Category Archives:
Chicago Fed hires Austan Goolsbee as new chief as Evans prepares to exit
(Reuters) - The Federal Reserve Bank of Chicago's board of directors hired Austan Goolsbee, a University of Chicago Booth School of Business economist and former White House economic advisor, to lead ...
Dec 01, 2022
Twitter offers advertisers incentives after many marketers left platform – WSJ
(Reuters) - Twitter Inc is offering advertisers incentives to increase their spending on the platform to jump-start its business after Elon Musk's takeover prompted many companies to pull back, the Wa...
Dec 01, 2022
Factbox-Crypto companies crash into bankruptcy
By Dietrich Knauth (Reuters) - 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse i...
Dec 01, 2022
Fisker’s cash tied up in bank guarantees, short-seller report says
(Reuters) - Short-seller Fuzzy Panda Research said on Thursday that Fisker Inc's access to its funds is limited by bank guarantees that set a mininum cash balance, sending the electric-vehicle maker's...
Dec 01, 2022
Fed’s Williams: Too high inflation calls for more Fed rate hikes
NEW YORK (Reuters) - New York Federal Reserve leader John Williams reiterated on Thursday in a television interview his belief that more interest rate rises will be needed to bring down overly high le...
Dec 01, 2022
Appellate court rules in favor of fired PPD officer’s reinstatement
PEORIA, Ill. – An Illinois appellate court has made a ruling essentially supporting the reinstatement of a Peoria Police Officer fired in 2018. The Third District appellate court ruled Tuesday t...
Dec 01, 2022
Wells Fargo cuts hundreds of jobs in mortgage business – Bloomberg News
(Reuters) -Wells Fargo & Co has cut hundreds of jobs in its mortgage business across the country, Bloomberg News reported on Thursday citing people familiar with the bank's plans. Higher inflation and...
Dec 01, 2022
Campari, LVMH’s Moët Hennessy buy 100% of Tannico
(Reuters) - LVMH's Mot Hennessy and Italy's Campari have taken full ownership of online wines and spirits company Tannico via their joint venture and plan to expand it further, the two companies said ...
Dec 01, 2022
Biden says can ‘tweak’ Inflation Act to include European countries
WASHINGTON (Reuters) - U.S. President Joe Biden said that new laws that give incentives for domestic production of computer chips and renewable energy parts were never intended to exclude European all...
Dec 01, 2022
Peoria Fire hoping to ‘Keep the Wreath Red” this month
PEORIA, Ill. – Peoria Firefighters are hoping they can keep fire calls to an absolute minimum — if not none at all — during the month of December. Each of Peoria’s twelve fire ...
Dec 01, 2022
Peoria, IL, USA
78 °F Sunny
