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

Chicago Business News - Money, Financial & Corporate News

Friday, Dec 21, 2018 at 06:28 AM CST

Stock Market Woes Raise a Nagging Fear: Is a Recession Near?

Stock Market Woes Raise a Nagging Fear: Is a Recession Near?

Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression. Wall Street's sustained slump has been fueled by...

Friday, Dec 21, 2018 at 06:04 AM CST

Toys R Us Closure Hits Toys for Tots Hard

Toys R Us Closure Hits Toys for Tots Hard

When Toys R Us closed, Toys for Tots felt the loss. The toy giant's decision to shutter its stores this year left some huge holes for the annual charity drive to fill. Toys R Us shoppers donated more than...

Thursday, Dec 20, 2018 at 10:57 PM CST

Dow Sinks Another 464 Points as Slowdown Fears Worsen

Dow Sinks Another 464 Points as Slowdown Fears Worsen

It was another miserable day on Wall Street as a series of big December plunges continued, putting stocks on track for their worst month in a decade. The Dow Jones Industrial Average dropped 464 points...

Thursday, Dec 20, 2018 at 03:48 AM CST

Facebook Tries to Explain Why Companies Could Erase Messages

Facebook Tries to Explain Why Companies Could Erase Messages

Facebook again aimed to convince its 2.3 billion users that it didn't allow more than 150 other companies to misuse their personal data on Wednesday night after its valuation fell by more than $28 billion on the...

Wednesday, Dec 19, 2018 at 10:27 PM CST

Fact Check: Facebook Defines 'Permission' Loosely

Fact Check: Facebook Defines 'Permission' Loosely

Facebook gave some companies such as Apple, Amazon and Yahoo more extensive access to users' personal data, effectively exempting them from the company's usual privacy rules, according to a New York Times...

Wednesday, Dec 19, 2018 at 11:32 AM CST

A Cashless Society Would Put Millions at Risk, Research Warns

A Cashless Society Would Put Millions at Risk, Research Warns

The risks of moving toward a world without cash have been highlighted in a new report that claims millions of people could suffer. Several richer countries are turning away from hard cash while tech companies...

Wednesday, Dec 19, 2018 at 08:11 AM CST

Kroger's Driverless Cars Start Delivering Groceries in Ariz.

Kroger's Driverless Cars Start Delivering Groceries in Ariz.

The nation's largest grocery chain stepped into the driverless delivery market Tuesday, bringing milk, eggs and other items to a customer's home in a vehicle with nobody at the wheel. Although limited to...

Wednesday, Dec 19, 2018 at 04:49 PM CST

Stocks Skid to 15-Month Low After Fed Raises Rates Again

Stocks Skid to 15-Month Low After Fed Raises Rates Again

Stocks gave up a big rally and took a dive in afternoon trading Wednesday after the Federal Reserve raised interest rates again and signaled it's likely to keep raising them next year. The market finished at its...

Tuesday, Dec 18, 2018 at 11:17 PM CST

Facebook Denies It Let Tech Companies Misuse Personal Data

Facebook Denies It Let Tech Companies Misuse Personal Data

Facebook denied Tuesday night that its dozens of "partners" — companies like Microsoft, Amazon, Netflix, Spotify and Yahoo — were able to misuse Facebook users' personal data, NBC News reported. The company...

Tuesday, Dec 18, 2018 at 06:43 AM CST

After the Fed's Likely Rate Hike This Week, All Bets Are Off

After the Fed's Likely Rate Hike This Week, All Bets Are Off

Having raised interest rates with steady regularity in recent months, the Federal Reserve may embrace a new message this week: Flexibility. On Wednesday, the Fed is set to announce its fourth rate hike of...

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