Chicago businesses prepare for a 'Beyonce bump'
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%.
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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 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.
