Iran war fallout raises odds of a U.S. recession, economists say
Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
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Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
CBS News Chicago checked in with Momentum Coffee owner Nikki Bravo on Wednesday to see how she was doing with the uncertainty in the market.
CBS News Chicago checked in with Momentum Coffee owner Nikki Bravo on Wednesday to see how she was doing with the uncertainty in the market.
Officials in both Japan and the United Kingdom have published figures indicating they saw negative economic growth for a second straight fiscal quarter at the end of the year.
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.
Recent economic data shows inflation is at the lowest level in more than two years and employers are still hiring. Does that mean we can stop talking about a potential recession? CBS News Business Analyst Jill Schlesinger says we’re not out of the woods yet but things are looking better.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
Chicago Mayor Brandon Johnson on Wednesday announced an expansion to the city's CARE Program, a specialized team that responds to mental health crises without police.
Illinois Senate Democrats are set to unveil a new plan aimed at protecting state residents from the risks of artificial intelligence.
Three lawsuits have been filed after an explosion and fire last week at a Des Plaines condo building.
Chicago police are looking for the thieves who smashed through the front of a sub shop and stole an ATM on Wednesday morning in the Avalon Park neighborhood.
A CTA bus was hijacked and the driver held at knifepoint and made to drive for miles with other riders on board overnight, Chicago police said.
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
A month after Mayor Brandon Johnson vetoed an attempt to halt any future scheduled pay hikes for tipped workers in Chicago, the City Council advanced a compromise to instead pause those raises for two years.
The operator of the Dali, a container ship that lost power and slammed into Baltimore's Francis Scott Key Bridge in 2024, killing six people, is facing federal charges.
Democratic National Committee officials visited Chicago on Monday as the city made its official bid to host the party's 2028 convention – a rare move after having just hosted the event in 2024.
A nonprofit group is suing to block the Trump administration's blue resurfacing of the Reflecting Pool in front of the Lincoln Memorial.
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.
Peoples Gas and North Shore Gas Company customers are likely to see minor credits on their bills for the next three years, thanks to a $125 million settlement agreement announced Thursday by Illinois Attorney General Kwame Raoul.
Chicago gas prices are spiking as the war with Iran drags on, with regular gas nearing $6 in some spots and premium already selling for more than $7 in some places.
In the legal venue of anti-trust enforcement, the state is not taking on the Trump administration, but rather filling a void that state officials say the Trump administration has vacated.
Chicago Mayor Brandon Johnson on Wednesday announced an expansion to the city's CARE Program, a specialized team that responds to mental health crises without police.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
The Chicago Fire FC announced Wednesday morning that its new stadium in the South Loop will be named McDonald's Park.
U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million.
Thousands of people marched from the West Loop to Daley Plaza in downtown Chicago on Friday for May Day, with activists calling for workers' rights, stronger labor protections, and increased school funding.
A $170 million-plus plan announced this week will redevelop the Water Tower Place mall on the Magnificent Mile.
The Holiday Club in Chicago's Buena Park neighborhood will soon be going out of business, as the building that houses the popular bar is set to be torn down.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Some youngsters got a behind-the-scenes look at the magic of making opera Sunday at the Lyric Opera of Chicago.
Matt DeCaro, an actor who was a familiar face on the Chicago stage for many years, died this weekend.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Tickets for the 2026 Ravinia Festival season went on sale Thursday morning.
Three lawsuits have been filed after an explosion and fire last week at a Des Plaines condo building.
The murder convictions and consecutive life sentences for Alex Murdaugh were overturned on Wednesday.
Chicago police are looking for the thieves who smashed through the front of a sub shop and stole an ATM on Wednesday morning in the Avalon Park neighborhood.
A CTA bus was hijacked and the driver held at knifepoint and made to drive for miles with other riders on board overnight, Chicago police said.
Illinois Senate Democrats are set to unveil a new plan aimed at protecting state residents from the risks of artificial intelligence.
A CTA bus was hijacked and the driver held at knifepoint and made to drive for miles overnight, Chicago police said.
The Illinois Department of Public Health said it is investigating a potential case of hantavirus in an Illinois resident, that they said is not linked to the deadly cruise ship outbreak.
An American Airlines flight from Miami landed at Chicago's O'Hare Airport with two flat tires.
The Chicago Fire FC announced Wednesday morning that its new stadium in the South Loop will be named McDonald's Park.
A man was killed after a hit-and-run crash on Chicago's Southwest Side on Tuesday night.
People in Lincoln Park and Lakeview have rallied against a plan to build a new industrial ComEd electrical substation in their neighborhoods, pushing local and state leaders to get involved.
Monday marks one year since Illinois enacted Karina's Law — legislation aimed at taking firearms out of the hands of people accused of domestic abuse.
Tenants at a South Shore apartment building said they've noticed their rent fluctuating by hundreds of dollars a month due to a change in how their utility billing system is set up.
A man from the Chicago suburbs lost $69,000 of his savings to a scam by a thief using an AI-generated U.S. Marshals badge to intimidate him.
Illinois lawmakers are trying to decide what should happen when artificial intelligence leads to serious destruction or even death, and two of the most influential AI companies in the world are backing opposing state bills trying to answer that question.
The Atlanta Braves beat the Chicago Cubs 5-2 on Tuesday night in the opener of a three-game set between the National League's top teams.
Chicago has come from behind in nine of its 20 wins. Kansas City has lost four of six following a five-game winning streak.
One of the best high school softball pitchers in the state takes the mound of a small school just south of Chicago.
It's on to the Grand Rapids Griffins, a team Wolves' head coach Spiros Anastas used to work for.
It's been quite a week for Bryson Graham—being hired as the new executive VP of basketball operations on Monday, to landing the No. 4 overall pick in the draft.
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Chicago police on Wednesday morning were looking for two people who broke into a restaurant in Printer's Row in the South Loop.
One person was killed and two others were seriously wounded in a shooting late Friday morning in the Greater Grand Crossing neighborhood on the South Side of Chicago.
Police across Chicago and the northern suburbs were investigating a string of overnight smash-and-grab burglaries targeting businesses.
A teenager has been charged with shooting and killing his father inside their home in southwest suburban Oak Lawn following an argument on Monday.
