Trump's aides say he plans on moving forward with reciprocal tariffs
The sweeping tariffs on goods from countries around the world set off the worst two-day Wall Street sell-off in five years.
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The sweeping tariffs on goods from countries around the world set off the worst two-day Wall Street sell-off in five years.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
President Trump is playing golf and getting ready for a new week after a busy one that brought new global tariffs and a fierce stock market reaction.
Stocks suffered their worst crisis since COVID in March 2020, as the Dow Jones plunged more than 2,200 points on Friday, over concerns about the fallout from President Trump’s tariffs. The NASDAQ and S&P lost nearly 6 percent. Posting on social media as he went golfing, the president called this “a great time to get rich.” But in a rare move, President Trump is calling on the Federal Reserve to cut interest rates. Fed chairman Jerome Powell warned on Friday that tariffs could do long-term harm to the economy.
As Jarred Hill reports, the White House continues to promise the long-term gain will be worth it.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
It is not yet known how much more consumers will pay for nearly everything they buy.
It is not yet known how much more consumers will pay for nearly everything they buy. Jermont Terry reports from Abt Electronics in Glenview, where consumers are left what the tariffs will mean for their purchases in the future.
Krishnamoorthi said the tariffs amount to a tax on working families. He talked with Marie Saavedra on Thursday.
Jeep-maker Stellantis is idling production at plants in Canada and Mexico and will temporarily lay off 900 workers in the Midwest.
The Dow Jones Industrial Average plunged over 1,400 points, or 3.5%, shortly after stock market trading opened Thursday in the wake of President Donald Trump announcing sweeping global tariffs Wednesday.
U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.
President trump's new tariffs against more than 60 countries sent markets tumbling this morning in Asia. Top European union officials are calling them a "major blow" to the global economy.
In response to the tariffs President Trump announced on his so-called “Liberation Day,” stocks plunged after hours. Erica Brown has new reaction at the White House.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."
Reciprocal tariffs — a tax or trade restriction that one country places on another in response to similar actions taken by that country — were the main headline. Political Reporter Chris Tye breaks it down.
President Trump is set to unveil his new tariffs plan on Wednesday, targeting a broad range of countries that tax U.S. goods, to be imposed immediately upon his announcement at the White House.
President Trump has called Wednesday "Liberation Day," when he plans to impose tariffs on a wide number of products being imported into America. The president said the tariffs will raise revenue and incentivize companies to build in the U.S., but critics worry the tariffs will hurt Americans.
Stocks tumbled and Wall Street braced for President Donald Trump to announce a fresh round of tariffs on April 2, which he has labeled "Liberation Day," and which are expected to cripple economic growth and reignite inflation.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
The president is set to announce the reciprocal tariffs during a rose garden event on Wednesday and that's just one part of new trade policies taking effect this week.
CBS’s Natalie Brand reports it comes as a new CBS news poll shows more than half of Americans believe the president is not focusing enough on lowering prices.
The city-wide fundraiser comes as Latino families face food insecurity, wage loss, and instability after ICE activity in Chicago.
Last July, Herrera was hit and killed while walking across this intersection at Ashland and Cullerton after working a street festival in the Pilsen neighborhood.
Connor Bedard added an empty-net goal as the Blackhawks stopped a three-game slide. It was Bedard's first goal since returning from a right shoulder injury.
The incident happened at Medgar Evers Elementary School in Ford Heights last Thursday, where the Cook County Sheriff's Office said a loaded gun was found in a student's backpack.
Caleb Williams was reflective the day after and focused on attacking the offseason, while appreciating the impact this team had on the city of Chicago.
Illinois House Speaker Emmanuel "Chris" Welch posted photos of himself with Chicago Bears owner George McCaskey and president Kevin Warren at Sunday night's game as the apparent two-horse race continues to land a new football stadium.
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
The Justice Dept. says it's investigating a group of protesters in Minnesota who disrupted services at a church where a local ICE official apparently serves as a pastor.
Europeans were reeling Sunday from President Trump's announcement that eight countries will face a 10% tariff for opposing American control of Greenland.
Looking overseas, there is wide opposition to the idea of taking Greenland by force.
