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

Chicago Business News - Money, Financial & Corporate News

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...

Wednesday, Oct 10, 2018 at 11:05 AM CDT

Market Forces Put America's Recycling Industry in the Dumps

Market Forces Put America's Recycling Industry in the Dumps

America's recycling industry is in the dumps. A crash in the global market for recyclables is forcing communities to make hard choices about whether they can afford to keep recycling or should simply send...

Wednesday, Oct 10, 2018 at 09:52 AM CDT

Sears Lines Up Emergency Financing for Potential Bankruptcy

Sears Lines Up Emergency Financing for Potential Bankruptcy

Sears Holdings has contacted banks in recent days to arrange the financing necessary to file for bankruptcy after 125 years in business, people familiar with the situation told CNBC. The stock plummeted 32...

Monday, Oct 8, 2018 at 08:17 PM CDT

Netflix to Bring New US Production Hub to New Mexico

Netflix to Bring New US Production Hub to New Mexico

Netflix has chosen New Mexico as the site of a new U.S. production hub and is in final negotiations to buy an existing multimillion-dollar studio complex on the edge of the state's largest city, government...

Monday, Oct 8, 2018 at 07:23 AM CDT

2 American Researchers Win Nobel Economics Prize

2 American Researchers Win Nobel Economics Prize

Two American researchers have been awarded the Nobel Prize for economics for studying the interplay of climate change and technological innovation with economics. William Nordhaus of Yale University and Paul...

Sunday, Oct 7, 2018 at 11:32 PM CDT

As Joblessness Falls, Skilled Workers Might be Harder to Find

As Joblessness Falls, Skilled Workers Might be Harder to Find

Are America's employers at risk of running out of skilled people to hire? The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years. Even...

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