Browsing: Business
FILE – Trucks line up to enter a Port of Oakland shipping terminal on Wednesday, Nov. 10, 2021, in Oakland, Calif. The U.S. economy grew at a 2.3% rate in the third quarter, the Commerce Department said Wednesday, Dec. 22. But prospects for a solid rebound going forward are being clouded by rising worries about the rapid spread of the new omicron virus. (AP Photo/Noah Berger, File) (Noah Berger/AP)
Ann Cantrell, owner of Annie’s Blue Ribbon General Store poses for a photo outside her store, Wednesday, Dec. 15, 2021, in the Brooklyn borough of New York. Cantrell has owned the store in Brooklyn for 14 years. She said social media promotions to reach out to customers during the pandemic are still boosting sales, including a video of new items each Friday. (Mary Altaffer/AP)
In Libertyville, Leno paid $681,875 in 2018 for the house, which is on East Lincoln Avenue. Built in 1995, the house has three full bathrooms, two half bathrooms, a family room with a fireplace, a bonus room on the third floor, updated lighting, a kitchen with new stainless steel appliances and new granite countertops, and an in-law suite with a private bath on the second floor. The Lenos also recently finished the basement and recently fenced the backyard.
Illinois’ jobless rate has dropped from its pandemic high of 16.5% to 5.7% in November, according to the most recent federal job numbers for the state. With one of the highest unemployment rates in the country, that’s above the national average of 4.2%. While Illinois’ unemployment rate is consistently higher when compared to other states, it fared better than California, which had the highest unemployment rate at 6.9%, as well as Nevada at 6.8% and New York, whose jobless rate was 6.6%.
Workers fill boxes to ship at an Amazon fulfillment center in Romeoville, Illinois in 2017. Dozens of Amazon warehouse employees planned to walk out Wednesday at delivery stations in Cicero and Gage Park to demand higher pay and better working conditions, a move that could disrupt operations just days before Christmas. (Brian Cassella/TNS)
Founded in 2009, Rivian is building an electric truck and SUV, as well as 100,000 custom EV delivery vans for Amazon, an investor in the company. California-based Rivian has nearly 3,900 employees working at its sole production facility, a former Mitsubushi plant in Normal, a college town about 130 miles south of Chicago.
It was a slow night for Santa Claus on a recent Monday evening, with no one in line to see him at the Spring Hill Mall in West Dundee/Carpentersville. There weren’t many shoppers either; West Dundee officials estimate the mall has a 40% occupancy rate. (Mike Danahey / The Courier-News)
Rivian, which has more than 10,000 employees overall, plans to break ground on the Georgia plant next summer and begin producing the “next generation” of EVs by 2024. The plant will employ 7,500 workers with an eventual production capacity of 400,000 vehicles per year, Scaringe said. Until then, Rivian’s ambitions to become the Tesla of trucks will depend entirely on the production output at the Normal plant.
The New York Stock Exchange in the Financial District, Oct. 13, 2021, in New York. Wall Street is getting off to a solid start Tuesday, Dec. 21, 2021 after three days of losses. The S&P 500 is up 0.9% in the early going, the Nasdaq is up 1% and the Dow Jones Industrial Average climbed 1.1%. Small-company stocks rose more than the rest of the market, a signal that investors were feeling a bit more optimistic about the economy. (John Minchillo/AP)
Other closures, announced in waves of social media posts, have included Big Kids, Billy Sunday, Cabra, The Duck Inn, Four Letter Word Coffee, Giant, Kumiko, Lae Peng You, Lardon, Little Goat, Little Victories, The Native, Outside Voices, Rose Mary, Scofflaw, Sepia, S.K.Y., Tied House, Verve Wine, Wazwan, and Old Irving and Begyle breweries. Not all were prompted by an exposure to COVID-19, with some closing solely as a precaution amid a national and statewide uptick in cases this month that has many flocking to get vaccine boosters and tests ahead of the Christmas weekend.