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Top News & Analysis Illinois

  • NEW YORK/ LONDON, July 10- Gold prices edged up on Monday from their lowest since mid-March in choppy trade, after nearing technical support and as traders awaited signals from central banks on interest rate hikes. Federal Reserve Chair Janet Yellen will address Congress. "We're stalling right after the selling got a little exhausted on Friday," said Phillip...

  • As of 12:11 p.m. CDT, CBOT September corn futures were up 8-1/ 2 cents at $4.01 per bushel, with new-crop December corn up 9 cents at $4.13-3/ 4 after reaching $4.15, its highest since June 2016. CBOT August soybeans were up 25-1/ 4 cents at $10.26-1/ 4 after setting a four-month high at $10.29-1/ 2. CBOT September wheat was up 15 cents at $5.50 a bushel while Minneapolis...

  • NEW YORK, July 10- Eleven members of Congress asked the U.S. Securities and Exchange Commission on Monday to stop the sale of the Chicago Stock Exchange to a group led by China- based investors, saying the regulator lacks the ability to monitor the foreign buyers. "With little or no insight and transparency into government-dominated Chinese markets, the SEC will be...

  • CHICAGO, July 10- Illinois' first budget after two years is filled with partial outlines to address its debt-ridden pension system and unpaid bill backlog-- signs that political fighting and the fiscal mess in the nation's fifth-largest state are far from over. To address the state's nearly $15 billion in unpaid bills, Illinois depends heavily on borrowing.

  • CHICAGO, July 10- Illinois' first budget after two years is filled with partial outlines to address its debt-ridden pension system and unpaid bill backlog-- signs that political fighting and the fiscal mess in the nation's fifth-largest state are far from over. To address the state's nearly $15 billion in unpaid bills, Illinois depends heavily on borrowing.

  • NEW YORK, July 7- Technology shares surrendered their leadership in the U.S. stock market over the past month, but the fast-growing group may soon resume its outperformance and maneuver back into pole position. "Technology has taken a rest, but its going to heat up again, and I see tech returning to favor the second half of the year," said portfolio manager J. Bryant...

  • July 7- Missouri joined Arkansas on Friday in banning the use and sale of the weed killer dicamba after a rise in complaints that the agricultural chemical is drifting into neighboring fields and damaging crops, the states agriculture departments said on Friday. "Based on feedback and research, the Department of Agriculture is going to hit the pause button on...

  • July 7- Arkansas will temporarily ban the use and sale of the weed killer dicamba after a rise in complaints that the agricultural chemical is drifting into neighboring fields and damaging crops, the state's agriculture department said on Friday. The emergency 120- day ban of dicamba, produced by Monsanto Co, Germany's BASF and others, will go into effect as soon...

  • HOUSTON, July 7- Shares tumbled on Friday for miners that supply sand to U.S. shale producers for use in fracking, as investors worried about a possible glut of the material the day after a major supplier announced a big new mine in West Texas, home to the Permian Basin, the largest U.S. oilfield. On Thursday, privately held Unimin Corp, the third largest supplier by...

  • NEW YORK, July 7- Technology shares surrendered their leadership in the U.S. stock market over the past month, but the fast-growing group may soon resume its outperformance and maneuver back into pole position. "Technology has taken a rest, but its going to heat up again, and I see tech returning to favor the second half of the year," said portfolio manager J. Bryant...

  • SAN FRANCISCO, July 7- The U.S. economy is now a decade on from the start of the global financial crisis and at what most economists view as full employment, yet when it comes to wage rises, the answer seems to be forget about it. The lack of wage growth is mirrored across the developed world, most of which has staged a slower recovery than the United States.

  • CHICAGO, July 7- Chicago Board of Trade soybean futures rallied 1.4 percent on Friday on hotter and drier forecasts for important growing areas of the U.S. "The six to 10 day weather outlook shows warmer than average temperatures for most of the United States," said Derek Hullett, ag associate at CHS Hedging. CBOT December corn futures ended up 2 cents at $4.04-3/ 4 a...

  • Why Illinois budget Armageddon will spread to other states

    Illinois finally passed a budget Thursday evening after a two-year impasse, but even with the big tax hikes in the measure, Illinois still may not avoid a debt downgrade to "junk" status.

  • NEW YORK, July 7- Technology shares surrendered their leadership in the U.S. stock market over the past month, but the fast-growing group may soon resume its outperformance and maneuver back into pole position. "Technology has taken a rest, but its going to heat up again, and I see tech returning to favor the second half of the year," said portfolio manager J. Bryant...

  • CHICAGO, July 7- Chicago Board of Trade corn and soybean futures rallied on Friday on hotter and drier forecasts for important growing areas of the U.S. "The six to 10 day weather outlook shows warmer than average temperatures for most of the United States," said Derek Hullett, ag associate at CHS Hedging. At 11:46 a.m. CDT, CBOT December corn futures were up 2-3/ 4...

  • NEW YORK, July 7- Traders in the options market are betting that shares of U.S. steel makers will get a boost when the U.S. Commerce Department unveils findings from its investigation into cheap steel imports, according to data and analysts on Friday. Secretary of Commerce Wilbur Ross is expected to announce the outcome of the steel inquiry after Trump has spoken...

  • Contentious end to Illinois budget impasse turns threatening

    A rage-filled electorate lashed out at Illinois' public officials as a two-year fiscal impasse ended on Thursday with a tense security lockdown of its Capitol.

  • Illinois Gov. Bruce Rauner speaks during a news conference, Wednesday, July 5, 2017, in Chicago.

    A rage-filled electorate lashed out at Illinois' public officials as a two-year fiscal impasse ended on Thursday with a tense security lockdown of its Capitol.

  • CHICAGO, July 6- Illinois ended its historic budget drought on Thursday after the House of Representatives enacted the state's first complete spending plan since 2015 by overriding the governor's vetoes. But the $36 billion fiscal 2018 budget and $5 billion tax hike may not save Illinois from becoming the first-ever U.S. state with a junk credit rating.

  • CHICAGO, July 6- Illinois' first full-year budget since 2015 became law on Thursday after the House of Representatives overrode the governor's vetoes of a $36 billion fiscal 2018 spending plan and $5 billion tax hike. But the measures may not save Illinois from becoming the first-ever U.S. state with a junk credit rating. As the nation's fifth-largest state...