Housing market will lead us into a recession, and will lead us out: MBA forecast

While the housing market could bring the economy into a recession next year, it could also bring it out, economists at the Mortgage Bankers Association (MBA) conference said.

Ferrero chocolate factory breaks ground in Bloomington

Governor JB Pritzker was on hand for Wednesday’s groundbreaking in Bloomington. The facility is a $214 million investment that will create 200 new jobs over the next four years.

Ferrero chocolate factory in Bloomington breaks ground
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Ferrero has broken ground on its first North American location to produce Kinder Bueno products, and the chocolate factory is calling Illinois home.

Personal loan interest rates at near-record gap with credit cards, boosting savings opportunity

The interest rate on personal loans is much lower than the one on credit cards, according to the Federal Reserve Bank of St. Louis. Here’s how you can use these lower interest rates to pay down debt.

What is the Workers' Rights Amendment and what would it mean for Illinois?
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Thom Serafin, political analyst with Serafin & Associates, explains the so-called Workers' Rights Amendment and what it would mean if Illinois voted to approve it.

Home prices to decline in 2023, recession ahead: Fannie Mae forecast

Fannie Mae forecasted that home prices will fall in 2023 and that GDP could contract once again at the end of this year. And while it predicted that a recession next year could be mild, it said there are still risks that could create a larger financial crisis.

Elon Musk now in control of Twitter, fires top executives, AP sources say

Elon Musk ousted Twitter CEO Parag Agrawal, as well as the chief financial officer and the company’s top lawyer, two people familiar with the deal said.

Home price growth slips in August for fourth consecutive month: CoreLogic

Annual home price growth slowed in August for the fourth consecutive month, but still posted double-digit gains, according to CoreLogic. Here's how to tap into your equity gains.

Tavern on Rush closes after 25 years in Gold Coast

A 25-year run comes to an end Wednesday as Tavern on Rush closes its doors for the final time.

Social Security increase 2023: What does it mean for retirees?

Social Security recipients will see the largest benefits increase in 40 years in 2023. Here’s what that means for your retirement savings plan.