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

Chicago Business News - Money, Financial & Corporate News

Friday, Oct 12, 2018 at 04:08 PM CDT

Tech Stock Rally Helps Snap Losing Streak as Rough Week Ends

Tech Stock Rally Helps Snap Losing Streak as Rough Week Ends

Stocks rebounded Friday, clawing back some of the week's steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Maj...

Friday, Oct 12, 2018 at 08:14 AM CDT

Retailers Up Their Game After Toys R Us Closures

Retailers Up Their Game After Toys R Us Closures

When Toys R Us closed its doors, customers mourned the loss of a beloved brand that conjured memories of their own childhood. Retailers, on the other hand, saw an opportunity. Rather than cede any more ground...

Friday, Oct 12, 2018 at 09:44 AM CDT

Lawsuit: NYC Woman Sexually Assaulted By 2 WeWork Employees

Lawsuit: NYC Woman Sexually Assaulted By 2 WeWork Employees

A former WeWork employee was sexually assaulted by two fellow WeWork employees at company-wide events — incidents enabled by the coworking giant's "entitled, frat-boy culture," a new lawsuit charges. Ruby...

Friday, Oct 12, 2018 at 02:51 AM CDT

Stock Market Experts Say This Is a Stumble, Not a Plunge

Stock Market Experts Say This Is a Stumble, Not a Plunge

Woah, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading. The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days...

Friday, Oct 12, 2018 at 01:16 AM CDT

China Trade Surplus With US Widens to Record $34.1B

China Trade Surplus With US Widens to Record $34.1B

China's trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 percent over a year earlier despite a worsening tariff war. Exports to...

Thursday, Oct 11, 2018 at 08:06 PM CDT

Richard Branson Suspends $1B Investment Talks With Saudis

Richard Branson Suspends $1B Investment Talks With Saudis

Virgin Group founder Richard Branson suspended discussions with Saudi Arabia about a proposed $1 billion investment in Virgin's space companies following allegations that journalist Jamal Khashoggi was murdered...

Thursday, Oct 11, 2018 at 04:54 PM CDT

Stocks Plunge Again; Dow's 2-Day Loss Reaches 1,300 Points

Stocks Plunge Again; Dow's 2-Day Loss Reaches 1,300 Points

U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions that could slow economic growth. The Dow Jones...

Thursday, Oct 11, 2018 at 09:48 AM CDT

Toxic Metal Cadmium Found in National Chain Stores' Jewelry

Toxic Metal Cadmium Found in National Chain Stores' Jewelry

Jewelry with the toxic metal cadmium is showing up on the shelves of national retailers including Ross, Nordstrom Rack and Papaya, according to newly released test results. Analysis done for the nonprofit...

Wednesday, Oct 10, 2018 at 06:07 PM CDT

Dow Industrials Sink 831 Points as Tech Companies Plunge

Dow Industrials Sink 831 Points as Tech Companies Plunge

U.S. stocks plunged Wednesday as investors, fearful that rising interest rates and trade tensions could hurt company profits, ramped up their selling of high-flying technology and internet stocks. The Dow Jones...

Wednesday, Oct 10, 2018 at 12:24 PM CDT

After Backlash, Amazon to Boost Pay for Longtime Workers

After Backlash, Amazon to Boost Pay for Longtime Workers

Amazon, facing a backlash from longtime warehouse workers who say its $15 hourly minimum wage wouldn't benefit them, will now provide a bigger raise. The company said Wednesday that "slight adjustments" are...

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