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.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
January is Radon Action Month, and the Cook County Department of Public Health is urging residents to test their homes for radon.
Severe flu season is sending many people to hospital emergency rooms across the country, including in the Chicago area.
Unionized health care workers this week took aim at Northwestern Medicine, saying the health care system needs to hire more people before expanding the emergency room at Northwestern Memorial Hospital.
The Illinois Department of Public Health announced Tuesday that its recommendations for childhood vaccines will not be affected by a change in federal guidelines.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
WSCR-AM, 670 The Score, will begin a simulcast on 104.3 FM next month.
Does the Chicago Bears' dramatic improvement this season, culminating in their first playoff run in five years, change the discussion about where they will build a new stadium?
The Piggery, a popular barbecue restaurant and bar in the northwest corner of Chicago's Lakeview neighborhood, announced Thursday that it is going out of business.
A flamenco dance series in Chicago is expanding access to the arts by bringing the expressive traditional dance form to Chicago communities.
Monday is the opening day for a new exhibit at the Griffin Museum of Science and Industry that immerses visitors into the imaginative world of award-winning fashion and costume designer Paul Tazewell.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Dan O’Connor jumped right in on Monday morning when the lake water temperature was just 33 degrees.
Flu hospitalizations for children under age 18 have hit the highest weekly rate in more than 15 years. At least 32 children have died from the flu.
Bundle up with the heavy jackets early tomorrow morning. By the afternoon highs will hover in the teens but will still feel like the single digits during the afternoon with partly cloudy skies.
The Todos Ponen Project launched in 2020 when immigrant families were navigating the COVID-19 pandemic. Since then, it's become a long-term initiative, helping the community.
In the six months since 22-year-old Marcela Herrera's death, loved ones have searched for closure by holding rallies and protests as they push CPD to make an arrest.
The incident happened at Medgar Evers Elementary School in Ford Heights last Thursday, where the Cook County Sheriff's Office said a loaded gun was found in a student's backpack.
The victim was found unresponsive in the alley at 64th and Drexel Sunday morning and was pronounced dead at the scene, police said.
Chicago police issued a warning about a string of vehicle break-ins involving Honda Civics on the South Side.
The city-wide fundraiser comes as Latino families face food insecurity, wage loss, and instability after ICE activity in Chicago.
If you can brave the freezing cold, you might be able to glimpse the northern lights in Illinois Monday night.
Chicago police issued a warning about a string of vehicle break-ins involving Honda Civics on the South Side.
Even as Mayor Brandon Johnson has warned of possible mid-year city worker layoffs if revenue estimates in the budget fall short, city employees and workers at the city's sister agencies owe a mountain of outstanding debt to the city.
Lead-based paint was banned for serious health reasons in 1978, but most homes built before then remain covered in it.
Fire department officials in Chicago's western suburbs said drone technology has been helping keep firefighters safe and make a major impact on public safety.
With the stores becoming a common target for thieves, some of the stores in the Chicago area are taking new steps to fight back.
Connor Bedard added an empty-net goal as the Blackhawks stopped a three-game slide. It was Bedard's first goal since returning from a right shoulder injury.
Caleb Williams was reflective the day after and focused on attacking the offseason, while appreciating the impact this team had on the city of Chicago.
Caleb Williams' last throw in regulation was a backpedaling, fourth-down rainbow that landed in Cole Kmet's hands in the corner of the end zone for a breathtaking touchdown.
Despite forcing OT with a catch in the final minute in the 4th Quarter, the Chicago Bears' playoff journey comes to an end.
Chicago led 70-51 at the half and the advantage stayed above 20 points for most of the second half.
The video shows burglars slicing into display cases under the eyes of several Louvre Museum staff members who do not intervene.
A judge and his wife were shot and wounded in their home over the weekend in Lafayette, Indiana.
A jewelry store in Chicago's Little India district was robbed at gunpoint Sunday evening.
A man was arrested and charged this weekend with a string of armed robberies and burglaries within a period of just over an hour earlier this month in Chicago.
The ages of the victims range from 17 to 40, according to Chicago police.
