Economy

Higher costs and economic uncertainty cited as reasons John Whiteside Memorial Golf Outing currently falling shot of fundraising goals needed for the Abraham Lincoln National Cemetery Memorial Squad.

Consumer prices rose 2.3% in April from a year ago, the Labor Department said Tuesday, down from 2.4% in March and the smallest increase in more than four years

The Grundy Economic Development Commission hosted its annual Legislative Breakfast Monday morning, where local legislators were able to answer questions from the business community.

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war.

U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%

President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war

President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process for goods from the United States

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen

U.S. stocks closed lower Tuesday as quarterly results show more companies are scrubbing their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs

For a fourth consecutive weekend, a protest against President Trump's policies was held in Joliet.

American employers added a better-than-expected 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump’s trade wars

Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business

General Motors is lowering its profit expectations for the year as the carmaker braces for a potential impact from auto tariffs as high as $5 billion in 2025

McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next

IMF warns of worsened U.S. and global growth amid Trump’s tariffs and uncertainty

Mercedes-Benz is opening a new dealership at 541 S. Weber Road, in Roemeoville.

Trump hinted at moving to fire Powell, whose term does not expire until next year

Stocks fell further after Powell’s remarks. The broad S&P 500 index dropped more than 2% in afternoon trading.

The Trump administration has taken its next steps toward imposing more tariffs on key imports

Xi Jinping highlights China-Vietnam ties amidst U.S. trade war tensions

Trump administration exempts smartphones and laptops from tariffs, aiding tech firms

Chicago toy company faces massive tariff hikes, risking production and jobs

China raises U.S. tariffs to 125%, intensifying trade war tensions

U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy

U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats

Anyone with items needing repair should come out to Joliet Junior College's free Repair Cafe Saturday in Romoeoville.

U.S. stocks soared to one of their best days in history on a euphoric Wall Street Wednesday after President Donald Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

In 2024, according to the governor’s office, Illinois exported more than $2.6 billion worth of goods to the U.K., making it the state’s eighth-largest export partner

China again vowed to “fight to the end” Wednesday in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from Thursday

U.S. stocks dove Tuesday following another stunning reversal, with Wall Street veering from a huge gain at the opening of trading to more losses at the close, because investors still have no idea what to make of President Donald Trump’s trade war

President Donald Trump remained defiant on Monday as global markets continued plunging after his tariff announcement last week

The impact of U.S. President Donald Trump’sblast of tariff hikes was reverberating across world markets Monday as America’s trading partners puzzled over whether there is room for negotiating better deals

President Donald Trump said Sunday that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that have sent financial markets reeling

The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week

The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, Fed Chair Jerome Powell said Friday

President Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports

Global markets slid further and Wall Street was on track for another day of crushing losses Friday after China responded to U.S. President Donald Trump’s latest set of tariffs with some of their own

China responded to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all U.S. products beginning April 10

The city of Joliet, in partnership with the Joliet City Center Partnership will showcase 10 Chicago Street businesses in a special event on Friday.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty

President Donald Trump says Wednesday will be “Liberation Day” — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods

The U.S. government is on a global egg hunt, seeking exports from countries in Europe and elsewhere to ease a severe shortage that has caused egg prices at grocery stores to hit record highs

An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt

The U.S. cities most vulnerable to a trade war with Canada turn out to largely be in the states that helped return Donald Trump to the White House — a sign of the possible political risk he’s taking with his tariff plans

U.S. consumer confidence fell for the fourth straight month as Americans’ anxiety about future expectations declined to a 12-year low amid rising concern over tariffs and inflation

Hollywood Casino has two upcoming job fairs as it expands staff for its future location in Joliet at Interstates 55 and 80.

The Fed also now expects the economy to grow more slowly this year and next than it did three months ago