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Economy

Even if Fed cuts rates again, US economy may not get much of a boost

By Amara Omeokwe
Dec 05, 2025 8:12 am - Federal Reserve officials are poised to cut interest rates again next week, but any benefit to the economy is likely to take much longer to show up than normal and may be...
Federal funding cuts, policy changes will be job killers for Illinois

By Frank Manzo IV
Dec 03, 2025 10:26 am - “First, do no harm” is the guiding principle of the medical profession. Most of us would probably like to see it applied to public policymakers as well.
Despite US trade war, OECD expects global economy will grow 3.2% this year

By PAUL WISEMAN
Dec 02, 2025 1:24 pm - The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year.
Buy now, pay later boom shows shoppers are swapping impulse buys for strategy

By Jaclyn Peiser
Dec 02, 2025 12:51 pm - From spreading out payments to dodging impulse purchases, holiday shoppers this year took a more judicious approach to spending over the Black Friday-Cyber Monday sales weekend, recent data shows.
Trump allies urge focus on workers as White House boosts AI development

By Emily Davies and Cat Zakrzewski
Nov 25, 2025 10:58 am - A think tank with deep ties to the White House on Monday announced a $10 million initiative to develop artificial intelligence policies aimed at supporting workers, as President Donald Trump signed an executive order to accelerate AI research and development.
U.S. employers added surprisingly solid 119,000 jobs in September, government says in delayed report

By PAUL WISEMAN
Nov 20, 2025 2:07 pm - U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown.
Trump’s immigration crackdown is keeping foreign professionals out

By Lauren Kaori Gurley, Adam Taylor, Danielle Abril, and Federica Cocco
Nov 19, 2025 10:04 am - The Trump administration’s crackdown on legal immigration is making it tougher for foreign professionals — doctors, engineers, professors, artists — to get permission to work and live in the United States.
How baby boomers got so rich, and why their kids are unlikely to catch up

By Shannon Najmabadi and Federica Cocco
Nov 18, 2025 2:12 pm - Baby boomers hold more than $85 trillion in assets, making them the richest generation by far. New research explores the extraordinary rise in their good fortunes — one that experts say successive generations will be hard-pressed to replicate.
‘Doing more with less’: Seasonal hiring weakest since the Great Recession, reports show

By Taylor Telford and Jaclyn Peiser
Nov 15, 2025 1:48 pm - At a time when many companies hoard workers for the holiday shopping rush, seasonal jobs are scarcer than they have been in years as firms increasingly look to do more with less amid economic uncertainty and the rising adoption of AI.
50-year mortgage proposal has one notable benefit but a number of drawbacks

By KEN SWEET
Nov 14, 2025 4:05 pm - The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism from policymakers, social media and economists, who said a 50-year mortgage would do little to resolve other core problems in the housing market, such as a lack of supply and high interest rates.

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