Chicago

Governor signs Pappas' historic property tax reform law cutting the interest on late taxes from 18 percent to 9 percent

Retrieved on: 
Friday, August 11, 2023
Cook County Board of Commissioners, Tax, Inequality, General assembly, Chicago, Legislation, Assembly, Lawyer, Chicago Community Trust

J.B. Pritzker on Friday signed into law historic reforms to fix long-standing racial inequities and abuses in the state's property tax system spotlighted in two studies issued last year by Cook County Treasurer Maria Pappas.

Key Points: 
  • J.B. Pritzker on Friday signed into law historic reforms to fix long-standing racial inequities and abuses in the state's property tax system spotlighted in two studies issued last year by Cook County Treasurer Maria Pappas.
  • Pappas' property tax equity legislation will help Cook County property owners who fall behind on their taxes by slashing in half interest rates on late payments — from 18% to 9% per year.
  • The reduction will save homeowners and businesses $25 million to $35 million a year, with most savings realized in Black and Latino communities.
  • "We expect this law will rebalance the property tax system in favor of residents and local governments.

dxFeed Launches Cboe® EDGX® Summary Depth Market Data Feed

Retrieved on: 
Friday, August 11, 2023
Chicago, Digital, Cboe Global Markets, Cryptocurrency, Online shopping

NEW YORK, Aug. 11, 2023 /PRNewswire/ -- dxFeed, a leading market data solutions and index management provider for the global financial industry, both traditional and crypto, expanded its offering with the Cboe EDGX Summary Depth market data feed.

Key Points: 
  • NEW YORK, Aug. 11, 2023 /PRNewswire/ -- dxFeed, a leading market data solutions and index management provider for the global financial industry, both traditional and crypto, expanded its offering with the Cboe EDGX Summary Depth market data feed.
  • Cboe EDGX Summary Depth provides depth-of-book quotations and execution information for EDGX Exchange and presents a Price Level Book that aggregates five levels of market data on each side.
  • Cboe EDGX Summary Depth available through dxFeed enables users to access critical market information without breaking the bank.
  • "Now, we're happy to expand our collaboration with dxFeed through the Cboe EDGX Summary Depth.

First Trust Expands Its Target Income ETF® Lineup with Two New Funds

Retrieved on: 
Thursday, August 10, 2023
Banking, Professional Services, Finance, AIB (NI), S&P, Chicago, ETF, CFA, Senior, Telecommunications, Target income sales, History, Target, Russell, Growth, Security (finance)

Both funds are actively managed ETFs that seek to provide investors with current income and have a secondary objective of capital appreciation.

Key Points: 
  • Both funds are actively managed ETFs that seek to provide investors with current income and have a secondary objective of capital appreciation.
  • The Target Income Strategy® used by SDVD and TDVI (the “funds”) was developed by Cboe Vest Financial LLC (“Cboe Vest”), sub-advisor to the funds.
  • The Target Income Strategy® seeks to increase total income for investors while participating in the potential price appreciation of the equities held in the portfolios.
  • Each fund compares the dividend income of the equity securities against its target income and looks to bridge any difference with the premiums from the call options.

Intellectual Movement Staunch Moderates® Debut Feature Documentary MISSION PEACE Begins Academy Awards®- Qualifying Screening Run at Tiburon Cinelounge August 18-24

Retrieved on: 
Tuesday, August 8, 2023
Music, Flash lock, Main Street, The Incredible Hulk, Frustration, GREGORY, Rolling Stone, Fitness, TIME, News, The Cover of "Rolling Stone", Hip, Rotation, Grammy Awards, AND, DROPS, BO, Philosophy, Diplomatic Mission Peace and Prosperity, Movement, Divide, Entrepreneurship, Social media, MOST, Thought, Chicago, Climate change, Chevrolet, Grammy Award for Best Rock Performance, Radio, WWE, Bigfoot, Family, RAP, MUSIC, Chicago Recording Company, San Francisco Bay Area, IHeartRadio, Showtime, OUR, Pier 39, Birth control, Film industry, Sport

