Chicagoans Want To Know If It's Time To Panic Over Wall Street
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.
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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.
Investors seem to think you want an iPad more than oil, as Apple Inc. became the most valuable company in the United States, surpassing Exxon Mobil Corp. on Wednesday.
It's something most people take for granted, but the Kane County town of Sugar Grove on Wednesday has its first Golden Arches.
There's one positive side to the turmoil in the financial markets. Experts say gas prices should continue dropping for the next 90 days or so.
With renewed worries about the economy in the wake of the downgrade of the nation's credit rating, nearly 10,000 people showed up for a job fair hosted by Congressman bobby Rush on Tuesday.
A massive selloff on Wall Street Monday after the U.S. credit rating slip made for the worst single-day loss since December 2008. In Chicago, the news was depressing and worrisome.
Chicago Treasurer Stephanie Neely is trying to reassure residents that the nation's downgraded credit will not harm city finances.
A local company that is the only harmonica manufacturer in the United States is closing its doors.
All signs point to another rough day in the financial markets Monday morning, on the first day of trading since the historic U.S. credit downgrade.
While Sears Holding Corp. is considering leaving its suburban Chicago headquarters and taking more than 6,000 jobs out of Illinois, the costs - in money, lost employees and disruption - make moving an expensive proposition, one that some experts say they doubt the struggling retailer will undertake.
Traders and investors alike are hoping for a turnaround in the markets Friday, particularly after the better-than-expected news in the unemployment report.
CBS 2's Mike Parker talks with some local players about the catastrophic losses the markets suffered Thursday.
The former state Senator husband of former Playboy chief executive officer Christie Hefner is paying a hefty price for insider trading.
FedEx has just rolled six all-electric delivery trucks into service in Chicago, and they've really been turning heads.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
The White House has informed Lisa Cook, a member of the Federal Reserve Board of Governors, that President Trump is considering firing her.
A federal appeals court said the White House lacks the authority to unilaterally construct the 90,000-square-foot ballroom. President Trump said the administration will appeal to the Supreme Court.
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
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.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
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.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
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.
Northalsted Market Days 2026 was under way for one more day on Sunday.
Chicago police this weekend were looking for help from the public in finding a man accused of shooting a 16-year-old boy in the West Lawn neighborhood earlier this year.
While Chicago's piping plovers are gearing up for migration, Chicago Piping Plovers lead monitor John McElhattan joins Suzanne Le Mignot to talk about conservation efforts.
Suzanne Le Mignot’s nephew, Tommy Hull, and his fiancée, Madison Baird, celebrated their engagement Saturday surrounded by family and friends at the Hull family home. Meanwhile, Mary Kay Kleist shows us a photo of lightning striking the beach at Madeira Beach in Florida.
A 1-year-old boy was left in critical condition, and two adults were also injured, after a fire in Chicago’s South Shore community this weekend.
Severe weather hit the Chicago area on Sunday, in what was expected to be the first of three days of storms.
Three people were shot, and a fourth person was also injured, in a drive-by incident in Chicago's North Austin neighborhood Sunday morning.
A woman is dead after a chain of hit-and-run crashes on the northern end of Chicago's Lakeview community Saturday night.
The investigation into mishandled and decomposing bodies found at a Chicago funeral home has expanded to a second facility, sources said.
It was a proud day on Sunday for hundreds of families as the University of Chicago's Pritzker School of Medicine welcomed 100 new students into its 100th class.
Neighbors of a South Side animal feed plant have complained about the noxious smell and air quality for years. Now the city of Chicago and state of Illinois are suing Pullman Innovations to clean up the air, as well as for alleged illegal work and permit violations.
The owners of a Far South Side funeral home where dozens of decomposing bodies were found earlier this week have run into trouble with state regulators before over their handling of bodies at a crematory in the south suburbs.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
Security video captured the moment a utility pole fell in a parking lot behind a La Grange Park, Illinois, animal hospital, igniting a fire that destroyed multiple cars.
An Illinois Tollway glitch that left thousands of drivers with unexpected warnings about unpaid tolls stemmed from an extra digit in codes within the system's computers, according to records obtained through a Freedom of Information Act request.
Chicago Bears receiver Luther Burden III will reportedly miss a little bit of time with a groin injury he suffered at practice on Saturday.
Ian Happ hit a two-run homer, Miguel Amaya added a three-run shot and the Chicago Cubs beat the Kansas City Royals 10-2 on Sunday.
Munetaka Murakami homered and Tristan Peters and Chase Meidroth each drove in a pair of runs in Chicago's five-run sixth inning as the White Sox beat the Cleveland Guardians 6-3 Saturday, snapping a season-worst four-game skid.
The Chicago White Sox retired the No. 13 of former manager and shortstop Ozzie Guillén in a ceremony before Saturday's game against Cleveland.
Jorge Messi served as his son's agent and accompanied him to Europe when he signed with Barcelona as a teenager.
A woman was found stabbed to death early Sunday morning in Chicago's Albany Park neighborhood.
Two Chicago men were arrested early Sunday morning following a pursuit along the Borman Expressway in Northwest Indiana.
Chicago police this weekend were looking for help from the public in finding a man accused of shooting a 16-year-old boy in the West Lawn neighborhood earlier this year.
At least four people were killed, and 12 more were wounded, in shootings in Chicago this weekend as of early Sunday afternoon. The victims ranged in age from 20 to 50.
Four people were in the hospital, three of them with gunshot wounds, after a shooting on Chicago's West Side early Sunday morning.
