Between supply chain problems, inflation and the shadow of a pandemic, the outlook for small retail and food businesses continues to be uncertain this holiday season.
Business
This week, CASHDROP founder Ruben Flores-Martinez announced he is putting $1 million of his own equity into what he calls the Latino Renaissance Fund, which will be distributed to 1,000 Latino-owned businesses.
Over Thanksgiving week, hundreds of Robbins residents were left with dry homes following two water main breaks. It is just part of a long history of water infratructure problems in the town.
As head of a regional Fed bank, Goolsbee will have a vote on the central bank’s interest rate decisions in 2023. Each year, four of the regional bank presidents rotate into voting positions on the Fed’s rate-setting committee.
The government estimates food prices will be up 9.5% to 10.5% this year. And that's squeezing the budgets of many Americans and the food banks that have helped them, especially with the expiration of the massive flow of pandemic relief aid.
Researchers say despite the pandemic and inflation concerns this year, people are still giving their money — but cautiously.
The settlements stem from complaints alleging Google paid to have radio personalities endorse and talk about their personal experiences using the Pixel 4, one of the company’s cellphones, according to California Attorney General Rob Bonta.
Online shopping hit record levels last Friday, despite consumers’ concerns about the economy being at the highest level since the 2008 Great Recession.
One of Chicago’s fastest-growing companies looks to shed half of its headquarter space in the Loop. A glimmer of hope for suburban renters as rent prices rise. And the Wirtz family takes on a project off the ice.
Inflation, gas prices, retail — we take a look at the top business stories of the year and look into our crystal ball for 2023.
Foxconn, the biggest contract assembler of smartphones and other electronics, is struggling to fill orders for the iPhone 14 after thousands of employees walked away from the factory in the central city of Zhengzhou last month following complaints about unsafe working conditions.
The stand-off between railroad companies and a dozen unions representing workers from conductors to locomotive engineers is for the second time heading toward a possible strike.
For families already stretching to make ends meet, higher food prices means seeking help from local food pantries. Many Chicago-area pantries are reporting a significant increase in demand.
One of the biggest rail unions rejected its deal Monday, joining three others that have failed to approve contracts over concerns about demanding schedules and the lack of paid sick time. That raises the risk of a strike, which could start as soon as Dec. 5.
A local private equity firm buys the site where Bally’s plans a big Chicago casino complex. A national strike looms as one of the country’s largest railroad unions votes down a tentative contract. And expect a surge in airline travel this Thanksgiving week.
A wave of layoffs at tech giants like Facebook parent Meta, Amazon and Twitter — along with falling share prices — seems to signal a changed environment for big tech.
