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A federal court imposed an unusually stiff financial penalty and a lifetime ban against the already-jailed Christopher St. Lawrence.

The Federal Reserve announced it will review monetary policy strategies, tools, and communication practices next year.

Voters appear to have rejected $8.9 billion water bond measure only five months after approving a $4 billion water bond.

Sycamore Advisors taps muni veterans Dominick Setari and Chris Valentino to help build its Northeast muni business.

Fitch Ratings dropped the South Carolina utility’s rating two notches to A-minus and revised the outlook to negative, citing a legal claim by its largest customer.

Monetary policy is near a neutral level, one that neither stimulates nor restricts economic growth, according to Federal Reserve Bank of Atlanta President Raphael Bostic, who noted that caution should be used going forward.

Chicago is heading to market Thursday with a scaled-down version of sales tax securitization bonds.

A new algorithm is used to examine retail markups to determine the impact of the disclosure rule.

The deal allows the authority to exit a 280-year lease and take ownership of the station, the Hudson Line and the Harlem Line.

The goal of a rating agency is to facilitate commerce and to protect investors, according to Kroll Bond Rating Agency’s CEO James Nadler. He and managing director William Cox also discuss the effort to foster a healthy dialogue with investors. John Hallacy is host.

Business inventories were up 0.3% to $1.967 trillion in September, while sales were 0.4% higher at $1.468 trillion, the Commerce Department reported Thursday.

Chicago is coming to market Thursday with its delayed sales tax securitization bonds.

Import prices were up 0.5% in October, up 0.2% excluding petroleum.

Initial jobless claims rose 2,000 to 216,000 in the week ended November 10, the Labor Department said Thursday.

U.S. retail sales rose in October by the most in five months on purchases of autos, fuel and building materials.

Manufacturers report expansion at a slower rate in November.

Prices paid remained elevated, employment levels rose and business activity expanded faster in November, according to the Empire State Manufacturing Survey.

Federal Reserve Chairman Jerome Powell said the U.S. economy is strong but could face headwinds next year.

The NASBO report released Thursday showed some bright spots for state ledgers.

The Chicago City Council approved the 2020 budget in a near unanimous vote.