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Economy

US inflation held steady last month as tariff hit offset by cheaper gas, food

By CHRISTOPHER RUGABER
Aug 12, 2025 9:23 am - U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023

Aug 07, 2025 6:50 am - The Bank of England cut its main interest rate Thursday by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.
Trump’s broad tariffs go into effect, just as economic pain is surfacing

By JOSH BOAK
Aug 07, 2025 6:37 am - President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy.
Dow leaps 585 points as US stocks win back most of Friday's wipeout

By STAN CHOE
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.
The Biz Week That Was: Theater turns 100, Halal Fest builds bridges, and Trump delays tariffs deadline

Daily Herald report
Aug 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...
3 big headwinds for Illinois businesses this summer

By Matt Paprocki
Aug 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.
Wall Street slumps and bond yields sink following weak hiring numbers and new tariffs

By DAMIAN J. TROISE
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.
US employers slash hiring as Trump advances a punishing trade agenda

By PAUL WISEMAN
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.
Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7

By JOSH BOAK
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.
US applications for jobless benefits inch up for the first time in 7 weeks, but layoffs remain low

By MATT OTT
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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