Business

Stocks plunge again; Dow’s two-day loss reaches 1,300 points

NEW YORK (AP) — U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions that could slow economic growth. The Dow Jones Industrial Average fell 545 points after dropping 831 points ...

Trump steps up his attacks on Federal Reserve’s rate hikes

WASHINGTON (AP) — President Donald Trump on Thursday escalated his attack on the Federal Reserve’s interest rate increases, asserting that “the Fed is out of control” and blaming it for this week’s plunge in stock prices. “It’s a correction that I think is caused by the Federal ...

Risk of streaming fatigue as Walmart, AT&T, Disney join fray

NEW YORK (AP) — As Walmart, AT&T and Disney join stalwarts such as Netflix in streaming video and creating original shows, a reality sets in: Not all will survive. Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart's video-on-demand ...

Business Briefs for Oct. 8

Myers joins Carris Health Clinic-Marshall Carris Health welcomes Kasey Myers, DNP, FNP-C, to its medical team in Marshall. Myers will be serving patients in a shared practice model seeing patients with Dr. Tim Michaels and Dr. Bill Kremer beginning in mid-October. Myers received her ...

US jobless rate lowest since 1969

WASHINGTON (AP) — The U.S. unemployment rate fell in September to 3.7 percent, the lowest since 1969, when young men were being drafted to fight in Vietnam and the American auto industry and the space program were going full blast. The Labor Department reported Friday that the rate edged ...

Stocks sink again as job gains send bond yields higher

NEW YORK (AP) — U.S. stock and bond prices fell again Friday after the Labor Department said the economy continues to add jobs at a strong pace, and investors worried about a three-day surge in yields. The Department of Labor said employers added significantly more jobs in July and August ...

Telsa faces reckoning with CEO Elon Musks job in jeopardy

SAN FRANCISCO (AP) — The very attributes that have fueled a mania around Elon Musk — his vision, brash personality and willingness to take risks — could prove to be his downfall. The Tesla CEO who made his fortune and his renegade-genius reputation by bursting through the barriers of ...

Stocks close out best quarter in five years on a quiet note

NEW YORK (AP) — U.S. stocks ended back where they started Friday as the stock market wrapped up its best quarter in almost five years. Electric car maker Tesla plunged after federal regulators moved to oust CEO Elon Musk following his tweet last month saying that he was close to a deal to ...

Facebook says 50M user accounts affected by security breach

NEW YORK (AP) — Facebook reported a major security breach in which 50 million user accounts were accessed by unknown attackers. The attackers gained the ability to “seize control” of those user accounts, Facebook said, by stealing digital keys the company users to keep users logged in. ...

Economy surviving rising oil prices

DALLAS (AP) — America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating ...

Dow hits another all-time high on mixed day for stocks

Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average. An afternoon sell-off erased modest gains for the S&P 500 that had the benchmark index on track to eke out ...

Business Briefs for Sept. 17

Carris Health Marshall welcomes pediatric nurse practitioner Carris Health Clinic (formerly ACMC-Marshall) announced the addition of Pediatric Nurse Practitioner, Amanda Kohls, to its medical team. Kohls will join Dr. Atul Mishra and Dr. Tim Michals in the Marshall clinic in October Kohls ...

Making room for development

TRACY — Tracy’s Economic Development Authority Jeff Carpenter announced at the Aug. 27 council meeting that the EDA was offering a $5,000 reward to anyone referring a new business owner to the city for development of a new business in town. “The new businesses have to meet reward ...

Knutson graduates from leadership program

CLARKFIELD – Tyler Knutson, Technical Director of the Yellow Medicine Soil and Water Conservation District, successfully completed a one-year leadership development program sponsored by the Minnesota Association of Soil and Water Conservation Districts (MASWCD). Knutson says he has already ...

Avera Research Receives $17.1 Million National Institutes of Health Grant

The Avera Research Institute’s Center for Pediatric and Community Research has been awarded a $17.1 million grant through the National Institutes of Health for its work on a children’s health study called the ECHO Program. The grant’s total, presented over five years, represents the ...

Fantasy sports site DraftKings files lawsuit over attack

BOSTON (AP) — Daily fantasy sports giant DraftKings says it was attacked last month with a denial of service that prevented customers from using its website for a short time. A federal judge in Massachusetts issued an order Friday allowing the company to seek the identities of those who ...

Restaurant company building new corporate HQ in Georgia

ATLANTA (AP) — The corporate parent of restaurant franchises including Arby’s and Buffalo Wild Wings is building a new headquarters in a suburb of Atlanta. Gov. Nathan Deal’s office said Atlanta-based Inspire Brands plans to invest $32 million in a new corporate hub in Sandy Springs. ...

‘Crazy Rich Asians’ banks another crazy rich weekend

LOS ANGELES (AP) — “razy Rich Asians” isn’t slowing down at the box office even in its third weekend in theaters, and is helping to send a strong summer moviegoing season off on a high note. Studios on Sunday say the romantic comedy has topped the domestic charts again. Warner Bros. ...

Russians rally to stop increase of pension eligibility age

MOSCOW (AP) — Russians held rallies throughout the country Sunday to protest a government plan to raise the age for receiving state pensions. Several thousand people gathered in central Moscow for a protest organized by the Communist Party. Another Moscow protest organized by the A Just ...

UK prime minister says no, again, to second Brexit vote

LONDON (AP) — Britain’s prime minister has again spoken out against calls for a second referendum on Britain’s decision to split with the European Union. Theresa May wrote in the Sunday Telegraph that it would be a “gross betrayal of our democracy” to have another vote. She said ...