Chicago Business News - Money, Financial & Corporate News | NBC Chicago

Chicago Business News - Money, Financial & Corporate News

Wednesday, Aug 3, 2016 at 10:24 AM CDT

Office Depot to Close More Stores After Failed Merger

Office Depot to Close More Stores After Failed Merger

A sizeable payout following a failed merger with its rival, Staples, pushed Office Depot to a second-quarter profit, but the office supply retailer still fell short of most expectations and revenue slid 6...

Thursday, Jul 28, 2016 at 03:59 PM CDT

Millennials Cause Home Ownership to Drop

Millennials Cause Home Ownership to Drop

The nation’s home ownership rate fell to its all-time low, and could drop further in the months to come, NBC News reported. The rate fell to 62.9 percent, the same as it was in 1965, when the U.S. Census...

Wednesday, Jul 27, 2016 at 09:32 PM CDT

Facebook Beats Analyst Expectations in Second Quarter

Facebook Beats Analyst Expectations in Second Quarter

Facebook beat Wall Street expectations, posting stronger earnings for the second-quarter, NBC News reported. The company reported $6.44 billion in revenue, according to a release posted after the end of the...

Wednesday, Jul 27, 2016 at 01:16 PM CDT

Fed Holds on Interest Rate, Sees Fewer Risks

Fed Holds on Interest Rate, Sees Fewer Risks

The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished. The Fed says that the U.S. job market has rebounded, with strong job gains in June...

Thursday, Jul 21, 2016 at 05:48 PM CDT

Roger Ailes Resigns as Head of Fox News

Roger Ailes Resigns as Head of Fox News

Roger Ailes is out as chief executive at Fox News Channel and Fox Business, his career at the networks he built from scratch and ran with an iron hand for nearly 20 years over with stunning swiftness following...

Wednesday, Jul 20, 2016 at 06:50 PM CDT

'Pokemon Go' Could Generate Billions For Apple: Analyst

'Pokemon Go' Could Generate Billions For Apple: Analyst

Apple can thank the "Pokemon Go" phenomenon for the billions of sales expected to come into the company, CNBC reports. Laura Martin, managing director of investment firm Needham & Co., estimates that the...

Monday, Jul 18, 2016 at 07:28 PM CDT

McDonald's, Starbucks Agree to Filter Wi-Fi Porn

McDonald's, Starbucks Agree to Filter Wi-Fi Porn

McDonald's and Starbucks are implementing filtering technology that blocks customers using Wi-Fi from accessing pornography sites.

Friday, Jul 15, 2016 at 07:46 PM CDT

Egg Prices Reach 10-Year Lows on Low Demand

Egg Prices Reach 10-Year Lows on Low Demand

In less than a year, eggs have gone from being an expensive staple at the height of the bird flu crisis to reaching the cheapest prices in a decade due to fully restocked poultry barns. But the demand for eggs...

Friday, Jul 15, 2016 at 06:50 PM CDT

‘Cake Boss’ Star Scouts Chicago Bakery Locations

‘Cake Boss’ Star Scouts Chicago Bakery Locations

"Cake Boss" star Buddy Valastro continues to mesmerize fans with his masterpiece creations at bakeries around the country, but soon, those desserts could be made at a Chicago bakery.

Thursday, Jul 14, 2016 at 12:58 PM CDT

Mortgage Rates Still Near Historic Lows

Mortgage Rates Still Near Historic Lows

Long-term U.S. mortgage rates moved little this week, remaining near historically low levels in the wake of financial disarray in Europe. Mortgage giant Freddie Mac said Thursday the average for the benchmark...

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