Articles filed under Economy
-
Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest ratesJun 05, 2026 4:15 pm - The U.S. stock market had its worst day since October on Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year.
-
US stocks inch to more records after oil prices dropMay 27, 2026 5:13 pm - U.S. stocks inched to more records Wednesday after oil prices fell and eased the pressure on households and businesses worldwide.The S&P 500 edged up by less than 0.1% and added to its all-time high set the day before. The Dow Jones Industrial Average climbed 182 points, or 0.4%, and the Nasdaq composite gained 0.1% as both indexes also set records.
-
Stock markets worldwide drop from records as worries about oil prices rattle the bond marketMay 15, 2026 4:15 pm - The U.S. stock market fell from its records Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market. Stocks that had been caught up in the euphoria around artificial-intelligence technology led the way lower.
-
Tech carries Wall Street to records, even as most stocks fall after discouraging inflation dataMay 13, 2026 4:07 pm - A rebound for technology stocks led Wall Street to records Wednesday, even though the majority of U.S. stocks fell following another discouraging update on inflation.
-
How do data centers benefit the places where they’re built? Local mayors give mixed reviewsMay 11, 2026 9:32 am - Lawmakers currently are debating how to regulate data centers while balancing that goal with the economic benefits the facilities can bring to communities. No regulations have moved beyond the discussion stage, and it’s unclear whether they’ll pass this spring. The most significant economic development data centers bring come from property taxes, construction job creation and community developments.
-
Illinois toll hike undermines Pritzker’s affordability messageMay 09, 2026 12:52 pm - Gov. J.B. Pritzker is marketing himself as a champion of affordability. A proposal to impose the largest passenger toll increase in state history cuts directly against that message.
-
US stocks rise to records after a solid jobs report overshadows higher oil pricesMay 08, 2026 4:16 pm - The U.S. stock market rose to records Friday following the latest sign that the nation’s job market is doing better than economists expected.
-
ICE raids reduce jobs for both U.S.-born and undocumented workers, study findsMay 06, 2026 9:20 am - President Donald Trump’s immigration raids and checkpoints are weighing on the labor market, leading to fewer jobs for U.S.-born men without a college degree as well as undocumented immigrants, according to an economic study out this week.
-
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.
-
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.