The permanent casino will be four times as big as the temporary casino now open at the Medinah Temple at Ohio Street and Wabash Avenue.

A recent court filing shows that the company is rejecting the leases of an additional 23 locations by Saturday, Aug. 31, joining the more than 100 restaurants that Red Lobster closed earlier this summer. Once complete, the chain will have around 500 outlets left — a sharp decline from the 650 it had just last year.

Kellanova was created last year when the Kellogg Co. split into two companies. Chicago-based Kellanova sells many of the former company’s most profitable brands, including Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. It had net sales of more than $13 billion last year and has about 23,000 employees.

The S&P 500 jumped 2.3% for its best day since 2022 and shaved off all but 0.5% of its loss from what was a brutal start to the week. 

The S&P 500 climbed 1% to break a brutal three-day losing streak. It had tumbled a bit more than 6% on a raft of concerns, including worries the Federal Reserve had pressed the brakes too hard for too long on the U.S. economy through high interest rates in order to beat inflation.

The S&P 500 was down by 2.1% in midday trading. The Dow Jones Industrial Average was reeling by 763 points, or 1.9%, as of 12:20 p.m. Eastern time, and the Nasdaq composite slid 2.4%.

Robert “Kelly” Ortberg, a former CEO at aerospace supplier Rockwell Collins, will succeed David Calhoun, 67, as CEO and president effective Aug. 8, the company said.

McDonald's global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped meals out or chose cheaper options. The company said it's working on fixes, but it expects same-store sales to be down for the next few quarters.

America’s economy is about to stick what’s called a “soft landing,” which is when inflation returns to the Fed’s target without a recession — a feat that’s only happened once, during the 1990s, according to some economists.

At issue was a proposed rate increase that would drive the average monthly bill for residential customers of Illinois American Water up by nearly $30. Illinois American, which serves about 1.3 million people across the entire state, is one of two privately held water utilities seeking rate increases before state regulators. 

A gallon of gas in Chicago is now selling for an average of $4.34, according to AAA. That’s 27 cents more expensive than just a week ago after a tornado narrowly missed the Joliet Refinery and knocked power out to the Channahon, Illinois, facility.

The convention’s first day is still expected to focus on the economy even after Saturday’s shooting at a Trump rally in Pennsylvania in which the former president was injured.

Last month’s job growth did mark a pullback from 218,000 in May. But it was still a solid gain, reflecting the resilience of America’s consumer-driven economy, which is slowing but still growing steadily.

As the mayor ramps up work on his second budget proposal, a newly formed Chicago City Council subcommittee is set to meet at noon Wednesday to start examining the dozens of proposals to increase the amount of money officials have on hand to spend starting in 2025.

According to the study, Black households have a median net wealth of zero dollars compared to $210,000 for White families, and Black families have the lowest estimated rate of home ownership at 34% compared to 72% for White households.

Cook County Board President Toni Preckwinkle’s office is scheduled to release a detailed proposal to close the gap in October, but officials have no plans to hike taxes, cut services or layoff workers to cover the projected gap, a spokesperson told WTTW News.