Stocks traded lower on Wednesday as a lack of progress in Greek debt negotiations and concerns about stock market valuation weighed on investors sentiment.
Stocks bounced around the flat line Tuesday amid mixed economic data, stronger crude oil prices and continued optimism surrounding the Greek debt crisis.
The Dow Jones industrial average added 180 points, the S&P 500 gained 21 and the NASDAQ closed up 68 points, settling to an all-time closing high of 5,132.95.
The burger chain that put “supersize” into the American vernacular is slimming down: For the first time in more than 40 years, and perhaps ever, McDonald’s says the number of U.S. restaurants it has is shrinking.
Stocks traded higher on Tuesday as the Fed kicked off its two-day meeting and investors shrugged off worries about the Greek debt crisis.
By Andy Giersher (CBS) — Stocks finished the last day of the trading week on a down note, as traders seek clarity on Fed policy ahead of next week’s much-anticipated meeting. Also weighing on stocks […]
Organizations working to increase literacy in Chicago now have a new place to meet and work, reports WBBM’s Cisco Cotto.
All three of the major indices traded over 1 percent higher on light volume, with the Dow jumping triple digits and closing above the key 18,000 mark.
With the minimum wage in Chicago about to rise to $10 an hour next month, Mayor Rahm Emanuel was set to begin an effort to help educate workers on what’s in store.
There’s a reason for airline passengers to get excited about traveling this summer, two words: Airfare War!
(CBS) — Stocks closed sharply lower on Thursday as the lack of progress in Greek debt negotiations and the recent selloff in bonds kept traders on edge before Friday’s key jobs report. “I think Greece in the […]
By Andy Giersher (CBS) — Some of America’s most iconic food and beverage brands are dealing with a huge problem, challenges from smaller companies that are exploiting consumer preference and healthy eating trends. “It is […]
The Bucktown nightclub formerly known as the Dolphin has reopened its doors as Rio Chicago, more than two months after a double fatal shooting closed its doors.
The state has banned happy hour drink specials since 1989, in an effort to cut down on drunk driving, though bars and restaurants were still allowed to designate “happy days,” when they could offer discounted drinks on a specific day of the week.
By Andy Giersher (CBS) — Stocks moved higher on Monday, the first trading day of June, as traders took a positive spin on mixed economic data. “A lot of stuff is out there right over […]
By Andy Giersher (CBS) — Gas prices in the Chicago area are on the rise, up 7 percent in the past week, as local refineries deal with production issues. “Several Illinois refineries have experienced kinks […]
The owners of a River North bar and grill have sued the condo association that shares their building, claiming renovation work on the condos is threatening to put their bar out of business.
House Democrats have abandoned Gov. Bruce Rauner’s idea to privatize the state’s business-development agency but are moving ahead with Speaker Michael Madigan’s plan to make the state’s shrine to Abraham Lincoln a separate agency.
Stocks traded higher on Wednesday, recovering from Tuesday’s sell-off as strength in technology pushed the NASDAQ to an all-time closing high of 5,106.59. The Dow and S&P 500 also followed suit, each gaining over a half percent by the closing bell.
In an effort to reduce the number of traffic congestion and crashes at one of the most accident-prone intersections in the city, work was scheduled to begin Thursday to reconfigure the six-corner intersection of Damen, Elston, and Fullerton avenues.
WBBM’s Comcast Business Class Newsmakers Series had Facebook co-founder Chris Hughes talk about social media applications and technologies to a packed Navy Pier Grand Ballroom on October 27th. (credit: CBS/Steve Hardy)
Cats! Kittens! Kittehs! We got ’em all.
Newsmaker Series: Steve Forbes
Various photos form the Wintrust Business Luncheon