Fear Of Double-Dip Recession Grips Markets
Wall Street is hoping to avoid another market meltdown Friday, after fears about the health of the U.S. economy sent stocks plunging.
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Wall Street is hoping to avoid another market meltdown Friday, after fears about the health of the U.S. economy sent stocks plunging.
Since the mortgage meltdown, it's common to hear about banks that fail. But, now, there's word of one that might be opening for the first time in two years.
Mayor Rahm Emanuel has hired an outside accounting firm to streamline the City of Chicago's procurement and contracting process, in what he hopes will save tens of millions of dollars.
It's getting more expensive to rent an apartment in Chicago, and the suburbs and a couple of new forecasts predict that trend won't change anytime soon.
That morning cup of coffee could soon be a little less expensive.
Google has struck a deal to buy Libertyville-based Motorola Mobility Holdings for $12.5 billion in cash.
Two Chicago companies are squaring off Monday over hot dogs.
Two Chicago suburbs are suffering a major economic blow, as the Lowe's home improvement chain closes stores.
George Gershwin's "Rhapsody in Blue" is tightly associated with United Airlines. But a published report now says the airline may be dropping the familiar signature music.
Coffee is big business in Chicago and across the country, and at least two companies plan to open more retail outlets in the very near future.
There's no doubt about it – when you're driving along Western Avenue near the Eisenhower Expressway, you won't be able to miss a hot dog stand that goes out of its way to hire ex-convicts.
Residents have now been ordered to move out of two of the few remaining single-room occupancy hotels in the greater Lakeview neighborhood.
Whether you enjoyed their food or just saw their distinctive commercials, most Chicagoans recognize the name "Moo & Oink." But as CBS 2's Pamela Jones reports, the grocery store chain might be forced to shut down.
The message on Wall Street on Wednesday was simple: uncertainty. The see-saw at the stock market was giving consumers little confidence about the future of the economy.
A Mundelein businessman has thrown up his hands and decided not to open an indoor family entertainment center -- after spending more than $1 million over the past nine months to build it and hiring a staff of 50.
Looking overseas, there is wide opposition to the idea of taking Greenland by force.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
The country's leader criticized President Trump on Saturday, blaming him for "casualties, damages and accusations" against Iran.
A Minnesota judge put limits Friday on the tactics that federal law enforcement are permitted to use in their handling of protests over the Trump administration's surge of immigration resources to Minneapolis.
The number of ICE detainees exceeded 70,000 for the first time in the deportation agency's 23-year history, according to internal DHS data obtained by CBS News.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
January is Radon Action Month, and the Cook County Department of Public Health is urging residents to test their homes for radon.
Severe flu season is sending many people to hospital emergency rooms across the country, including in the Chicago area.
Unionized health care workers this week took aim at Northwestern Medicine, saying the health care system needs to hire more people before expanding the emergency room at Northwestern Memorial Hospital.
The Illinois Department of Public Health announced Tuesday that its recommendations for childhood vaccines will not be affected by a change in federal guidelines.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
WSCR-AM, 670 The Score, will begin a simulcast on 104.3 FM next month.
Does the Chicago Bears' dramatic improvement this season, culminating in their first playoff run in five years, change the discussion about where they will build a new stadium?
The Piggery, a popular barbecue restaurant and bar in the northwest corner of Chicago's Lakeview neighborhood, announced Thursday that it is going out of business.
The Lincolnwood Town Center mall in the north Chicago suburb of Lincolnwood has been sold to a developer, the village announced Wednesday.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Chicago Theatre Week brings value-priced tickets for shows from Feb. 5 until Feb. 15 at Chicago's stage venues. Tickets can sell for $30, $15, or even less.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Looking ahead in a new year, it’s a great time to get inspiration on paper with vision boarding. Amy Johnston, clinical director at Urban Wellness, joins Marie Saavedra to explain.
Events are planned around Chicagoland honoring Dr. King’s legacy, including the Rainbow PUSH Coalition’s MLK Breakfast, which is part of the organization’s 37th annual MLK Commemoration Weekend program.
A University of Michigan survey found only about half of parents say their kids should never use curse words.
Researchers do not know why this is happening, but hope stacks of boxes stored in England’s National Bowel Hospital will hold some answers.
A high-speed train jumped the tracks and hit another train head-on in Cordoba.
Despite a forced OT by the Bears in the fourth against the Rams, Chicago's playoff run comes to an end.
Despite forcing OT with a catch in the final minute in the 4th Quarter, the Chicago Bears' playoff journey comes to an end.
A Cold Weather Advisory was in effect Monday morning as Arctic air sends temperatures crashing to dangerous lows.
McHenry firefighters were called to the Riverside Bakery shop around 12 p.m. on Sunday.
Monday is Dr. Martin Luther King Jr. Day, the federal holiday commemorating the Civil Rights leader.
Even as Mayor Brandon Johnson has warned of possible mid-year city worker layoffs if revenue estimates in the budget fall short, city employees and workers at the city's sister agencies owe a mountain of outstanding debt to the city.
Lead-based paint was banned for serious health reasons in 1978, but most homes built before then remain covered in it.
Fire department officials in Chicago's western suburbs said drone technology has been helping keep firefighters safe and make a major impact on public safety.
With the stores becoming a common target for thieves, some of the stores in the Chicago area are taking new steps to fight back.
As thousands of people are expected downtown for New Year's Eve celebrations, Mayor Johnson, the Chicago police, and the Office of Emergency Management and Communications are trying to get out ahead of any safety concerns.
Despite forcing OT with a catch in the final minute in the 4th Quarter, the Chicago Bears' playoff journey comes to an end.
Chicago led 70-51 at the half and the advantage stayed above 20 points for most of the second half.
The focus is going to be on Soldier Field Sunday night as the Chicago Bears take on the Los Angeles Rams for the NFC Divisional Round of the NFL Playoffs.
Before the game, the Blackhawks honored their three Stanley Cup champion teams from the 2010s, with 29 players from those squads returning to pose with the Cup.
Tre Singleton added 14 points as the Wildcats dropped their fifth straight.
A man was arrested and charged this weekend with a string of armed robberies and burglaries within a period of just over an hour earlier this month in Chicago.
The ages of the victims range from 23 to 40, according to Chicago police.
Chicago police this weekend issued a warning about a string of strange vehicle break-ins in Chicago's Hyde Park neighborhood, most recently this past Thursday.
Chicago police have issued a community alert on a string of burglaries this week targeting businesses from the north lakefront to the Southwest Side.
Burglars broke into a bar in Chicago's Rogers Park neighborhood early Thursday morning.
