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

Chicago Business News - Money, Financial & Corporate News

Friday, Dec 7, 2018 at 05:00 PM CST

Dow Drops More Than 500 Points to Cap Wild Week on Wall St.

Dow Drops More Than 500 Points to Cap Wild Week on Wall St.

Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones Industrial Average lower by 558.72...

Friday, Dec 7, 2018 at 12:47 PM CST

Marlboro Maker Places $2.4B Bet on Marijuana

Marlboro Maker Places $2.4B Bet on Marijuana

One of the world's biggest tobacco companies is diving into the cannabis market with a $2.4 billion buy-in.

Friday, Dec 7, 2018 at 10:07 AM CST

US Hiring Slowed to 155K Jobs, Jobless Rate Stayed 3.7%

US Hiring Slowed to 155K Jobs, Jobless Rate Stayed 3.7%

U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. Still, economists...

Thursday, Dec 6, 2018 at 11:40 PM CST

Why Huawei Arrest Deepens Conflict Between US and China

Why Huawei Arrest Deepens Conflict Between US and China

The dramatic arrest of a Chinese telecommunications executive has driven home why it will be so hard for the Trump administration to resolve its deepening conflict with China. In the short run, the arrest of...

Thursday, Dec 6, 2018 at 08:05 AM CST

Bloomberg Would Try to Sell His Business If He Was President

Bloomberg Would Try to Sell His Business If He Was President

Mike Bloomberg said Tuesday in a Radio Iowa interview that he will probably try to sell Bloomberg LP if becomes president in 2020. "I think at my age, if selling it is possible, I would do that," Bloomberg...

Thursday, Dec 6, 2018 at 04:02 PM CST

Stocks Claw Back From an Early Plunge on Fed Report

Stocks Claw Back From an Early Plunge on Fed Report

U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market's gains for the year. An early plunge briefly knocked more than 700 points off the Dow Jones...

Wednesday, Dec 5, 2018 at 05:38 PM CST

Sea Reefs and Sunsets: Living Coral Is Color of the Year

Sea Reefs and Sunsets: Living Coral Is Color of the Year

It's the color of underwater reefs hanging on for dear life. The sky at dusk. Some of the latest iPhones and the latest looks on the runways of Marc Jacobs and other top fashion designers. Living Coral has been...

Thursday, Dec 6, 2018 at 05:08 AM CST

The 10 Best Places to Work in 2019, According to Glassdoor

The 10 Best Places to Work in 2019, According to Glassdoor

Now is a great time for workers looking for a job. According to the latest jobs report from the Bureau of Labor Statistics, the American economy added 250,000 jobs in October, and unemployment remained at...

Wednesday, Dec 5, 2018 at 05:18 PM CST

Documents Show Facebook Used User Data as Competitive Weapon

Documents Show Facebook Used User Data as Competitive Weapon

Internal Facebook documents released by a U.K. parliamentary committee offer the clearest evidence yet that the social network has used its enormous trove of user data as a competitive weapon, often in ways...

Wednesday, Dec 5, 2018 at 01:32 PM CST

White House Intensifies Confusion and Fear on US-China Deal

White House Intensifies Confusion and Fear on US-China Deal

The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a broad stock market plunge and intensifying fears of a global economic slowdown. Investors...

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