Chicago workplaces shift strategies in a post-pandemic world
Megan Mackinson, National Markets Workplace lead at JLL, talks about how local workplaces are reexamining their strategies in wake of the pandemic.
Small businesses turn to 'side hustles' for additional revenue amid inflation
Many of you have probably heard of “side hustles” – a way to make extra income in addition to your primary job. But now small businesses are using them to make additional revenue.
Chicago mayor-elect Johnson faces uphill battle
Reports say people are leaving the city and Illinois. President of wirepoints.org Ted Dabrowski says businesses are up and leaving as well. When people leave they take their money with them and the city and state governments lose out on tax money.
Lightfoot announces $54M in grants for small businesses, community organizations
Chicago Mayor Lori Lightfoot announced more economic development grants for the city on Tuesday. The grant program is part of the mayor's Chicago Recovery Plan.
How to get COVID tests now before it's no longer free
Free COVID testing ends on May 11, but you'll still have access to tests with a few differences.
US News Survey: Homebuyers holding out for lower rates
A new survey this month from U.S. News & World Report finds that 66% of Americans that plan to buy a home this year are waiting until the fall for rates to drop.
Possible recession on the horizon, Federal Reserve Bank of Chicago survey reveals
A new survey by the Federal Reserve Bank of Chicago suggests a recession might be coming.
Wahl Barber Academy opens doors in Park Ridge to educate next generation of barbers
In what's being described as a big day for the barber industry in Chicago, the Wahl Barber Academy held its grand opening Friday in Park Ridge.
Oil producers’ cuts could boost gasoline prices
Major oil-producing countries led by Saudi Arabia said they’re cutting supplies of crude — again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed.
Chicago labor leaders endorse Paul Vallas for mayor
Leaders from 23 labor unions that have endorsed Paul Vallas for mayor spoke out for him on Monday, including several who said the tax increases proposed by Johnson are not what Chicago’s battered economy needs right now.
Banking failures add to growing economic uncertainty
A big week for the US economy. The Federal Reserve is meeting and could vote to hike interest rates, once again, in an effort to tamp down inflation.
More economic uncertainty as shares of another big bank take dip
The banking industry remains on edge in the wake of the Silicon Valley Bank collapse.
More Americans cashing out their retirement, experts sound alarm
With so many Americans facing hardships because of inflation and a shaky economy, some are turning to their retirement funds early.
Inflation, bank failures complicate fed action
Inflation has slowed recently, and while the Federal Reserve's interest rate hikes are intended to slow down the economy, recent bank failures make it more complicated.
Biden says American banking system is safe after collapses
President Biden says the American banking system is safe and those who relied on the two banks, which recently went under, will be protected.
U.S. employers add 311K jobs last month
New data shows the economy added 311,000 new jobs in February, and that means the Federal Reserve could soon be moving forward with another rate hike.
Powell signals increased rate hikes if economy stays strong
The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday.
Park Forest businessman sentenced to 4 years for committing COVID-19 relief fraud while on home confinement
A Park Forest businessman was sentenced to four years in federal prison for committing COVID-19 relief fraud while on home confinement for other financial crimes.
Inflation slows to 6.4%, but price pressures re-emerge
A key indicator of how the economy and inflation are doing came out on Tuesday and it shows Americans will continue paying more at the pump, at the grocery store, and to put a roof over their heads.
"One of the most amazing employment months I've ever seen"
The newest labor market data has far surpassed all expectations, but some economists say there's some hidden bad news in the numbers.