By Sarah Foster Medill Reports This is the final installment of a multi-part series on the Federal Reserve System Beige Book. Read the previous article: “Despite falling under regional banks’ purview, Fed’s Beige Book excludes territories, commonwealths” Four years ago, Bethany Sanchez received a surprising inquiry: A request from the Federal Reserve Bank of Chicago … Continue reading Beige Book’s impact extends to everyday individuals, businesses
By Lauren Ball The crowd erupted into unabashed roars of laughter as I made my way into the darkened back room of Chicago’s Hideout Inn on an otherwise mundane Thursday evening. The show had kicked off 30 minutes ago and the room was filled, from corner to beer-drenched corner, with young faces hoping to lose … Continue reading Sarah “Squirm” Sherman goes all out “sliming” stand-up comedy
By Emma Sandler “Jacqueline de Ribes: The Art of Style” showcases the French countess’ couture wardrobe through February 21 at the Metropolitan Costume Institute of the Metropolitan Museum of Art. De Ribes, 86, remains a Parisian fashion icon and the exhibit features approximately 60 haute couture and ready-to-wear ensembles, primarily from de Ribes’ personal archive, from 1962 … Continue reading The Art of Style: Meet the Met’s Costume Institute Conservator Sarah Scaturro
By Sarah Very Shares of Williams-Sonoma Inc. tumbled Thursday as disappointed investors responded to lower-than-expected earnings caused by softening performance at the retailer’s Pottery Barn brand. The San Francisco, Calif.-based specialty home goods retailer, parent of the Pottery Barn and West Elm brands, said net income fell 4 percent to $141.1 million, or $1.55 per … Continue reading Williams-Sonoma helped by West Elm brand, hurt by PBteen
By Sarah Very Construction of new homes jumped unexpectedly in February to their highest level in five months, bolstered by a spike in single-family home-building. Housing starts jumped 5.2 percent in February to a seasonally adjusted 1.18 million annualized rate, outpacing January’s upwardly restated 1.12 million pace, the U.S. Commerce Department said Wednesday. This outperformed … Continue reading Single-family homes boost February housing starts
By Sony Kassam and Sarah Very Three University of Chicago graduates want to change the way people think about health in the workplace. Frustrated by the lack of affordable and accessible workplace fitness options during their summer internships and post-graduate jobs, Arnav Dalmia, Shivani Jain and Ryota Sekine decided to take matters into their own … Continue reading Can you sit and stay fit?
By Sarah Very Despite a one-time charge that stifled its bottom line, Black Diamond Inc. turned in results Monday that bested Wall Street estimates, and unveiled plans for a major corporate restructuring. The Salt Lake City, UT-based maker and marketer of equipment and apparel for climbing, mountaineering, backpacking and skiing reported a loss of $20.7 … Continue reading Black Diamond reports year-end loss, plans to shake up operations
By Sarah Very and Sony Kassam Dan Powell and Markus Chwajol met late one night in a neurosurgical operating room. Little did they know they would become best friends and business partners – founding their own Bohemian restaurant and taking its annual revenue to $2.6 million in under two years. Embellished with brightly colored tiles and European-inspired … Continue reading Bohemian House enjoys early success despite competitive food scene
By Sony Kassam and Sarah Very When most people think of entrepreneurship, images of Silicon Valley tech startups, battling it out to be the next unicorn, come to mind. What they might not consider are the growing startups in the Windy City — a food, healthcare and manufacturing hub with some of the top business … Continue reading Chicago graduates catch startup fever
By Sarah Very Despite unfavorable weather conditions and stiff competition from online retailers during the holiday season, Macy’s Inc. turned in better-than-expected year-end earnings Tuesday. The Cincinnati, OH-based retailer, which also operates the upscale Bloomingdale’s, said net income sank in the fourth quarter ended Jan. 30 to $544 million, or $1.73 per diluted share, from … Continue reading The holidays come late for Macy’s Inc.