Chicago residents grapple with saving and spending
By Minghe Hu Medill Reports As a father of eight children, George Grea works hard at two jobs to pay off debts, his mortgage and to save money. Troubled by spending more than he should with his credit cards, the 47-year-old parent got rid of all of them and decided to build up his credit […]
Boeing is strong despite drop in stock price
By Minghe Hu Medill Reports Wall Street expects the stock performance of Boeing Co. will overcome the turbulence of trade war with China because of strong market demand, although its stock price shows that investors have concerns. The Chicago-based airplane behemoth is one of the largest commercial aircraft makers and defense contractors in the world. […]
ChiHuo Chicago builds a bridge between foodies and restaurants
By Minghe Hu Medill Reports ChiHuo means foodie in Mandarin, and a two-year-old online promoter of Chinese food called ChiHuo Chicago has a growing following in the Chinese community. It’s one of nine such ventures around the country operated by Chinese parent ChiHuo. As a startup, ChiHuo Chicago has grown from a personal social medium […]
Cboe outlook just fine despite VIX-related angst, analysts say
By Minghe Hu Medill Reports As inverse-VIX trading dried up during the stock market’s 10-percent correction in February, shares of VIX originator Cboe Global Markets Inc. plummeted a startling 18 percent. But, buoyed by reassuring words from Cboe’s chief executive officer, the high-flying stock partially recovered and the exchange’s outlook remains solid for 2018 in […]
Can robots solve the aging problem in Japan’s work force?
By Minghe Hu Medill Reports It’s getting hard for employers to find qualified workers in Japan, and a rapidly aging society is the reason for the worker shortage. Robots may help. In September 2017, 28 percent of the population was over 65 years old, according to the Ministry of Internal Affairs and Communications of Japan. […]
ICE Earnings Narrowly Beat Estimate
By Minghe Hu Medill Reports Intercontinental Exchange (NYSE: ICE), which owns the New York Stock Exchange, reported Wednesday net earnings roared 248 percent to $1.2 billion, or $2.08 per diluted share, in its fourth quarter ended Dec. 31, 2017, from $352 million, or 59 cents per diluted share, a year earlier, assisted by a $764 […]
ADM earnings beat expectation
By Minghe Hu Medill Reports Archer-Daniels-Midland Co. (Nasdaq: ADM) reported net earnings boomed 86 percent to $788 million, or $1.39 per diluted share, in its forth quarter ended Dec. 31, 2017, from $424 million, or 73 cents per diluted share, a year earlier, helped by $379 million, or 73 cents per share, from the U.S. […]
CME Group Earnings Beat Expectations
By Minghe Hu Medill Reports CME Group Inc.(Nasdaq:CME), the world’s largest futures exchange, reported Thursday net income roared to $2.9 billion, or $8.63 per diluted share, in its fourth quarter ended Dec. 31, from $373.4 million, or $1.10 per diluted share a year earlier, assisted by a $2.4 billion tax benefit as a result of […]
U.S. Jobless Claims Point to a Healthy Labor Market
By Minghe Hu Medill Reports The number of Americans filing for initial unemployment insurance benefits, seasonally adjusted, increased to 233,000 in the week ended Jan. 20 from the revised 216,000 in the prior week, according to the Labor Department. The four-week moving average of initial claims, a better indication of the recent trend, fell 3,500 […]
