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Stifel's profit jumps, fueled by investment banking

2 months 3 weeks ago
Stifel Chairman and CEO Ron Kruszewski told financial analysts Wednesday that its investment banking franchise is well-positioned to capitalize on improving market conditions this year and he was bullish on President Donald Trump's administration.
James Drew

U.S. Bancorp names Gunjan Kedia CEO

2 months 3 weeks ago
Gunjan Kedia, 54, started at the bank in 2016 and was promoted to president of the bank last summer — a strong signal by the Minneapolis-based bank, which is St. Louis' largest, that she would soon be elevated to the top executive rank.
Keith Schubert

Gov. Mike Kehoe dips deeply into surplus as Missouri budget grows to nearly $54B

2 months 3 weeks ago
A boost Missouri Gov. Mike Kehoe touts as the largest increase in public school funding in two decades will fall about $300 million short of meeting the targets set in state law for public education. He also suggests shifting $50 million into a program that helps pay for students to attend private and religious schools. Kehoe, elected in November, presented his first budget Tuesday. Overall, he is asking lawmakers to use about $2.5 billion of accumulated surplus cash to balance a $53.7 billion…
Rudi Keller

After years of pedestrian crashes outside Ted Drewes, road safety improvements underway

2 months 3 weeks ago
A stretch of Chippewa Street outside Ted Drewes Frozen Custard is undergoing long-awaited safety improvements after years of serious pedestrian crashes, the city of St. Louis announced Tuesday. "We are taking advantage of the frozen custard season being on hiatus and are now at work installing safety improvements along Chippewa by Ted Drewes," the city said in a post to social media platform X. Improvements include "bump-out" curb extensions, barriers, a crosswalk and new lighting. The east parking…
Kelsi Anderson

Missouri governor vows state takeover of St. Louis police in State of the State address

2 months 3 weeks ago
Missouri Gov. Mike Kehoe doubled down on his support for a state takeover of the St. Louis Police Department on Tuesday, telling lawmakers during his first State of the State address that crime in the city is “unacceptable.” He also waded carefully into the debate over abortion, stopping short of suggesting any rollback of reproductive rights that were enshrined by voters into the state constitution and instead proposing additional funding for alternatives to the procedure.  “Let’s work…
Jason Hancock

Trump administration memo announces abrupt freeze on broad swath of federal payments

2 months 3 weeks ago
WASHINGTON — The Trump administration will temporarily stop payments on multiple federal programs Tuesday evening, cutting off Americans who rely on what could be trillions in funding and setting off a legal challenge over Congress’ constitutional spending authority. The two-page memo from the Office of Management and Budget announcing the freeze appeared to apply to all federal financial assistance, including grants and loans, though a memo footnote said it should not be “construed to impact…
Jennifer Shutt

Missouri lawmakers consider funds for radioactive waste testing in St. Louis

2 months 3 weeks ago
Missouri lawmakers are again considering legislation that would increase funding to allow local governments to test for additional radioactive waste around contaminated sites in the St. Louis region. The Missouri House Special Committee on Intergovernmental Affairs on Monday discussed the bill sponsored by Republican state Rep. Mark Matthiesen of O’Fallon, Missouri. It’s similar to legislation Matthiesen proposed last year but includes even more money for testing. “There’s a lot of concern…
Allison Kite