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Top News & Analysis Chicago

  • NEW YORK, Feb 16- The dollar weakened against a basket of major currencies on Thursday, posting its steepest one-day drop in over two weeks, due to lower U.S. bond yields and uncertainty over the timing of the Federal Reserve's next interest rate increase. Traders have scaled back bets on a looming U.S. rate hike as they concluded Fed Chair Janet Yellen did not...

  • Canada Goose parkas hang on display at a store in Richmond Hill, Ontario.

    Is Canada Goose profitable? After its IPO filing, here are 7 things we learned about the maker of expensive winter jackets. Buzzfeed reports.

  • *Wall Street pulls back as banks lag. MSCI's All-Country World index hit an intraday record for a second straight session, although stocks on Wall Street dipped as the financial sector lost ground for the first time in five sessions. Data reports showed improvements in exports from Indonesia and Taiwan, along with falling unemployment in Sweden and the...

  • NEW YORK, Feb 16- The dollar weakened against a basket of major currencies on Thursday, retreating further from a one-month high, amid lower U.S. bond yields and uncertainty over the timing of the Federal Reserve's next interest rate increase. Traders have scaled back bets on a looming U.S. rate hike as they concluded Fed Chair Janet Yellen didn't deliver enough...

  • A visit with Rahm Emanuel

    CNBC’s John Harwood talks to Chicago Mayor Rahm Emanuel about which policies he thinks will stay, or go, under the Trump administration.

  • MOSCOW/ PARIS, Feb 16- Russia and the European Union are expected to return to strong competition for the rank of the world's biggest wheat exporter in the new 2017/ 18 marketing season, which starts on July 1, as prospects for their crops are bright so far, analysts said. Russia harvested a record wheat crop in 2016 and is competing for the rank of the world's top wheat...

  • PARIS/ SINGAPORE, Feb 16- Chicago wheat futures inched lower on Thursday as the market took a breather after a day-earlier rally, but remained underpinned by healthy export demand and an expected drop in U.S. acreage that could help trim hefty wheat stocks. U.S. soybeans gave up earlier gains and edged down, pressured by a weaker trend on vegetable oil markets in...

  • Chicago Mayor Rahm Emanuel

    Emanuel has been the target of Trump's barbs over surging gun violence and the "sanctuary" Chicago provides illegal immigrants.

  • Native Americans on the Standing Rock Sioux Reservation in Cannon Ball North Dakota last December.

    The governor of North Dakota ordered protesters on Wednesday to evacuate a demonstration camp near the site of the Dakota Access Pipeline.

  • Republican Doug Burgum ordered demonstrators to leave the camp located on land owned by the U.S. Army Corps of Engineers by Feb. 22, citing safety concerns that have arisen due to accelerated snowmelt and rising water levels of the nearby Cannonball River. His order reaffirms a Feb. 22 deadline set by the Army Corps for the demonstrators to clean up and leave.

  • SEATTLE/ NORTH CHARLESTON, S.C., Feb 15- Boeing Co handily defeated a union drive by workers at the company's aircraft factory in South Carolina on Wednesday, as almost three-quarters of workers at the plant who voted rejected union representation. The NLRB said 74 percent of the 2,828 workers who cast ballots voted against joining the International...

  • NORTH CHARLESTON, S.C., Feb 15- Boeing Co handily defeated a union drive by workers at the company's aircraft factory in South Carolina on Wednesday, as almost three-quarters of workers at the plant who voted rejected union representation. President Donald Trump is due to visit Boeing in South Carolina on Friday, as the company rolls out the first completed...

  • Feb 15- The Broad Institute, a biological and genomic research center affiliated with MIT and Harvard, will keep valuable patents on a revolutionary gene-editing technology known as CRISPR, a U.S. patent agency ruled on Wednesday. Patent and Trademark Office's Patent Trial and Appeal Board in Alexandria, Virginia, rejected a claim by a rival team, associated...

  • Feb 15- Wal-Mart Stores Inc has acquired online outdoor clothing and gear retailer Moosejaw for $51 million in an all-cash deal, the company said on Wednesday, as it works to boost its competitive standing in U.S. e-commerce. In August 2016, the world's largest retailer paid more than $3 billion to acquire online startup Jet.com and in late December, Jet.com...

  • Feb 15- U.S. agricultural trader Bunge Ltd on Wednesday reported a better-than-expected quarterly profit and forecast strong earnings growth in 2017 on expected massive corn and soybean harvests in South America, sending shares nearly 8 percent higher. The company expects its agribusiness unit, the largest in terms of revenue and volumes, to start the year...

  • The company expects its biggest business- the unit that buys, stores, processes and sells agricultural commodities- to start the year slow and progressively improve as volumes and margins pick up in South America. After disappointing crops in South America last year, the region is on track to produce record harvests this season, which aligns well with our...

  • Feb 15- U.S. agricultural trader Bunge Ltd reported a better-than-expected quarterly profit, helped by higher sugar and ethanol prices and improved margins in Brazil. Brazil is expected to harvest at least 104 million tonnes of soybeans this year and nearly 90 million tonnes of corn, according to government and industry analysts. White Plains, New York- based...

  • Feb 15- U.S. agricultural trader Bunge Ltd reported a 39.4 percent jump in quarterly profit, helped by higher sugar and ethanol prices and a stabilizing Brazil economy. The White Plains, New York- based company said net income available to shareholders rose to $262 million, or $1.82 per share, in the fourth quarter ended Dec. 31, from $188 million, or $1.30 per share, a...

  • CHICAGO, Feb 14- The Chicago Public Schools sued Illinois on Tuesday, claiming the state's school funding system discriminates against its largely black and Hispanic student body. The lawsuit asks the Cook County Circuit Court to declare the funding system illegal under Illinois' Civil Rights Act. "Chicago students, who are overwhelmingly students of color,...

  • NEW YORK, Feb 14- Barry James built up his $4 billion mutual fund largely by studying balance sheets, earnings and market share. Trump's unpredictable governing style and stated desire to renegotiate trade agreements and punish companies that seek out lower-cost forms of labor are upending the classic notion of fundamental investing, said James, who manages...