Economy
Uber and Lyft say they’ve added thousands of drivers in recent weeks to address long wait times and surge pricing. But many passengers are still unhappy and some are turning to taxis — an industry hit hard by the popularity of ride-share services and by COVID-19.
The CEO of local engineering firm Ardmore Roderick tells us what he thinks the city should do to help Chicago’s small businesses.
Over the past year, about one-third of U.S. states have used federal COVID-19 relief aid to reward workers considered essential who dutifully reported to jobs during the pandemic. But who qualified for those bonuses — and how much they received — varied widely.
President Joe Biden pitched his proposed investments in families and education at an Illinois community college on Wednesday, telling residents of the swing district that what’s good for families is also good for the economy.
The Biden economy faces the unusual challenge of possibly being too strong for its own good. There is the paradox of the fastest growth in generations at more than 6% yet also persistent delays for anyone trying to buy furniture, autos and a wide mix of other goods.
Friday’s report from the Labor Department was the latest evidence that the reopening of the economy is propelling a powerful rebound from the pandemic recession. Restaurant traffic across the country is nearly back to pre-pandemic levels, and more people are shopping, traveling and attending sports and entertainment events.
The nationwide Fight For $15 movement pushed the challenges facing Chicago’s lowest-paid workers — who are primarily Black and Latino — to the top of the agenda for city officials.
Illinois broke a 23-year streak on Tuesday, when credit ratings agency Moody’s upgraded the state’s bond rating for the first time since 1998 – the same year the Chicago Bulls won their last championship.
United said Tuesday that it will buy 200 Boeing Max jets and 70 planes from Europe’s Airbus so that it can replace many of its smallest planes and some of its oldest and have room to grow its fleet.
President Joe Biden is hoping to get the bipartisan infrastructure deal on track by highlighting its expected economic benefits, stressing its $973 billion would include the largest investment in transportation in nearly a century and millions of jobs would be created.
Community organizations and state lawmakers are working to make menstrual products more accessible to Illinoisans who need them. We take a look at the issue in our Firsthand: Living in Poverty series.
Mayor Lori Lightfoot suffered a stinging defeat Friday as aldermen refused to approve her efforts to reduce their control over business signs, an indication that aldermen will not relinquish their veto over ward issues.
President Joe Biden announced on Thursday a hard-earned bipartisan agreement on a pared-down infrastructure plan that would make a start on his top legislative priority and validate his efforts to reach across the political aisle.
The Biden administration on Thursday extended the nationwide ban on evictions for a month to help millions of tenants unable to make rent payments during the coronavirus pandemic, but said this is the last time it plans to do so.
A year after Cook County officials faced the largest budget deficit in a decade, they find themselves flush with cash, thanks to $1 billion in COVID-19 relief funds and an economy recovering faster than expected from the ravages of the pandemic, according to a budget forecast.
The delay comes as city officials wait for U.S. Treasury Department officials to decide whether they will give Mayor Lori Lightfoot the green light to use $465 million in federal funds to pay off high-interest debt the city incurred to balance its 2020 and 2021 budgets.