Top News & Analysis Chicago

  • Negotiations are advancing thanks to the prospect of more cash for creditors following the $4.4 billion sale of another Caesars affiliate last month and the possibility of financial contributions from Caesars' private equity sponsors, Brendan Hayes, managing director of Millstein& Co said at a hearing. But negotiations need to take place without the threat...

  • *USDA raises corn's good-excellent rating. *Crop tour finds good yield potential in Indiana. Crop ratings typically deteriorate heading into autumn, so the improvement weighed on prices, said Jim Gerlach, president of A/C Trading in Indiana.

  • Aug 23- Best Buy Co Inc reported a much higher-than-expected quarterly profit on strength in health and wearable items like smartwatches, and the largest U.S. electronics retailer raised its earnings outlook, sending its shares up nearly 17 percent. Best Buy Chief Executive Officer Hubert Joly said he expected demand to increase this quarter and next as...

  • CHICAGO— Grain futures were lower Tuesday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was 5.25 cents lower at $4.10 a bushel; Sept. corn was 4.50 cents lower at $3.2860 bushel; Sept. oats were. 25 cent lower at $1.72 a bushel; while Sept. soybeans lost 4 cents to $10.3120 a bushel. August live cattle was. 435 cents lower at $1.13 a pound; August...

  • Aug 23- Best Buy Co Inc reported a much higher-than-expected quarterly profit on strength in health and wearable items like smartwatches, and the largest U.S. electronics retailer raised its earnings outlook, sending its shares up nearly 16 percent. Chief Executive Officer Hubert Joly said he expected mobile phone sales to increase this quarter and next as...

  • "Ask Brianna" from NerdWallet is a Q&A column for 20- somethings, or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans— all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to askbrianna@nerdwallet.com.

  • Excluding special items, the company earned 57 cents per share in the second quarter ended on July 30. Best Buy also forecast revenue of $8.8 billion to $8.9 billion for the third quarter, while analysts on average were expecting $8.77 billion. The company expects earnings of 43 cents to 47 cents per share, compared with Wall Street forecasts of 45 cents.

  • NEW YORK, Aug 22- Oil prices fell more than 3 percent on supply worries, while U.S. An upbeat assessment of the U.S. economy from Fed Vice Chairman Stanley Fischer on Sunday was viewed as raising the prospect of Fed Chair Janet Yellen flagging a rate rise at a meeting with world central bankers on Friday. "Everyone's kind of waiting on Yellen," said Lou Brien, market...

  • At the Chicago Board of Trade, the November soybean contract settled up 11-1/ 4 cents at $10.15-3/ 4 per bushel. September wheat ended down 11-3/ 4 cents at $4.15-1/ 4 a bushel and December corn fell 1-1/ 4 cents at $3.42-1/ 2 a bushel. The USDA also reported export inspections of U.S. soybeans in the latest week at 961,414 tonnes, above a range of trade expectations of...

  • *Fed Chair Yellen to speak at Jackson Hole on Friday. As earnings season draws to a close, investor focus will shift to Federal Reserve Chair Janet Yellen's speech on Friday at the annual central bankers' meeting in Jackson Hole, Wyoming, to assess the odds of an interest rate hike in coming months. "It's oil and then we've got Jackson Hole hanging over us, and there is...

  • NEW YORK, Aug 22- U.S. "Everyone's kind of waiting on Yellen," said Lou Brien, market strategist at DRW Trading in Chicago. "The fact that he started off with the words that we are close to our target is definitely hawkish," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • NEW YORK/ LONDON, Aug 22- Gold prices slid on Monday and hit a two-week low as upbeat comments from Federal Reserve officials on the U.S. economy boosted expectations that the central bank could lift interest rates sooner rather than later. That followed comments last week from New York Fed President William Dudley that the labor market is improving, and from San...

  • CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was 6.25 cents lower at $4.2060 a bushel; Sept. corn was. 25 cent higher at $3.3440 bushel; Sept. oats were. 50 cent higher at $1.7020 a bushel; while Sept. soybeans gained 6 cents to $10.33 a bushel. August live cattle was. 65 cents lower at $1.1290 a pound; August...

  • PARIS/ SINGAPORE, Aug 22- Chicago wheat fell 1 percent on Monday, pressured by ample global supplies, while soybeans edged up after declining for two sessions although expectations of historically high U.S. production limited gains. The Chicago Board Of Trade's most active wheat contract dipped 1 percent to $4.40-1/ 4 a bushel by 0950 GMT while corn fell 0.5...

  • SINGAPORE, Aug 22- Chicago soybean futures edged up on Monday after declining for two sessions, although gains were limited by expectations of historically high U.S. production. Chicago Board Of Trade most-active soybean contract rose 0.3 percent to $10.07-3/ 4 a bushel by 0321 GMT, having closed down 1 percent on Friday. "Investors have continued to pare back...

  • Illinois became the third state— with New York and Connecticut— to abolish the tax just this year, among 15 states where legislation was introduced, said Jennifer Weiss-Wolf of the Brennan Center for Justice. Maryland, Massachusetts, Minnesota, New Jersey and Pennsylvania had previously not charged the tax and five other states have no sales tax.

  • NEW YORK, Aug 19- Stock on major markets fell worldwide on Friday while the U.S. dollar strengthened as investors began to price in a greater likelihood that the Federal Reserve will raise interest rates this year. "Even though the minutes came out on Wednesday afternoon, I suspect that participants are still digesting their contents and updating their...

  • *Oil up nearly $10/ bbl, or almost 25 pct, in just over 2 weeks. Crude futures have risen almost $10 a barrel since early August on speculation that Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries will agree next month to a production freeze deal with non- OPEC producers led by Russia. West Texas Intermediate crude settled up 30...

  • Shares of Deere were up 12.8 percent at $86.75 in late afternoon trading after the company reported better-than-expected second-quarter results. Deere officials said they are relying on cost cutting, not a rebound in demand, to deliver fiscal-year earnings of $1.35 billion, up from the previous forecast of $1.2 billion. Deere has put about 2,000 employees in...

  • NEW YORK, Aug 19- New York has knocked off London as the world's premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital's appeal as a global financial center. New York gained $10.3 billion in cross-border investments in the first six months of the year compared with the...