We break down complex business news to help you understand how money moves in Chicago and how it affects you.
Business owners and influencers received a temporary reprieve but still face uncertainty as Trump’s order lifts after 75 days.
Money guides
While it’s too early to tell when home loans will become more affordable, even a modest drop can make refinancing an attractive option.
Got a consumer problem? Help is out there. Keep this list for the next time you have an intractable issue with a retailer or service provider.
It’s not uncommon to receive an unexpected windfall this time of year thanks to a bonus from work or a tax refund. Whatever the circumstances, it’s easy to make costly mistakes.
When big storms hit, basements fill with stormwater and sewage. But there are steps that you and also government can take to help stay above water.
Pocketbook Issues
The complaint said the Deerfield-based pharmacy chain helped fuel the U.S. opioid crisis and
That brings the total to 25 drugs that will have lower price tags, which account for a third of Medicare spending on prescriptions.
The pilot program was launched in 2023 by the federal agency and initially was only available in 12 states.
A lot of people find themselves unable to make their credit-card payments, and some end up in default. It’s a tough situation. But here are some concrete steps you can take to at least minimize the damage.
Egg prices overall are up 39.6% since last year. The Sun-Times visited 14 grocers in various neighborhoods from Big Oaks to Edgewater, Morgan Park to Midway, and Bucktown and Austin to see what consumers were paying.
The federal Department of Veterans Affairs changes mean some vets are entitled to an extra year of college payments — 48 months instead of 36. But that’s not eough, say lawyers for James Rudisill, who successfully argued that the VA wrongly shortchanged him.
Housing & Development
The closures are part of the Deerfield-based pharmacy chain’s plan to shutter 1,200 stores by 2027.
Some developers and contractors are taking a wait-and-see approach, while others are scrambling to prepare for taxes that could increase prices.
The Reinsdorf and Wirtz families’ hope to break ground this summer on Phase One, which includes a music hall, hotel and public plaza.
The Chicago Housing Authority’s Plan for Transformation was introduced 25 years ago this month. There’s still work to do, beginning with rebuilding trust.
The developer is looking to trigger a provision in the city’s Connected Communities Ordinance that would fast-track the project to City Council for a full vote.
Chairing the property firm The Habitat Co., he oversaw investments in nearly 25,000 housing units in Chicago, often in neighborhoods his peers thought too risky. He also developed the East Bank Club and was its chairman.
Small business news
The Dignity in Pay Act phases out subminimum wage authorizations in Illinois — as the state joins 18 other states in getting rid of the wage system. In some cases, disabled workers have made as little as 50 cents an hour or less than $100 per month for a 40-hour work week, according to Access Living.
El concurso patrocinado por el Tales of the Cocktail Foundation y Bacardí premiará a un establecimiento por su versión del coquito, una bebida popular a base de coco dentro y fuera de la isla de Puerto Rico. Es un elemento básico de las celebraciones festivas que se prolongan hasta mediados de enero.
The Tales of the Cocktail Foundation and Bacardí-sponsored contest will award one establishment for their version of a coquito, a coconut-based beverage popular on and off the island of Puerto Rico.
The Auburn Gresham Save A Lot, owned by operator Yellow Banana, opened Thursday. The store was first promised by the end of the 2022 but was delayed several times.
“There’s nothing like Prince Street in Chicago,” said Lawrence Longo, co-founder and CEO of Prince Street Pizza, about the eatery’s first Midwest location.
Owner Frank Michael Beltrame considered moving his business out of the Loop but after remodeling his space, the longtime jeweler said the process led to a rebirth.
More business news
On Saturday evening, just before a federal law that would have banned the popular video-sharing platform was scheduled to go into effect, TikTok was removed from Google and Apple app stores.
The U.S. Supreme Court upheld a law that would require the popular app to be sold or banned, but enforcement remains a question.
The court’s decision Friday means new users won’t be able to download the app and updates won’t be available, but it won’t disappear from users’ phones.
Shoppers should always check food labels to see if an item they want to buy includes Red 3, which is also known as erythrosine and FD&C Red No. 3.
Engineers escorted a 209,000-pound cooler into its new home at Fermilab in Batavia, as part of a new particle accelerator project aiming to better understand the building blocks of the universe.
The move will increase the city’s borrowing costs, including for Mayor Brandon Johnson’s proposed $1.25 billion bond issue for housing and economic development.
Los cierres son parte del plan de la cadena de farmacias con sede en Deerfield de cerrar 1,200 tiendas para el 2027.
The brick-red Georgian home was listed for sale in May at $5.25 million and sold Thursday for slightly above asking price.
The lawsuit claims the Chicago-based fast food giant is discriminating against non-Hispanics by not making its HACER scholarship available to everyone.
Under new rules, customers would have to buy something in order to hang out or use a bathroom. A union representing baristas wants to bargain over the issue as it will fall on baristas to enforce the new rules. The company is trying to reverse sagging sales.
Other companies that have ended DEI programs recently include McDonald’s, automaker Ford, Walmart and Moline-based farm equipment maker John Deere.
The co-ownership shares give buyers a week of access to the property each year, including an option to host events there for an extra fee.
The real estate companies kept rents high with RealPage’s software and by sharing information, the antitrust complaint says.
The popular video app is arguing before the Supreme Court on Friday, after a unanimous federal appeals court upheld the ban last month.
The company’s gluten-free snacks include crackers and cookies with flour made of almonds and flax seeds.
Tractor Supply, John Deere, Harley-Davidson and others have also rolled back diversity programs.
Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and Pennsylvania’s Mon Valley.
If approved, tens of millions of consumers who owned iPhones and other Apple devices could file claims and receive up to $20 per Siri-equipped device.
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
Severe weather patterns and a massive technology outage made it a difficult 2024 for airlines, according to data company Cirium’s CEO.
Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated.
A man in Chicago with a troubling symptom underwent a common procedure at Northwestern Memorial Hospital. Then he wanted to know why the hospital charged nearly three times its own cost estimate.
La medida marca el séptimo y último aumento del salario mínimo del estado, como parte de la legislación que el gobernador JB Pritzker firmó en 2019.
Los defensores dicen que es la protección más sólida del país para quienes cuidan a niños, padres ancianos y otros miembros de la familia, incluyendo aquellos con discapacidades.