Fed raises rates 25 basis points in first meeting of 2023

The Federal Reserve announced a highly anticipated interest rate increase of 25 basis points at its February meeting. Here's what it means for your wallet.

Special Olympics Illinois, Amazon Fresh launch program to promote inclusive workplaces
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Special Olympics Illinois and Amazon Fresh have partnered up to launch a brand-new program to promote inclusive workplaces. It's not only an opportunity for the Special Olympic athletes at the center of the program but for the entire community.

'All-natural' Simply Tropical juice has high levels of toxic 'forever chemicals,' lawsuit alleges

The class-action lawsuit alleges that the presence of PFAS is “entirely inconsistent” with Coca-Cola and the Simply Orange Juice Company’s “all-natural ingredients” with “nothing to hide” marketing.

PagerDuty CEO apologizes for quoting Martin Luther King Jr. in layoff email to staff

CEO Jennifer Tejada said using the quote from the late civil rights leader in an email announcing that PagerDuty was letting go of 7% of its workforce was “inappropriate and insensitive.”

Carvana glass tower in Skokie hits another roadblock
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As of last week, the used car retailer Carvana can once again do business in Illinois, but the village of Skokie is saying not so fast on building a new tower.

Chicago and ComEd reach tentative deal on city electric service, council members say

Mayor Lori Lightfoot’s administration has reached a tentative 15-year deal with Commonwealth Edison that provides significant benefits for consumers and “preserves the city’s ability to municipalize after the first five years,” Chicago City Council members were told Monday.

Americans fear recession, but most believe their jobs are safe: Survey

Many Americans have a negative outlook on the economy, but say they didn't believe a downturn would impact their jobs, according to a new survey.

Chicago mayoral candidate Kam Buckner discusses crime fighting, economic growth
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Illinois state representative and mayoral candidate Kam Buckner talks about his plan for fighting crime in Chicago, and how the current administration has stifled progress for local businesses.

Hasbro laying off 1,000 employees amid cost-savings push

The company well-known for Monopoly, Play-Doh, and My Little Pony toys says the layoffs are 15% of its global full-time workforce.

U.S. Senators call for probe into Illinois company marketing guns to children
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A group of senate Democrats are pushing for the Federal Trade Commission to open an investigation into an Illinois-based company they say is marketing guns to children.

How economic policy can lessen the blow of a recession
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Dion Pouncil, chief investment officer and principal at Pouncil Capital, talks about the elements of the recession and how economic policy can lessen the financial blow on everyday people.