US producer prices dip as energy and food continue to slide


By Kaitlin Schuler United States wholesale prices fell slightly in February, pulled down by lower energy and food costs, in a performance that suggests inflationary pressures remain under control. The producer price index dipped a seasonally adjusted 0.2 percent in February, according to the U.S. Bureau of Labor Statistics’ Tuesday report, matching economist expectations. The […]

Illinois pays Wall Street millions despite budget deadlock

By Harvard Zhang The state of Illinois should take legal action against bank holding companies to cancel investment deals that are costing the state $6 million every month while it skips social services payments amid its continuing budget impasse, according to a research report released Tuesday. Co-authors and supporters of the report, dubbed “Turned Around: […]

Fed rate hike spurs jump in mortgage applications

By Xiumei Dong Mortgage applications jumped last week, a trade group reported Wednesday, as consumers rushed to refinance their homes before interest rates move higher. For the week ending Jan. 8, total applications increased 21.3 percent from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association survey, reaching the second […]