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Business

Trump, G-7 leaders to open summit focused on economy

WASHINGTON (AP) — President Donald Trump and other leaders of the world's most industrialized nations will open their annual G-7 summit over the weekend by discussing the global economy. White House officials said Thursday that the session was added to Sunday’s schedule at the last minute ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Documents: Plant owners ‘willfully’ used ineligible workers

JACKSON, Miss. (AP) — Six of seven Mississippi chicken processing plants raided Wednesday were “willfully and unlawfully” employing people who lacked authorization to work in the United States, including workers wearing electronic monitoring bracelets at work for previous immigration ...

Stocks fall again on trade-war worries, capping a wild week

NEW YORK (AP) — Stocks stumbled Friday as worries flared yet again that President Donald Trump’s trade war with China may be worsening. It was a fitting end to a wild week where markets zoomed down, up and down again as investors recalibrated by the minute how much the tensions will hurt ...

Business Briefs for Aug. 5

Hoffman & Brobst add two to staff Hoffman & Brobst, Certified Public Accountants, announce the additions of Amy Denson and Kirsti Bakker to the professional staff of its firm. Denson has an associate’s degree in accounting from Minnesota West. She has accounting experience in ...

July jobs report shows solid gains amid trade frictions

WASHINGTON (AP) — U.S. employers slowed their hiring in July but still added a solid 164,000 jobs to an economy that appears poised to extend its decade-long expansion. The unemployment rate remained at 3.7% for a second straight month, the government said Friday. Average hourly earnings ...

How Trump’s latest China tariffs could squeeze US consumers

WASHINGTON (AP) — The latest tariffs President Donald Trump plans to impose on Chinese goods would cost U.S. households an average of $200 a year, some economists estimate, and would start to bite consumers and retailers just as the holiday shopping season begins. That cost would come on ...

S&P 500 posts its worst week of 2019 as trade tensions flare

Investors rattled by President Donald Trump’s latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses marked the fifth straight drop for the S&P 500 and the worst week of the year for the market just seven days after the ...

Taking on a challenge

TYLER — It’s deja vu all over again. Tyler used to have a coffee shop in town, Break Time, but it closed a number of years ago. Now there will be another place to enjoy a cup of freshly-brewed java on main street, Deja Brew, which had its grand opening July 22. The new business is located ...

US economy slows to 2.1% growth rate in 2nd quater

WASHINGTON (AP) — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the ...

US economy slows to 2.1% growth rate in 2nd quarter

NEW YORK (AP) — U.S. stocks pushed to record heights Friday following strong profit reports from Google’s parent company, Twitter and other big corporations. Companies are nearly midway through earnings reporting season, and results have generally been better than the dismal expectations ...

Getting to know Marshall — one hot dog at a time

MARSHALL — The Frankie’s Hot Dogs cart was a big hit Thursday at Marshall Crazy Days. People were lined up to get a hot dog, chips and a soda in-between hunting for bargains. “This is our first event,” said Chad Kisner, who co-owns Frankie’s Hot Dogs with his wife, Sarah ...

Court upholds Trump move to drop mine pollution rule

BILLINGS, Mont. (AP) — A U.S. appeals court panel sided with the Trump administration Friday in a mining pollution dispute, ruling that state and federal programs already in place ensure that companies take financial responsibility for future cleanups. The ruling came after the ...

Reined-in rate-cut expectations, Iran tensions hit S&P 500

NEW YORK (AP) — U.S. stocks pulled further back from their records on Friday to cap the weakest week for the S&P 500 since May. Indexes sloshed between small gains and losses for much of the day before turning lower in the afternoon after Iran said it seized a British oil tanker, the ...

Penney: We haven’t hired advisers for in-court restructuring

NEW YORK (AP) — J.C. Penney, looking to soothe rattled investors, said Friday it hasn’t hired any advisers to prepare for an in-court restructuring or bankruptcy. The company’s statement came after a report said Penney was hiring experts to help restructure its debt. Reuters reported ...