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Finance

Powell silence on his future complicates Trump Fed chair search

By Saleha Mohsin, Joshua Green and Amara Omeokwe
Jul 03, 2025 10:45 am - As President Donald Trump and his advisers begin weighing replacements for Federal Reserve Chair Jerome Powell, they’re running into one significant complication: It’s not clear that Powell will leave the US central bank next year.
Powell says Fed can wait to reduce interest rates as Trump demands cuts

By CHRIS RUGABER
Jun 24, 2025 11:11 am - The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump’s calls for immediate cuts.
Wall Street recovers from Friday's shock as US stocks rise and oil prices ease

By STAN CHOE
Jun 16, 2025 3:28 pm - Cooler heads prevail as Wall Street takes back Friday losses NEW YORK (AP) — Calm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of the...
It might be tempting to put 401(k) contributions on hold, but sticking with it is a better strategy

By Amy Arnott of Morningstar
Jun 14, 2025 1:15 pm - Amid this year’s market turmoil, I’ve heard investors wonder if they should hit pause on 401(k) contributions until things settle down. Though this approach sounds tempting, it’s better to stick with your investment strategy instead of waiting for conditions to improve.
10 sources of emergency cash, ranked from best to worst

By Christine Benz of Morningstar
Jun 07, 2025 1:45 pm - If unanticipated expenses exceed your emergency fund, here’s a look at where to go next.
3 surprising market winners in 2025

By Dan Lefkovitz of Morningstar
Jun 07, 2025 1:38 pm - Investors brave enough to peek at their account statements know that it’s been a rocky 2025. But there have been equity gains to be had in 2025.
Amid court battle, lawmakers delay ban on ‘swipe fees’

By BEN SZALINSKI
Jun 06, 2025 10:18 am - Illinois lawmakers have decided to delay a ban on “swipe fees” for another year as bankers are locked in a court battle with the state over the ban.
Chicago’s wealthy back new fund for U of C tech startups

By Miranda Davis
Jun 05, 2025 1:53 pm - A Silicon Valley venture capital firm has lured investment from billionaires including Don Wilson, Michael Polsky and Ashley Duchossois Joyce to fund University of Chicago technology startups.
Average rate on a US 30-year mortgage rises to 6.89%, its highest level since early February

By ALEX VEIGA
Jun 02, 2025 11:00 am - The average rate on a 30-year mortgage in the U.S. rose last week to its highest level since early February, further pushing up borrowing costs for homebuyers.
Tips on navigating economic uncertainty for small business owners

By Steve Bernas
May 31, 2025 1:39 pm - In today’s unpredictable economic climate, many small business owners are struggling to maintain stability amid inflation and fluctuating costs.

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