“Volatile” is the word many are using to describe the economy these days. How should you react to the ups and downs of the market?

“We respectfully urge you to cast aside any efforts to codify the invalidated levies struck down by the Supreme Court and instead enact meaningful statutory constraints on presidential tariff power that allow for appropriate congressional review,” the letter reads.

The national average gas price was $3.48 a gallon on Monday, up from $2.90 a month ago, before the war, according to tracking by AAA.

Iran named the hard-line Ayatollah Mojtaba Khamenei to succeed his late father as supreme leader on Monday, signaling no letup in the war launched by the United States and Israel. 

Oil prices climbed, and stock markets slipped Monday as investors and households got the first chance to see what the war in the Middle East could mean for their finances.

“It’s only gotten more complicated for everybody,’’ said trade lawyer Ryan Majerus, partner at King & Spalding and a former U.S. trade official.

 The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda.

The lack of fixed guidance at the state and federal levels on how to address the scarcity of new pennies has left some businesses at a loss.

The tariffs case took on added urgency because the consequences of the Trump administration’s policy were playing out in real time.

White House Press Secretary Karoline Leavitt said the president has “an expectation” that credit card companies will accede to his demand that they cap interest rates on credit cards at 10% for one year.

The chain, with U.S. operations based outside of Chicago, went on an expansion tear soon after inflation began to spike in 2021 and opened a record number of new stores last year.

The November job gains were higher than the 40,000 economists had forecast. The October job losses were caused by a 162,000 drop in federal workers, many of whom resigned at the end of fiscal year 2025 on Sept. 30 under pressure from billionaire Elon Musk’s purge of U.S. government payrolls.

Jerry Costello II, director of the Illinois Department of Agriculture, said the money being offered is not nearly enough to make up for the losses farmers are suffering.

The number of fundraisers started to help cover essential expenses such as rent, utilities and groceries jumped 20%, according to the company’s 2025 review, after already quadrupling last year. “Monthly bills” were the second fastest-growing category behind individual support for nonprofits.

The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months.

The three top Democrats vying to become the party’s nominee for U.S. senator in Illinois have released proposals detailing how they plan to make life more affordable for Americans.