“Crain’s annual list of the Chicago area’s largest privately held companies, ranked by annual revenue, breaks no molds with its top five. State Farm leads the pack, as it did last year (and many years before that), and the next four companies, Health Care Service Corp., Reyes Holdings, Topco Associates and Medline Industries remain in […]
Lori Lightfoot elected Chicago mayor, will be 1st black woman and 1st openly gay person to hold post
“Former federal prosecutor Lori Lightfoot defeated Toni Preckwinkle in a runoff for Chicago mayor Tuesday. She will be the first openly gay person and first black woman to lead the city. The Associated Press called the race for Lightfoot shortly before 8 p.m. local time. With over 91 percent of precincts in, Lightfoot led Preckwinkle […]
“The speculative development boom is still surging in Chicago’s industrial market, which had 19.3 million square feet of new industrial space under construction in February of 2019, according to Avison Young research. The 63 percent increase in construction activity from February 2018 shows that developers remain bullish on demand for modern space across the area.” […]
“The Commerce Department said Wednesday that – despite more than two years of President Donald Trump’s “America First” policies — the United States last year posted a $891.2 billion merchandise trade deficit, the largest in the nation’s 243-year history.” Read more here.
“Election Day in Chicago is almost here, with voters across the city heading to the polls. Here’s a look at some essential resources to help you prepare for the big day…” Read more here.
“Amazon took its ball and went home, dropping plans for a major expansion in New York City that could have included 25,000 jobs. While it’s a blow to New York, it’s good news for Chicago and other cities. “We do not intend to reopen the HQ2 search at this time,” the company said. “We will proceed […]
“Tension between the U.S. and China is about to get more complicated, with the World Trade Organization ready to investigate President Donald Trump’s tariffs on $250 billion worth of Chinese goods. On Monday, the Geneva-based arbiter of trade disputes is likely to begin an inquiry into whether the U.S. duties violate a requirement that all […]
“Over the past weekend, developer Sterling Bay released an updated masterplan for its sprawling Lincoln Yards megaproject, securing the backing of 2nd Ward Alderman Brian Hopkins in the process. The new version of the SOM-designed plan—the third iteration since its initial public debut in July—reflects recent revisions such as the elimination of a 20,000-seat soccer stadium and entertainment district for […]
“Chicago has a pack of powerful women. This special report demonstrates their achievements across industries. They’ve seized their opportunities, plunged ahead with their ventures and cultivated communities supportive of others—regardless of barriers in their way.” To read more, click here.
The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled “Darkening Skies,” the anti-poverty agency said Tuesday that it expects the world economy to grow 2.9 percent in 2019, down from the 3 percent it forecast […]