Dick's Sporting Goods to buy ailing Foot Locker for $2.4 billion
Foot Locker is the second major U.S. shoe company to be acquired in recent weeks as tariffs hit footwear industry.
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Foot Locker is the second major U.S. shoe company to be acquired in recent weeks as tariffs hit footwear industry.
No Illinois industry does more business with China than the agricultural sector.
While a tariff truce between the U.S. and China is welcome news for many, farmers in McHenry County are not so sure. Political Reporter Chris Tye reports.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
No Illinois industry does more business with China than the agricultural sector, and farmers have been worried about the hit they could take with tariffs. Political Reporter Chris Tye reports.
The U.S. has agreed to drop its 145% tariff rate on Chinese goods down to 30%.
China has agreed to lower its rate on US goods by about the same percentage points to 10%. The U.S. and China are committing to a 90-day suspension of most levies imposed since early April.
Its not clear what exactly happens after the 90 days are over but it's likely a more long term deal will be made now that there is a plan in place to continue discussions in resolving the trade war.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
This comes after President Trump said, “Great progress was being made between the two nations.” The meetings come amid a trade war where both nations have imposed higher tariffs on each other's goods.
Treasury Secretary Scott Bessent and trade negotiator Jamieson Greer are meeting with top Chinese officials in Geneva. These are the first meetings after President Trump and China implemented tariffs on each other.
President Donald Trump promised an announcement about a "major trade deal" with a "big, and highly respected country." The apparent progress as the U.S. and China prepares for their first face to face.
Two Trump administration officials will meet with their Chinese counterparts to discuss trade in the coming days, the administration said Tuesday.
The 485 shipments, 145 of which contained 516 counterfeit watches and 340 other shipments containing counterfeit driver's licenses, came from Hong Kong and China.
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
China has denied President Trump's assertion that the two sides were involved in active negotiations over tariffs.
President Trump on Sunday said there were no exceptions made to his tariff announcements, adding that "nobody" will see an exemption in his widening trade war.
The exemptions, published late Friday in a notice by the U.S. Customs and Border Protection office, cover various electronic goods, including smartphones.
Small businesses in the Chicago area are making some difficult decisions about their future, because of the tariffs imposed by the Trump administration and the retaliation from China.
Chinese officials called soaring U.S. tariffs are "a joke," Friday, while sharply hiking levies on American imports to 125%. Investors aren't laughing as the stock market wobbled again.
The move comes after President Trump raised tariffs to the same level on Chinese goods.
The owner of Timeless Toys said he was forced to buy $200,000 worth of toys due to the trade war between the world's two largest economies.
The owner of Timeless Toys in Lincoln Square says he would like to keep toys out of tariff talk and keep prices low for the holiday season, but he is nervous costs will skyrocket. Shardaa Gray reports.
The owner of Timeless Toys said he was forced to buy $200,000 worth of toys due to the trade war between the world's two largest economies. Shardaa Gray reports.
China is not part of the pause, and the administration is ratcheting up pressure on Beijing to negotiate, pushing tariffs on Chinese goods up to 125%.
Police said two men were shot, one fatally, after an exchange of words led to gunfire.
All nine avalanche victims have been recovered from California's Sierra Nevada, Nevada County Sheriff Shannan Moon said Saturday at a news conference.
According to Chicago police, the ages of the victims range from 20 to 37.
The two boys, both 17, one from Bensenville and the other from Addison, were arrested on Friday night.
Indiana State Police said a silver 2022 Toyota was heading southbound in the northbound lanes of I-65 and hit a black 2016 Ford head-on just before 2 a.m. on Saturday.
Gov. JB Pritzker is demanding President Trump refund the state of Illinois more than $8 billion after the U.S. Supreme Court struck down his sweeping reciprocal tariffs Friday.
Gov. J.B. Pritzker turned up the pressure on the Bears on Friday, calling on ownership to make clear if they're still interested in staying in Illinois and stop sending mixed signals.
Minneapolis Mayor Jacob Frey and Chicago Mayor Brandon Johnson will join several other Democratic elected officials and well-known actors in giving unofficial responses to President Trump's State of the Union address on Tuesday night, according to a news release about the event.
"I guess I can say I am considering that," President Trump told reporters when asked about the possibility of a limited strike on Iran.
The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs under a federal emergency powers law.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
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.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Lizard's Liquid Lounge announced recently that it will be closing for good in April after 18 years on Chicago's Northwest Side.
BP refinery workers in Northwest Indiana hit the picket line this past weekend as they escalate their fight for a contract.
Funkytown has now received a $3.7 million grant from the City of Chicago. The money will be used to create a new brewery and tap room on the Near West Side.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
Garth Brooks, Ed Sheeran, Post Malone and Jelly Roll are among the artists headlining in the 2026 SummerFest in Milwaukee this summer.
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
Meteorologist Kylee Miller is tracking snow and cold conditions.
Survivor alums greeted fans at the Kimball stop for the start of the challenge on Saturday morning.
The free swap took place in a mobile locker room that made several stops around the city on Saturday
The president's announcement comes one day after the Supreme Court struck down his sweeping tariffs
Seven years after Chicago police wrongly raided the home of Anjanette Young, the woman is celebrating the release of her new book.
Chicago police said two persons of interest are in custody for a deadly carjacking on the city's North Side that is believed to also be connected to a shooting in Bronzeville.
An investigation by the Major Accidents Investigation Unit is open and ongoing.
On Saturday morning, faith leaders and community members came together for a morning of reflection, music, and service in honor of the late Rev. Jesse Jackson.
Police said two men were shot, one fatally, after an exchange of words led to gunfire.
All nine avalanche victims have been recovered from California's Sierra Nevada, Nevada County Sheriff Shannan Moon said Saturday at a news conference.
A family-owned toy company in north suburban Vernon Hills played a pivotal role in the surprise Supreme Court ruling Friday that struck down most of President Trump's tariffs.
The city of Chicago is about to write some big checks to thousands of vehicle owners who had their cars, vans, or trucks towed by the city without the proper warning.
Gary residents hoped the new partnership between U.S. Steel and Japanese company Nippon Steel would mean changes to how much coal is being used and how much emissions are being released, but that's not what's in the works.
Chef Art Smith said the carjacking and fatal shooting of his employee, Darwin Tirado, 22, was devastating not only to his family but also to the larger community.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
After a successful halfpipe qualifier, Team USA's Hunter Hess flashed an "L" and referenced insults from President Trump.
The Chicago Bears have taken a big step forward in finding a new site for their stadium, and that momentum is moving fast toward Northwest Indiana.
As far as his own game is heading into the upcoming season, Hayes said he feels strong and healthy.
With all of his success so far, the 35-year-old lefty said he's excited for what's to come in year two for both himself and the team.
Northern Iowa football player Parker Sutherland has died two days after collapsing during an offseason workout.
An Illinois man was extradited from Texas to Michigan to face felony charges in connection with a 2024 murder and robbery in Warren.
An armed home invasion suspect has been charged, after he was arrested following an hours-long standoff with police, during which two people were rescued on Thursday in northwest suburban Arlington Heights, Illinois.
A Yorkville man has been sentenced to 12 years in prison after he was convicted of repeatedly sexually assaulting a girl for nearly four years in Chicago's far southwest suburbs.
An armed home invasion suspect is in custody after an hourslong standoff with police in northwest suburban Arlington Heights, Illinois.
It took more than three years, but charges have been filed in the deaths of two young women in Hobart, Indiana, back in 2022.
