Articles filed under Economy
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Oil prices keep moving higher, but US stocks hold near their recordsApr 29, 2026 4:49 pm - More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don’t want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain resilient despite that.
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Senate panel schedules vote to advance Warsh as Powell probe droppedApr 25, 2026 5:30 pm - A Senate committee moved late Friday to advance Kevin Warsh’s nomination to lead the Federal Reserve, scheduling a vote for Wednesday after U.S. Attorney Jeanine Pirro said she was closing a criminal investigation into Fed Chair Jerome H. Powell, potentially removing the main obstacle blocking Warsh’s path to confirmation.
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US consumer sentiment falls to record low on inflationApr 24, 2026 8:41 pm - US consumer sentiment fell in April from a month earlier to a record low, reflecting worries around the economic fallout from the Iran war.
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Illinois launches online resources for households on federal food assistanceApr 24, 2026 4:26 pm - Illinois launched two websites last week that share various work, training and volunteer opportunities that meet federal food assistance work requirements. The sites are free and available to all but designed specifically for Illinoisans who may lose federal food assistance due to recent program changes.
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Intel’s best day since 1987 leads the US stock market to more recordsApr 24, 2026 4:14 pm - A surge for Intel following a blowout profit report led the U.S. stock market to more records Friday, while oil prices kept yo-yoing in the wait for what’s next with the Iran war.
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Warsh says he got no pressure from Trump to cut rates even as president publicly pushes for themApr 21, 2026 8:18 am - President Donald Trump’s nominee to chair the Federal Reserve said Tuesday that he never promised the White House that he would cut interest rates, even as the president renewed his calls for the central bank to do so.
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A constitutional amendment to deliver property tax relief for Illinois homeownersApr 18, 2026 12:30 pm - Less than 1% of Illinois’ taxpayers earn more than $1 million per year. But that number grew by 36% between 2019 and 2023, four times the rate of growth of those earning between $50,000 and $100,000. Millionaires also have seen their inflation-adjusted incomes double over the past four decades while take-home pay has been stagnant for everyone else.
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Oil prices drop 9% and Wall Street rallies to a record after Iran reopens the Strait of HormuzApr 17, 2026 8:34 pm - Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide.
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Energy demand in ComEd territory could double by 2040, in part driven by data centersApr 17, 2026 3:44 pm - A House committee got an overview this week of how data centers are driving up energy demand and threatening potential shortfalls in the second of three planned hearings on the matter.The fundamental issue is that data centers have created a sudden and massive spike in demand for electricity, and Illinois doesn’t yet have the supply to accommodate it.
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Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflationApr 14, 2026 7:02 pm - The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared with 2025, the International Monetary Fund warned Tuesday.
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