Articles filed under Economy
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Taxpayers at risk in lawmakers’ rush to pass Bears stadium billApr 11, 2026 1:20 pm - Lawmakers returning to Springfield this month have no shortage of pressing issues. Yet one item is set to rush to the front of the line: a deal to keep a new Chicago Bears stadium in Illinois.
-
Community kiosks help job seekers find openings, resourcesApr 01, 2026 10:23 am - A network of job kiosks placed throughout Kane, Kendall and DeKalb counties is helping connect residents with employment opportunities and workforce services.
-
Worries about global economic pain deepen as the war in Iran drags onMar 30, 2026 1:03 pm - U.S. and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing countries to ration fuel and subsidize energy costs to protect their poorest.
-
High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest ratesMar 20, 2026 3:54 pm - Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve