurence Msall warned lawmakers. Among the key questions: will the city government continue to transfer money to a school district it no longer controls? CPS governance is in the crosshairs
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A US inflation measure closely watched by the Federal Reserve posted its biggest year-on-year jump since the 1990s in April, rising more than expected and fuelling concerns about price increases. The commerce department’s core personal consumption expenditure index, which strips out volatile food and energy costs, rose 3.1 per cent last month compared to a
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In this article MORN Trevor Williams Thematic tech investing is exploding in popularity. Everyone wants to invest in funds that own clean energy, cybersecurity, electric vehicles, e-sports, robotics, 3D printing, and cloud computing. But watch out, Morningstar warns: The majority of these funds do not outperform the markets, have high fees, high failure rates, and
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Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s session alone. AMC – popular among the so-called “meme” stocks – has more than doubled
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Charleston, S.C.—Located on one of Charleston’s barrier islands, the new luxury community Kiawah River reported an unprecedented sales record in the first quarter of 2021, surpassing its overall sales total for the previous year. As full-time remote work becomes a possibility for more U.S. workers, this somewhat remote Lowcountry agrihood is attracting buyers from across
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Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch – except when big companies want to get their employees back to the office during a pandemic. Employers including banks and asset managers, technology companies and law firms are ramping up back-to-work plans as more
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The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices.  Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges
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Municipals saw one to three basis point bumps to benchmark yield curves while new issues repriced by as much as 10 basis points lower into a stronger, issuer-friendly market, as the 10-year fell below 1% on most scales. The Investment Company Institute reported $1.27 billion of inflows into municipal bond mutual funds, marking the 11th
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If you are suffering from post-pandemic sticker shock, you are not alone. From gas and groceries to computers and clothing, everyday items are suddenly more expensive.   As the country recovers in the wake of the coronavirus outbreak and Americans put their stimulus checks and stashed cash to work, some of these higher costs are simply the price consumers
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Pintu, an Indonesia-based cryptocurrency exchange focusing on first-time crypto users, has raised $6 million to support its mission to drive industry adoption. The company announced Tuesday that it has completed a Series A funding round led by major global crypto investors including Pantera Capital, Coinbase Ventures, and Intudo Ventures, tech news agency Tech in Asia
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