Economy
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They have jobs, but no homes. Inside America’s unseen homelessness crisis.
Aug 04, 2024 6:00 am - They are plumbers and casino supervisors, pizzeria managers and factory workers. They deliver groceries, sell eyeglasses and unload trucks at Amazon. And they’re the new,...
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Dow drops 775 on weak jobs data as a global sell-off whips back to Wall Street
Aug 02, 2024 8:27 am - Stocks are tumbling Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The S&P 500 was sinking by 2.1% ...
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U.S. added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll
Aug 02, 2024 8:24 am - U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.
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Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut in over 4 years
Aug 01, 2024 6:53 am - LONDON — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy hav...
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The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing
Jul 31, 2024 2:34 pm - WASHINGTON — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer ...
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Trust pros to help cut red tape, build more suburban housingJul 31, 2024 9:24 am - As Cook County property taxes hit Aug. 1, businesses and residents inevitably will see tax hikes. These rising bills, along with burdensome government regulations, make I...
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‘Sensationally unpredictable’ U.S. election clouds policy view
Jul 28, 2024 5:11 am - The shock replacement of the Democratic presidential candidate less than four months before the U.S. election has introduced a new element of uncertainty about the outloo...
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Harris will carry Biden's economic record into the election. She hopes to turn it into an asset
Jul 26, 2024 6:45 am - A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do?
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US economic growth increased last quarter to a healthy 2.8% annual rate
Jul 25, 2024 6:34 am - WASHINGTON — The nation's economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of contin...
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Manzo: Motor fuel tax adjustment is paying dividendsJul 14, 2024 5:13 am - There has been a lot of media coverage lately about the annual inflation adjustment to Illinois’ motor fuel tax, which increased by 1.5 cents per gallon on July 1. But i...