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Financial News

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Illinois gas Missouri

Business News

Gas prices dropping in Missouri

(Missourinet) -- Gas prices in Missouri are heading in the right direction, according to AAA Missouri. The average price for regular-unleaded in the Show-Me State is $3.58 a gallon – that’s nine cents a gallon lower than it was a week ago. But $3.58 is still higher than Missouri’s average price a month ago, $3.51 a gallon, and higher than it was a year ago, $3.36 a gallon. Missouri’s average price is still lower than the national average of $3.83 […]

todaySeptember 27, 2023 125

business money investments summer spending

Financial News

FFF: Talking about money with your college student

Having a college student of my own, I can relate to this important article about money by Kathy Sweedler with Illinois Extension. Student loans, rental agreements, car purchases, employment contracts plus day-to-day spending – all in the life of a college student! Between the ages of 18 to 25 years old, people go from spending money on fun to significant financial decisions that can affect them for many years. Launching young adults includes helping them develop healthy financial behaviors. What […]

todaySeptember 3, 2023 99

business money investments summer spending

Financial News

FFF: Summer seasonal spending

I would like to share this great article by Extension Educator Jamie Mahlandt about seasonal spending – especially summer. Acknowledging seasonal and occasional expenses is an important part of your spending plan or budget. Tracking these expenses allows you to plan ahead in case you need to save up. Vacations, kids’ summer camps and daycare, and property taxes may be some seasonally occurring expenses that bust your budget if you are not prepared. Planning for these important expenses throughout the […]

todayAugust 28, 2023 1321

LLCU

Business News

LLCU completes purchase of Colchester State Bank

DECATUR -- Another bank in Central Illinois is now part of the Land of Lincoln Credit Union (LLCU) family. LLCU announced Friday its completion of the purchase and assumption transaction with Colchester State Bank in McDonough County. Through this transaction, LLCU has acquired all assets and liabilities of Colchester State Bank. The completion of this acquisition now results in LLCU's footprint expanding to a total of 14 branches. The initial deal was brokered and signed in December 2022. "We look […]

todayJuly 23, 2023 138

Federal Reserve Jerome Powell

Business News

Federal Reserve starts new instant payment system

WASHINGTON (UPI) -- The Federal Reserve said Thursday that its new system for instant payments to financial institutions has gone live. The Fed said that banks and credit unions can start signing up for the system, called the FedNow Service, which will allow for instant money transfers for customers at any time of the day. "The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient," Federal Reserve Chair Jerome Powell said in a statement. "Over time, […]

todayJuly 20, 2023 1001

Illinois

Business & Lifestyle

Illinois hotels report record revenues for FY23

CHICAGO (Capitol News Illinois) – For hoteliers, business is booming in Illinois. On Monday, Gov. JB Pritzker, the state’s legislative leadership and representatives of the hospitality industry announced that hotels in Illinois saw record revenues in fiscal year 2023, which ended June 30. Across the state, hotels brought in $307.8 million, according to figures from the state’s Department of Revenue. That beats fiscal year 2019, the previous record year for hotel income and the last year before the pandemic upended […]

todayJuly 11, 2023 114

AI

Business News

AI is more helpful than a hindrance

Artificial intelligence, or AI, is the most divisive topic in this half of 2023. But far removed from the doom and gloom scenarios, AI is helping both businesses and their employees achieve larger goals. From helping inexperienced staff to human resources issues, the applications are far and wide. If, as an employer, you aren’t convinced, here are a few examples for your consideration. Reducing workplace risk There is risk in almost any sector. And the volume directly dictates how much […]

todayJuly 8, 2023 106

gas prices

Business & Lifestyle

Gas prices wobble, but not falling

WASHINGTON, D.C. — Gas prices at the pump barely budged over the past week, despite the expected demand surge due to the Independence Day holiday. AAA predicted that more than 43 million people would hit the road to celebrate the nation’s birthday. Despite the record number, the national average for a gallon of gas drifted two cents lower since last week to $3.52. “Gas prices may rise over the next few days based on slightly higher demand,” said Andrew Gross, AAA […]

todayJuly 6, 2023 128

stocks stock business

Business & Lifestyle

Stocks rise after strong first half of 2023

NEW YORK (UPI) -- The U.S. stock markets closed early Monday in observance of the Fourth of July holiday with the Dow, S&P 500, and NASDAQ all rising. Monday marked the start of the second half of 2023 and added to a strong first half for the markets. The Dow Jones Industrial Average rose 10.87 points, or 0.032%, to close at 34,418.47. The S&P 500 was up 5.21 points, or 0.12%, closing at 4,455.59, and the NASDAQ Composite jumped 28.85 points, […]

todayJuly 3, 2023 118

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