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The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
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Dutch Bros Coffee, a West Coast drive-through chain popular with young people, will open this fall at the corner of Biesterfield and Meacham roads in Elk Grove Village.
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Starship Travel in South Elgin is celebrating its 40th anniversary with a travel expo at the Elgin Country Club Sunday.
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Candy Hall of Fame expected to open in summer 2027 on Chicago’s Magnificent Mile.
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Two senior executives at Paddock Publications Inc., publisher of the Daily Herald, are retiring after decades of service.
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The average long-term U.S. mortgage rate eased this week, a modest relief for prospective homebuyers who have been facing higher borrowing costs as mortgage rates climbed to the highest level in nearly seven months.
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A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs were elevated even before the conflict began.
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U.S. stocks rose Thursday, even though oil prices did too, as financial markets moved more modestly a day after surging on optimism about a ceasefire in the war with Iran.
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U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture.
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The economic fallout from the war with Iran is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring.
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