Browsing: Business
The New York Stock Exchange is seen in New York, Thursday, Feb. 24, 2022. Markets are opening mostly higher on Wall Street Friday after a wild ride a day earlier. The S&P 500 added 0.4% in the early going, following even bigger gains in Europe. (Seth Wenig/AP)
Loretta Mester, president of the Federal Reserve Bank of Cleveland, said Thursday that she supported a series of rate hikes beginning in March. But she said the Fed should remain flexible: Faster rate hikes might be needed, she said, if inflation hasn’t begun to fade by mid-year, or more gradual increases if inflation is slowing.
In Lake Forest, DeLeone paid $1.13 million for the nine-room house, which was built in 1910 and rehabbed down to the studs in 2014. The house has five full bathrooms, two half-bathrooms, four en-suite bedrooms on the second floor with custom built-ins and a primary bedroom suite with a walk-in closet and a marble bathroom with a double vanity. Other features include a white kitchen with marble countertops, a first-floor laundry room and a mud room.
Talking about the Helix 51 business incubator at Rosalind Franklin University are, clockwise from left, Catherine Phillips, the CEO of TargaCell; Robin McWherter, TargaCell’s president; Claire Zhou, the COO of Everyplace Labs (partially hidden); Iyad Ayoub, the COO of Resuscitation Therapeutics, Inc.; Michael Rosen, the incubator’s managing director; Peter Farmakis, the CEO of Covira Surgical; Yekaterina Galat, the COO and co-founder of Artec Biotech, Inc., Vasil Galat, the CEO and the other co-founder of Artec. (Steve Sadin / Lake County News-Sun)
Audience members find their seats before a concert by the Chicago Symphony Orchestra Jan. 23, 2022 at Symphony Center. The CSO is part of a coalition of Chicago theaters and arts venues that will keep mask requirements in place after Feb. 28. (Brian Cassella / Chicago Tribune)
Under the current law, only wineries that produce less than 25,000 gallons a year are allowed to self-distribute their wine, with a maximum of 5,000 gallons to sell themselves to outside retailers. The proposed legislation, sponsored by Sen. Rachelle Crowe, a Democrat from suburban St. Louis, seeks to raise the production threshold to 250,000 gallons and the self-distribution limits to 50,000 gallons, enabling smaller wineries to bypass distributors and grow their own local connections.
Last month, Alicia Mandujano, a former loan officer at the bank, admitted in a plea agreement that she falsified loan records on Gembara’s orders, including a $219,000 line of credit for Thompson, the 11th Ward alderman, that prosecutors said was never repaid.
A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 24, 2022. Just what a vulnerable world economy didn’t need — a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese developers and families in Africa that are enduring soaring food prices. Russia’s attack on Ukraine and retaliatory sanctions from the West may not portend another global recession. (Ahn Young-joon/AP)
Employers manned booths with banners promoting their companies benefits, free logo branded swag and listed salary pay scales and in some cases recruitment bonuses in order to entice job applicants to approach their booths during the Lee County Area Job Fair in Tupelo, Miss., Tuesday, Oct. 12, 2021. The number of Americans collecting unemployment benefits fell to a 52-year low after another decline in jobless aid applications last week. Jobless claims fell by 17,000, from 249,000 to 232,000 for the week ending Feb. 19, the Labor Department reported Thursday, Feb. 24, 2022. (Rogelio V. Solis/AP)
Ford President and CEO Jim Farley speaks during the official announcement of Ford Motor Company along with SK Innovations in building two electric battery factories in Glendale, Ky., at the Kentucky State Capitol in Frankfort, Ky., Sept. 28, 2021. Farley says the automaker has no plans to spin off its electric vehicle or internal combustion businesses. Farley told the Wolfe Research virtual global auto technology conference Wednesday, Feb. 23, 2022, that Ford needs to hit Tesla-like profit margins by using common electric motors, electronic components and other parts across all sizes of vehicles. (Timothy D. Easley/AP)