Possible recession on the horizon, Federal Reserve Bank of Chicago survey reveals
A new survey by the Federal Reserve Bank of Chicago suggests a recession might be coming.
A new survey by the Federal Reserve Bank of Chicago suggests a recession might be coming.
Wahl Barber Academy opens doors in Park Ridge to educate next generation of barbers
In what's being described as a big day for the barber industry in Chicago, the Wahl Barber Academy held its grand opening Friday in Park Ridge.
In what's being described as a big day for the barber industry in Chicago, the Wahl Barber Academy held its grand opening Friday in Park Ridge.
Oil producers? cuts could boost gasoline prices
Major oil-producing countries led by Saudi Arabia said they?re cutting supplies of crude ? again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed.
Major oil-producing countries led by Saudi Arabia said they?re cutting supplies of crude ? again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed.
Chicago labor leaders endorse Paul Vallas for mayor
Leaders from 23 labor unions that have endorsed Paul Vallas for mayor spoke out for him on Monday, including several who said the tax increases proposed by Johnson are not what Chicago?s battered economy needs right now.
Leaders from 23 labor unions that have endorsed Paul Vallas for mayor spoke out for him on Monday, including several who said the tax increases proposed by Johnson are not what Chicago?s battered economy needs right now.
Banking failures add to growing economic uncertainty
A big week for the US economy. The Federal Reserve is meeting and could vote to hike interest rates, once again, in an effort to tamp down inflation.
A big week for the US economy. The Federal Reserve is meeting and could vote to hike interest rates, once again, in an effort to tamp down inflation.
More economic uncertainty as shares of another big bank take dip
The banking industry remains on edge in the wake of the Silicon Valley Bank collapse.
The banking industry remains on edge in the wake of the Silicon Valley Bank collapse.
More Americans cashing out their retirement, experts sound alarm
With so many Americans facing hardships because of inflation and a shaky economy, some are turning to their retirement funds early.
With so many Americans facing hardships because of inflation and a shaky economy, some are turning to their retirement funds early.
Inflation, bank failures complicate fed action
Inflation has slowed recently, and while the Federal Reserve's interest rate hikes are intended to slow down the economy, recent bank failures make it more complicated.
Inflation has slowed recently, and while the Federal Reserve's interest rate hikes are intended to slow down the economy, recent bank failures make it more complicated.
Biden says American banking system is safe after collapses
President Biden says the American banking system is safe and those who relied on the two banks, which recently went under, will be protected.
President Biden says the American banking system is safe and those who relied on the two banks, which recently went under, will be protected.
U.S. employers add 311K jobs last month
New data shows the economy added 311,000 new jobs in February, and that means the Federal Reserve could soon be moving forward with another rate hike.
New data shows the economy added 311,000 new jobs in February, and that means the Federal Reserve could soon be moving forward with another rate hike.
Powell signals increased rate hikes if economy stays strong
The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday.
The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday.
Park Forest businessman sentenced to 4 years for committing COVID-19 relief fraud while on home confinement
A Park Forest businessman was sentenced to four years in federal prison for committing COVID-19 relief fraud while on home confinement for other financial crimes.
A Park Forest businessman was sentenced to four years in federal prison for committing COVID-19 relief fraud while on home confinement for other financial crimes.
Inflation slows to 6.4%, but price pressures re-emerge
A key indicator of how the economy and inflation are doing came out on Tuesday and it shows Americans will continue paying more at the pump, at the grocery store, and to put a roof over their heads.
A key indicator of how the economy and inflation are doing came out on Tuesday and it shows Americans will continue paying more at the pump, at the grocery store, and to put a roof over their heads.
"One of the most amazing employment months I've ever seen"
The newest labor market data has far surpassed all expectations, but some economists say there's some hidden bad news in the numbers.
The newest labor market data has far surpassed all expectations, but some economists say there's some hidden bad news in the numbers.
Chicago mayoral candidate Kam Buckner discusses crime fighting, economic growth
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.
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.
Lightfoot says Chicago's financial future will be secure after COVID-19 federal funds run dry
Mayor Lori Lightfoot spoke at the City Club of Chicago Friday about the city's financial future after federal COVID-19 funds run dry.
Mayor Lori Lightfoot spoke at the City Club of Chicago Friday about the city's financial future after federal COVID-19 funds run dry.
Biden touts economy, dismisses recession concerns
New data from the Commerce Department shows the economy is slowing.
New data from the Commerce Department shows the economy is slowing.
US faces economic 'crisis' after hitting debt ceiling
While the economy has shown growth despite the fed?s ongoing rate hikes, one threat looms large: the nation?s debt limit.
While the economy has shown growth despite the fed?s ongoing rate hikes, one threat looms large: the nation?s debt limit.
Chicago restaurant owner avoids price hike amid nationwide egg shortage
Lucky Grill on Chicago's Northwest Side goes through at least 10 dozen eggs a day, and although the cost of eggs is soaring at the local grocery, one restaurant owner is sticking to his normal prices.
Lucky Grill on Chicago's Northwest Side goes through at least 10 dozen eggs a day, and although the cost of eggs is soaring at the local grocery, one restaurant owner is sticking to his normal prices.
City of Chicago joins 7 counties in forming regional economic partnership
This economic partnership is a first-of-its-kind effort that aims to drive a regional economic strategy and to strengthen the economy in an increasingly competitive global market.
This economic partnership is a first-of-its-kind effort that aims to drive a regional economic strategy and to strengthen the economy in an increasingly competitive global market.