Banking

Banking

Trump says Fed's independence hurts him in trade war with China

WASHINGTON (AP) — President Donald Trump complained Monday that Chinese President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China's central bank while Trump must deal with a Federal Reserve.

Federal Reserve chairman hints that trade wars may spur rate cuts

WASHINGTON — Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.

A dynamic duo: Scharlaus to be honored for helping community blossom

URBANA — On the back porch at their longtime home in south Urbana, Ed and Carol Scharlau reminisce about the local community they've seen change and blossom over more than five decades of their married life together.

Getting Personal: Kevan Melchiorre

Each week, we offer a Q&A with a local personality. Today, Kevan Melchiorre, a wealth manager at Busey Bank and the host of WDWS 1400-AM's "Busey Money Talk," chats with staff writer Paul Wood. Melchiorre is on the Crisis Nursery board and is a superhero fan.

Where did you grow up?

Police investigating robbery at downtown Urbana bank

URBANA — Police are investigating a bank robbery Wednesday afternoon in Urbana.

Lt. Rich Surles said about 3:45 p.m., a man entered Heartland Bank and Trust, 602 S. Vine St.

"He had his hands in his sleeves. He presents a note with denominations of cash on it. The clerk was initially confused," Surles said.

Admissions scandal: Ex-Busey board member now faces money-laundering charge

BOSTON — A day after 13 parents agreed to plead guilty to single counts of mail fraud in the college admissions scandal, former First Busey board member Elisabeth Meyer Kimmel and 15 others were hit with a superseding indictment adding money laundering to the list of charges they’re facing.

Entertainment listings, Feb. 28-March 7, 2019

EVENTS

This weekend

RODNEY CARRINGTON

What: The multitalented comedian, actor and writer will perform live in concert.

When: 7 to 9 p.m. Feb. 28.

Where: Virginia Theatre, 203 W. Park Ave., C.

Cost:Reserved seating tickets, $44.75; special VIP packages, $179.75. Additional $5 per ticket processing fees apply (online only).

Entertainment listings, Feb. 21-28, 2019

EVENTS

This weekend

DINNER, AUCTION AND ENTERTAINMENT

What: An evening of entertainment with performances by the award-winning Redcoats, Radiant Reds and Green Machine show choirs, the Red Peppers jazz band and the North Ridge orchestra, live and silent auctions, and a spaghetti dinner. All proceeds support the North Ridge Performing Arts Students.

Entertainment listings, Feb. 14-21, 2019

EVENTS

This weekend

SPURLOCK MUSEUM'S 17TH ANNUAL WINTER TALES CELEBRATION

What: Honoring the cultures of Indigenous Americans and the wisdom and practices they share with others. This year's events inclue a talk on powwows, an educator workshop, and a family concert of storytelling and traditional teachings.

When:4 p.m. Feb. 14; 9 a.m. and 2 p.m. Feb. 16.

Entertainment listings, Feb. 7-14, 2019

EVENTS

This weekend

CELEBRATE THE LIFE AND LEGACY OF DR. MARTIN LUTHER KING, JR.

What: Guest speaker is Dr. James C. Harden and performance by Leadership Development Academy. Refreshments will be served. Sponsored by Concerned Citizens of Rantoul. Rescheduled from Jan. 19.

When: 2 to 3:30 p.m. Feb. 9.

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