Business Stories from May 16, 2025 (Change date)
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US consumer sentiment slides to 3-year lows as trade war raises inflation anxietyMay 16, 2025 2:56 pm - U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President Donald Trump’s trade war will worsen inflation. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, declined 2.7% on a monthly basis to 50.8, the second-lowest level in the nearly 75-year history of the survey. The only lower reading was in June 2022. Since January, sentiment has tumbled nearly 30%.
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Developer proposes 90 new townhouses, row houses near Naperville gatewayMay 16, 2025 2:06 pm - Real estate firm Lincoln Property Co. has proposed a 90-unit townhouse and row house development within walking distance of the popular Growing Place garden center.
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Batavia endorses $24M affordable housing development near Fox RiverMay 16, 2025 12:48 pm - Property with a view of the Fox River in Kane County often isn’t affordable, but Batavia is in the early stages of reviewing a proposal for a development that would give low-income renters one of the best views around.
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ADP moving 1,000 employees from Elk Grove Village to Zurich building in SchaumburgMay 16, 2025 12:42 pm - A deal has been announced for ADP payroll services to relocate from its Elk Grove Village offices to join Wheels, Inc. in leasing space Zurich North America has made available for tenants at its iconic Schaumburg headquarters.
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Bears shift stadium focus back to Arlington HeightsMay 16, 2025 12:20 pm - The Chicago Bears on Friday announced a shift in focus back to Arlington Heights for their stadium development plans, after previously considering a lakefront site in Chicago.
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Fogo de Chão opening in Orland Park MondayMay 16, 2025 12:01 pm - Fogo de Chão, the popular Brazilian steakhouse, will open its sixth Chicago-area restaurant in Orland Park on Monday.
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Conservatives block Trump’s big tax breaks and spending cuts bill in a stunning setbackMay 16, 2025 11:45 am - In a massive setback, House Republicans failed Friday to push their big package of tax breaks and spending cuts through the Budget Committee, as a handful of conservatives joined all Democrats in a stunning vote against it.
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Bahama Breeze in Schaumburg among 15 locations abruptly closed nationwideMay 16, 2025 10:42 am - The Bahama Breeze Island Grille restaurant in Schaumburg is among 15 nationwide that were closed this week by Darden Restaurants, Inc.
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