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Stocks Slump as Wall Street’s Big Rally Fades, Yields Rise
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Stocks Slump as Wall Street’s Big Rally Fades, Yields Rise

By DAMIAN J. TROISE and ALEX VEIGA, AP Business WritersStocks are down on Wall Street in afternoon trading Wednesday, giving back some of their big gains from earlier this week as rising bond yields amp up pressure on markets again.The S&P 500 fell 0.4% as of 1:53 p.m. Eastern. The benchmark index is coming off its best two-day rally since the spring of 2020.The Dow Jones Industrial Average fell 80 points, or 0.3%, to 30,237 and the Nasdaq fell 0.6%.The broader market is still bruised from its stumble in September, but investors have been hoping that signs of a softening economy may convince central banks to temper their aggressive interest rate hikes. Wall Street is also preparing for the next round of corporate earnings reports to get a better sense of how hard the hottest inflati...
2,554-Pound Pumpkin Carves Out New US Record
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2,554-Pound Pumpkin Carves Out New US Record

CLARENCE, N.Y. (AP) — A 2,554-pound pumpkin grown in upstate New York has set a new U.S. record for the heaviest.State and national records fell over the weekend at the Great Pumpkin Farm in the Buffalo suburb of Clarence, when Scott Andrusz's entry broke the previous national record of 2,528 pounds, The Buffalo News reported.The previous New York state record was 2,517 pounds, a news release said.The winning gourd will be on display at the Great Pumpkin Farm fall festival through Oct. 16.A grower in Italy holds the world record for heaviest pumpkin. He grew a 2,702-pound squash in 2021, according to Guinness World Records.Political CartoonsCopyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Source link ...
Sweden Sends Special Diving Vessel to Area of Pipeline Leaks
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Sweden Sends Special Diving Vessel to Area of Pipeline Leaks

By JAN M. OLSEN, Associated PressCOPENHAGEN, Denmark (AP) — Sweden has sent a vessel capable of “advanced diving missions” to the Baltic Sea area where ruptured undersea pipelines had leaked natural gas for days, the Swedish navy said Monday.Russian President Vladimir Putin on Friday accused the West of sabotaging Russia-built natural gas pipelines under the Baltic Sea to Germany, a charge vehemently denied by the United States and its allies, who noted that Russia has been blackmailing Europe with reduced gas supplies for months.Last week, undersea blasts damaged the Nord Stream 1 and 2 pipelines off southern Sweden and Denmark and have led to huge methane leaks, with those governments saying that several hundred pounds of explosives was involved. The emissions leaks occurred in intern...
A check on NH restaurants
Business

A check on NH restaurants

Fred Kocher, NH Business host NH Business: Checking in on New Hampshire's restaurants Restaurants across the country are struggling to deal with rising costs and a shortage of workers. Updated: 7:42 AM EDT Oct 2, 2022 Hide Transcript Show Transcript WELCOME TO NEW HAMPSHIRE BUSINESS. I’M FRANK COKE. I LOVE TO GO OUT TO NEW HAMPSHIRE RESTAURANTS, BUT RIGHT NOW NEW HAMPSHIRE RESTAURANTS ARE OPERATING WITH HIGHER COSTS. TROUBLE GETTING SOME EMPLOYEES AND WITH UNPAID FOOD SUPPLIES IN SOME CASES. SO THE NATIONAL REST...
US Shift Away From Coal Hits Tribal Community in New Mexico
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US Shift Away From Coal Hits Tribal Community in New Mexico

By SUSAN MONTOYA BRYAN, Associated PressKIRTLAND, N.M. (AP) — The clamor of second graders breaking away from lessons to form lunch lines has gotten quieter in a rural New Mexico community, where families losing coal jobs have been forced to pack up and leave in search of work.At Judy Nelson Elementary, 1 in 4 students have left in an exodus spurred by decisions made five years ago to shutter a coal-fired power plant and mine that sit just up the road from the school in a largely Navajo community. The plant and mine had provided electricity to millions of people across the southwestern U.S. for nearly a half-century.The San Juan Generating Station burned its last bit of coal Thursday. The remaining workers will spend the coming weeks draining water from the plant, removing chemicals and...
Chinese Billionaire Richard Liu Settles US Rape Allegation
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Chinese Billionaire Richard Liu Settles US Rape Allegation

By AMY FORLITI, Associated PressMINNEAPOLIS (AP) — Chinese billionaire and JD.com founder Richard Liu agreed to settle a lawsuit filed by a former University of Minnesota student who alleged he raped her in her Minneapolis apartment after a night of dinner and drinks with wealthy Chinese executives in 2018, attorneys for both sides announced late Saturday.A settlement amount was not disclosed.Richard Liu, who stepped down as the CEO of Beijing-based e-commerce company JD.com this year amid increased government scrutiny of China’s technology industry, has denied raping the woman, Jingyao Liu, and prosecutors never filed criminal charges. A joint statement from attorneys for both sides called the encounter “a misunderstanding.”“The incident between Ms. Jingyao Liu and Mr. Richard Liu in M...
Expense Checklist for an Advisory Firm’s First Year | Financial Advisors
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Expense Checklist for an Advisory Firm’s First Year | Financial Advisors

Many ingredients go into a financial advisory firm's recipe for success. And building an advisory firm from scratch goes far beyond a standard business plan. An outline of your goals will help direct your steps, but knowing the specific costs to expect will improve your success rate. Having a realistic view of what it takes to start an independent firm and make it through the first year in business should be a part of every business plan, regardless of your experience level. Remember that there are many business models financial advisors can ascribe to (joining another firm, etc.) and still be the boss. That said, here is a breakdown of the startup and first-year expenses of launching an independent firm. Whether you are a career changer starting a new firm, breaking away from a differe...
L.A. business owner returns to share story, advice to Washburn students
Business

L.A. business owner returns to share story, advice to Washburn students

TOPEKA, Kan. (WIBW) - A Los Angeles business owner returned to Kansas to share his success story with college students on Monday, September 26, at Washburn University.Washburn students heard from the co-owner of the Los Angeles skincare company “Mindi Walters Skincare” and Topeka native Christopher Szamosszegi.He currently lives in Los Angeles but, according to Szamosszegi, he was born in Topeka. Chris is also an enrolled member of the Prairie Band Potawatomi Nation.On Monday he spoke with some college students about his life in Kansas and the benefits of working in a diverse environment.“You’re learning from people with different experiences and background than you, which is only beneficial,” Szamosszegi said. “You are going to see something from a point of view you would not see. You ...
Bank of England Fails to Reassure Markets After Pound Plunge
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Bank of England Fails to Reassure Markets After Pound Plunge

By JILL LAWLESS and DANICA KIRKA, Associated PressLONDON (AP) — The Bank of England sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar Monday, but its entreaty fell flat for investors concerned about a sweeping package of tax cuts that further jolted a faltering economy that the government’s plan was meant to prop up.The central bank said it was “closely monitoring’’ the markets and would not hesitate to boost interest rates to curb inflation. Its statement came after the pound plunged as low as $1.0373, the lowest since the decimalization of the currency in 1971, on concerns that tax cuts announced Friday by Treasury chief Kwasi Kwarteng would swell government debt and fuel further inflation as the United Kingdom teeters toward ...