Is the U.S. headed for a recession? Here's what the experts say.
Wall Street is increasingly jittery about the health of the U.S. economy. Here's what the experts say about the chances of a recession.
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Wall Street is increasingly jittery about the health of the U.S. economy. Here's what the experts say about the chances of a recession.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending.
Stocks in the U.S. fell for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points, amid growing fears of an economic downturn sparked by a sharp slowdown in hiring and weakening consumer spending.
This August, some changes could be coming to the way you buy and sell your home.
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.
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 president also attended fundraisers as he gears up for a reelection bid while he was in Chicago.
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 Chicago Park District announced the city's outdoor public swimming pools will open on June 19 and stay open through Labor Day.
If you attended Pokémon Go Fest in Grant Park over the weekend, you were not alone. The event was a such a huge hit, it broke attendance records.
Longtime CBS News Chicago sports and news anchor/reporter Ryan Baker announced he will be leaving his role after nearly 20 years to enter a new chapter in the nonprofit sector.
With weddings, graduation parties, and other summer events in full swing, it's important to watch out for scams.
A rally was set for Tuesday morning calling for the reopening of West Suburban Medical Center in Oak Park.
Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem prior to Game 3 of the NBA Finals on Monday.
Currently acting attorney general, Todd Blanche may face an uphill confirmation battle from some wary Republican senators.
U.S. District Judge Leo Sorokin ruled in favor of a group of 20 states that challenged President Trump's new $100,000 visa fee.
Despite local hopes to rebuild Logan Correctional Center in its original Lincoln location, the Illinois Department of Corrections announced its plans to build a women's facility in Crest Hill, near Joliet.
President Trump abruptly ended an interview with NBC News when repeatedly challenged on his claims of election fraud
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
As thousands of Chicagoans wrap up road trips over the Memorial Day holiday weekend, gas prices in the city have reached the highest levels seen in four years.
Consumer and environmental advocates said Monday that they found overcharges buried in the most recent rate-hike request by Nicor.
One week away from Memorial Day weekend and the unofficial start of the summer travel season, with gas prices remaining high, negotiations were set to resume Monday at the largest oil refinery in the Midwest.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
June is World Infertility Awareness Month, and Northwestern Medicine on Monday shared the story of a woman who is celebrating the birth of her second child after a tumor disrupted her fertility.
The Centennial Park Aquatic Center in the southwest Chicago suburb of Orland Park has been closed to the public after two recent cases of E. coli infection.
Menopause can feel like a major turning point for millions of women, with symptoms like fatigue, weight gain, and brain fog can make women feel like their bodies aren't their own.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
DraftKings announced Monday that it is closing its sportsbook operation at Wrigley Field after only about two years.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Flight attendants at Chicago-based United Airlines have approved a new labor contract, marking their first pay increases in six years.
Visitors will soon be able to check out the set from CBS' "The Late Show with Stephen Colbert" in Chicago, at the Museum of Broadcast Communications.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Chicago Bears quarterback Caleb Williams is on the cover of Madden NFL 27, the first Bear ever to grace the primary cover of the massively popular video game.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
If you attended Pokémon Go Fest in Grant Park over the weekend, you were not alone. The event was a such a huge hit, it broke attendance records.
Chicago City Council members and the Cook County Board held hearings Tuesday on pretrial policies, including electronic monitoring and warrants.
President Trump was booed at Madison Square Garden when shown on the jumbotron during the national anthem before Game 3 of the NBA finals between the Knicks and the Spurs. Trump was also booed at the Knicks watch party in Bryant Park.
Wednesday is Pride night for the Chicago White Sox. Here's what you need to know ahead of the game.
Matches for the World Cup will be played at venues throughout North America. Bradley Blackburn reports.
Chicago police are investigating three armed robberies at fast food restaurants on Tuesday morning.
The Obama Presidential Center sits towering and shining new on the South Side. But down Stony Island Avenue, four addresses show the neighborhood's contrasts, the scars disinvestment has left and the promising new future being built around the new landmark.
Two members of Iraq's World Cup delegation were detained at O'Hare International Airport late Friday night. One of them was sent back home.
The forecast for a summer reopening of West Suburban Medical Center in Oak Park is growing cloudy, as negotiations continue between the owners and landlord, after the safety net hospital abruptly shuttered its doors in March.
The Chicago Park District announced the city's outdoor public swimming pools will open on June 19 and stay open through Labor Day.
The forecast for a summer reopening of West Suburban Medical Center in Oak Park is growing cloudy, as negotiations continue between the owners and landlord, after the safety net hospital abruptly shuttered its doors in March.
The Obama Presidential Center has been built with sustainability literally in its foundation. But its infrastructure for clean energy, environmentalism and climate change resiliency will also help the communities around it on Chicago's South Side.
A driver in Carol Stream says a band of hungry squirrels caused nearly $30,000 in damage to three different luxury vehicles because of plant-based parts they view as a tasty snack.
Legislation protecting Illinois customers receiving professional massages from sexual assaults and harassment is now on its way to Gov. JB Pritzker for his signature.
Could banning cell phones make Illinois classrooms better places to learn? State lawmakers are betting on it, sending a bill to Gov. JB Pritzker's desk to do exactly that.
Longtime CBS News Chicago sports and news anchor/reporter Ryan Baker announced he will be leaving his role after nearly 20 years to enter a new chapter in the nonprofit sector.
Two members of Iraq's World Cup delegation were detained at O'Hare International Airport late Friday night. One of them was sent back home.
Team owner Cherie Travis came up with the playful name, which was inspired by the city's cold winters.
Two-time Gold Glove shortstop Dansby Swanson was held out of the Cubs' starting lineup for a second straight game.
Brandon Marsh homered for the third straight day and drove in two runs as the Phillies beat the White Sox in South Philly.
Prosecutors allege the suspects robbed a home in Warren, Michigan, killing two people in December 2024.
An Illinois investment advisor has been indicted by a grand jury on charges that he swindled his clients in a Ponzi scheme.
One person was arrested after a pickup truck struck an Illinois State Police squad car in Chicago's Grand Crossing community early Monday.
Chicago police early Monday were investigating a stabbing that left a man dead in the Auburn Gresham community.
A man is dead after police said he was shot multiple times in the West Garfield Park neighborhood on Chicago's West Side.
