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Finance

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.
What your net worth statement is telling you

By Amy Arnott of Morningstar
May 31, 2025 1:10 pm - A summary of all your assets and liabilities is a crucial first step toward getting a better handle on your finances. Before you start putting together a net worth spreadsheet, gather as much information as you can to get the best sense of what it can tell you.
Naperville Central students win financial literacy competition; head to Atlanta for nationals June 1-2

Submitted by Illinois Treasurer Michael Frerichs’ office
May 27, 2025 12:09 pm - Naperville Central team wins state personal finance contest, heads to national finals to demonstrate money management skills learned through competition.
Why are more shoppers struggling to repay ‘buy now, pay later’ loans?

By CORA LEWIS
May 24, 2025 1:03 pm - More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender said this week. The disclosure corresponded with reports by lending platforms Bankrate and LendingTree, which cited an increasing share of all “buy now, pay later” users saying they had fallen behind on payments.
Student loans have been confusing lately. Here’s a guide to know where you stand

By ADRIANA MORGA
May 17, 2025 1:42 pm - Between collections resuming, courts blocking student loan programs and layoffs at the Education Department, borrowers might be confused about the status of their student loans.
Opinion: Illinois is on the brink of massive crypto regulation. Entrepreneurs will pay the price.

Katherine Kirkpatrick Bos
May 05, 2025 4:09 pm - The Illinois General Assembly has advanced a sweeping measure that will have enormous consequences for Chicago’s tech ecosystem and the more than 300 startups and legacy institutions innovating in blockchain and cryptocurrency in Illinois.
Stronger Together: Business Service Organizations Join Forces to Support Entrepreneurs

Manuel “Manny” Flores
May 05, 2025 4:08 pm - To meet the capital needs of small businesses, service organizations must be creative in expanding their impact and improving outcomes. This moment presents an opportunity for leaders across the small business ecosystem to join forces and better serve entrepreneurs.
Small business strategies for tackling the 2025 SBA lending landscape

By Tom Abraham
May 03, 2025 1:30 pm - With interest rates still elevated, economic policies shifting, and new technologies reshaping the loan process, small business owners are learning to navigate a complex financing environment.

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