Trump announces 25% tariffs on Japan and South Korea

The president warned both countries that if they retaliate with their own tariffs, the U.S. would further increase import taxes.

Lululemon Costco lawsuit, cruise tax & Cracker Barrel remodel: Business news
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Business News Alert! Dive into the latest headlines: Lululemon is suing Costco, Mexico is set to introduce a tourist tax for cruise passengers, and Cracker Barrel is undergoing a fresh remodel, breaking some hearts along the way. FOX 32's Good Day Chicago starts your morning off with the latest breaking news from across the area.

Lululemon sues Costco over 'dupes' | ChicagoNOW
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Lululemon is suing Costco for allegedly selling cheaper dupes of its athleisure clothing. Dupe culture: Love it or hate it? ChicagoNOW is a fast-paced, conversational show that spotlights what?s trending in and around Chicago.

Majority US families expect to maintain or increase back-to-school spending, survey finds

Nearly 3 in 4 US families plan to spend the same or more on back-to-school shopping this fall, according to a new survey from PwC, signaling strong demand despite inflation and tariff-related price pressures.

Why summer gas prices are at a four-year low

The national average price for a gallon of regular gasoline was $3.20 on Friday.

Auto loan delinquencies are on the rise; these states have the most

Analysts say an increase in late car payments is a concerning trend: despite stubborn inflation and high interest rates, unemployment rates are still low.

Bessent calls U.S.-China trade deal a 'big win' for both nations
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Treasury Secretary Scott Bessent said the new trade deal with China announced Thursday is a big win for both countries and could lead to other deals with major American trading partners.

World's richest 1% raised their wealth by $33.9 trillion in 10 years

A new analysis says the wealth of just 3,000 billionaires is “more than enough to eliminate annual poverty 22 times over.”

How to save on groceries even with rising prices
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Groceries are getting more expensive but one expert has tips on how to save money when you're at the store and at home.

Chicago's tipped workers will get pay raise on July 1
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Starting next week, people who work for tips in Chicago will get a raise. It's part of a city law called One Fair Wage.

Oil prices could spike amid US strikes on Iran nuclear sites. What we know

Oil prices may change after the United States’ involvement in the Israel-Iran war. Some experts warn that possible retaliation by Iran could interrupt the influx of crude oil, which may harm global economies.

Here's the salary you need to be ‘financially secure’ in 2025

The new survey asked adults whether they believe that their version of the "American dream" is possible in today’s economy. Almost half said it is unlikely.

Tips for staying financially prepared during times of uncertainty
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More people are experiencing financial stress these days. People are fearing a possible recession but don't let it overwhelm you.