The S&P 500 jumped 2.3% for its best day since 2022 and shaved off all but 0.5% of its loss from what was a brutal start to the week. 

The S&P 500 climbed 1% to break a brutal three-day losing streak. It had tumbled a bit more than 6% on a raft of concerns, including worries the Federal Reserve had pressed the brakes too hard for too long on the U.S. economy through high interest rates in order to beat inflation.

The S&P 500 was down by 2.1% in midday trading. The Dow Jones Industrial Average was reeling by 763 points, or 1.9%, as of 12:20 p.m. Eastern time, and the Nasdaq composite slid 2.4%.

The Damen ‘L’ station, located at North Damen Avenue and West Lake Street, connects a 1.5-mile gap of service that existed between the California and Ashland stations on the Green Line. The station restores rail service in the area for the first time in 76 years.

The Century and Consumers Buildings – which date to 1916 and 1913, respectively – have been empty since they were purchased by the government in 2005 through the use of eminent domain.

Thousands of journalists spoke with recruiters or networked at the career fair. Meeting rooms overflowed with attendees listening to panel discussions on career growth and industry changes, including conversations around artificial intelligence and new considerations in criminal justice coverage.

Robert “Kelly” Ortberg, a former CEO at aerospace supplier Rockwell Collins, will succeed David Calhoun, 67, as CEO and president effective Aug. 8, the company said.

McDonald's global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped meals out or chose cheaper options. The company said it's working on fixes, but it expects same-store sales to be down for the next few quarters.

PsiQuantum, which is set to receive $200 million in tax incentives for its work in Illinois, will serve as the anchor tenant of a quantum campus on the city’s Southeast Side that, at the behest Pritzker, the state is allocating $300 million from this year’s budget to build.

America’s economy is about to stick what’s called a “soft landing,” which is when inflation returns to the Fed’s target without a recession — a feat that’s only happened once, during the 1990s, according to some economists.

If the Bally’s hotel and casino on the Chicago River aren’t built with birds in mind, the question isn’t whether birds will die in collisions but how many. “It could rival the carnage at McCormick Place,” one advocate said.

A gallon of gas in Chicago is now selling for an average of $4.34, according to AAA. That’s 27 cents more expensive than just a week ago after a tornado narrowly missed the Joliet Refinery and knocked power out to the Channahon, Illinois, facility.

From brats to cheese, downtown Milwaukee businesses are hoping for a boost from the Republican National Convention. So far, business has been on the slow side. 

Bird-friendly window film is being installed on the convention center’s approximately two football fields’ worth of glass. Work on the $1.2 million project began in early June and is expected to take approximately three months.

The Grant Park Advisory Council voiced concerns to the Chicago Park District and the city regarding NASCAR’s contributions.

Federal prosecutors gave Boeing the choice last week of entering a guilty plea and paying a fine as part of its sentence or facing a trial on the felony criminal charge of conspiracy to defraud the United States.