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Business Briefs for Nov. 4

Langseth new addition to Andrew Suby State Farm Andrew Suby State Farm welcomes Paris Langseth to its team. Langseth is licensed in property, casualty, and bank. She was born and raised in Rosemount. After living in Worthington for 10 years, she now lives in Marshall with her husband and four children.

‘Something new and exciting’ in Marshall

MARSHALL — Someday Marshall High School might have majorettes added to its marching band program. They might be among the four young girls who participated in Kayleigh Kontz’s inaugural twirling and dance class, which started Oct. 22. Kontz, a three-time world baton twirling champion, ...

Business Briefs for Oct. 14

Hoff of Balaton is one of 34 people selected for the statewide training for Partners in Policymaking Chosen from a statewide pool of applicants, Balaton resident Elizabeth Hoff has been accepted into the eight-month Minnesota Partners in Policymaking leadership training, which starts this fall. Participants include adults with disabilities and parents raising children with developmental disabilities. Hoff has two children with a progressive disorder, primarily affecting their skeletal system, vision and heart. It is a rare form of dwarfism. Both children have had multiple ...

Retiree checks to rise modestly amid push to expand benefit

WASHINGTON (AP) — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection. The increase amounts to $24 a month for the average retired worker, according to estimates released Thursday by the Social Security Administration. Following a significant boost this year, the cost-of-living adjustment, or COLA, for 2020 reverts to its pattern of moderate gains. But seniors and advocates complain that the inflation ...

Fed approves rules loosening Dodd-Frank bank restrictions

WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to loosen restrictions, particularly for smaller community banks, imposed by the Dodd-Frank Act passed in 2010. Trump has often criticized Dodd-Frank, which he says has hurt economic growth by making it harder for banks to lend. The Fed’s changes will ease requirements on banks for holding ...

Stocks climb for second straight day on US-China trade optimism

Stocks closed broadly higher on Wall Street for the second straight day Thursday as the U.S. and China kicked off a new round of negotiations in their long-running trade war. Technology companies and banks led the rally as investors turned hopeful that the 13th round of trade talks will bring both sides closer to ending the costly conflict between the world's two biggest economies. Traders were encouraged after President Donald Trump said he would meet with Chinese Vice Premier Liu He, who is leading Beijing's negotiating team, at the White House on Friday. He also said China wants ...