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

Chicago Business News - Money, Financial & Corporate News

Thursday, Aug 15, 2019 at 05:55 PM CDT

California Illegal Pot Market Is Booming

California Illegal Pot Market Is Booming

California's struggling legal cannabis industry is expected to grow this year to $3.1 billion, but it remains outmatched by a thriving illegal market ripe with bargains, a report concluded Thursday. Consumers...

Thursday, Aug 15, 2019 at 04:09 PM CDT

US Stock Indexes End Mostly Higher After Volatile Day

US Stock Indexes End Mostly Higher After Volatile Day

Investors rode out another turbulent day on Wall Street Thursday that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Worries about a possible...

Wednesday, Aug 14, 2019 at 11:20 AM CDT

Spas Are Seeing More Men, a Less-Is-More Approach for Guests

Spas Are Seeing More Men, a Less-Is-More Approach for Guests

Spa visits and the money they generate reached record highs last year in the U.S. with $18.3 billion in revenue driven by 190 million pampering trips, according to the International Spa Association. The leading...

Wednesday, Aug 14, 2019 at 09:32 AM CDT

WeWork Reveals Loss, Revenue Growth as It Prepares IPO

WeWork Reveals Loss, Revenue Growth as It Prepares IPO

WeWork is getting ready to go public, adding to a growing list of money-losing venture seeking investors. The office space-sharing company, which recently renamed itself The We Co., said in a regulatory filing...

Wednesday, Aug 14, 2019 at 03:51 PM CDT

Dow Tanks 800 Points in Worst Day of 2019

Dow Tanks 800 Points in Worst Day of 2019

Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. The Dow dropped 800.49 points or 3.05% to...

Tuesday, Aug 13, 2019 at 01:34 PM CDT

CBS, Viacom Reach Deal to Form $30B Media Company

CBS, Viacom Reach Deal to Form $30B Media Company

After three years of negotiations, CBS and Viacom are coming together to form a new $30 billion company, controlled by Shari Redstone and cementing her status as possibly the most influential woman in media, NBC...

Monday, Aug 12, 2019 at 02:41 PM CDT

Why Many Employees Feel Devalued Even in Booming Job Market

Why Many Employees Feel Devalued Even in Booming Job Market

For more than two decades, Ken White worked at a credit card processor. It was a good job, but it fell victim to the Great Recession. Today, at 56, White does similar work managing technology projects for a...

Monday, Aug 12, 2019 at 12:52 PM CDT

Nike Is Entering the Subscription Business With a Kids’ Sneaker Club

Nike Is Entering the Subscription Business With a Kids’ Sneaker Club

Nike is stepping into the subscription business. The No. 1 sneaker retailer in the U.S. is launching a subscription service for kids called Nike Adventure Club. It will allow parents to order shoes for their...

Monday, Aug 12, 2019 at 10:57 AM CDT

Chick-Fil-A Adds Mac and Cheese to Its Menu, Making a Rare Change

Chick-Fil-A Adds Mac and Cheese to Its Menu, Making a Rare Change

Chick-fil-A is rolling out a new menu item Monday: mac and cheese. The item is Chick-fil-A’s first permanent side addition to its menu since 2016. Unlike other fast-food competitors, the Atlanta-based company...

Monday, Aug 12, 2019 at 11:03 AM CDT

Versace, Coach, Givenchy Apologize to China for Hong Kong, Macau T-Shirts

Versace, Coach, Givenchy Apologize to China for Hong Kong, Macau T-Shirts

American fashion brand Coach, French label Givenchy and Italian luxury brand Versace have been boycotted by some Chinese social media stars for suggesting that places like Hong Kong and Macau are separate...

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