Starting in July, minimum wage employees of larger businesses will see their paychecks rise by 40 cents an hour to $15.40

Last month’s gain reflects a resilient job market that has so far shrugged off concerns that the economy will weaken in the coming months as the Federal Reserve steadily raises interest rates to fight inflation.

The $1.73 billion proposal now heads to the Illinois Gaming Board, which must license Bally’s to operate the Chicago casino set to be built along the Chicago River near Chicago Avenue and Halsted Street.

The $31.5 million program has enough funding to send just 5,000 Chicago families $500 per month for 12 months, officials said. Approximately 64% of applicants live below the poverty line, which is $26,500 for a family of four. An additional 40% of applicants live in households that earn half that amount, officials said.

Chicago-area retail stores hit record-high sales, but that's not without impacting online buying as Amazon looks to sublet warehouse space. Meanwhile, legal limbo over nearly 200 pot shop licenses could soon come to an end.

The S&P 500 rose 1.9%, with technology and financial sector stocks doing much of the heavy lifting for the benchmark index. The Dow Industrial Average rose 2% and the Nasdaq climbed 1.6%.

The Chicago City Council is expected to give its final stamp of approval to the Bally’s plan on Wednesday, sending the proposal to the Illinois Gaming Board, which must license Bally’s to operate the Chicago casino set to be built near Chicago Avenue and Halsted Street.

Even though Lightfoot stacked a special City Council committee with her allies to consider the casino proposal, Ald. Tom Tunney (44th Ward) acknowledged Friday that the mayor did not have enough support to advance the plan to build a casino and resort.

Those who are selected for the program, which will prioritize residents of suburban Cook County, will get monthly payments of $500 to 3,250 residents for two years. The first checks are expected to be cut by the end of the year, officials said.

While Mayor Lori Lightfoot and her administration have touted the proposal from Bally’s as the most lucrative proposal the city received and said the casino would be an “iconic” addition to Chicago’s riverfront, members of the City Council continue to greet those claims with skepticism.

The “Mc” mark in McDonald’s takes center stage in a trademark dispute with a CBD merchant; Allstate CEO Tom Wilson says insurance premiums have to rise; and beer enthusiasts won’t have to wait much longer for the beloved Lagunitas taproom to reopen.

While members of the Lightfoot administration touted the proposal from Bally’s as the most lucrative proposal the city recieved and said the casino would be an “iconic” addition to Chicago's riverfront, nearly all members of a special City Council committee formed to consider the plan greeted those claims with skepticism.

Workers at more than 250 Starbucks locations around the U.S. have filed to join a union, and about 50 have voted in favor of unionization. Organizers and their supporters have accused Starbucks of aggressive “union-busting” tactics, including cutting hours, disciplining, and firing pro-union employees. 

The substantial half-point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have much immediate effect on most Americans’ finances. But additional large hikes are expected to be announced at the Fed’s next two meetings, in June and July, and economists and investors foresee the fastest pace of rate increases since 1989.

Lightfoot’s support for a casino on what is now the Chicago Tribune printing plant and newsroom near Chicago Avenue and Halsted Street will bounce the roulette ball to the Chicago City Council to consider Bally’s plan.

Chicago Women in Trades helped organize what they say is the regional unions’ first class of all women in 140 years. The Mid-America Carpenters Regional Council’s pre-apprentice program will put participants on the path to becoming a union-card-holding carpenter.