How will OPEC+ cuts affect oil prices and inflation?
FRANKFORT, GERMANY — Major oil-producing countries, led by Saudi Arabia and Russia, have decided to drastically reduce the amount of oil they deliver to the world economy. And the law…
US consumers gain confidence as gas prices continue to fall
WASHINGTON — American consumers increased their confidence for the second month in a row as gasoline prices continued to fall. The Conference Board said Tuesday that its consumer confidence index…
St. Regis Tower condo sells for $20 million, one of the highest recorded home sales prices in Chicago history
A four-bedroom, 10,000-square-foot condo on the 71st floor of the Residences at the St. Regis Tower sold Wednesday for $20.56 million, one of the highest recorded sales prices of any…
Tips to alleviate 50% higher car rental prices
When budgeting for travel, don’t assume that lodging and airfare will be your biggest expense. Now, rental cars are shaping up to be one of the biggest — and stubbornly…
Winnetka mansion sells for $13 million, one of the highest home sales prices in the Chicago area this year
A seven-bedroom mansion on Lake Michigan in Winnetka sold Monday for $12.75 million, one of the highest sales prices for a Chicago-area home this year. Located on Sheridan Road and…
The US House of Representatives prepares to give Biden a new victory with a bill of $ 430 billion on climate and drug prices
By David Morgan WASHINGTON (Reuters) – The U.S. House of Representatives will vote on Friday on a $430 billion bill to combat climate change and lower prescription drug prices, in…
Chicagoans adjust their dining habits to lower food prices: ‘Life isn’t as comfortable as it used to be’
Michael Bacerott was thinking of going to Shake Shack for lunch on Wednesday. He decided to go to the McDonald’s at Lake and LaSalle streets for one simple reason: it’s…
Gas prices fall just below $4 for the first time in 5 months
Gasoline prices fell just below the $4 mark for the first time in more than five months, good news for consumers struggling with high prices for many other essentials. AAA…
Caterpillar Posts Strong 2nd Quarter Profit as Prices Increase
DEERFIELD, Ill. (AP) — Caterpillar had a strong second quarter, beating most earnings expectations as higher machine prices offset rising costs. The manufacturer posted a quarterly profit of $1.67 billion,…
Inflation and wage data suggest US prices will continue to rise
Inflation rose in June and average worker wages accelerated in the spring, signs that Americans likely won’t feel any relief from higher prices any time soon and the Federal Reserve…