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Business

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 ...

US stock indexes continue to climb into record territory

NEW YORK (AP) — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial company stocks, which more than offset the drop in ...

Guacamole blues: Mexicans dismayed by avocado price climb

MEXICO CITY (AP) — Mexicans are dismayed by continued increases in the price for avocados, a staple of the country’s cuisine. And the situation has also led to outrage too, as recipes have begun popping up for so-called “mock guacamole” without avocados. “This really does hurt,” ...

Seeking the positive

MARSHALL — It all began with a school project. Eric Leach, Parker Terfehr, and Simon Zahrbock, recent graduates of Marshall High School, started TZ Clothing, a business and clothing line, in December. It started when Terfehr and Zahrbock worked on a school project involving the ...

Trump pick for Fed says she does not want to harm investors

WASHINGTON (AP) — Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, said on Friday she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview, Shelton sought to align her past criticism of the ...

Burned Jim Beam warehouse was insured

LOUISVILLE, Ky. (AP) — A Jim Beam storage warehouse that burned down, destroying 45,000 barrels of aging whiskey, was equipped with sprinklers and was insured, the company says. Meanwhile, the famed distiller is still assessing the loss of the bourbon. Remnants of the fire that erupted ...

US stocks cap milestone-setting week with modest losses

Bond yields rose and stocks mostly bounced back from an early slide to finish with modest losses Friday, a downbeat end on Wall Street to an otherwise milestone-setting week for the broader market. The small decline snapped a six-day winning streak for the S&P 500, though the benchmark ...