Economy
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The Biz Week That Was: Bears haggling, new eateries, outdoor dining and bubble gum soda among highlightsMar 24, 2024 5:41 am - Bears and school districts stop short of endorsing Arlington Heights tax proposal A day after Arlington Heights officials unveiled a proposed settlement to the ongoi...
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Strong Illinois economy has been very good for businessMar 24, 2024 5:02 am - Don’t tell the naysayers, but Illinois’ economy continues to remain strong. We are America’s sixth-largest state and fifth-largest economy, now generating $1.1 trillion a...
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Sky’s the limit? Aurora mayor wants new high-rise downtownMar 24, 2024 2:57 am - Aurora Mayor Richard Irvin is thinking big for what to do with the downtown site of the Hollywood Casino Aurora when it moves to its new home on the outskirts of the city...
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House approves $1.2 trillion package of spending bills before shutdown deadline, Senate up nextMar 22, 2024 11:10 am - WASHINGTON — The House approved a $1.2 trillion package of spending bills on Friday just a few hours before funding for some key federal agencies is set to expire, a lon...
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Discount grocers smell opportunity amid rising prices
Mar 20, 2024 8:01 am - Batavia-based Aldi plans to add 800 stores over the next four years. Dollar General expects to add that many just this year. And their main rivals have ambitions of their...
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Federal Reserve still foresees 3 rate cuts this year but envisions higher rates in future
Mar 20, 2024 7:50 am - WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed su...
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It’s never been cheaper to buy an EV. Here’s why.
Mar 18, 2024 1:04 pm - The price of electric cars is plummeting so fast that they’re now almost as cheap as gas-powered cars. Since EVs first hit the market, car buyers have had to pay a steep ...
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Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
Mar 18, 2024 6:46 am - WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective home buy...
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U.S. inflation up again in February in latest sign that price pressures remain elevated
Mar 12, 2024 8:01 am - WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe...
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U.S. employers add a surprisingly strong 275,000 jobs in sign of continued economic strength
Mar 08, 2024 7:45 am - WASHINGTON — America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilienc...