Home electricity bills forecast to reach a 12-year high this summer
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
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High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
A couple in DuPage County are opening a co-op grocery store they hope can address the strain of ever-rising food costs.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
The cause of the recent "egg-flation" is the rise in bird flu cases in the U.S., which has been impacting farms and wiping out flocks.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
CBS News’ Nancy Chen visited a dairy farm near Albany, New York to learn more about the spike.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
"It's the economy, stupid," – A four-word strategy that helped Bill Clinton defeat incumbent President George H.W. Bush in 1992. Three decades later, the economy again was a driving factor in a presidential election. CBS News Chicago examined exit poll results and the way rising prices helped President-elect Donald Trump win his second term in office.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The cost of Labor Day staples like meat, beer, and beans, was up anywhere from 3% to 10%, according to the CBS News price tracker.
Those grilling or feeding friends this holiday weekend are likely paying more this year than they did last Labor Day. Prices are up for several summer cookout staples. CBS News Chicago wanted to know how local eateries are coping with higher prices for food.
Those grilling or feeding friends this holiday weekend are likely paying more this year than they did last Labor Day. Prices are up for several summer cookout staples. CBS News Chicago wanted to know how local eateries are coping with higher prices for food.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
Analysts say home buying and renting costs can lag behind other inflation improvements, but many see good news for homebuyers down the line.
Mars is buying food company Kellanova, giving it access to brands such as Cheez-It and Pop-Tarts.
Certified financial planner Jessica Debold of Goldstone Financial Group joins us with a sobering report on how inflation has affected back-to-school shopping, and what you can do to cut costs.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
This week, Mcdonald's is launching a new $5 meal deal and CBS Correspondent Kenny Choi reports, Americans crave fast food, but with higher prices, more and more simply, they aren't lovin' it.
Prosecutors said the chase started after a patrolling officer in Hinsdale spotted a 2013 Ford Fiesta driving without a rear license plate.
For the first time, Illinois Congressman Jonathan Jackson is speaking out about House Speaker Mike Johnson's decision denying the request for Jackson's late father, Rev. Jesse Jackson Jr., to lie in honor at the U.S. Capitol.
Three people were displaced by a house fire in Chicago's Belmont Cragin neighborhood Tuesday afternoon.
Two employees of a Des Plaines, Illinois daycare center stood charged Tuesday with battering children.
A person of interest was in custody on Tuesday, a day after an Uber Eats delivery driver was found dead in the street on the West Side of Chicago near Loretto Hospital.
For the first time, Illinois Congressman Jonathan Jackson is speaking out about House Speaker Mike Johnson's decision denying the request for Jackson's late father, Rev. Jesse Jackson Jr., to lie in honor at the U.S. Capitol.
A grand jury refused to return an indictment against the six Democratic lawmakers earlier this month.
Some House Republicans have rebuked Mr. Trump on tariffs, war powers and the Epstein files, and defections could grow as the midterms approach.
FedEx sued the Trump administration over its tariffs on Monday, asking for a "full refund" of all payments it made to the government under a set of tariff policies that were ruled illegal by the Supreme Court.
At least six Illinois Democratic lawmakers are planning to boycott President Trump's State of the Union address on Tuesday.
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.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
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.
Nick Reiner, 32, was charged with two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
"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.
Meteorologist David Yeomans has the extended forecast.
Tuesday marks four years since Russia invaded Ukraine, kicking off a full-scale war now entering its fifth year.
A Cook County judge has ruled the city of Chicago "systematically overcharged" drivers for parking tickets and other violations for a decade, meaning the city now owes more than $100 million in refunds.
Carradine was known for his roles in “Revenge of the Nerds” and as Lizzy McGuire’s dad.
Guthrie has also acknowledged for the first time that her mother, Nancy Guthrie, may no longer be alive. Jonathan Vigliotti reports.
A person of interest was in custody on Tuesday, a day after an Uber Eats delivery driver was found dead in the street on the West Side of Chicago near Loretto Hospital.
Two employees of a Des Plaines, Illinois daycare center stood charged Tuesday with battering children.
Some flights between western Mexico and Chicago have begun operating again, with the first travelers arriving Monday night.
A Cook County judge has ruled the city of Chicago "systematically overcharged" drivers for parking tickets and other violations for a decade, meaning the city now owes more than $100 million in refunds.
Prosecutors said the chase started after a patrolling officer in Hinsdale spotted a 2013 Ford Fiesta driving without a rear license plate.
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.
Eight Cubs players and four White Sox players will be leaving spring training to play in the World Baseball Classic.
American skier Lindsey Vonn, who crashed seconds into her downhill race at the 2026 Winter Olympics, said she is finally out of the hospital as she recovers.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
The Bulls played without injured guards Jaden Ivey and Anfernee Simons, both acquired at the trade deadline.
Consistency is key for Busch, which is something he learned from his game last season.
Two employees of a Des Plaines, Illinois daycare center stood charged Tuesday with battering children.
A person of interest was in custody on Tuesday, a day after an Uber Eats delivery driver was found dead in the street on the West Side of Chicago near Loretto Hospital.
Chicago police on Tuesday morning were searching for the person who shot a man and his dog in the West Pullman neighborhood.
Two teenage boys have been charged in three armed robberies that happened within 45 minutes Monday night.
Savannah Guthrie said in a new video that the family is offering an additional reward of up to $1 million for information about their mother Nancy Guthrie's whereabouts.
