The nation’s gross domestic product — its total output of goods and services — expanded 5.7% in 2021. It was the strongest calendar-year growth since a 7.2% surge in 1984 after a previous recession.
The stock market extended its three-week decline and put the benchmark S&P 500 on track for a so-called correction — a drop of 10% or more from its most recent high.
The Labor Department reported Wednesday that excluding volatile food and gas prices, so-called core prices surged 0.6% from November to December. Measured year over year, core prices jumped 5.5% in December, the fastest such increase since 1991.
The Labor Department also reported Tuesday that employers posted 10.6 million job openings in November, down from 11.1 million in October but still high by historical standards.
Stock indexes are mixed on Wall Street in afternoon trading Tuesday, placing the market within striking distance of another record high as investors close out their positions for 2021.
While some business owners say requiring proof of COVID-19 vaccination will limit spread of COVID-19, others worry about how it will impact their business – and how patrons will react.
A heightened sense of anxiety has begun to erode the willingness of some people and businesses to carry on as usual in the face of the extraordinarily contagious omicron variant, which has fast become the dominant version of the virus in the U.S.
A full-court press from the owners of the Cubs, White Sox, Bulls and Blackhawks helped the measure backed by Mayor Lori Lightfoot hit the jackpot despite the opposition of Chicago billionaire and Rivers Casino Des Plaines operator Neil Bluhm.
Families are lining up around the city to meet with the big guy himself. In some places, there's a struggle to meet the demand.
In October, the Chicago City Council approved a $31.5 million plan to send checks to the city’s families most in need, promising immediate assistance. But no assistance has gone out yet.
A full-court press from the owners of the Cubs, White Sox, Bulls and Blackhawks on Monday helped push the measure backed by Mayor Lori Lightfoot over the goal line.
Economists are now voicing a more discouraging message: Higher prices will likely last well into next year, if not beyond.
Restaurants and cafes could continue to serve customers outdoors through 2022 under a proposal set to be considered at Wednesday's City Council meeting.
Citing investigations from the Environmental Protection Agency, local residents and activists say their neighborhood cannot withstand the pollution they believe the new Southside Recycling facility will bring.
The holiday shopping season is underway and U.S. sales are on track to surpass spending records. Some small business owners say they hope the season will provide a much-needed boost to revenue as retailers large and small face supply chain issues and inflation more than a year and a half into the pandemic.