Skip to content
Subscribe to our newsletter for blogs on-the-go. Subscribe Now!
FrankNez About FrankNez FrankNez

Financial News & Journalism

FrankNez About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
FrankNez About FrankNez FrankNez

Financial News & Journalism

FrankNez About FrankNez FrankNez

Financial News & Journalism

  • News
  • Economy
  • U.S. Banking
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
  • News
  • Economy
  • U.S. Banking
  • Stock Market
    • Retail Investors
    • Hedge Funds
    • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
Close

Search

  • Facebook
  • X
  • LinkedIn
Subscribe
News Flash
Stop & Shop Store Closures
A Massive Grocery Chain Is Now Closing Stores
52-year-old restaurant Beefeater will close all locations
International Restaurant Beefeater Will Now Close All Locations
Home Depot Rival closes store after 87 years in business
A Home Depot Rival Closes After 87 Years in Business
JCPenney Ridgmar Mall Closure
Massive Mall Retailer Confirms Closure of Another Location
Magellan Aerospace files chapter 11 bankruptcy
An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Former Employees of Massive Bank Now Sentenced to Prison
Former Employees of a Massive Bank Now Sentenced to Prison
Will AMC Stock go up?
3 New Signs AMC Stock Will Continue to Skyrocket
Layoffs in California Now Plunge Compared to 2025 (New Report)
Layoffs in California Now Plunge Compared to 2025 (New Report)
Home/Banking News/Famous Restaurant Now Makes an Unexpected Closure After 86 Years
Market News Today - Famous Restaurant Now Makes an Unexpected Closure After 86 Years

Famous Restaurant Now Makes an Unexpected Closure After 86 Years

By Frank Nez
February 9, 2024
2

A famous restaurant now makes an unexpected closure after 86 years after receiving extensive damage from a fire.

The Palace Grill restaurant in Chicago, Illinois received “extensive” damage on Thursday night after a fire, unfortunately causing the closure, reports The-Sun.

The restaurant was closed at the time of the blaze, Chicago Fire Department spokesman Larry Langford told NBC affiliate WMAQ-TV.

Firefights were at the scene just after 10 pm at 1408 W. Madison Street.

A preliminary investigation suggests that a grease fire in the kitchen near the grill was the cause of the flames.

The fire was put out “relatively quickly,” said Langford after a hole was cut in the roof by firefighters to pour a “considerable amount” of water on the blaze.

Much of the damage was in the kitchen area, however, the building “appears to be intact,” said Langford.

Harrowing video from the scene shows the results of the damage in the bar and kitchen areas.

Windows were shattered and part of the ceiling had collapsed.

“I just assumed I thought it would be something small, but it kept blowing up and blowing up,” said Palace Grill owner George Lemperis.

“When I got here and I saw the damage, I was stunned.”

By Friday, the restaurant was seen with its windows boarded up and doors closed.

No injuries were reported.

Palace Grill opened in 1938 and was a popular spot for hockey players as it was just five blocks away from the United Center, the home of the Chicago Blackhawks.

Police officers and firefighters also frequented the restaurant.

It became famous for its breakfast when then-Vice President Al Gore treated Russian Prime Minister Viktor Chernomyrdin out for a visit there.

The restaurant was also featured on The Oprah Winfrey Show.

For more news and updates like this, opt-in for push notifications.

Also Read: A Home Furniture Retailer Now Files For Unexpected Bankruptcy

Other Economy News Today

Market News Today - Famous Restaurant Now Makes an Unexpected Closure After 86 Years.
Market News Today – Famous Restaurant Now Makes an Unexpected Closure After 86 Years.

A business owner now loses a whopping $172K from his bank account after his money was drained by hackers, sources report.

Joshua Capps, of Alabama, said he’s been hit hard by the ordeal and is fighting to get the funds reimbursed.

Capps revealed that his iPhone had been hacked and fraudsters were able to access his Notes app, where he stored his bank passwords, according to local ABC affiliate WBMA-LD.

“Never in a million years did I think somebody would get access,” he told the outlet earlier this week.

“I had $172,000 boom, vanish.”

His bank, Regions, then sent verification codes to his number, which meant they were in the hands of the scammers.

An FBI probe traced the fraudster to Arizona, where it was found that they had deposited the stolen funds into three banks, including Chase and Wells Fargo.

Capps, a roofer, hopes he will be able to be reimbursed with around $100,000 of the amount that disappeared from his Regions account.

The bank has recommended how customers can protect their data.

Passwords should be tricky to guess and confidential data shouldn’t be sent via email.

Banks will never call customers asking for one-time verification codes, usernames, or passwords.

Fraudsters are known for tactics designed to panic unsuspecting customers into wiring money.

But some scammers might sound demanding, while others might have a convincing tone, reports The-Sun.

