McDonald’s Chief Financial Officer Ian Borden said U.S. prices were 10% higher than last year in the July-September period. But while some lower-income consumers appeared to shift to cheaper menu items, overall demand remained strong.

Thursday’s better-than-expected estimate from the Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — grew in the third quarter after having shrunk in the first half of 2022.

The unionization announcement comes one day after Lakeview Starbucks employees voted 11-to-1 in favor of representation, according to voting results shared by organizers. On Monday, Glenview Starbucks workers announced they plan to organize as well.

Workers at a Lakeview Starbucks voted 11-1 on Tuesday to form a union, according to vote results shared by organizers.

The sneaker giant became the latest company to cut ties with Chicago native Ye, who was suspended from Twitter and Instagram this month over antisemitic posts that the social networks said violated their policies.

The Federal Trade Commission is expected to review the $25 billion deal between Kroger and Albertsons to ensure it complies with antitrust laws. Locally, the merger would combine the parent companies of Chicago grocery stalwarts Jewel Osco and Mariano’s.

Chicago biotech company Tempus raises hundreds of millions of dollars in funding from some big-name players. And another apartment building is proposed for what has become Chicago’s hottest neighborhood for multi-family units.

As firms and other businesses have started locating their offices in other parts of town, and with the massive shift in work patterns driven by COVID-19, the eight-block stretch has become home to more vacancies than any other part of downtown. Now, the city has an ambitious plan to spur development.

The president will also open the door to additional releases this winter in an effort to keep prices down. But administration officials would not detail how much the president would be willing to tap, nor by how much they want domestic production to increase to end the withdrawals.

Gig workers like ride-hailing drivers and delivery people are a key part of the modern U.S. economy. Most of those workers are contracted, and therefore not considered full employees with all the benefits included.

One year after the Chicago City Council approved what Lightfoot calls the Chicago Recovery Plan, city officials have spent just $130.5 million of the $1.227 billion earmarked for a host of programs including affordable housing, mental health, violence prevention, youth job programs and help for unhoused Chicagoans, according to data released as part of the mayor’s 2023 budget proposal.

Two Chicago high-rises hit the market, leaving more than 700 downtown apartments up for sale. And a loan tied to a distressed hotel in River North sells at a steep discount.

A building explosion on Sept. 20 left one person dead and several injured in the Austin community on Chicago’s West Side. With help from neighbors, residents are slowly starting to rebuild. 

Starbucks is shutting down one of the first Chicago locations where workers unionized – just days before the company was set to begin negotiations on a contract.

The cost-of living adjustment — the largest in more than 40 years — means the average recipient will receive more than $140 extra a month beginning in January, the Social Security Administration said Thursday.

Some members of Chicago’s tech and business communities say Google’s expansion into the Thompson Center shows the city’s potential to grow into a bigger tech hub.