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Economy

U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels

By MATT OTT
Jul 02, 2026 8:05 am - U.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels.
Trump administration’s $46 billion 'smart wall' races ahead on the US-Mexico border

By REBECCA SANTANA
Jul 02, 2026 7:24 am - After a massive infusion of cash from Congress, President Donald Trump's administration is swiftly building what it has dubbed a “smart wall,” a combination of 30-foot-tall steel fencing and an array of sophisticated technology like sensors, cameras and towers allowing Border Patrol to surveil the territory.
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

By CHRISTOPHER RUGABER
Jul 01, 2026 9:49 am - New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought.
Vernon Hills plans to retire 2 special tax increment financing districts

By Mick Zawislak
Jun 30, 2026 5:09 pm - Two of three special financing districts created as incentives for what have become successful developments along Milwaukee Avenue in Vernon Hills are headed for retirement.
Egg producers will pay $3.3M and donate 53 million eggs to settle price fixing claims

By WYATTE GRANTHAM-PHILIPS
Jun 30, 2026 4:31 pm - NEW YORK — The U.S. Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve allegations that the companies ille...
Consumer confidence ticks up as gas prices fall but Americans remain gloomy about the economy

By CHRISTOPHER RUGABER
Jun 30, 2026 3:27 pm - Americans’ attitudes toward the economy improved slightly this month as gas prices declined, but their outlook is still mostly negative by historical standards.
Supreme Court says Fed’s Cook can keep her job for now, but it upholds other Trump firings

By MARK SHERMAN
Jun 29, 2026 10:35 am - The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.
Most of Wall Street rises, but sinking AI stocks send it lower for the week

By STAN CHOE
Jun 26, 2026 3:42 pm - Most of the U.S. stock market rose Friday after oil prices eased back to where they were before the war with Iran, but drops for stocks swept up in the mania around artificial-intelligence technology kept the market in check.
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

By CHRISTOPHER RUGABER
Jun 25, 2026 8:23 am - The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near.
From peace talks to Pennsylvania: Trump visits Mack Truck facility to tout his economic policies

By MIKE CATALINI and SEUNG MIN KIM
Jun 23, 2026 2:43 pm - MACUNGIE, Pa. — President Donald Trump visited a Mack Truck facility in the swing state of Pennsylvania on Tuesday, attempting to shift attention to the U.S. economy in h...

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