The Biz Week That Was: Bears renew interest in Arlington Park, Trump tariffs cause global meltdown
Back to the ‘burbs? Bears say Arlington Heights again in the mix for stadium site
Chicago Bears brass Wednesday made another public shift in where their new stadium could go, confirming that the team’s land in Arlington Heights is back in the mix. “The focus now is both downtown (Chicago) and Arlington Heights,” Bears President/CEO Kevin Warren told reporters at the NFL owners meetings in Florida. “The pace will definitely pick up, and we’re fortunate to have optionality.”
Pritzker hopes trade mission to Mexico sparks new investment despite tariffs
Gov. JB Pritzker wrapped up a four-day trip to Mexico City on Wednesday, hopeful a trade mission to Mexico will yield new economic development in Illinois, even as tariffs threaten the stability of the United States’ global trade.
Mount Prospect approves Lake Center Plaza expansion
Broadway is coming to Wall Street. Elk Grove Village-based Broadway Electric Inc., a full-service electrical contractor, is moving to Lake Center Plaza, at the northwest corner of Algonquin Road and Wall Street, in Mount Prospect. It will be joined by Cornerstone Contracting Inc, a general contractor specializing in large-scale federally funded projects.
Vetter’s $163 million expansion plan faces big vote in Des Plaines
A German pharmaceutical company’s $163 million plan to expand its Des Plaines facility could get a key go-ahead from the city council Monday. Vetter intends to construct a roughly 158,000-square-foot manufacturing and office building on its nearly 18-acre campus at 10 W. Algonquin Road. Three existing Vetter buildings on the property will remain.
US added a surprising 228,000 jobs in March as economy shows resilience
U.S. employers added a surprising 228,000 jobs last month, as the American labor market continues to show resilience as President Donald Trump wages trade wars, purges federal workers and deports immigrants working in the United States illegally. The unemployment rate ticked up to 4.2%.
Economists say the way Trump calculated tariffs makes no sense
Economists say the crude formula the White House used to calculate what it’s calling “reciprocal tariffs” is too simplistic to achieve its goal of wiping out U.S. trade deficits — and, for that matter, they say that goal doesn’t make sense, either.
Sell-off worsens worldwide and Dow drops 1,000 after China retaliates against Trump tariffs
Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.