Chicago medical marijuana firm cancels $2 billion merger
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Cresco Labs will not team up with Columbia Care after the Chicago-based medical marijuana company called off the $2 billion merger on Tuesday. The agreement would have also included a $155 million spinoff to music mogul Sean 'Diddy' Combs.

CVS to lay off 5,000 employees as it seeks to cut costs

The Rhode Island-based pharmacy giant said in a statement that it is eliminating "a number of non-customer facing positions" throughout the company

Incandescent light bulb ban goes into effect this month: Here's what you need to know

A nationwide ban on incandescent light bulbs goes into effect on Aug. 1, 2023, which means if they’re made or sold by a retailer, that business could be fined up to $542 per bulb.

Barrington Hills castle hits the market

A new listing in Barrington Hills could make your royal dreams come true. 

Barrington Hills castle hits the market
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A new listing in Barrington Hills could make your royal dreams come true. The home is designed to look like a castle and has an interesting back story.

Anheuser-Busch layoffs: Bud Light sales slump leads to hundreds of lost jobs

Anheuser-Busch, the maker of Bud Light, is laying off hundreds of positions across its U.S. corporate staff, the company confirmed this week.

Retailers cutting back on easy returns, free shipping
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Retailers are reportedly cutting back on easy mail-in returns. Customers now might find themselves paying a premium when making returns. Finance professor Dan Roccato says that's because $816 billion worth of products were shipped out and returned last year.

Federal Reserve raises key interest rate for 11th time by a quarter-point in effort to slow inflation

The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that are intended to curb inflation but that also carry the risk of going too far and triggering a recession.

Affordable housing development 'Fifth City Commons' breaks ground on Chicago's West Side

To mark the start of a transformative project, Mayor Brandon Johnson visited East Garfield Park on Wednesday for the groundbreaking of "Fifth City Commons," a new affordable housing development.

Affordable housing development 'Fifth City Commons' breaks ground on Chicago's West Side
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To mark the start of a transformative project, Mayor Brandon Johnson visited East Garfield Park on Wednesday for the groundbreaking of "Fifth City Commons," a new affordable housing development.

Garcia pushing to expand work permits for migrants

U.S. Rep. Jesus "Chuy" Garcia is fighting to help migrants with work permits as a way of solving the labor shortage.