Chicago could force Uber and Lyft to hike driver pay – Chicago Tribune/Yahoo
“The proposed legislation, as currently drafted, would dramatically raise ride costs for Chicagoans by nearly 40 percent, slash city tax revenues by tens of millions of dollars, and force workforce reductions impacting up to 10,000 drivers,” Uber spokesperson Josh Gold said. “This approach risks undermining both affordability for riders and economic opportunity for thousands of working families.”
Illinois has a millionaire problem. A Wirepoints review of IRS tax filing data shows Illinois has suffered the nation’s 5th-worst growth of millionaire taxpayers over the 2010-2022 period. Blame the Rust Belt if you want, but every one of Illinois’ neighbors grew their count of millionaire earners by far more than Illinois did.
Stellantis still plans to reopen its shuttered assembly plant in Belvidere, Illinois, but it has canceled its plans to bring in a new electric vehicle battery facility and parts hub to the state, Matt Frantzen, president of UAW Local 1268, said in an email to Automotive Dive.
The net monthly rent at top-tier apartment buildings in downtown Chicago jumped 6.25% year over year in the first quarter of 2025. High rents are expected to persist over the next few months as the market sees the number of new apartments delivered annually hit a nearly three-decade low.
The company is still contractually required to meet the 25 percent minority ownership under its deal with the city, which was also named as a defendant in the suit, along with the Illinois Gaming Board.