After The Bell: Stocks Lower On Soft Earnings, Lower Oil & Election Fears
Stocks closed Tuesday sharply lower as falling crude oil prices and fears about a potential Democratic election sweep weighed on investor sentiment.
Watch CBS News
Stocks closed Tuesday sharply lower as falling crude oil prices and fears about a potential Democratic election sweep weighed on investor sentiment.
Several Cook County suburbs have begun pushing back against the county's newly-approved paid sick leave ordinance.
Medical marijuana sales reached more than $3.8 million last month at licensed dispensaries throughout Illinois.
"Wells Fargo is a big financial player in Illinois, and I hope to send the message that their unscrupulous practices are not welcome and will not be tolerated," Illinois State Treasurer Michael Frerichs said.
It was once one of Chicago's greatest medical centers, but Michael Reese Hospital was torn down in 2011, after sitting vacant for three years, and now the land where it once stood is being targeted for a major redevelopment.
The S&P 500 dropped 20, the NASDAQ lost 49, and the Dow Jones Industrial Average shed nearly 196 points, settling to 18,143.
Aiming to boost the economy and improve the quality of food available in Englewood, Whole Foods was opening its new store on the South Side on Wednesday.
Stocks traded sharply higher on Thursday as investors sifted through a host of economic data and have had time to fully digest the latest non-move by the Federal Reserve.
Retailers were speaking out Wednesday amid published reports Cook County Board President Toni Preckwinkle is considering a new tax on sugary soft drinks, up to a penny an ounce.
Evanston says the city's been trying to collect money raised from the sale of yard-waste stickers. CBS 2's Roseanne Tellez reports.
The Riverline project is a massive undertaking. When it's done, new condos will stretch from Roosevelt Road to Harrison Street between the Chicago River and Wells Street.
Since he was a baby, Jayden Hammond's parents have taught him the benefits of entrepreneurship. Needless to say, his parents were excited when, at 12-years-old, he asked if he could start a gourmet vegan popcorn company.
They say the revenue-generating increase would trickle down to people who use the laundromats. WBBM Political Craig Dellimore reports.
The company says the recipe recently published in the Chicago Tribune is not authentic.
The fast-food chain said last week that it would stop distributing the bands in Happy Meals. Now it's recalling 29 million of them in the U.S., and 3.6 million in Canada.
Chicago's Mamdani moment might come in the form of a more socialist City Council. The Chicago DSA is working to oust aldermen and advance taxing the rich.
A new court ruling will keep Illinois from having to turn over its full list of voter information to the federal government.
Illinois Secretary of State Alexi Giannoulias officially announced his campaign for mayor of Chicago on Sunday. He said, "Chicago should never become a city reserved only for the wealthy,"
Investigators are probing whether Iranian hackers are behind this week's malicious cyber activity against water systems in Minnesota. If they are found to be the culprits, it would not be the first time.
The U.S. and Israel plan to hit Iran's energy infrastructure as soon as this weekend, although no final decision has been made, sources familiar with the matter told CBS News.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
Stella's Diner in Chicago's East Lakeview community has gone out of business.
A Wisconsin appeals court reversed a lower court ruling that had declared Act 10 unconstitutional, keeping the 2011 law limiting public workers' collective bargaining rights in place as unions prepare to appeal to the state Supreme Court.
The changing developments at 1800 N. Clybourn Ave. represent a microcosm of 40 years of changing development priorities on the Clybourn Corridor as a whole, and in Chicago and beyond.
The food deserts on Chicago's South and West sides could spread even wider if seven Save A Lot grocery stores close.
Illinois American Water and Aqua Illinois are both seeking rate increases that would raise monthly bills by as much as $28, while their parent companies seek regulatory approval to merge — a deal a consumer watchdog says would give one company control of nearly all regulated water customers in the state.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Actor William Shatner and his daughter, Melanie Shatner Gretsch, recall how they helped each other as they fought Stage 4 cancer side by side.
Meteorologist David Yeomans has your 11 a.m. First Alert Weather forecast for Monday, Aug. 3, 2026.
Students at Evanston Township High School are bringing a new meaning to the term “home school.”
A total of 4,000 charter school students in Chicago went back to school, just in time for a sales tax holiday for those buying supplies. Lauren Victory reports.
“The Cube” is an interactive experience based on the TBS show of the same name. Brett Hintz, general manager of The Cube Chicago, joins us live.
A Southwest Airlines flight landed safely at Midway International Airport on Monday morning despite the nose-gear tires blowing out.
Relief is on the way for families of kids going back to school, with a sales tax holiday.
Three Chicago police officers, as well as a man and a child, were injured overnight in a crash in the Washington Park neighborhood.
Lollapalooza 2027 came to an end in Chicago's Grant Park Sunday night, as crowds emptied out and headed home.
A Southwest Airlines flight landed safely at Midway International Airport on Monday morning despite the nose-gear tires blowing out.
Thieves stole an ATM from a gas station in Chicago's Roseland community early Monday.
A clean energy initiative on the South Side of Chicago is increasing access to solar energy and electric vehicle charging stations, and community members say it's making a difference.
A glitch in the Illinois Tollway system earlier this month left about 100,000 drivers with unexpected warnings about unpaid tolls, some dating back about a year.
Chicago's Office of Emergency Management, which oversees roughly 200 traffic aides, says two were seriously injured by drivers this summer — leaving many uneasy on the job as Lollapalooza brings heavy traffic downtown.
Shavonne Worthy said she visited her mother's grave at Oakridge-Glen Oaks Cemetery in Hillside and found an empty hole where the headstone had stood for nearly 10 years — and the cemetery's new owner told her it was removed intentionally.
Earlier this month, charges were dropped in one case against Weinstein, but he still faces charges in New York and California.
Ahead of the MLB trade deadline on Monday, the Chicago White Sox have reportedly added right-handed reliever Huascar Brazobán in a trade with the New York Mets.
Buffalo Grove, Illinois, native Till Bartkovjaks, 12, is a master of judo — and he's currently getting ready to represent Team USA for the second time, in Mexico in November.
The Major League Baseball trade deadline is coming up at 5 p.m. Monday, and the Chicago Cubs have already made a pair of deals with the Toronto Blue Jays.
José Caballero lined a two-run homer, Gerrit Cole pitched into the sixth inning and the New York Yankees hung on to top the Chicago Cubs 2-1 on Sunday.
The Chicago Bears were off on Sunday, having wrapped up their first week of training camp.
Thieves stole an ATM from a gas station in Chicago's Roseland community early Monday.
Two young men and a teenage boy were shot and wounded early Monday in Chicago's Park Manor community.
A man was stabbed late Sunday night in a fight with a woman on Chicago's West Side, police said.
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
Savannah Guthrie said she and her family have been "in agony and despair ever since" her mother Nancy's disappearance in February.
