Remember that looming recession? Not happening, some economists say
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
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"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.
Train conductors vote against wage deal with rail companies brokered by the Biden administration.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
"I got this wrong," admits CEO Mark Zuckerberg as his company grapples with faltering revenue and broader tech industry woes.
The rocky year on Wall Street continues. And Savage told CBS 2's Chris Tye Tuesday night that it may be here for a while.
The rocky year on Wall Street continues. And Savage told CBS 2's Chris Tye Tuesday night that it may be here for a while.
Billionaire Elon Musk said Tuesday he intends to reverse Twitter's ban against former President Donald Trump. CBS News' Tanya Rivero and Dan Patterson break down this announcement with CBS News tech reporter Dan Patterson.
The GDP a measure of total spending on goods and services across the economy, fell at an annual rate of 0.9 percent, the Commerce Department said Thursday.
Recession – it’s a word we hear a lot lately. CBS 2's Chris Tye reports on some concerns, and some cautious optimism on one front.
H. Robert Heller, who served on the board of governors of the Federal Reserve and also served as president and chief executive officer as Visa U.S.A., joins CBS 2’s Brad Edwards to talk about whether we are in a recession – and what it means for you.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
President Biden announced an unprecedented set of actions to ease the financial squeeze for fuel, including accessing about a third of the nation's strategic reserve until October. Errol Barnett has the latest on what this means for Americans.
"We are still clearly not out of the weeds."
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Because of the weak economy, retailers are competing with each other to fill their positions.
President Donald Trump thinks the stock market would "crash" if he were impeached and "everybody would be very poor." Wall Street analysts beg to differ.
While a lot of the newly employed hold white collar positions, industry experts say about half of the 200,000 are low-wage jobs.
Two piping plover chicks hatched at Waukegan Beach over the weekend.
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Six men have been arrested and charged after a 15-month prostitution investigation into brothels in several west and northwest suburbs.
A bar on Lincoln Avenue in Chicago's Lincoln Park community was shut down by Chicago police Tuesday morning, days after a fight broke out at a party in the bar and led to a fatal shooting.
Two independent Latino candidates seeking to run for retiring U.S. Rep. Jesus "Chuy" Garcia's seat in Congress won't appear on the ballot in November.
Two independent Latino candidates seeking to run for retiring U.S. Rep. Jesus "Chuy" Garcia's seat in Congress won't appear on the ballot in November.
New search data shows "fascism" drew roughly 264,700 monthly searches nationally in 2026, but in Illinois the most-searched word definition was "bias."
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
Parents of students in the Chicago Public Schools system had a chance Monday to weigh in on the next budget.
Local leaders and housing advocates on Monday called on Chicago's City Hall to push back on a so-called FAIR Ordinance, which would scale back some of the plans in Mayor Brandon Johnson's Protect Renters Ordinance.
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.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
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.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Illinois American Water and Aqua Illinois are both seeking rate increases that would raise monthly bills by as much as $28, while their parent companies seek regulatory approval to merge — a deal a consumer watchdog says would give one company control of nearly all regulated water customers in the state.
The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. — commonly known as John Deere — that requires the company to let farmers and independent shops fix their own equipment.
Chicago Soul Café opened Monday at 6248 S. St. Lawrence Ave.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
Christopher Nolan's "The Odyssey" is the first film shot entirely on 70mm IMAX cameras, and Cinemark Seven Bridges in Woodridge is 1 of roughly 30 theaters nationwide equipped to show it that way.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
The actor's agent said he was providing more information following news reports "which contain inaccuracies and outright falsehoods."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The 46th Taste of Chicago is cashless for the first time, accepting only credit cards, with a drone and fireworks show scheduled for approximately 9:15 p.m. Friday near Buckingham Fountain.
A woman in Australia delivered identical quadruplets.
Meteorologist Kylee Miller has the extended forecast.
Illinois Secretary of State Alexi Giannoulias on Tuesday morning unveiled a new program meant to improve interactions between law enforcement and drivers with autism.
Police said the man was in critical condition after the shooting, and a search is on for two people of interest who were seen talking with the victim before the shooting.
The long journey to relocate four beluga whales from a defunct Canadian theme park to the Shedd Aquarium in Chicago has officially begun.
A bar on Lincoln Avenue in Chicago's Lincoln Park community was shut down by Chicago police Tuesday morning, days after a fight broke out at a party in the bar and led to a fatal shooting.
Police say a man and a woman were last seen speaking with the victim before the shooting.
Two piping plover chicks hatched at Waukegan Beach over the weekend.
Four beluga whales rescued from a defunct Canadian theme park have arrived safely at the Shedd Aquarium in Chicago.
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Neighbors in the Avalon Park neighborhood said their community has been plagued by squatters, weeds, rats, and water leaks – all thanks to an abandoned home that's been sitting vacant for years.
Chicago has been feeling the heat this week, with highs in the 90s the past five days, but officials are making moves to cool off some of the hottest parts of the city, specifically Chicago Park District fieldhouses where many turn to keep cool.
Gene Rush survived throat cancer, but he didn't survive a trip to the Porter County Jail over 4th of July weekend. His family said jail staff failed to provide lifesaving medical care.
Haze from Canadian wildfire smoke that has settled in Chicago on Thursday is directly connected to climate change, according to experts, who said days like this could be more problematic moving forward.
A pair of jewelry importers have been charged in federal court in Chicago with smuggling millions of dollars in gold jewelry into the U.S. to avoid taxes, schemes uncovered by a federal task force that has surpassed $1 billion in recoveries and penalties over the past year.
All eyes are on Chicago as the city gets set to host the WNBA All-Star Weekend for the second time.
Chicago right-hander Jameson Taillon allowed four runs and five hits over 4 1/3 innings in his first big league start since June 7.
Benintendi was hitless in 10 at-bats against deGrom before hitting a two-out, 2-2 pitch to right field to give the AL Central-leading White Sox a 5-2 lead.
Spain topped Argentina in extra time, one-nil, after playing scoreless for 90 minutes at MetLife Stadium in New Jersey.
Jordin Canada didn't score a point in the first half. With 0.3 seconds on the clock and the game tied at 91, she scored the biggest basket of the night.
A bar on Lincoln Avenue in Chicago's Lincoln Park community was shut down by Chicago police Tuesday morning, days after a fight broke out at a party in the bar and led to a fatal shooting.
A man was shot and wounded early Tuesday in the Wentworth Gardens public housing development just south of Rate Field.
Charges were pending Tuesday morning for a man accused of shooting a woman and a Chicago police SWAT officer in Chicago's Albany Park community the day before.
A man stabbed two tourists near the ancient Acropolis in Athens, Greece's top tourist attraction, police said.
A man was shot and killed in a fight in Chicago's Lincoln Park neighborhood Sunday night.
