Economy
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Powell signals Fed may cut rates soon even as inflation risks remainAug 22, 2025 9:14 am - Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.
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Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Aug 21, 2025 4:33 pm - Both Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming.
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Lindt weighs making chocolate bunnies in US as Trump tariffs hit
Aug 17, 2025 11:00 am - Swiss chocolatier Lindt & Spruengli AG may shift production of its world-famous, gold-wrapped Easter bunnies to the U.S. to sidestep import tariffs imposed by the Trump administration.
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Retail sales rise 0.5% in July as some shoppers step up purchases ahead of tariffs
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Libertyville joins most others in enacting local grocery taxAug 14, 2025 8:07 pm - Libertyville will join a majority of communities replacing the state grocery tax with a local version starting Jan. 1.
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Most U.S. stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
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Oakton College’s Workforce Empowerment Initiative receives nearly $1M grant to expand high-impact training programsAug 14, 2025 11:15 am - Oakton College in Des Plaines has received a $941,241 Illinois Workforce Empowerment Initiative grant to expand career training programs that advance economic mobility for students in high-demand fields.
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U.S. producer prices surge in July as Trump tariffs push costs higher
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Economic uncertainty revives interest in barteringAug 13, 2025 10:54 am - The current economic climate, which is seeing the effects of tariffs, cost increases and a slowing job market, is creating uncertainty for not only individuals, but also businesses of all sizes.
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US inflation held steady last month as tariff hit offset by cheaper gas, food