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Wall Street falls following Trump’s tariffs, but not as badly as feared in the morning

By STAN CHOE
Feb 03, 2025 4:01 pm - The threat of a punishing trade war sent Wall Street on a roller coaster Monday. After initially falling sharply on worries about President Donald Trump’s tariffs, U.S. stocks pared their losses after Mexico said it had negotiated a one-month reprieve.
Schaumburg considering maximum price tag of $44.2 million to build new village hall

By Eric Peterson
Feb 03, 2025 2:40 pm - After 17 months of preliminary work, Schaumburg officials are at last faced with the actual construction cost of replacing the 52-year-old village hall with a taller, more efficient building.
Trump orders creation of US sovereign wealth fund, says it could own part of TikTok

By ZEKE MILLER
Feb 03, 2025 1:56 pm - President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he's successful at finding it an American buyer.
Electrical issue blamed for fire at Lake Zurich bar

By Jake Griffin
Feb 03, 2025 12:28 pm - Lake Zurich Fire Department officials say a late Sunday night fire that damaged a bar was likely sparked by an electrical issue in the basement.
Naperville Area Chamber appoints new 2025 board leadership

By Maddie Crabtree, Naperville Area Chamber of Commerce
Feb 03, 2025 12:21 pm - The Naperville Area Chamber of Commerce names new 2025 executive committee and board members to guide business community growth and success.
New Afrocentric boutique opens in Aurora

Daily Herald report
Feb 03, 2025 12:09 pm - A new Afrocentric boutique opened Monday in Aurora bringing the heritage of African fashion to the state’s second-largest city. SamandaRose Couture opened at 481 Commons ...
Trump is leveraging tariffs. Is he ready for potential fallout? Are consumers? Here's what to know

By BILL BARROW
Feb 03, 2025 12:09 pm - President Donald Trump has taken executive action to impose or threaten new tariffs on imports from Canada, Mexico and China.
Trump agrees to pause tariffs on Mexico, Canada after they pledge to boost border enforcement

By JOSH BOAK and CHRISTOPHER SHERMAN
Feb 03, 2025 10:08 am - President Donald Trump on Monday held off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts.
EU leaders ponder the ‘cruel paradox’ of a U.S. ally threatening tariffs and a possible land grab

By LORNE COOK
Feb 03, 2025 9:33 am - After three years spent trying to deter Russia from destroying Ukraine, European Union leaders grappled on Monday with possible responses to a major ally who appears determined to start a trade war or perhaps even seize part of their territory.
Investors are betting Musk and Tesla will make a fortune under Trump even as threats mount

By BERNARD CONDON
Feb 03, 2025 7:53 am - NEW YORK — For Elon Musk fans, it’s the half a trillion-dollar bet. That is how much the stock market value of Tesla has rocketed since the presidential election, a verti...

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