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Employee ownership made my retirement possible; let’s make every worker an owner

By Steven Schmidt
Apr 10, 2025 2:47 pm - Most Americans have little to nothing saved for retirement, and retiring early, like Steven Schmidt did, is out of the question. Schmidt credits his good fortune to the employee stock ownership plan at the company where he worked for 41 years.
How much does a beer and a hot dog cost you at Wrigley Field or the Rate? I did the math

By Jon Greenberg
Apr 10, 2025 10:45 am - It’s not breaking news, but nothing is cheap at a professional sporting event, let alone Wrigley Field, where the Cubs pack ’em in, rain or shine, snow or sun. Starting with tickets, a parent taking a family of four to a game — or one person drinking for four — can experience losses of “biblical” proportions in their bank account.
China reaches out to others as Trump layers on tariffs

By CHRISTOPHER BODEEN
Apr 10, 2025 10:11 am - China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into the effort, it's meeting only partial success with many countries unwilling to ally with the main target of President Donald Trump's trade war.
With a magical ‘swish and flick,’ Harry Potter store debuts on Michigan Avenue

By Madhu Krishnamurthy and Elizabeth Maxwell
Apr 10, 2025 9:15 am - For decades, devoted Harry Potter fans have had to accept the fact that Hogwarts is fictional. But the magic somewhat is restored for anyone able to visit Chicago’s new addition to the fandom, with attention to detail that can make you forget you’re not actually in London.
Trump’s tariffs pushed the U.S. uncomfortably close to a financial crisis before pause

By David J. Lynch
Apr 10, 2025 8:27 am - President Donald Trump may have brought the world to the brink of a financial crisis before pausing his tariff war on Wednesday, as the $28 trillion market for Treasury bonds displayed unusual strains in the hours before his change of course.
House GOP approves framework for Trump’s big bill after intense wrangling wins over GOP holdouts

By LISA MASCARO and KEVIN FREKING
Apr 10, 2025 8:12 am - House Republicans narrowly approved their budget framework on Thursday, a political turnaround after Speaker Mike Johnson worked into the night to satisfy GOP holdouts who had refused to advance trillions of dollars in tax breaks without deeper spending cuts.
EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks

By LORNE COOK and DAVID McHUGH
Apr 10, 2025 7:58 am - The European Union’s executive commission said Thursday it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution.
US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war

By STAN CHOE
Apr 10, 2025 7:52 am - U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump's trade war continues to threaten the economy. The S&P 500 fell 3.5% Thursday. The Dow Jones Industrial Average dropped 2.5%, and the Nasdaq composite sank 4.3%. China announced more countermeasures against the United States, and losses for stocks accelerated after the White House clarified that it will tax Chinese imports at 145%, not the 125% rate Trump had earlier written about. The swings also hit the bond market despite a better-than-expected report on inflation.
Billionaires, trusted allies, media personalities. These are the people Trump picked for top roles

By PARKER KAUFMANN, HUMERA LODHI and CHRISTOPHER KELLER
Apr 10, 2025 7:48 am - President Donald Trump prioritized loyalty as he built out a team for his second term, surrounding himself with people who served faithfully in his first administration or who worked on one or more of his three campaigns.
Inflation fell last month as gas prices dropped sharply, a sign prices cooling before tariffs

By CHRISTOPHER RUGABER
Apr 10, 2025 7:44 am - U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.

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