ASPEN, Colo., Aug. 8, 2023 /PRNewswire/ --

Key Points: 
  • NEW MUSIC SINGLE FROM STAUNCH MODERATES, "ROLLING STONE," DROPS AUGUST 7TH (LISTEN HERE )
    The intellectual and philosophical movement Staunch Moderates' debut documentary film MISSION PEACE begins its Academy Awards-Qualifying theatrical run with limited engagements at Tiburon Cinelounge August 18-24.
  • The feature-length documentary chronicles the movement's creation and journey throughout the turbulent and polarizing 2020 presidential election year.
  • The latest effort from the organization and founder Greg Simmons is a feature-length theatrical documentary called MISSION PEACE that  tells the story of this new political movement.
  • According to Simmons, "Staunch Moderates is a philosophy to live by to sustain the human race.

Cboe Global Markets Reports Results for Second Quarter 2023

Retrieved on: 
Friday, August 4, 2023
Uncertainty, Chicago, Capital expenditure, Table, Share repurchase, Lit, Telephone, ADV, Business, GAAP, RPC, Acquisition, Depreciation, FX, Corporation, Webcast, Growth, Cboe Global Markets, Digital, Stock, NEO, Paradox Access Solutions, Bank, Video game, Renewable energy, Cryptocurrency, Pharmaceutical industry

CHICAGO, Aug. 4, 2023 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE) today reported financial results for the second quarter of 2023.

Key Points: 
  • Access and capacity fees were 5 percent higher than second quarter 2022 and market data fees were 11 percent higher than second quarter 2022.
  • Cboe's Options exchanges had total market share of 33.3 percent for the second quarter of 2023 compared to 33.2 percent in the second quarter of 2022, reflecting increased proprietary index products traded compared to the second quarter of 2022.
  • Cboe's U.S. Equities exchanges had market share of 12.7 percent for the second quarter of 2023 compared to 13.6 percent in the second quarter of 2022.
  • Executives of Cboe Global Markets will host a conference call to review its second-quarter financial results today, August 4, 2023, at 8:30 a.m. ET/7:30 a.m. CT.

Cboe Global Markets Reports Results for Second Quarter 2023

Retrieved on: 
Friday, August 4, 2023
Uncertainty, Chicago, Capital expenditure, Table, Share repurchase, Lit, Telephone, ADV, Business, GAAP, RPC, Acquisition, Depreciation, FX, Corporation, Webcast, Growth, Cboe Global Markets, Digital, Stock, NEO, Paradox Access Solutions, Bank, Video game, Renewable energy, Cryptocurrency, Pharmaceutical industry

CHICAGO, Aug. 4, 2023 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE) today reported financial results for the second quarter of 2023.

Key Points: 
  • Access and capacity fees were 5 percent higher than second quarter 2022 and market data fees were 11 percent higher than second quarter 2022.
  • Cboe's Options exchanges had total market share of 33.3 percent for the second quarter of 2023 compared to 33.2 percent in the second quarter of 2022, reflecting increased proprietary index products traded compared to the second quarter of 2022.
  • Cboe's U.S. Equities exchanges had market share of 12.7 percent for the second quarter of 2023 compared to 13.6 percent in the second quarter of 2022.
  • Executives of Cboe Global Markets will host a conference call to review its second-quarter financial results today, August 4, 2023, at 8:30 a.m. ET/7:30 a.m. CT.

2ND VOTE FUNDS to close its 2ndVote Life Neutral ETF (LYFE) and 2ndVote Society Defended ETF (EGIS)

Retrieved on: 
Wednesday, August 2, 2023
Chicago, Sale, Trustee, Capital gain, EGIS, Fund, Security (finance)

As a result, the Board concluded that liquidating and closing each Fund would be in the best interest of the Fund and its shareholders.

Key Points: 
  • As a result, the Board concluded that liquidating and closing each Fund would be in the best interest of the Fund and its shareholders.
  • The Funds will not accept purchase orders after the Closing Date.
  • Shareholders may sell their holdings in each Fund through the Closing Date, and customary brokerage charges may apply to these transactions.
  • The liquidation of each Fund’s portfolio may result in brokerage costs, which will be borne by the Fund and its shareholders.

