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US stocks sink on worries about inflation as gold falls below $5,000 per ounce

By STAN CHOE
Mar 18, 2026 4:11 pm - U.S. stocks slumped Wednesday after a report said inflation was primed to worsen even before the war with Iran caused oil prices to spike. That and comments from the head of the Federal Reserve pushed Wall Street to see less chance of getting the lower interest rates that it loves.
Federal Reserve projects one rate cut this year, sees limited economic impact from Iran war

By CHRISTOPHER RUGABER
Mar 18, 2026 1:50 pm - Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026.
Des Plaines approves $17M incentive deal for Costco development

By Russell Lissau
Mar 18, 2026 11:51 am - The Des Plaines City Council on Monday approved financial incentives worth up to $17 million to bring a Costco store to town.
8 new stores, entertainment venues coming to Woodfield Mall

Daily Herald report
Mar 18, 2026 10:53 am - Lindt Swiss Master Chocolatiers has led a wave of eight new stores and entertainment venues coming to Woodfield Mall in Schaumburg this spring.
US drivers see gas prices jump to their highest level since 2023 as the Iran war drags on

By WYATTE GRANTHAM-PHILIPS
Mar 18, 2026 9:53 am - The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide. And in the U.S., drivers are now facing the highest prices they've seen at the pump in about two and a half years.
How AIPAC, crypto and a billionaire governor shaped the Illinois primaries

Theodoric Meyer
Mar 18, 2026 9:47 am - The win capped a mixed night for AIPAC and crypto, which spent heavily in Illinois’ primary elections.
Jet fuel prices and airfares are rising. Travelers are still booking flights, US airlines say

By Rio Yamat
Mar 18, 2026 9:01 am - Rising jet fuel costs tied to the war in the Middle East are adding hundreds of millions of dollars in expenses for some major U.S. airlines. But executives from Delta, American and United told investors Tuesday that strong ticket sales are helping offset those higher costs, with all three carriers reporting record bookings this year.
Strikes hit world’s largest natural gas field in Iran, and Tehran retaliates with more attacks

By JON GAMBRELL, DAVID RISING and SAMY MAGDY
Mar 18, 2026 9:00 am - Israel said Wednesday it killed another top Iranian official, the third in two days, while Iran lashed out with attacks on its Persian Gulf neighbors and Israel, using some of its latest missiles to evade air defenses and killing two people near Tel Aviv.
The imperative to change business strategy is more pressing than ever. Just ask Southwest Airlines.

By Mary Lynn Fayoumi
Mar 18, 2026 8:37 am - Willingness to challenge the status quo and question the utility of even the most long-standing policies and practices is required now more than ever.
Trump’s tariffs are hurting American manufacturers instead of helping them

By JOSH BOAK
Mar 18, 2026 8:27 am - WASHINGTON — Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufactu...

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