Economy
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Lindt weighs making chocolate bunnies in US as Trump tariffs hit
Aug 17, 2025 11:00 am - Swiss chocolatier Lindt & Spruengli AG may shift production of its world-famous, gold-wrapped Easter bunnies to the U.S. to sidestep import tariffs imposed by the Trump administration.
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Retail sales rise 0.5% in July as some shoppers step up purchases ahead of tariffs
Aug 16, 2025 10:45 am - Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, even as President Donald Trump's tariffs start to take a toll on jobs and lead to some price increases.
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Libertyville joins most others in enacting local grocery taxAug 14, 2025 8:07 pm - Libertyville will join a majority of communities replacing the state grocery tax with a local version starting Jan. 1.
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Most U.S. stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
Aug 14, 2025 3:28 pm - Wall Street is edging back from its record heights on Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected.
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Oakton College’s Workforce Empowerment Initiative receives nearly $1M grant to expand high-impact training programsAug 14, 2025 11:15 am - Oakton College in Des Plaines has received a $941,241 Illinois Workforce Empowerment Initiative grant to expand career training programs that advance economic mobility for students in high-demand fields.
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U.S. producer prices surge in July as Trump tariffs push costs higher
Aug 14, 2025 10:37 am - U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way.
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Economic uncertainty revives interest in barteringAug 13, 2025 10:54 am - The current economic climate, which is seeing the effects of tariffs, cost increases and a slowing job market, is creating uncertainty for not only individuals, but also businesses of all sizes.
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US inflation held steady last month as tariff hit offset by cheaper gas, food
Aug 12, 2025 9:23 am - U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
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The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023
Aug 07, 2025 6:50 am - The Bank of England cut its main interest rate Thursday by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.
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Trump’s broad tariffs go into effect, just as economic pain is surfacing
Aug 07, 2025 6:37 am - President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy.