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Economy

Skyrocketing car-insurance premiums are pushing inflation higher

By Andrew Ackerman, Federica Cocco
Dec 13, 2024 2:30 pm - Soaring insurance premiums, particularly for autos, are fueling rising consumer prices and complicating policymakers’ attempts to beat back inflation. Inflation cooled fo...
As budget tightens, report finds Illinois better prepared for recession than in recent past

By Ben Szalinski
Dec 11, 2024 10:00 am - State lawmakers will face a projected budget deficit and slowing revenue when they return to Springfield in January, but a new report shows fiscal decisions made in recent years have put Illinois in a better position to handle a recession than in recent decades.
Cutting through the noise in 2025 to work for small businesses

By Elliot Richardson
Dec 08, 2024 6:30 am - The small business community needs a common sense, meaningful, and robust agenda in 2025. Elliot Richardson says the Small Business Advocacy Council will deliver.
US added a strong 227,000 jobs in November in bounce-back from October slowdown

By PAUL WISEMAN
Dec 06, 2024 7:52 am - America’s job market rebounded in November, adding 227,000 workers in a solid recovery from October, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls.
Food, gas and cars could quickly get pricier under Trump’s tariff plan

Abha Bhattarai
Dec 02, 2024 7:56 am - A new wave of tariffs could quickly reignite inflation on food, gas and automobiles, just as Americans were finally starting to catch a break from fast-rising prices.
Holiday online shopping scams expected to surge on Cyber Monday

Submitted by Better Business Bureau
Nov 29, 2024 11:48 am - Cyber Monday is prime time for high-risk online shopping scams, the Better Business Bureau warns.
Trump’s tariffs in his first term did little to alter the economy, but this time could be different

By JOSH BOAK
Nov 28, 2024 10:50 am - Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries.
US inflation gauge ticks higher with price pressures still stubborn

By CHRISTOPHER RUGABER
Nov 27, 2024 10:01 am - Consumer price increases accelerated last month, the latest sign that inflation's steady decline over the past two years has stalled in recent months.
US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

By PAUL WISEMAN
Nov 27, 2024 8:18 am - The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth.
Trump’s latest tariff plan aims at multiple countries. What does it mean for the US?

By PAUL WISEMAN
Nov 26, 2024 10:57 am - President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States.

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