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Economy

US consumer confidence inches higher in April despite Iran war, soaring gasoline prices

By MATT OTT
Apr 28, 2026 10:16 am - U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran.
Senate panel schedules vote to advance Warsh as Powell probe dropped

By Andrew Ackerman
Apr 25, 2026 5:30 pm - A Senate committee moved late Friday to advance Kevin Warsh’s nomination to lead the Federal Reserve, scheduling a vote for Wednesday after U.S. Attorney Jeanine Pirro said she was closing a criminal investigation into Fed Chair Jerome H. Powell, potentially removing the main obstacle blocking Warsh’s path to confirmation.
Lake County Partners’ annual gathering marks community impact and regional momentum

Daily Herald report
Apr 25, 2026 12:30 pm - Hundreds of local business and civic leaders came together for Lake County Partners’ 2026 “Big Event” recently held at the Lincolnshire Marriott Resort.
US consumer sentiment falls to record low on inflation

By Jarrell Dillard and Maria Paula Mijares Torres
Apr 24, 2026 8:41 pm - US consumer sentiment fell in April from a month earlier to a record low, reflecting worries around the economic fallout from the Iran war.
Illinois launches online resources for households on federal food assistance

By JENNA SCHWEIKERT
Apr 24, 2026 4:26 pm - Illinois launched two websites last week that share various work, training and volunteer opportunities that meet federal food assistance work requirements. The sites are free and available to all but designed specifically for Illinoisans who may lose federal food assistance due to recent program changes.
Intel’s best day since 1987 leads the US stock market to more records

By STAN CHOE
Apr 24, 2026 4:14 pm - A surge for Intel following a blowout profit report led the U.S. stock market to more records Friday, while oil prices kept yo-yoing in the wait for what’s next with the Iran war.
Warsh says he got no pressure from Trump to cut rates even as president publicly pushes for them

By CHRISTOPHER RUGABER
Apr 21, 2026 8:18 am - President Donald Trump’s nominee to chair the Federal Reserve said Tuesday that he never promised the White House that he would cut interest rates, even as the president renewed his calls for the central bank to do so.
A constitutional amendment to deliver property tax relief for Illinois homeowners

By Frank Manzo IV
Apr 18, 2026 12:30 pm - Less than 1% of Illinois’ taxpayers earn more than $1 million per year. But that number grew by 36% between 2019 and 2023, four times the rate of growth of those earning between $50,000 and $100,000. Millionaires also have seen their inflation-adjusted incomes double over the past four decades while take-home pay has been stagnant for everyone else.
Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation

By PAUL WISEMAN
Apr 14, 2026 7:02 pm - The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared with 2025, the International Monetary Fund warned Tuesday.
Tax refunds are up, but polling shows most Americans still think they’re overpaying

By LINLEY SANDERS
Apr 14, 2026 11:14 am - Most Americans still think their taxes are too high, according to recent polls, even after last year’s tax law fulfilled several of President Donald Trump’s tax-related campaign promises. In fact, a new Fox News poll indicates people are more upset about taxes than they were last year.

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