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Business

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 ...

Trump promises order aimed at lower prescription drug prices

WASHINGTON (AP) — President Donald Trump is promising an executive order that he says is intended to enable the U.S. government to pay lower prices for prescription drugs. Trump says his administration soon would announce a “favored-nations clause,” where the amount paid by the ...

US adds 224,000 jobs, making Fed rate cut less certain

WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal ...

Business Briefs for July 1

Bjorlie hired at Avera Marshall Big Stone Therapies Jessica Bjorlie has been hired at Avera Marshall Big Stone Therapies as a clinician. She has a bachelor of science degree in athletic training from the University of North Dakota. She is married to Dan Bjorlie and lives in Benson. Bursch ...

New business on the block

MARSHALL — Sarah Kesteloot’s goal to have her own retail business ties in perfectly with the expansion of business activity on North Third Street in downtown Marshall. Kesteloot opened Rustic Hideaway Boutique June 1 as the latest of several successful neighboring business startups in the ...

Help people ‘keep moving’

MARSHALL — Like a lot of Minnesotans, last winter Stephen Browne found himself to be pretty much a couch potato. “When I wasn’t sitting down I was lying down,” he said. In his late 60s, he began to feel like he was starting to “rust.” He was feeling achy in his hips and ...

Arizona fire highlights challenges for energy storage

PHOENIX (AP) — Arizona’s largest electric company installed massive batteries near neighborhoods with a large number of solar panels, hoping to capture some of the energy from the afternoon sun to use after dark. Arizona Public Service has been an early adopter of battery storage ...

Ameriprise Financial advisers volunteer to deliver Meals on Wheels

Ameriprise Financial advisers in Marshall took part in the company’s nationwide volunteer effort the help feed hungry families and individuals in partnership with Feeding America. Together, eight volunteers from Van der Hagen, Skogrand & Associates worked at Marshall Adult Community ...

North Star announces two promotions

Cory Hubbard has been promoted to department manager of the Farm Underwriting department. He has worked for North Star since July of 2004 and previously held the position of assistant department manager of the Farm Underwriting department. Zach Pringle has been promoted to assistant manager ...

Average US price of gas drops 11 cents per gallon to $2.73

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline dropped 11 cents per gallon (3.8 liters) over the past two weeks, to $2.73. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that lower crude oil prices contributed to the drop at the pump. Oil ...

Minn. added to suit to stop Sprint-T-Mobile deal

NEW YORK (AP) — Hawaii, Massachusetts, Minnesota and Nevada are joining the legal fight against T-Mobile’s $26.5 billion bid for Sprint in a case that lawyers on both sides say they hope will reach trial in October. Beau Buffier, a lawyer for New York state's attorney general, told a ...

S&P 500 notches 3rd straight weekly gain after wobbly day

Wall Street finished a milestone-setting week on a downbeat note Friday after a late flurry of selling nudged stocks lower, ending the market's four-day winning streak. Even with the modest losses the market delivered its third straight weekly gain, with the benchmark S&P 500 index ...

Fed: Largest banks would survive crisis, in latest tests

NEW YORK (AP) — All 18 of the nation’s largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday. The results are from the first round of the central bank’s annual ...

US stocks climb, sending S&P 500 index toward a new high

Stocks marched broadly higher on Wall Street Thursday afternoon, placing the S&P 500 on track to close at an all-time high. The benchmark index was slightly above the record close it reached April 30. The rally came as investors balanced optimism over the possibility that the Federal ...