The volatile trading comes a day after a broad sell-off sent the Dow Jones Industrial Average into a bear market, joining other major U.S. indexes.

Mayor Lori Lightfoot said she was determined to chart a “bright and lasting” future for LaSalle Street between Washington Street and Jackson Boulevard, an area of the city she said had been permanently altered by the shifts triggered by the COVID-19 pandemic.

The Dow Jones Industrial Average fell 1.1%, becoming the last of the major U.S. stock indexes to fall into what’s known as a bear market. The S&P 500 closed 1% lower and the Nasdaq dropped 0.6%.

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.

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.

The program, which is expected to include 3,250 households, will launch a test of a basic-income program with $41.5 million from the federal COVID-19 relief package signed into law by President Joe Biden in March 2021, Cook County President Toni Preckwinkle said.

While the overall unemployment rate for Chicago is nearly 5.8% in August, the rate for Black residents is more than twice that, at 14.3%.

The first of 10 developments planned as part of Mayor Lori Lightfoot’s Invest South/West initiative to start construction is a 58-unit apartment complex set to be built near 79th and Green streets in Auburn Gresham. 

Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness, Biden announced. For recipients of Pell Grants, the federal government would cancel up to an additional $10,000 in federal loan debt.

Ford announces it’s cutting thousands of jobs, two local hotel sales mark some of the biggest in the hospitality market since the start of the pandemic and a new app helps homeowners rent individual rooms.

With high gas prices and carjackings a growing job risk, gig workers from companies like Lyft, Uber and DoorDash are demanding more from their employers.

Chicago’s financial picture has been buoyed by the city’s red-hot real estate market and nearly $2 billion in federal aid designed to help the city withstand the ravages of the COVID-19 pandemic.

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year increase in June.

A recent wave of airline delays and cancellations has affected much of the country, including Chicago. After experiencing unprecedented airline delays and cancellations this summer, the recent wave is another indication of a rocky pandemic recovery for airlines.

The estimated $740 billion package is full of party priorities. Those include capping prescription drug costs at $2,000 out of pocket for seniors, helping Americans pay for private health insurance and what Democrats are calling the most substantial investment in history to fight climate change, some $375 billion over the decade.

The estimated $740 billion package heads next to the House, where lawmakers are poised to deliver on Biden’s priorities, a stunning turnaround of what had seemed a lost and doomed effort that suddenly roared back to political life. Democrats held united, 51-50, with Vice President Kamala Harris casting the tie-breaking vote.