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Economy

Suburban businesses should beware new taxes disguised as ‘solutions’

By Matt Paprocki
Oct 25, 2025 12:30 pm - Suburban business owners long have depended on and contributed to Chicago’s economy. Three major proposals could shape the economic landscape before the year ends: a tax-laden fix for the transit deficit, a proposed business head tax and new levies on the tech sector.
State leaders celebrate women entrepreneurs who bring in $165B in yearly revenue

Daily Herald report
Oct 25, 2025 12:24 pm - The Illinois Department of Commerce and Economic Opportunity is celebrating National Women's Business Month throughout October by recognizing the significant contributions of women-owned businesses across the state.
America may run out of Christmas decor this year. Here’s why.

By Jaclyn Peiser
Oct 25, 2025 1:53 am - If you’re hoping to deck your halls with boughs of (faux) holly, now would be the time to head to the store. A potential shortage of artificial trees, wreaths, garlands and other seasonal adornments is looming thanks to a tariff-induced frenzy that caused companies to pause or cancel imports during peak manufacturing season, industry experts warn.
US inflation stays elevated but prices rose less than feared last month

By CHRISTOPHER RUGABER
Oct 24, 2025 8:05 am - U.S. inflation remained elevated last month as gas prices jumped while the cost of rents and some services cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow.
Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

By ALEX VEIGA
Oct 23, 2025 11:16 am - The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that’s helped give lagging U.S. home sales a boost.
Trump’s immigration crackdown weighs heavy on the US labor market

By PAUL WISEMAN and GISELA SALOMON
Oct 20, 2025 10:41 am - President Donald Trump’s sweeping crackdown on immigration is throwing foreigners out of work and shaking the American economy and job market. And it’s happening at a time when hiring is already deteriorating amid uncertainty over Trump’s erratic trade policies.
Gold prices topped $4,300 this week. What’s driving the surge?

By WYATTE GRANTHAM-PHILIPS
Oct 17, 2025 3:35 pm - As economic uncertainty deepens, the rush for gold continues — with prices for the precious metal topping $4,300 for the first time this week.
Recession warning signs to watch: Goodbye lipstick, hello Hamburger Helper

By Rachel Lerman, Elena Lacey
Oct 16, 2025 2:21 pm - For years, one of the best-known recession indicators has been the “lipstick index,” which posits that Americans stock up on cheaper feel-good makeup when times are tough. That one might be outdated, but here are some economic warning signs experts are watching.
IMF upgrades US growth outlook as Trump’s tariffs cause less disruption, for now

By CHRISTOPHER RUGABER
Oct 14, 2025 10:48 am - The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration's tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the agency also said the extensive duties still pose risks.
Is there an AI bubble? Financial institutions sound a warning

By KELVIN CHAN and MATT O'BRIEN
Oct 09, 2025 2:23 pm - Lingering doubts about the economic promise of artificial intelligence technology are starting to get the attention of financial institutions that raised warning flags this week about an AI investment bubble.

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