• Join our newsletter for weekly news updates and blogs on-the-go!
X-twitter Facebook-f Google-plus-g Patreon Youtube
Financial News, Business News
  • News
    • U.S. News
  • Economy
  • U.S. Banking
  • Stock Market
  • Business
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Blog
  • About
    • Editorial Policy
    • Privacy Policy
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 US Bank is Now Denying Customers Access to Money
  • Wells Fargo is Now Freezing Bank Accounts in New Scandal
  • A Massive US Bank is Now Closing Credit Cards
  • California Now Has Massive Departures As Hundreds of Thousands Leave
  • A Giant Company Now Announces Unexpected Layoffs in Virginia
  • SNAP Benefits Will Now Increase For The Year 2024


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 publication, 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.

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

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

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

NEW POSTS

  • Major US Banks Are Now Launching a Stablecoin by 2027
    Major US Banks Are Now Launching a Stablecoin by 2027
  • Mortgage Rates Continue Rising Despite a Decline in Home Sales
    Mortgage Rates Continue Rising Despite a Decline in Home Sales
  • Online Business Ideas
    Online Business Ideas: 25 Businesses You Can Start in 2026
  • Citizens bank branch closures
    Citizens Bank Branch Closures Now Surge to 120 Locations
  • Pizza Hut Closing Locations
    Pizza Hut is Now Closing 250 Locations Nationwide
Unlock your personal brand ebook

Need to Reach Us? Email us at contact@franknezmedia.com

FrankNez is an independent news platform founded by American journalist Frank Nez, focusing on delivering real-time, data-driven news and reporting on various industries, including finance, economy, banking, business, and entrepreneurship.

Markets

  • Stock Market
  • Retail Investors
  • Hedge Funds
  • Market Manipulation
  • Cryptocurrency

Money

  • Personal Finance
  • U.S. Banking
  • Economy
  • Housing

Business

  • Business
  • Entrepreneurship
  • Retail
  • Bankruptcy
  • Layoffs

Company

  • Home
  • About
  • Editorial Policy
  • Privacy Policy
  • Newsletter
  • Advertise/Sponsorship
X-twitter Facebook Patreon Youtube Google-plus-g

© 2026 FrankNez Media, All Rights Reserved.

X-twitter Facebook-f Google-plus-g Patreon Youtube