Business
Three people are dead and at least 50 injured after an Amtrak train derailed Monday in Missouri, Cpl. Justin Dunn, a spokesperson for Missouri State Highway Patrol Troop B, told reporters Monday evening.
The inflation rate reached 8.6% last month, the highest level in 40 years. Food and energy prices, in particular, have skyrocketed forcing the government to take action. The Federal Reserve is raising interest rates to bring down demand and this week President Joe Biden called on Congress to pause federal gas taxes for three months.
For lovers of a craft brew, Chicago’s beer steins overflow with options, you can belly up to more than 160 craft breweries in the city. But even here, it’s rare to find a microbrew crafted by Latinos. Lucky for Chicagoans, there’s a spot that offers brews with all the flavors of Mexico, created by a pair of hermanos from Hermosa.
For the first time in three years, Northalsted and the surrounding neighborhood will host the city’s Pride Parade.
Some 300 members of the International Union of Operating Engineers Local 150 — those who are employed by Chicago-area quarries run by Lehigh Hanson, Vulcan Materials Co. and Lafarge Holcim — went on strike June 7.
At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. If the gas savings were fully passed along to consumers, people would save roughly 3.6% at the pump when prices are averaging about $5 a gallon nationwide.
Paula Fasseas, founder and executive chairman of PAWS Chicago, said she started the shelter as a grassroots organization in 1997 after learning that every year more than 42,000 homeless animals were being euthanized in Chicago.
The cereal and plant-based meat companies will remain headquartered in Battle Creek, Michigan, where Kellogg was founded in 1906. The snack company will be headquartered in Chicago with a campus in Battle Creek, Michigan.
Some changes are coming soon for Chicago’s workers. July 1, a scheduled increase to the minimum wage takes effect, as well as enhancements to the Fair Workweek Ordinance.
Fuller Park is a small community area on the South Side of Chicago, located right off the Dan Ryan Expressway. Despite being considered one of the poorest neighborhoods in Chicago, community leaders have been investing in the neighborhood for years.
The central bank is ramping up its drive to tighten credit and slow growth with inflation having reached a four-decade high of 8.6%, spreading to more areas of the economy and showing no sign of slowing.
“We believe it’s in the best strategic interest of the company to make this move,” CEO Jim Umpleby said.
With Tuesday’s successful vote in Chicago and another in St. Louis, organizers say there are now 150 union Starbucks locations around the U.S.
A new fast-food chain restaurant opens in Russia, and it might look and taste familiar. Ann Dwyer takes us behind the headlines.
The Lucy Gonzalez Parsons apartments opened in May near the Logan Square Blue Line station. The seven-story complex, which features retail space and 100 affordable units. In Pilsen, the Pilsen Housing Cooperative offers a blueprint for community-led affordable housing.
Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of 8.3%, the Labor Department said Friday. The new inflation figure, the highest since 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively.