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Economy

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.
Hershey and other chocolate makers hike prices as cocoa remains near record highs

By DEE-ANN DURBIN
Jul 24, 2025 1:31 pm - Hershey and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice.
Lake County ranks among top 10 nationally for economic development

By Madhu Krishnamurthy
Jul 21, 2025 11:05 am - Lake County has been named one of the top 10 counties in the nation to do business in by Site Selection Magazine.
‘Click-to-cancel’ is over, but there are other ways to unsubscribe

By CORA LEWIS
Jul 19, 2025 1:19 pm - A “click-to-cancel” rule, which would have made it easier for consumers to end unwanted subscriptions, was blocked by a federal appeals court days before it was set to go into effect. But there are ways to end those subscriptions and memberships, even if they take some work.
Retirees, here’s how to tweak the 4% rule to protect your nest egg

By Amy Arnott and Ivanna Hampton of Morningstar
Jul 18, 2025 8:18 am - New retirees might enter a different environment than their predecessors—the economy or market might have changed slightly or dramatically.

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