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Economy

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 That one might be outdated, but here are some economic warning signs experts are watching.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.
DC’s shutdown hasn't stopped the stock market. Here’s what may

By STAN CHOE
Oct 07, 2025 7:43 am - If the U.S. government's latest shutdown can't stop the stock market, what can?
Illinois shows how protecting workers’ rights is good policy

By Frank Manzo IV
Oct 04, 2025 1:30 pm - Seven years ago, Illinois became ground zero in a generations-long fight over workers’ rights. The Supreme Court’s decision in Janus vs. AFSCME Council 31 imposed so-called “right-to-work” conditions on every public sector worker in the nation.
The Biz Week That Was: Bears stadium impact, a new Costco Business Center, and federal government shutdown fallout are among the highlights

Daily Herald report
Oct 04, 2025 1:30 pm - Arlington Heights could collect $15 million a year from Bears stadium, but costs still unknown Economic impact reports released by Arlington Heights officials Tuesda...

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