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Economy

Former Federal Reserve Chairman Alan Greenspan dies at 100

By PAUL WISEMAN
Jun 22, 2026 7:23 am - Alan Greenspan, the jazz-playing U.S. Federal Reserve chair who was celebrated for engineering a decade of prosperity but later shared the blame for a devastating financial crisis, died Monday. He was 100.
Federal cuts are hitting Illinois food assistance recipients — and the farmers who feed them

By Molly A Wallace and Medill Illinois News Bureau
Jun 20, 2026 11:00 am - The Trump administration eliminated food assistance for an estimated 360,000 Illinoisans this year by expanding work requirements and cutting benefits for lawfully present immigrants, including refugees and asylum seekers. Link Match doubles SNAP users’ purchasing power at farmers’ markets, food co-ops and local grocers and has grown from $469,000 in spending in 2021 to $2.26 million in 2025. With fewer Illinoisans eligible for SNAP benefits, local farmers who already operate on slim profit margins could lose income.
US filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low

By MATT OTT
Jun 18, 2026 8:26 am - The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years.
US stocks sink on worries about a possible hike to interest rates this year by the Federal Reserve

By STAN CHOE
Jun 17, 2026 4:22 pm - U.S. stocks slumped Wednesday on speculation the Federal Reserve may hike interest rates this year to keep a lid on inflation. Higher rates can tap the brakes on accelerating prices at cash registers, but they also slow the economy and hurt prices for investments.
Federal Reserve keeps rate unchanged, but nearly half of policymakers would support hike this year

By CHRISTOPHER RUGABER
Jun 17, 2026 2:10 pm - WASHINGTON — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year...
All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates

By CHRISTOPHER RUGABER
Jun 16, 2026 3:20 pm - Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded? On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair.
Higher prices for gas, groceries and flights will likely outlast the Iran war

By MAE ANDERSON
Jun 16, 2026 8:03 am - Even after oil starts flowing again from the Middle East, it could take awhile for consumers to see a difference at local fuel pumps, supermarkets and other places they shop, according to economists and industry analysts.
In an era when workers are returning to offices, here’s how Dropbox is making remote jobs work

By CATHY BUSSEWITZ
Jun 13, 2026 1:45 pm - Many companies have ended remote work arrangements that began during the coronavirus pandemic. But technology company Dropbox has no plans to return its workers to offices. The cloud storage provider adopted a "virtual-first" staffing model for all employees in 2020 and has refined it in the years since. Employees are free to create their own schedules outside of four-hour blocks reserved for meetings. Dropbox holds in-person events at least quarterly and some workers get together every week or two.
The Biz Week That Was: New housing projects in the works, popular ice cream brand comes to suburbs

Daily Herald report
Jun 13, 2026 12:16 pm - Nearly 300 more apartments planned for Naperville’s CityGate Centre campus Naperville’s CityGate Centre campus has developed over the years with a mix of offices, re...
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.

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