Business Stories from June 5, 2025 (Change date)
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Average rate on a 30-year mortgage in the US falls to 6.85% this week, first decline in a monthJun 05, 2025 8:27 pm - The average rate on a 30-year mortgage in the U.S. fell this week for the first time in a month, but borrowing costs for homebuyers remain elevated.
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Unit owners rise up, demand a special meeting on amendmentJun 05, 2025 8:01 pm - Is the board obligated to conduct a special board meeting on an amendment that board members disagree with? That depends. If 20 percent of unit owners signed a petition requesting one, then yes.
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What does White Sox ownership transition plan mean for team’s future?Jun 05, 2025 6:59 pm - The White Sox announced a plan that could transfer ownership of the team to Justin Ishbia after 2029. What does it mean for the team and why was it announced Thursday?
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Lake County Health Department employees file to unionizeJun 05, 2025 5:42 pm - About 600 employees of the Lake County Health Department want to unionize with the American Federation of State, County and Municipal Employees Council 31.
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Honey Lake Bee Co. planning store, ‘bee experience’ in Lake BarringtonJun 05, 2025 2:16 pm - After years operating online and at farmers markets, suburban purveyors of honey and related products are planning their first brick-and-mortar store.
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Chicago’s wealthy back new fund for U of C tech startupsJun 05, 2025 1:53 pm - A Silicon Valley venture capital firm has lured investment from billionaires including Don Wilson, Michael Polsky and Ashley Duchossois Joyce to fund University of Chicago technology startups.
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Trump’s promised steel and aluminum tariffs go into effectJun 05, 2025 12:54 pm - U.S. President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that's set to hammer businesses from automakers to homebuilders, and likely push up prices for consumers even further.
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White Sox reach agreement for potential future sale of controlling interest to Justin IshbiaJun 05, 2025 12:37 pm - The White Sox have reached an agreement that will give Justin Ishbia, the brother of Phoenix Suns owner Mat Ishbia, the chance to buy a future controlling interest in the club.
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Trump threatens to cut Musk’s government contracts as their public feud escalatesJun 05, 2025 12:28 pm - President Donald Trump on Thursday threatened to cut Elon Musk’s government contracts as their fractured alliance rapidly escalated into a public feud with Trump suggesting he would use the U.S. government to hurt his fellow billionaire financially.
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Weather, disease challenge Illinois’ strawberry growersJun 05, 2025 12:07 pm - Weather conditions and disease have created challenges for Illinois strawberry producers, with one grower losing most of their early crop to a greenhouse disease and frequent rains impacting yields.
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