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Economy

Iran war is the worst hit to the global economy since COVID, World Bank says

By David J. Lynch
Jun 11, 2026 6:15 pm - The global economy — tested by years of war, pandemic and trade tension — is beginning to fray, as fallout from the U.S.-led war on Iran dents prospects for growth, the World Bank said in a new forecast.
US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds

By MATT OTT
Jun 11, 2026 7:53 am - U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran.
Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago

By STAN CHOE
Jun 10, 2026 4:29 pm - Another sell-off for artificial-intelligence stocks helped drag the U.S. market sharply lower Wednesday, as Wall Street’s former superstars continue to face heavy scrutiny for their success.
What to know about dynamic grocery pricing and how it might affect your bill

By Emily Heil
Jun 10, 2026 9:18 am - Grocery prices remain a big concern for Americans — and not just for families looking to stretch their dollars to cover increasing costs. Economists, consumer advocates and legislators, too, are focusing on them, with concerns that companies will take advantage of technological advances and a confusing landscape to charge consumers more.
Inflation rises to a 3-year high on spiking gas prices, squeezing households, businesses

By CHRISTOPHER RUGABER
Jun 10, 2026 7:47 am - Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.
Illinois ranks 20th in nation for child well-being, new report shows

By Madhu Krishnamurthy
Jun 08, 2026 3:52 pm - Illinois ranks 20th in overall child well-being, according to a new report that reveals concerning declines in education and health outcomes.
Illinois’ latest budget asks taxpayers to pay more for Springfield’s spending

By Matt Paprocki
Jun 06, 2026 12:24 pm - Year after year, lawmakers wait until the final hours of session to assemble massive budget packages that put businesses and residents on the hook for spending that few people actually reviewed. The process lacks accountability and can involve gimmicky maneuvering.
US employers added 172,000 jobs in May, an unexpectedly strong showing

By Lauren Kaori Gurley
Jun 05, 2026 4:52 pm - The U.S. economy added 172,000 jobs in May, a surprisingly strong gain for the economy, even as employers grapple with elevated prices.
Americans’ spending props up the economy as rising prices sap savings

By Rachel Lerman
Jun 05, 2026 4:41 pm - Americans are still spending money so strongly it’s steering the economy through inflation, but rising prices are starting to take a toll on savings accounts and summer vacation plans.
Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

By DAMIAN J. TROISE and ALEX VEIGA
Jun 05, 2026 4:15 pm - The U.S. stock market had its worst day since October on Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year.

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