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Business

Dow surges 326 points on hopes for US-China trade talks

Stocks finished with broad gains on Wall Street Thursday, driving the Dow Jones Industrial Average more than 300 points higher. The buying spree gave the market its second straight gain after a wobbly start to the week. The S&P 500 is now on track for its first weekly gain in five ...

Thanks to consumers, economy is rising steadily if slowly

WASHINGTON (AP) — The U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. Yet the main driver of growth — consumer spending — remains vigorous enough to keep the economy growing steadily if still modestly. Spending by households, which ...

Business Briefs for Aug. 26

Avera Marshall announces new board member Avera Marshall Regional Medical Center welcomes Stephen Crim to its board of directors. Crim is the director of operational strategy for Avera@Home. Prior to joining Avera, he spent 32 years working with Morrell/Smithfield Foods in Sioux Falls. He ...

This means trade war: Is Trump’s economic team up for it?

WASHINGTON (AP) — Facing a trade war against China that has shaken the global economy, President Donald Trump gathered his most trusted economic aides in the Oval Office. The assembled brain trust for Friday’s urgent consultations included an economics chief best known for his stint as a ...

US stocks tumble as US-China trade war rattles investors

The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss. Stocks tumbled after President Donald Trump responded ...

Walmart to revamp, reopen El Paso store after mass shooting

EL PASO, Texas (AP) — Walmart plans to reopen the El Paso store where 22 people were killed in a shooting earlier this month, the retail giant said Thursday, but the entire interior of the building will first be rebuilt. The renovated store will include an on-site memorial honoring the ...

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 ...