Final GDP estimate for Q2 confirms negative economic growth

GDP contracted in the second quarter of 2022, according to the final estimate from the Bureau of Economic Analysis (BEA). Here's what that means for you.

Middle class hit disproportionately hard by rising inflation
video

Dan Roccato, financial professor at the University of San Diego, dishes out tips for people in the middle class looking to combat the impact of increasing inflation.

Lightfoot cancels $42.7M pre-election property tax increase

Mayor Lori Lightfoot on Thursday scrapped plans for a $42.7 million pre-election property tax increase — half of what an automatic escalator would have allowed — but kept in place the inflationary trigger some City Council members are determined to repeal.

Lightfoot pushes back on claim that Invest South/West more talk than action

Mayor Lori Lightfoot on Tuesday pushed back hard against the notion that her signature plan to rebuild 10 South and West Side commercial strips is more talk than action.

Englewood community hub aims to boost local businesses

A new community hub is one step closer to becoming a reality in Chicago’s Englewood neighborhood.

Apple Pay Later unexpectedly delayed until further notice

Apple Pay Later was not released with the iOS 16 update as expected, and the company has not given a new date for its release.

Flight attendants protest at Midway, O’Hare airports for new contracts

Flight attendants for two of the city’s largest airlines protested at Midway and O’Hare airports on Tuesday, demanding new contracts that would provide better economic and working conditions.

Cook County tax bills on pace to arrive 'by end of 2022'

Property tax bills should land in mailboxes across Cook County around the same time as holiday cards, with second installment payments expected to come due before the end of the year, county officials said.

Macy's hiring 41K seasonal workers for the holidays

Macy's plans to hire 41,000 full and part-time seasonal workers for the upcoming holiday season. Over 10,300 seasonal workers in 2021 joined the company full-time.

Social Security benefits forecast revised for 2023 as inflation eases

Social Security benefits are expected to increase in 2023, but could be less than previously forecasted, according to The Senior Citizens League. Here's how much of an increase retirees could see in 2023.