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

Chicago Business News - Money, Financial & Corporate News

Wednesday, Feb 7, 2018 at 04:35 AM CST

More Americans Hold Stocks, for Better Or for Worse

More Americans Hold Stocks, for Better Or for Worse

A plunge in stock prices always stings, but this recent one dug deeper because more Americans are participating in the market, particularly older ones. Slightly more than half of all U.S. families own stocks in...

Wednesday, Feb 7, 2018 at 04:01 AM CST

Former Uber CEO Testifies in High-Tech Heist Case

Former Uber CEO Testifies in High-Tech Heist Case

Former Uber CEO Travis Kalanick took the witness stand Tuesday, offering his initial response to allegations that he cooked up a scheme to steal self-driving car technology from Google. Kalanick's testimony...

Wednesday, Feb 7, 2018 at 03:26 AM CST

Billionaire Doctor on Verge of Buying Los Angeles Times

Billionaire Doctor on Verge of Buying Los Angeles Times

The Los Angeles Times is on the verge of a sale that would take it from its Chicago-based parent company and put it in the hands of a local billionaire doctor. Dr. Patrick Soon-Shiong would pay Tronc Inc. $500...

Tuesday, Feb 6, 2018 at 03:27 PM CST

$25M Deal Over Trump U. Fraud Lawsuits Moves Forward

$25M Deal Over Trump U. Fraud Lawsuits Moves Forward

A federal appeals court on Tuesday upheld an agreement requiring President Donald Trump to pay $25 million to settle lawsuits accusing his now-defunct Trump University of fraud. The 9th U.S. Circuit Court of...

Tuesday, Feb 6, 2018 at 11:39 AM CST

Good News Was Actually Bad News for the Stock Market

Good News Was Actually Bad News for the Stock Market

The long, smooth, record-setting ride on Wall Street is over. The stock market pullback that experts had been saying was long overdue has finally come. Investor fears about higher interest rates escalated into...

Tuesday, Feb 6, 2018 at 08:01 AM CST

GM Union Workers to Get $11.7K Profit-Sharing Checks

GM Union Workers to Get $11.7K Profit-Sharing Checks

General Motors announced Tuesday it made $12.8 billion in pre-tax profits in 2017, and the company said union-represented workers will receive profit-sharing checks of $11,750. The company reported a net...

Tuesday, Feb 6, 2018 at 04:48 PM CST

Dow Turns 567-Point Loss Into 567-Point Gain as Stocks Rally

Dow Turns 567-Point Loss Into 567-Point Gain as Stocks Rally

U.S. stocks rallied Tuesday as a late surge helped them regain almost half their losses from the day before, when they had their biggest plunge in 6 ½ years. That came at the end of a day of heavy trading and...

Tuesday, Feb 6, 2018 at 03:50 AM CST

Asian Shares Tumble After Dow Has Worst Day Since 2011

Asian Shares Tumble After Dow Has Worst Day Since 2011

Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan's Nikkei 225 index briefly dipping more than 7 percent, but investors seemed to be taking the gyrations in stride. The Tokyo...

Monday, Feb 5, 2018 at 07:33 PM CST

Dow Falls More Than 1,100 Points In Historic Selloff

Dow Falls More Than 1,100 Points In Historic Selloff

The Dow Jones industrial average plunged as much as 1,500 points Monday in one of the most historic routs in stock market history. Michael George reports.

Monday, Feb 5, 2018 at 06:54 PM CST

Newsweek’s Future in Question After Firing Top Editors

Newsweek’s Future in Question After Firing Top Editors

The offices of Newsweek magazine were raided last month by investigators from the Manhattan District Attorney's office, and its chief content officer stepped down after sex harassment allegations. Now, as NBC...

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