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Working Lunch Tuesday, December 3, 2024 | | |
| | | | | It's lunchtime, Chicago. With incoming President Donald Trump promising to impose tariffs on imported goods, economists say shoppers soon might be looking at higher prices on big-ticket items. But Abt Electronics co-owner John Abt said he’s seeing a bump in holiday shopping because of sales, not the threat of tariffs. Abt said customers at his Glenview store have asked about tariffs, but it’s too early to tell what will be taxed and what effects it would have. Also, how much of the tariff sellers pass to consumers depends on the extent to which their products can be replaced by competitors. Meanwhile, as charities in Chicago and beyond hope for a windfall on Giving Tuesday, a global day of charitable giving that takes place on the Tuesday after Thanksgiving, local authorities are urging donors to take steps to ensure their money is going to legitimate change-making organizations. Read that story and more in today's Working Lunch. Get news alerts | Top business stories | Real estate | | | | For all the outrage Americans voiced over inflation recently, many high-end shoppers said they weren’t overly concerned about price hikes due to tariffs. | | | | | Cases of charity fraud tend to increase in Illinois during the holiday season and the end-of-year rush of donations to qualify for tax deductions, according to watchdog organizations. | | | | | Renewable energy operates in a use-it-or-lose-it fashion that can’t satisfy society’s demand. U. of C. researcher targets sodium-ion batteries. | | | | | Christopher Waller said he is confident that inflation is headed lower and that the central bank will likely keep reducing its key rate, which affects many consumer and business loans. | | | | | Williams and his wife had owned the condo in the One Museum Park West building since 2014. | | | |
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