Economy

Economy

Consumer prices edged up 0.1% in May

WASHINGTON (AP) — U.S. consumer prices increased a slight 0.1% in May, as inflation was tempered by lower costs for gasoline, electricity and used cars.

The Labor Department said Wednesday that the consumer price index rose 1.8% during the past year. Excluding the volatile food and energy categories, core prices rose 0.1% in May and 2% from a year ago.

Presence challenging delay on its property-tax suit until Carle decision reached

URBANA — The former owner of OSF Heart of Mary Medical Center wants to move ahead on its 4-year-old legal dispute over property taxes.

County taxing authorities are seeking a delay in that lawsuit, originally filed in 2015, until after a decision is reached on a separate lawsuit concerning property taxes paid by Carle Foundation Hospital.

Private equity firm buying Shutterfly

SAN FRANCISCO (AP) — Private equity firm Apollo Global Management is buying online photo publishing company Shutterfly for $51 per share.

Facebook building massive solar farm in Texas

ALBUQUERQUE, N.M. (AP) — Facebook is building a massive solar farm in West Texas that's believed to be one of the largest solar projects in the nation and the social media giant's first direct investment in renewable energy.

Home projects suffer from worker shortage

FORT COLLINS, Colo. (AP) — Lynn Osborne has been remodeling two homes. They are different styles, in different states, with different contractors. But there has been one constant: delays due to a shortage of skilled labor.

China mum on Trump-Xi meeting as Huawei says sales slowing

SHANGHAI (AP) — Attention is turning to a possible meeting of President Donald Trump with Chinese leader Xi Jinping at a summit in Japan later this month as the next step in the vexing trade standoff between the two biggest economies.

The Chinese government would not confirm Tuesday that such a meeting will take place.

Trump says Fed's independence hurts him in trade war with China

WASHINGTON (AP) — President Donald Trump complained Monday that Chinese President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China's central bank while Trump must deal with a Federal Reserve.

Jim Dey | Fair or foul? Campaigns fight for public opinion

My message is better than your message!

Is not!

Is too!

Want to fight about it?

It's not quite that simple. But, in essence, that sort of exchange is what political campaigns are all about.

Two candidates present competing messages to the voters, who choose the one they like best.

Seniors more likely to work longer in big metro areas

CHICAGO (AP) — Seniors in major metropolitan areas, especially in the Northeast and around Washington, D.C., are more likely to continue working past age 65 than those in other areas around the country, according to an analysis of Census data by The Associated Press-NORC Center for Public Affairs Research.

Trump threatens tariffs if China's Xi doesn't meet with him

WASHINGTON (AP) — President Donald Trump says if Chinese President Xi Jinping doesn't meet with him at the upcoming Group of 20 summit in Osaka, Japan, this month, additional tariffs will go into effect.But Trump says he expects Xi to attend.

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