Fitch has downgraded $8.5 billion in Chicago bonds. CNBC's Scott Cohn reports the downgrade comes a day after the Illinois Legislature adjourned without dealing with a $100 billion crisis statewide.
Fitch cut Chicago's bond ratings on Monday, citing the city's sluggish economy and its inability to find a solution to its union pension obligations.
Tuesday's elections include races for governor and mayor. But two special initiatives to raise the minimum wage may be the most watched by businesses.
CNBC's Robert Frank reports on the Chicago estate that is set to go on the block Nov. 22.
SAC Capital Advisors will shut down its London office by the end of the year as the hedge fund downsizes, according to a memo sent to staff on Tuesday.
CNBC's Steve Liesman spoke to Chicago Fed president Charles Evans. Fiscal drama in Washington caught everybody's attention and makes it far more difficult for a December taper, he says.
Millions of recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.
Detroit's bankruptcy is casting a shadow over a long list of cities across the US and giving mayors new urgency in the search for solutions.
Robbie Briggs, CEO of Briggs Freeman Sotheby's International Realty, and Jamie Connor of Conlon/Christie's International Real Estate, reveal luxury homes in Dallas and Chicago worth millions.
CNBC's Eamon Javers has the latest details on the Chicago trades made milliseconds after the Fed's decision last week. Eric Schmidt, Google executive chairman, weighs in on high frequency trading.
CNBC's Eamon Javers reports Fed officials are contacting news organizations to discuss advance release procedures.
Goldman Sachs experienced a trading glitch that caused a huge batch of erroneous trades Tuesday. Many may be canceled but the snafu could still cost Goldman upwards of $100 million.
GM cuts the price of the Chevy Volt, Mark Zuckerberg went in public support of the immigration reform, and Chicago's pension crisis deepens; Marcus Lemonis discusses.
A state judge has ruled Detroit's bankruptcy as unconstitutional because the state constitution protects employee pensions, reports CNBC's Scott Cohn. The Federal judge Steven Rhodes in the case is not waiting for that hearing and has set a hearing for Wednesday.
A Federal judge approved the expedited hearing for Detroit's bankruptcy case, reports CNBC's Scott Cohn. Also, a look at the likelihood the same thing could happen in Chicago, with Phil Rosenthal of the Chicago Tribune.
Carol Roth, the author of "The Entrepreneur Equation," discusses whether Detroit's bankruptcy is a warning sign for other cities; and Lanny Davis, author of "Crisis Tales"; Jennifer Stefano, Americans for Prosperity PA state director; and Mark Simone, WOR Radio talk show host, weigh in.
The latest Lundberg Survey finds the average pump price of regular is $3.59 a gallon, midgrade is $3.77 and premium $3.91.
At the heart of Illinois is Chicago, the nation’s third-largest metro area and home to world-class institutions including the Chicago Symphony and the Art Institute of Chicago.
The threat of less central bank stimulus and higher interest rates crushed emerging markets more than most recently. And some investors see deals.
Gah! Connecting flights can be maddening for travelers. Here are the 10 worst airports for connections.