Economy
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Dow leaps 585 points as US stocks win back most of Friday's wipeout
Aug 04, 2025 12:43 pm - U.S. stocks rallied on Monday and won back most of their sharp loss from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street.
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The Biz Week That Was: Theater turns 100, Halal Fest builds bridges, and Trump delays tariffs deadlineAug 02, 2025 1:12 pm - Des Plaines Theatre turns 100 as ‘important connection’ between city’s history and present The last 100 years haven’t always been bright ones for the Des Plaines The...
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3 big headwinds for Illinois businesses this summerAug 02, 2025 12:22 pm - Summer is a season of opportunity for Illinois businesses, but this year familiar challenges are reemerging that threaten to burden suburban businesses with higher costs and greater uncertainty.
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Wall Street slumps and bond yields sink following weak hiring numbers and new tariffs
Aug 01, 2025 10:15 am - Stocks slumped and Treasury yields fell sharply Friday after a weak report on hiring and the latest gyrations in U.S. trade policy shook Wall Street.
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US employers slash hiring as Trump advances a punishing trade agenda
Aug 01, 2025 7:53 am - U.S. hiring is slowing sharply as President Donald Trump’s erratic and radical trade policies paralyze businesses and raise doubts about the outlook for the world’s largest economy.
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Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
Aug 01, 2025 7:27 am - For weeks, President Donald Trump was promising the world economy would change on Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public.
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US applications for jobless benefits inch up for the first time in 7 weeks, but layoffs remain low
Jul 31, 2025 8:25 am - The number of Americans filing for jobless benefits inched up modestly last week as business continue to retain staff despite economic uncertainty around U.S. trade policy.
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A key US inflation gauge rose last month as Trump's tariffs lifted goods prices
Jul 31, 2025 8:21 am - The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods.
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State-backed quantum park plan expands with new company
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.
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US economy bounds back, expanding 3% in second quarter, but headline growth number masks weaknesses
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.