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Economy

Trump’s sharp tariff hikes could speed up China's shift to new markets and offshore factories

By SIMINA MISTREANU and KEN MORITSUGU
Nov 26, 2024 10:24 am - Visitors who bought fridge magnets at Times Square or other tourist hot spots around New York in recent years most likely were purchasing the work of Du Jing or one of her fellow exporters in a small Chinese city that supplies the U.S. and the world with tons of small commodities.
Why occupational licensing reform can boost Illinois business

By Matt Paprocki
Nov 24, 2024 6:00 am - In Illinois, nearly 1 in 4 workers requires an occupational license to perform more than 100 different professions. With one of the most restrictive licensing systems in the country, Illinois has lost 135,000 jobs and $15 billion in economic activity.
St. Charles using ‘highly accurate’ AI data to track event participation, market trends

By David Petesch
Nov 21, 2024 11:26 am - The city of St. Charles has been using artificial intelligence analytics to assess the foot traffic patterns and consumer behavior of residents and visitors, and to monit...
Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

By CHRISTOPHER RUGABER
Nov 21, 2024 8:11 am - Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brands

By ANNE D'INNOCENZIO
Nov 20, 2024 10:17 am - With Thanksgiving next week, Walmart, Target, Aldi and other grocers are competing for a place on holiday tables with turkey dinner deals and other promotions to tempt Americans who haven't recovered from recent food price inflation.
Gold is suddenly not so glittery after Trump’s White House victory

By STAN CHOE
Nov 17, 2024 5:56 am - NEW YORK — After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump's victory in the presidential election. Gol...
Trump’s economic agenda for his second term is clouding the outlook for mortgage rates

By ALEX VEIGA
Nov 17, 2024 5:29 am - Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.
Slightly more American apply for unemployment benefits last week, but layoffs remain at low levels

By MATT OTT
Nov 07, 2024 8:02 am - The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels.
Restaurants, other services still in grip of high inflation even as overall rate slows

By DAMIAN J. TROISE
Nov 07, 2024 7:39 am - While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. That has put a strain on consumers eating out, servicing their cars and paying for various kinds of insurance.
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

By CHRISTOPHER RUGABER
Nov 07, 2024 7:12 am - The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s presidential election victory this week.

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