Jack Batz, from Illinois, revealed a fraudster, purporting to be a Chase employee, sounded convincing before he was swindled out of thousands.

These are tactics designed to trick victims.

Regions warned that scams from fraudsters purporting to be banks have become common.

Jessica Small, from Boston, lost almost $40,000 after receiving a text message she thought was from Bank of America.

Customers should also keep an eye out for scams that contain odd links and spelling and grammar errors.

For more news and updates like this, opt-in for push notifications.

Also Read: A Massive US Bank is Now Closing Credit Cards

Market News Published Daily 📰

Market News Today - Famous Restaurant Now Makes an Unexpected Closure After 86 Years.
Market News Today – Famous Restaurant Now Makes an Unexpected Closure After 86 Years.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter), Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.

More Market News 📰

Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.

View Stock Portfolio

Recommended For You ✨

  • A Massive US Bank is Now Closing Credit Cards
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • Florida Now Has Massive Departures As Hundreds of Thousands Leave
  • SNAP Benefits Will Now Increase For The Year 2024
  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • A Giant Company Now Announces Unexpected Layoffs in Virginia


Tags:

Business NewsFinance NewsInvesting NewsJPMorganMarket NewsStock Market News
Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

Follow Me
Other Articles
Market News Today - A New Round of Unexpected Layoffs Will Now Hit Texas
Previous

A New Round of Unexpected Layoffs Will Now Hit Texas

AMC Stock News Today
Next

AMC Entertainment Stock Now Closes The Week Up +10%

2 Comments
  1. Frank Nez says:
    February 9, 2024 at 10:56 pm

    Leave your thoughts below.

    Reply
  2. Frank Nez says:
    February 9, 2024 at 10:55 pm

    For more news and updates like this, opt-in for push notifications.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

NEW POSTS

  • Stop & Shop Store Closures
    A Massive Grocery Chain Is Now Closing Stores
  • 52-year-old restaurant Beefeater will close all locations
    International Restaurant Beefeater Will Now Close All Locations
  • Home Depot Rival closes store after 87 years in business
    A Home Depot Rival Closes After 87 Years in Business
  • JCPenney Ridgmar Mall Closure
    Massive Mall Retailer Confirms Closure of Another Location
  • Magellan Aerospace files chapter 11 bankruptcy
    An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy
Unlock your personal brand ebook

Trending Market News 📈

Market Manipulation News - Andrew Left

Famous Short Seller Said Market Manipulation Was Like “Taking Candy From a Baby”

Frank Nez
By Frank Nez
June 8, 2026
Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Vanguard and BlackRock Now Enter Lawsuit For Market Manipulation

Frank Nez
By Frank Nez
August 5, 2025
Citadel Securities Is Now Warning The SEC About Using Blockchain

Citadel Securities Is Now Warning The SEC About Using Blockchain

Frank Nez
By Frank Nez
July 22, 2025
Cramer Now Speaks on AMC Amid Bullish Bet on IMAX

Cramer Now Speaks on AMC Amid Bullish IMAX Bet

Frank Nez
By Frank Nez
July 21, 2025
AMC Now Soars 11%, Is A Short Squeeze Imminent?

AMC Now Soars 11%, Is A Short Squeeze Imminent?

Frank Nez
By Frank Nez
July 11, 2025
Economists Now Say Prices Will Continue To Rise, "This Is Just The Beginning"

Economists Now Say Prices Will Continue To Rise, “This Is Just The Beginning”

Frank Nez
By Frank Nez
July 11, 2025
Hedge Funds Are Now Throwing Each Other Under The Bus

Hedge Funds Are Now Throwing Each Other Under The Bus

Frank Nez
By Frank Nez
July 8, 2025
News - GameStop Short Seller Now Looks To Sway Criminal Charges

GameStop Short Seller Now Looks To Sway Criminal Charges

Frank Nez
By Frank Nez
July 8, 2025
World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

World’s Largest Pension Fund Now Loses $61bn As Dollar Falls

Financial Desk Team
By Financial Desk Team
July 6, 2025
News - S&P Report: The US Dollar Is Primed To Weaken Further

S&P Report: The US Dollar Is Primed To Weaken Further

Frank Nez
By Frank Nez
July 4, 2025

About

FrankNez is a financial news blog founded by American Journalist Frank Nez.

Email: contact@franknezmedia.com

Contact: media@franknez.com

Recent Posts

  • A Massive Grocery Chain Is Now Closing Stores
  • International Restaurant Beefeater Will Now Close All Locations
  • A Home Depot Rival Closes After 87 Years in Business
  • Massive Mall Retailer Confirms Closure of Another Location
  • An Aerospace Manufacturer Now Files Unexpected Chapter 11 Bankruptcy

Mentioned By

Yahoo Finance - FrankNez

Company

Privacy Policy

Editorial Policy

About FrankNez

Copyright 2026 — FrankNez. All rights reserved.