The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P 500 fell 1.7%, close to its 2022 low set in mid-June, while the Nasdaq slid 1.8%. The selling capped another rough week on Wall Street, leaving the major indexes with their fifth weekly loss in six weeks.
Business
Sep 22, 2022 |
Chicago's City Council approved a pilot program that will allow restaurants and grocery stores to make deliveries via "personal delivery devices (PDDs)," aka, robots.
Sep 22, 2022 |
Employees at a Starbucks in west suburban Elmhurst say they’ve filed for union representation, joining hundreds of other coffee shops around the country and in the Chicago area.
Sep 21, 2022 |
The Chicago Fire’s plan is set to transform the vacant Near West Side property into practice soccer fields and a training and administrative building. The empty land was part of the massive CHA complex known as the Addams-Brooks-Loomis-Abbott homes.
Sep 21, 2022 |
The Illinois Lottery said the prize for the July 29 drawing, which was the nation’s third-largest lottery prize, was claimed by two individuals who had agreed to split the prize if they won. They opted to take a lump sum payment of $780.5 million, lottery officials said Wednesday.
Sep 19, 2022 |
The developer behind the Lincoln Yards mega-project has plans for a large apartment building close by. A software company based in Finland is looking to hire more people in Chicago. And, the building owners of Tavern on Rush are eyeing an overhaul.
Sep 17, 2022 |
The U.S. Bureau of Labor Statistics reported 1.3 million job openings in the accommodations and food industry, which makes up 11% of the total openings across all occupations nationwide. The shortage has caused a strain on current restaurant workers, shortened business hours, and even led to the closing of many restaurants.
Sep 17, 2022 |
This month, the Shriver Center released a report based on interviews with low-wage workers across Illinois. It found people like home health aides, rideshare workers and warehouse workers struggle with not just low wages but a lack of benefits, insufficient safety protections and job security.
Sep 17, 2022 |
The leaders of events management platform Eventnoire and revenue management tool for the vacation rental industry Buoy Pricing were awarded $100,000 each from the Google for Startups Black Founders Fund.
Sep 15, 2022 |
Burr Ridge Mayor Gary Grasso has criticized Chicago and Illinois officials for not informing the village of the migrants’ arrival ahead of time, and said that at this point, his office is actively working with businesses and the school district to assist the families staying at the hotel.
Sep 15, 2022 |
Railroads and union representatives had been in negotiations for 20 hours at the Labor Department on Wednesday to hammer out a deal, as there was a risk of a strike starting on Friday that could have shut down rail lines across the country.
Sep 14, 2022 |
The countdown is on for railroad companies and unions to reach a deal. If one isn’t reached by late Thursday night, workers could strike. That would have a big impact, most immediately for commuters.
Sep 14, 2022 |
House lawmakers heard testimony Wednesday on barriers workers say they face to organizing, and what pro-business groups and Republicans in Congress call Democratic overreach.
Sep 14, 2022 |
Researchers at NewsGuard searched for content about prominent news topics on TikTok and say they found that nearly 1 in 5 of the videos automatically suggested by the platform contained misinformation.
Sep 13, 2022 |
The number of farmers in Illinois is declining and the most recent census data shows the average age of a farmer is nearly 60.
Sep 8, 2022 |
The Bears hosted a community meeting Thursday in north suburban Arlington Heights about their plans for a new stadium and entertainment district, and there’s no shortage of opinions.
