downtown

Micron earnings suggest chip downturn could be worse than Wall Street expects

Micron earnings suggest chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned of a semiconductor slowdown in late June, but now say a “sharp and sudden” drop in demand has exceeded even those expectations, suggesting the current glut of chips could get worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter on Thursday, with revenue down 23% from a year ago, …

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McDonald's plans to expand West Loop headquarters, but CEO says city needs to 'face the facts' about downtown business climate

McDonald’s plans to expand West Loop headquarters, but CEO says city needs to ‘face the facts’ about downtown business climate

McDonald’s CEO Chris Kempczinski has raised concerns about the effects of crime on business in Chicago, even as the company announced plans to bring more of its suburban workers downtown. In a speech to the Economic Club of Chicago on Wednesday, Kempczinski referenced the recent departures of major companies such as Caterpillar, Boeing and Citadel …

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The proof is in the permits: Empty downtown SF offices slow construction

The proof is in the permits: Empty downtown SF offices slow construction

The number of expensive permits builders have filed with the San Francisco Department of Building Inspection has plummeted since the pandemic, as projects ranging from office towers to apartment complexes to home improvement projects multi-story tenants in the Financial District have been suspended or canceled. Department data shows that so far in 2022, through the …

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