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US stock indexes end mixed ahead of Fed chairman speech

A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Losses by health care, technology and energy companies, among other sectors, outweighed gains by banks, consumer goods makers and elsewhere in the market. Bond prices fell, nudging yields higher. Stocks gave up an early gain and then wavered through much of the day after a mixed batch of economic data coupled with remarks from two Federal Reserve bank presidents left investors less certain about the likelihood that the ...

Recession signs worry Trump ahead of 2020

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation’s strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won’t look so good come Election Day. The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. That’s on top of concerns over Trump’s plans to impose punishing tariffs on goods from China and word ...

US home building fell 4% in July, slowing housing market

WASHINGTON (AP) — The pace of U.S. home construction fell a sharp 4% in July despite strong demand from would-be buyers, held back by a shortage of skilled labor and affordable land. The Commerce Department said Friday that housing starts slipped last month to a seasonally adjusted annual rate of 1.19 million units. So far this year, housing starts have declined 3.1%. Though there was a slight 1.3% uptick in the construction of single-family homes last month, the gain was offset by a 17.2% plunge in the apartment category. The construction slowdown, which has persisted all year, is ...

US stocks end turbulent week with broad gains

You’re not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks around the world jumped Friday to cap another tumultuous week. Investors have been frantically trying to rejigger their predictions about whether President Donald Trump’s trade war and slowing economies around the world will drag the United States into a recession. In the U.S., the result ...

Business Briefs for Aug. 12

Anderson joins local office of Van der Hagen, Skogrand & Associates Lori Anderson has joined the Marshall financial practice of Corey J. Skogrand, CFP, ChFC, CLU a Private Wealth Advisor with Van der Hagen, Skogrand & Associates a private wealth advisory practice of Ameriprise Financial Services, Inc. as an administrative assistant. In this role, Anderson will support the practice with tasks that tie directly to their business plan, such as: answering phones and documenting client contacts, greeting clients upon arrival, and responding to client requests.

Branching out

MARSHALL — The Hair Lounge on College Drive in Marshall now has day hours. The addition of Cassandra Miller to the shop has enabled current stylists Dee French and Megan Renner to expand the business. The three, who are all from Marshall, do “color, cuts and waxing,” said ...