AvatarChicago TribuneAvatarAvatarHouse passes bill to enhance child tax credit, revive key tax breaks for businessesChicago Tribune - Kevin FrekingWASHINGTON — The House accomplished something unusual Wednesday in passing with broad, bipartisan support a roughly $79 billion tax cut package that would enhance the child tax credit for millions of lower-income families and boost three tax breaks for business, a combination that gives lawmakers …
AvatarChicago TribuneAvatarAvatarTerry Savage: Insurers’ losses to squeeze Advantage plansChicago Tribune - Terry SavageMedicare Advantage is causing huge losses for insurers like Humana, which recently reported a surprising loss, attributed to higher than anticipated spending in Advantage plans. The company’s stock immediately fell 22% on Jan. 25 on the news, as the company disclosed their earnings would likely be …
AvatarChicago TribuneAvatarAvatarFed Chair: Federal Reserve is on track to cut rates, though not likely for monthsChicago Tribune - Christopher RugaberWASHINGTON — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it. The Fed did signal that it’s nearing a long-awaited shift toward cutting rates, …
AvatarChicago TribuneAvatarAvatarHousing affordability near record low hits Black buyers particularly hardChicago Tribune - Jarrell Dillard and Jonnelle MarteAfter years of mostly steady decline, the Black homeownership rate in the US saw its largest jump on record in the early days of the pandemic. Now, soaring borrowing costs and home prices threaten to erode those gains. Black Americans — who for decades in the mid-20th century were shut out of swaths …
AvatarChicago TribuneAvatarAvatarBoeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flightChicago Tribune - David KoenigBoeing narrowed its fourth-quarter loss to $30 million and increased production of its best-selling plane just before one of them suffered a blowout of a side panel during a flight, an accident that has raised new safety concerns about the aircraft manufacturer. The loss reported Wednesday was …
AvatarChicago TribuneAvatarAvatarPalos Park police issue tongue-in-cheek warning about ‘energetic dealers of highly addictive substances’Chicago Tribune - Melinda MoorePalos Park Police Chief Joe Miller works hard to keep residents informed about matters important to their safety. Recent emails he’s sent include warnings about scams targeting older people and alerts when extreme weather could threaten those who are at risk. The chief sent a message late in January …
AvatarChicago TribuneAvatarAvatarMundelein mulling options for redevelopment of ‘Bank Triangle’; ‘To show the rest of us what’s possible in the heart of downtown’Chicago Tribune - Chloe HillesHundreds of apartments, a 600-vehicle parking garage and new retail and entertainment space are among an array of possibilities for the redevelopment of a key area of downtown Mundelein known as the “Bank Triangle.” A consulting firm shared preliminary ideas for the downtown block at the corner of …
AvatarChicago TribuneAvatarAvatarElon Musk cannot keep Tesla pay package worth more than $55 billion, judge rulesChicago Tribune - Randall ChaseElon Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted …
AvatarChicago TribuneAvatarAvatarA lead scare strikes Stanley tumblers, but you don’t need to worryChicago Tribune - Sopan DebYou might have heard of the Stanley tumbler, the hip, trendy water bottle that has people camping outside stores or getting into fights to get their hands on one. They’ve become a fashion accessory, especially since Stanley has made use of influencer culture to target women and make sales of its …
AvatarChicago TribuneAvatarAvatarElon Musk says the first human has received a brain-chip implant from NeuralinkChicago Tribune - Wyatte Grantham-Philips and Laura UngarNEW YORK — According to Elon Musk, the first human received an implant from his computer-brain interface company Neuralink over the weekend. In a Monday post on X, the platform formerly known as Twitter, Musk said that the patient received the implant the day prior and was “recovering well.” He …
AvatarChicago TribuneAvatarAvatarGambling and groceries: Norridge OKs video gaming for Caputo’s Fresh MarketsChicago Tribune - Phil RockrohrGambling at the grocery store used to mean taking a chance that the expensive fish you were eyeing was indeed fresh. A family-owned grocery chain is taking that farther, however, by installing video gaming terminals in the cafe seating sections of some of its stores. Customers of Angelo Caputo’s …
AvatarChicago TribuneAvatarAvatarUPS to cut 12,000 jobs 5 months after reaching union deal as revenue outlook for year disappointsChicago Tribune - Michelle ChapmanUPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. The company also hinted that its Coyote truck load brokerage business may be put up for sale. UPS acquired the Chicago-based company for $1.8 billion in 2015. The Teamsters in September voted to …