Economy
-
Trump’s campaign called it an economic address. He made big promises but mostly veered off topic
Aug 14, 2024 7:17 am - ASHEVILLE, N.C. — Donald Trump made little effort to stay on message Wednesday at a rally in North Carolina that his campaign billed as a big economic address, mixing ple...
-
State publishes 5-year business development plan
Aug 13, 2024 3:30 pm - The Illinois Department of Commerce and Economic Opportunity on Monday published a five-year plan outlining how it hopes to attract and retain businesses in the state. At...
-
Americans’ refusal to keep paying higher prices may be dealing a final blow to U.S. inflation spike
Aug 12, 2024 7:13 am - The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.
-
Time for the Fed to cut interest ratesAug 11, 2024 6:02 am - While the Fed’s initial decision to hike interest rates was a policy intervention designed to slow inflation, a decision to keep rates high creates real headwinds for the housing market
-
You can probably lower your cellphone bill
Aug 11, 2024 5:30 am - You might gasp at the $1,000-and-way-up sticker price of a fancy new smartphone. But your mobile plan probably costs you hundreds or thousands of dollars more than the de...
-
South suburban airport could bring over $1 billion in economic activity, per report
Aug 08, 2024 12:36 pm - A new airport in Chicago’s far south suburbs could bring thousands of jobs and a $1 billion economic impact, according to a new report, but state and local officials expr...
-
What are carry trades and how did they contribute to this week’s global market mayhem?
Aug 06, 2024 12:48 pm - BANGKOK — The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.” Japan’s benchmark Nikkei 225 plunged 12...
-
A ‘Textbook Turnaround Tuesday’ doesn’t mean meltdown is over
Aug 06, 2024 7:53 am - It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a sell-off at the start of the week — is an opportunity that shows up time a...
-
Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
Aug 06, 2024 6:56 am - Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years. The S&P 500 rose 1% Tuesday to break a brutal three-day losing streak. The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite added 1%.
-
Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwide
Aug 05, 2024 7:29 am - Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.