Caterpillar fell well short of fourth-quarter profit expectations and the machine maker said that sales have begun to slow in China. Shares tumbled 10 percent at the opening bell Monday, the worst sell-off in more than seven years.
Federal workers are feeling the effects of the government shutdown, but what about everyone else? Local economists weigh in on that and the economic forecast for 2019.
The city treasurer teams up with a national nonprofit to expand financial empowerment centers in Chicago neighborhoods.
The governor’s third executive order requires a review of emerging industries so that state money for workforce training can be best used.
Tech stocks led the dive Thursday on Wall Street after Apple reported a slowdown on iPhone sales in China. Economist Diane Swonk weighs in.
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An Australian commodities trader has pleaded guilty to manipulating market prices by placing orders in the millions of dollars on the Chicago Mercantile Exchange, then canceling them within milliseconds so that he could sell smaller orders at a profit.
It’s estimated that financial exploitation of seniors may cost as much as $3 billion every year. Joel Levin, director of the SEC’s Chicago regional office, shares tips for avoiding financial scams.
The Federal Reserve hikes its benchmark interest rate for the fourth time this year, by one-quarter of 1 percent to 2.5 percent. We discuss the outlook for the markets and the economy.
An analysis by the Chicago Metropolitan Agency for Planning posits economic conditions likely played a role in the yearslong exodus of black residents from the Chicago region.
The state of Indiana announced Wednesday that Alliance Steel plans to invest $19.7 million in Gary, about 25 miles from its plant in Bedford Park, Illinois.
A boost in construction equipment sales drove profit higher for Deere & Co. in the fourth quarter, but the results fell short of Wall Street expectations.
We learn about a new state-sponsored savings program aimed at more than one million Illinois workers not already covered by a retirement plan.
A new book offers a peek at how other people spend their money, and shows how that can you help you control your own finances.
Caterpillar beat most profit and revenue expectations in the third quarter, but company shares were punished Tuesday when Wall Street sensed some pessimism in the company's outlook, which remains unchanged.
With the Mega Millions lottery jackpot at a record $1.6 billion, people are snapping up tickets across the U.S., dreaming of how they would spend the money should they beat the astronomical odds of winning.
A new survey finds Americans are optimistic about manufacturing. But with a looming trade war and uncertainty over a new deal with Canada and Mexico, there’s still some concern for the future.
 

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