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4 Results / Page 1 of 1

Business & Lifestyle

Dow stabilizes after worst sell-off since 2020

The Dow Jones Industrial Average closed up 30.12 Wednesday following the worst sell-off in two years. NEW YORK (UPI) -- U.S. stocks stabilized Wednesday right before the close in an up-and-down trading session following the biggest single-day sell-off in more than two years. After dropping more than 200 points during the final hour of trading, the Dow Jones Industrial Average finished the day up 30.12 to close at 31,135.09. The NASDAQ rose 0.7%, while the S&P 500 added 0.3%. Energy […]

September 14, 2022 4

Illinois

Illinois grocery tax suspended for one year

Illinois residents can say goodbye to grocery tax for a year starting July 1. The Public Act (P.A) 102-0700 will suspend the state's 1% low sales rate and use tax on retail sales of groceries typically taxed at this rate. The suspension will run through June 30, 2023. This public act information became available in April when Gov. J.B. Pritzker and other lawmakers made the reveal of the Illinois budget deal. So, expect residents' bills to stay the exact total as […]

June 12, 2022 6

Consumer Alerts

Can you manage with increasing living costs?

According to the most recent inflation statistics, rising living costs are spreading throughout the economy. This is putting a strain on the budgets of many Americans. According to the government's most recent Consumer Price Index (CPI) report, prices increased by 6.8% in November when compared to the same month the previous year. It marks the greatest inflation rate in over four decades. This is a significant increase over the 1.4 % average inflation rate seen last year when the COVID-19 […]

January 18, 2022 10

Business & Lifestyle

How will America’s increasing debt levels impact the price of Bitcoin?

Debt is often compared to being a double-edged sword. Countries can borrow money to stimulate growth and large internal projects, affording their citizens a better economy to accumulate wealth and a higher quality of living. However, this debt comes with interest, and many countries end up in a vicious cycle of borrowing or printing more money to pay off their debts. The more money a country borrows, the more it has to pay back in the future. This means future […]

January 31, 2020 6