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Economy

State-backed quantum park plan expands with new company

By Andrew Adams
Jul 30, 2025 8:59 am - Quantum computing company Infleqtion will open an office in Illinois and build a “neutral atom” quantum computer on Chicago’s South Side. Infleqtion is expected to receive at least a $5 million tax credit through a state program meant to incentivize microchip manufacturing and quantum computing.
US economy bounds back, expanding 3% in second quarter, but headline growth number masks weaknesses

By PAUL WISEMAN
Jul 30, 2025 7:44 am - The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President Donald Trump’s trade wars.
Elgin group releases booklet on business and residential development and growth

Daily Herald report
Jul 29, 2025 12:59 pm - A new 12-page informational booklet provides a quick, in-depth look at statistics featuring Elgin’s business, municipal, and residential activity and growth; population and diversity factors; workforce sectors and categories; health care resources and services; and educational institutions.
Trump’s tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds

By JOSH BOAK and PAUL WISEMAN
Jul 29, 2025 8:03 am - As President Donald Trump prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depends on global supply chains, with a new analysis suggesting factory costs could increase by roughly 2% to 4.5%.
US-China tariff talks may provide clues on a possible Trump-Xi meeting

By JAMEY KEATEN
Jul 28, 2025 1:38 pm - Top trade officials from China and the United States launched a new round of talks on Monday in a bid to ease tensions over tariffs between the world’s two biggest national economies.
Wall Street coasts for now ahead of a week packed with potential flashpoints

By STAN CHOE
Jul 28, 2025 9:53 am - U.S. stock indexes are drifting on Monday after the United States agreed to tax cars and other products coming from the European Union at a 15% rate, lower than President Donald Trump had earlier threatened. Many details are still to be worked out, though, and Wall Street is heading into a week full of potential flashpoints that could shake markets.
Better Business Bureau offers smart strategies for business growth and cost reduction

By Steve Bernas
Jul 26, 2025 12:04 pm - In the dynamic world of business, finding ways to lower expenses while continuing to grow is essential for long-term success.
Hershey and other chocolate makers hike prices as cocoa remains near record highs

By DEE-ANN DURBIN
Jul 24, 2025 1:31 pm - Hershey and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice.
Lake County ranks among top 10 nationally for economic development

By Madhu Krishnamurthy
Jul 21, 2025 11:05 am - Lake County has been named one of the top 10 counties in the nation to do business in by Site Selection Magazine.
‘Click-to-cancel’ is over, but there are other ways to unsubscribe

By CORA LEWIS
Jul 19, 2025 1:19 pm - A “click-to-cancel” rule, which would have made it easier for consumers to end unwanted subscriptions, was blocked by a federal appeals court days before it was set to go into effect. But there are ways to end those subscriptions and memberships, even if they take some work.

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