Business
The Dow surged 1,569 points, or 3%, and had its best day since April 2025. The Dow also posted its biggest post-midterm elections single-day gain since 1982, according to data from CFRA Research.
A new ChicagoSpeaks survey conducted by NORC at the University of Chicago offers insight into Chicagoans’ financial pressures, concerns of job loss and the inability to pay bills, along with the role of federal safety net programs like SNAP and Medicaid.
A rate hike proposed by Peoples Gas is sparking debate over affordable energy and the necessity of replacing century-old iron pipes in Chicago.
The data center developers have paid $721 million in deposits for the infrastructure needed to connect to the grid. Utility watchdogs warn that Illinois households and small businesses could end up footing the bill for the gap.
Plans to convert a Bridgeport railyard into an Amtrak maintenance facility will receive an environmental review as part of the permitting process, a reversal after the project originally qualified for a categorical exclusion.
Track work is set to begin at 4 a.m. Saturday. Regular service is scheduled to resume at 4 a.m. Monday following completion of the work and required testing. Shuttle buses will operate around the affected area.
About 85% of workers represented by UNITE HERE Local 1 voted to authorize a strike after more than 7,000 workers across 46 Chicago hotels were left without a contract as of Sept. 1. The workers include room attendants, cooks, dishwashers and other hospitality workers.
With 14,000 employees and over $2 billion lent in Chicago over the past five years, JPMorgan Chase has a significant footprint in the city. CEO Jamie Dimon sat down with “Chicago Tonight” for an exclusive broadcast interview.
The combined health systems, if approved, would operate under the Rush name, according to an announcement. Together, the unified system would have more than 46,000 employees and serve more than 2 million patients annually, according to the hospitals.
It’s a new era for CTA, Metra and Pace as the Northern Illinois Transit Authority becomes the new oversight agency for all three systems. NITA was created by the Illinois General Assembly as part of a $1.5 billion transit bill.
Hundreds of hotel workers from a half dozen Chicago hotels remain on strike Monday, days after walking off the job in a push for improved wages, healthcare benefits and a safer workload.
The Illinois Commerce Commission this week recommended a 54% cut to the proposed $144 million increase, which would bring the number down to $66 million. Peoples Gas says the rate hike is necessary to replace old iron pipes and modernize its system.
The state’s annual wagering report shows tax revenues from casinos, sports gambling, slot machines and the lottery exceeded $2.7 billion.
Hiring dropped from a revised 133,000 in August, the Labor Department said. The unemployment rate rose to a still-low 4.2% from 4.1% in August.
The vote comes after journalists at the suburban newspaper announced efforts in August to form a union following the layoffs of a dozen staffers. The layoffs occurred less than two months after the publication was acquired by Tribune Publishing.
The new 1.5-mile dedicated bus lane will be installed on northbound Michigan Avenue between Roosevelt Road and Wacker Drive in an effort to reduce delays along the downtown corridor, the city announced Wednesday.