News

US stocks slip after the Fed hikes interest rates and hints more increases may be on the way

NEW YORK — U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation's high inflation under control. The S&P 500 fell 0.4% after giving up a modest gain from earlier in the day. The Dow Jones Industrial Average dropped 631 points, or 1.2%, and the Nasdaq composite was nearly unchanged after edging down by less than 0.1%. Investors generally prefer lower interest rates because higher rates slow the economy's growth and undercut prices for stocks and other ...

Crime

MARSHALL — A Tracy woman, 58, was cited for failure to display current vehicle registration, in a traffic stop at 10:31 p.m. Tuesday on the 300 block of U.S. Highway 59, Marshall Police said. COTTONWOOD — A Willmar man, 19, was cited for speeding at 7:18 p.m. Tuesday at the intersection of Minnesota Highway 23 and Lyon County Road 24, the Lyon County Sheriff’s Office said. MARSHALL — A report is pending on an incident at 1:56 p.m. Tuesday on the 100 block of Parkview Drive, Marshall Police said. MARSHALL — A report is pending on fraud at 1:07 p.m. Tuesday on the ...

Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July

NEW YORK — Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot. Retail sales rebounded at a better-than-expected 1.2% increase last month after recording a revised 0.5% dip in July, according to Commerce Department data released Wednesday. Economists were anticipating a 0.7% gain for the month, according to FactSet. The decline in July was notable because there had been few signs of fatigue from U.S. consumers. Americans spent heavily during the World Cup and Amazon ...

Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cut

WASHINGTON — The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House. The quarter-point increase lifts the Fed's key rate to about 3.9% and, ...

‘We’re all just neighbors’

MARSHALL — Mankato resident Ahmed Rasheed was in Marshall Monday visiting family and decided to take his first-grade sister to Justice Park to give his parents a break. Madelaine Elling wanted to honor a friend who recently died by creating chalk art on a sidewalk. Yasmin Osman and Adya ...

Welcoming Week block party fun