Here's how much you have to make to afford a starter home in the U.S.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
It may seem hard to believe, but after the holidays, the presidential campaign season will really heat up -- and CBS News just out with a new poll on how people are feeling about the economy. CBS News pollster Anthony Salvanto joins us to explain the results.
Meanwhile, pilots at Southwest are poised to follow with the opening a "strike center" in Dallas this week.
Incomes fell in 2022 and more people fell into poverty after the end of pandemic benefits like stimulus checks.
UPS and the Teamsters union have reached a tentative contract on working conditions for the 340,000 unionized employees at the shipping giant, both parties announced Tuesday.
When Beyonce made her way to Philadelphia, search traffic for beauty services like nail salons soared 193% higher than normal. Searches for hair stylists rose 73%.
Queen B is coming to town, Beyonce that is, and with the Renaissance World Tour just a few days away, businesses are already preparing for a wave of concertgoers. CBS 2's Sabrina Franza explained.
"Revenge travel" continues to surge. Americans are booking trips right and left thanks to a burning desire to leave their homes after the pandemic. What's not so hot is how it's going behind the scenes at hotels. CBS 2's Lauren Victory reported on a recruitment solution the industry is pushing for and how it could affect your taxes.
The president also attended fundraisers as he gears up for a reelection bid while he was in Chicago.
President Joe Biden was in Chicago on Wednesday to deliver a major speech on his economic agenda and success during his term in office.
The industries with the most hiring were government, finance, and hospitality.
The State of Illinois released new data on Thursday showing the unemployment rate is down and hiring is up. The numbers show the unemployment rate fell by 0.1% points to 4.1% and 2,500 jobs were added in Illinois in May.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
The goal is to help the Asian American, Native Hawaiian, and Pacific Islander business community.
The event is also to connect community members directly with federal leaders and resources.
The 517,000 figure is about three times higher than many economists' predictions.
U.S. employers added 517,000 jobs in January, a mark exceeding all expectations. That figure is about three times higher than many economists' predictions. But how does Chicago compare to the national numbers?
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
Breaking News, First Alert Weather, Exclusive Investigations & Community Journalism
Police determined a man, identified as Raymond Link, 47, attacked and battered a 59-year-old woman along with his unleashed dog.
Columbia University said Monday it is canceling its main commencement ceremony after weeks of protests and turmoil on campus.
Security cameras captured the moment 35-year-old Mary Larson pulled brochure holders and even a billboard off the wall.
Monday's highs reach 70 degrees with mostly sunny skies.
"Going forward, this court will have to consider a jail sanction if it is recommended," Judge Juan Merchan said from the bench.
"My vision for the DNC, ultimately, is to have a safe, energetic, vibrant convention, and I'm confident we will be able to deliver that," Johnson said.
President Biden awarded the Presidential Medal of Freedom, the nation's highest civilian honor, to 19 recipients.
The CBS 2 Investigators analyzed more than 1 million rows of city budget office data. The data showed the five key city departments that relied on overtime the most.
Joshua Dean was a quality inspector at Spirit AeroSystems, which builds the bulk of the 737 Max for Boeing, and recently died from a fast-spreading infection.
Employees at dozens of now-closed Foxtrot Market and Dom's Kitchen stores, now jobless, wonder what comes next for them as their paychecks will soon end.
The family didn't get their cut of the estate sale, not hearing back from the salesman until CBS 2 got involved.
The Better Business Bureau warns that anyone buying an event ticket should watch out for fake ticket scams.
Financial records show Paul Croft and J.D. Frost raised about $30 million for a hydrogen plant that was supposed to be, at one point, in Indiana. It never existed, an attorney says.
Anyone with these sausages in their refrigerators should throw them away or return them to the store.
First known HIV cases from a nonsterile injection for cosmetic reasons highlights the risk of unlicensed providers.
The city's measles dashboard said a total of 63 measles cases have been confirmed in Chicago this year, with one new case this week.
The department said anyone who visited the Sam's Club at 9400 S. Western Ave. in Evergreen Park one day last week may have been exposed to someone with measles.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
Officials said there was no known link between this case and the recent outbreak of measles at a migrant shelter in Chicago.
The Illinois Worker Adjustment and Retraining Notification (WARN) Act requires employers to notify workers of mass layoffs 60 days in advance.
Mayor Brandon Johnson denied that the Bears' shiny new dome could end up costing taxpayers a pretty penny.
Employees at dozens of now-closed Foxtrot Market and Dom's Kitchen stores, now jobless, wonder what comes next for them as their paychecks will soon end.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Dozens of typewriters clutter the shelves of the 24-year-old business owner's workshop inside his parents' home in Downers Grove.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
"Happy 9th Birthday, Princess Charlotte!" the Prince and Princess of Wales said in a social media post with a new photo of their daughter taken by Kate.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
The vinyl sales alone were monumental, Billboard said, with "the largest sales week for an album on vinyl in the modern era."
CBS 2 meteorologist Ed Curran has Monday's cicada countdown.
Chicago Police are searching for the person driving a luxury car who hit and left a pedestrian critically hurt in Bucktown Saturday night.
Kelley Szany, senior vice president of education and exhibitions at the Illinois Holocaust Museum, explains the importance of this day of honoring survivors.
The bodies of three missing surfers were found with gunshot wounds.
Police responded to the scene and found the 40-year-old woman in the crosswalk. She was struck by a dark-colored sedan that left the scene.
The university issued an alert urging students to avoid the area and to remain inside their buildings.
Police responded to the scene and found a woman, 40, in the crosswalk. She was struck by a dark-colored sedan that left the scene.
Monday's highs reach 70 degrees with mostly sunny skies.
Breaking News, First Alert Weather, Exclusive Investigations & Community Journalism
Police determined a man, identified as Raymond Link, 47, attacked and battered a 59-year-old woman along with his unleashed dog.
Expert panel discussion centers the focus on the disparity that 1 in 3 victims of crime in Chicago is a Black woman
Police arrived at the scene sooner than if they had waited for the first 911 call.
Anthony Robinson's attorney said his previous defense lawyer failed to present evidence that showed it was physically impossible for him to be the shooter.
The village board is working on a resolution to hire Lightfoot, a former federal prosecutor before her lone term as Chicago's mayor, to investigate claims Henyard has been misusing public funds.
DCFS Director Heidi Mueller was asked Thursday why some kids in the system are being held in psychiatric hospitals longer than medically necessary.
Chicago had lost 14 of its first 16 road games this season.
Chicago posted two straight wins against Milwaukee after losing 3-1 on Friday.
The Bears said Avellini died after a battle with cancer.
Tanner Banks came on after a three-hour rain delay to strike out pinch-hitter Iván Herrera in the bottom of the 10th inning.
hicago tied its first divisional series of the year at one apiece in manager Craig Counsell's first series against his former team.
Officials confirmed the bodies found in a well last week in Mexico belonged to three missing surfers and that they each had bullet wounds.
Police in Wisconsin fatally shot a student who had pointed a pellet rifle in their direction outside a middle school, according to the state's Department of Justice.
During the burglary, surveillance video caught a man taking a swig from a bottle of 19 Crimes Snoop Dogg Cali Red blend wine, which he then put back in the garage refrigerator.
There were four different robberies of this variety with five victims within a period of less than half an hour in Bucktown Thursday morning. One of them was caught on video.
Larry Perry, 34, was killed on Feb.21 after officers with the Hammond Police Dept. chased him into Chicago and ran his vehicle into the Little Calumet River, family members said.