Economy
-
US producer prices rise modest 2.6% in May with inflationary pressures still mild
Jun 12, 2025 8:54 am - U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild.
-
Inflation barely rose last month as cheaper gas and cars offset some costlier importsJun 11, 2025 8:05 am - U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents. Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday. That is up from a 2.3% yearly increase in April. The cost of groceries, toys and games, and large appliances rose, which could reflect the impact of President Donald Trump's tariffs. Yet the price of new and used cars, clothes, air fares, and hotel rooms all dropped from April to May, offsetting the increases.
-
Pritzker’s record-high budget: More spending, more taxesJun 07, 2025 12:57 pm - As a business leader, would you approve in under 24 hours a 3,400-page annual plan you had just read for the first time? What if the provisions changed two hours before the deadline? Probably not. Yet that’s exactly how Illinois lawmakers approach the end of every legislative session when passing the state budget.
-
US employers added a solid 139,000 jobs in May despite uncertainty over trade wars
-
Trump says after Xi call that US and China will resume trade talksJun 05, 2025 8:22 am - U.S. President Donald Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade.
-
OECD says US growth likely to slow to 1.6% this year, hobbled by Trump’s trade wars
-
Dollar General posts record sales as bargain stores attract more customers
-
Inside the test kitchens helping restaurants navigate the trade war
Jun 02, 2025 11:06 am - On a recent weekday morning in downtown Chicago, chefs inside a test kitchen prepared a five-course meal featuring tostada verde with jalapeño Gouda and trout on focaccia. The chefs usually cook these spreads to help customers of Sysco Corp. create or tweak menu items. These days, they’re also coaching eateries on substitutes for imported ingredients hit by tariffs.
-
‘Finding their niche’: The Fresh Market is back to opening stores in the suburbs, this time in redeveloping areasMay 31, 2025 2:11 pm - Despite having shed a few stores in recent years, The Fresh Market grocery chain based in North Carolina is in the midst of a true growth spurt bringing its distinct stores to redeveloping areas of the suburbs.
-
Tips on navigating economic uncertainty for small business ownersMay 31, 2025 1:39 pm - In today’s unpredictable economic climate, many small business owners are struggling to maintain stability amid inflation and fluctuating costs.