Business

Job outlook at a 10-year high for college seniors

By Grace Austin

A stronger economy means a better job outlook for graduating college seniors and grad students in Chicago, experts say.

According to a 2017 CareerBuilder survey, employers hiring recent college graduates this year say those with business, engineering, and computer and information sciences degrees are seeing the highest demand.

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5 things you need to know about ‘VIX,’ the Volatility Index

By Shen Lu

Unlike emotional volatility, volatility in the stock market can be tracked and measured. Here are five basics of the VIX that you need to know.

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Women traders carve path in male-dominated industry

By Shen Lu

Trading has always been a male-dominated industry, but some women have made a career out of it.

When Roma Colwell-Steinke, instructor at the Chicago Board Options Exchange Options Institute, started on the CBOE trading floor in 1991, she was one of the four females among 1,000 traders in the derivatives pits.

Colwell-Steinke began her career as a trader in 1985 on the Pacific Stock Exchange in San Francisco. She then traded on the CBOE for 11 years after moving to Chicago in 1990.

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Job-seekers flock to Rogers Park job fair

By Stephanie Rothman

The national unemployment rate has fallen to its lowest level in a decade, but there is still a need for more jobs in communities throughout Chicago.

Ald. Joseph Moore, 49th Ward, and the city of Chicago hosted the third annual Job Fair and Employment Resource Workshop in Rogers Park this week. Some 40 companies gave information to job seekers, who attended the fair for free.

Photo at top: Employers talk to Chicago residents at a Rogers Park job fair, hosted by the city of Chicago. (Rothman/MEDILL)

Stocks edge lower on disappointing earnings, political uncertainty

By Shen Lu

Stocks fell slightly on Thursday as political risks and higher-than-expected inflation at the wholesale level weighed on investors.
The Dow Jones Industrial Average initially fell by as much as 144 points after major department stores reported disappointing earnings, but it later rebounded.

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Uptown summit brings together stakeholders in changing neighborhood

By Grace Austin

Chicago’s Uptown neighborhood faces challenges ranging from gang violence and homelessness to gentrification.

At the historic North Side neighborhood’s annual summit, State of Uptown, business owners, residents and local aldermen discussed how to maintain Uptown’s diversity and charm amid rapid development.

Photo at top: A mural by the “L” tracks shows the diversity of people and culture in Uptown. (Grace Austin/MEDILL)

Chicago independent booksellers join forces against Amazon

By Shen Lu

The arrival of Amazon’s new brick-and-mortar bookstore in Chicago has brought local independent booksellers together.

The Chicagoland Independent Bookstore Alliance is promoting a network of 24 bookstores, including feminist bookstore Women & Children First in Andersonville. Initial results of a recent marketing promotion have been positive, according to Lynn Mooney, co-owner.

The coalition hopes such efforts will attract more loyal customers who value a community bookstore with personalized service.

Photo at top: Women & Children First Bookstore has been in business in Chicago since 1979. (Shen Lu/MEDILL)

Chinese students flock to University of Illinois at Urbana-Champaign

By Shen Lu

The University of Illinois at Urbana-Champaign enrolls more Chinese students than almost any other university in the country.

The 5,629 Chinese students enrolled at the U of I make up more than half of the international student body, according to the university’s International Student and Scholar Services.

They have made significant economic contributions not only to the state’s flagship public university that has faced serious state budget cuts, but also the local economy.

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Meet the bike courier who delivers food as a career

By Tian Li and Shen Lu

What do you know about the person who delivers your sushi?

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Brew Bike: First ever student-run coffee business at Northwestern University

By Manasi Kaushik & Michael Davis

A 19-year-old sophomore-entrepreneur, Lucas Philips, has founded the first ever student-run coffee business – Brew Bike – on Northwestern University’s Evanston campus.

The business started primarily as a bike operation, where Philips and his friends sold cold brew on a tricycle on “good weather days”, but with its recent expansion of a storefront at Annenberg Hall, operations and profits have escalated exponentially for Brew Bike.

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