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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.
A key US inflation gauge rose last month as Trump's tariffs lifted goods prices

By CHRISTOPHER RUGABER
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.
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.

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