Economy

Economy

N-G Exclusive | Amazon commits $1 million for academic 'redshirt' program

URBANA — Amazon is committing $1 million over five years to support an academic "redshirt" program for University of Illinois students in science and engineering.

Industrial production rises 0.4% in August

WASHINGTON (AP) — U.S. industrial production rose by a healthy 0.4 percent in August, boosted by gains in the production of autos, oil and natural gas.

Retail sales up just 0.1% after previous strong gain

WASHINGTON (AP) — U.S. retail sales barely rose in August as consumers slowed their spending after a robust month of shopping in July.

Trump scoffs at 'nervous mess' Dimon

WASHINGTON (AP) — The nation's top elected leader and its most powerful banker are fighting over who is smarter.

Really.

President Donald Trump early Thursday scoffed at JPMorgan Chase CEO Jamie Dimon's claim that he could "beat" Trump and is just as tough and smarter than the president.

Consumer prices rose an annual 2.7% in August

WASHINGTON (AP) — Consumer prices rose 2.7 percent in August from a year earlier, with higher housing and gasoline costs driving most of the increase.

The Labor Department said Thursday that the consumer price index advanced 0.2 percent on a monthly basis. Despite the monthly gain, annual inflation softened from the 2.9 percent pace set during the 12 months ended in July.

Entertainment listings, Sept. 13-20, 2018

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VERMILION RIVER FALL FESTIVAL AND FARMERS MARKET

Auction of Peoria hotel properties draws no bidders

PEORIA (AP) — A bankruptcy auction of two Peoria hotels was called off after the effort attracted no bidders.

As a result of Tuesday's action, the Marriott Pere Marquette and the adjoining Courtyard by Marriott will be acquired by the union pension fund that provided the hotels' financing.

AP Fact Check: Obama doesn't always tell straight story

EDITOR'S NOTE — A look at the veracity of claims by political figures.

As job openings rise, so does quitting

WASHINGTON (AP) — U.S. employers advertised the most jobs on record in July, and the number of workers quitting their jobs also hit a new all-time high.

Americans are increasingly taking advantage of a tight labor market to find new, often higher-paying jobs. That could help push up wages broadly across the economy.

AP Fact Check: White House's selective reading on economy

EDITOR'S NOTE — A look at the veracity of claims by political figures.

WASHINGTON (AP) — President Donald Trump pitched a wildly off-base claim about economic growth Monday as the White House used selective statistics to build a case that the economy is doing much better than when Barack Obama was in office.