Chairman Jerome Powell didn’t explicitly say what the Federal Reserve would do. But expectations are rising that the Fed will cut rates at least once and possibly two or more times before year’s end, in part because of the consequences of the trade war.
Economy
May 17, 2019 |
Deere cut its profit and sales expectations for the year as a trade war between the U.S. and China escalates and farmers try to recover from a planting season besieged by heavy rains.
May 14, 2019 |
A new poll finds the majority of millennials – those born between 1980 and 2000 – are hopeful about their economic future, even though only one-third have career jobs.
May 1, 2019 |
McDonald’s turned to a sure thing in the first quarter, bacon, and it paid off. Global sales rose 5.4% at stores open at least a year, a key metric of a retailer’s health.
Apr 30, 2019 |
If you’re expecting to receive Social Security benefits, brace yourself. Costs for Social Security are projected to exceed the program’s income next year, which means beneficiaries may not get all that’s been promised to them.
Apr 19, 2019 |
The grounding of its Boeing 737 Max jets is causing United Airlines to trim growth plans for this year, and the carrier expects to discuss potential compensation with Boeing.
Apr 8, 2019 |
With Gov. J.B. Pritzker seeking a state graduated income tax and Mayor-elect Lori Lightfoot rethinking tax subsidies for controversial city projects, two economists offer their take on the local and national economy.
Apr 3, 2019 |
Walgreens slashed its 2019 forecast and missed second-quarter expectations with a performance that sent its shares plunging Tuesday and helped knock down the Dow Jones Industrial Average.
Mar 5, 2019 |
Last month, the big-box store announced a second round of cuts as it phases out store greeters in favor of a more demanding customer host role. A local disability advocate calls the move “shortsighted.”
Jan 30, 2019 |
Boeing reported annual revenue of more than $100 billion for the first time and shares soared after the company easily beat Wall Street’s profit and sales expectations for the fourth quarter.
Jan 30, 2019 |
The world’s biggest hamburger chain said sales rose 4.4 percent at established locations in the fourth quarter and 4.5 percent for the year.
Jan 28, 2019 |
Monday marks the start of income tax filing season. Learn about what’s different this year in the wake of new tax laws.
Jan 28, 2019 |
Caterpillar fell well short of fourth-quarter profit expectations and the machine maker said that sales have begun to slow in China. Shares tumbled 10 percent at the opening bell Monday, the worst sell-off in more than seven years.
Jan 24, 2019 |
Federal workers are feeling the effects of the government shutdown, but what about everyone else? Local economists weigh in on that and the economic forecast for 2019.
Jan 23, 2019 |
The city treasurer teams up with a national nonprofit to expand financial empowerment centers in Chicago neighborhoods.
Jan 17, 2019 |
The governor’s third executive order requires a review of emerging industries so that state money for workforce training can be best used.