FAMILIES OF HALL OF FAMERS ENSHRINED POSTHUMOUSLY TO RECEIVE RINGS OF EXCELLENCE CREATED BY KAY JEWELERS

Retrieved on: 
Tuesday, August 1, 2023
NFL, Dick Stanfel, Washington Commanders, Chicago Bears, Partnership, Super Bowl, New York Jets, Tom Benson Hall of Fame Stadium, Detroit Lions, Policy, Eye, Season, Historically black colleges and universities, Sterling, Hope, Chicago, Hall of Fame Game, Record, The Fame Game, Pro Football Hall of Fame, Pittsburgh Steelers, History of the Detroit Lions, Divisional patent application, Love, Hall, National Football League Draft, Pro Bowl, Jet, History of the Los Angeles Rams, Unified combatant command, Family, Pro, World Golf Village, Jewellery, Boilermaker, Fame, Hill

CANTON, Ohio, Aug. 1, 2023 /PRNewswire/ -- The Pro Football Hall of Fame will present six Rings of Excellence to the families of enshrinees who in previous years were elected posthumously during halftime of the 2023 Hall of Fame Game on Thursday, Aug. 3, at Tom Benson Hall of Fame Stadium.

Key Points: 
  • Last year, the Hall of Fame revised its policy regarding the presentation of a Ring of Excellence to enshrinees elected posthumously.
  • President of the Pro Football Hall of Fame, Jim Porter, and Divisional Vice President – Kay Jewelers, Jenn Hammond, will present a family representative with their respective Ring of Excellence at the game.
  • "Continuing this special ceremony is a vital part of welcoming all enshrinees and their loved ones fully into the Hall of Fame family," Porter said.
  • "KAY Jewelers is happy to continue their long-standing partnership with the Pro Football Hall of Fame to celebrate those entering the Hall of Fame, particularly those being recognized posthumously.

Churchill Downs Incorporated Reports 2023 Second Quarter Results

Retrieved on: 
Wednesday, July 26, 2023
Nemacolin Woodlands Resort, Chicago Bears, Comprehensive income, River, Tax, Chicago, GAAP, Sale, Accounting, Acquisition, Investment, Depreciation, EPS, Adjustment, News, Insurance, Bank, Video game, Cryptocurrency, Bookkeeping, EBITDA

For the second quarter of 2023, Adjusted EBITDA decreased $3.7 million primarily driven by increased corporate compensation and benefits related expenses.

Key Points: 
  • For the second quarter of 2023, Adjusted EBITDA decreased $3.7 million primarily driven by increased corporate compensation and benefits related expenses.
  • The Company's second quarter of 2023 net income was $143.0 million compared to $339.3 million in the prior year quarter.
  • Excluding the items above, second quarter 2023 net income increased $21.8 million primarily due to the following:
    $43.9 million after-tax increase primarily driven by the results of our operations;
    Partially offset by a $22.1 million after-tax increase in interest expense associated with higher outstanding debt balances.
  • Arlington's results and exit costs in 2022 and 2023 are treated as an adjustment to EBITDA.

Global X Expands Covered Call Suite with Launch of Dow 30 Covered Call & Growth ETF (DYLG)

Retrieved on: 
Wednesday, July 26, 2023
Global X ETFs, Chicago, ETF, Dow Jones, Index, Federal Reserve responses to the subprime crisis, Federal Reserve, CBOE DJIA BuyWrite Index, Growth, Research, Dow Jones Industrial Average, Security (finance), Fed

NEW YORK, July 26, 2023 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Dow 30 Covered Call & Growth ETF (DYLG).

Key Points: 
  • NEW YORK, July 26, 2023 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Dow 30 Covered Call & Growth ETF (DYLG).
  • However, with rate hikes possibly nearing a plateau, investors looking ahead may want to balance their income and growth potential.
  • Historically, covered call strategies required investors to trade options themselves, a task requiring expertise and frequent hands-on trading.
  • But the availability of exchange-traded funds that incorporate covered call strategies can help investors efficiently add these strategies to their portfolios.