We break down complex business news to help you understand how money moves in Chicago and how it affects you.
The Chicago-based company announced the bankruptcy weeks after sharing it would be closing its Loop headquarters.
Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs.
The ordinance raises the minimum wage for tipped workers, but the Illinois Restaurant Association says the law hurts workers and businesses.
Higher costs and uncertainty are the latest challenge for Asian-owned business with ties to China, the target of Trump’s trade wars.
The beloved Chicago restaurant claims Weber’s new pellet smoker called “Weber Smoque” will confuse customers.
The landmark designation approved by the City Council only covers St. Adalbert’s church, not the entire complex that includes a school, rectory and convent.
The combined companies will become the world’s fourth-largest steelmaker, and bring what analysts say is Nippon Steel’s top-notch technology to U.S. Steel’s antiquated steelmaking processes.
The landmark would only apply to the church itself as a new buyer emerges for the historic Pilsen site.
The company argues the president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress.
The move comes nearly two months after U.S. health officials said they would urge foodmakers to phase out petroleum-based artificial colors in the nation’s food supply.
The Wealth Our Way grant program will help support shared-ownership models that allow community members to own and redevelop properties in their neighborhood.
In addition to Van Leeuwen’s first Midwest outpost, Mendocino Farms and Cava will open this year at the iconic skyscraper, formerly known as Sears Tower.
The newsroom’s union, which ratified its first contract just seven months ago, said in a statement cutting staff as a “short-term profit boost” is unsustainable. It was not immediately known how many positions the company was looking to cut or what dollar amount it’s trying to save.
The summer program for students will run through August and offers participants a free personal pan pizza from Reggio’s Pizza.
The winning project, called 1Fifteen at Michigan Station, will have 58 affordable apartments, a grocery store, restaurant and market hall for small businesses.
Electricity costs are climbing due to increased power demand across the country, largely related to data centers and artificial intelligence.
In a new pilot, Compass Working Capital will help eligible families participate in a federal program that turns rent into savings.
Recruiting and talent solutions firms CareerBuilder + Monster, which completed a merger last year, said in a notice to employees that some staff will be laid off at the La Salle Street office.
WBEZ and the Chicago Sun-Times are gathering your questions about all things money, and this week an Edgewater resident wants to know how to pick a financial adviser.
The $63 million project will create more than 150 apartments, plus high-end amenities in the heart of River North.
The animal welfare group plans to celebrate Chicago’s status by giving away free vegan pizza outside City Hall.
Readers applaud building a soccer-only stadium on the land known as The 78 and Joe Mansueto for using private financing. But they point out that public funds would be needed for infrastructure around the stadium.
