Business

Stocks, bond yields fall sharply as growth worries spread

Wall Street was roiled Friday by new signs that global economic growth is slowing. The jitters triggered a sell-off in stocks and sent bond yields sharply lower, flashing a possible recession warning. The wave of selling knocked 460 points off the Dow Jones Industrial Average and gave the ...

Consumers should soon see benefit of Fed’s patience on rates

NEW YORK (AP) — So much for those worries about rising interest rates. Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and 2018. This year, the Fed has changed ...

S&P 500 ends 2-day losing streak as tech leads stocks higher

Technology companies powered a broad rally for U.S. stocks Thursday, snapping the market's two-day losing streak. Apple and chipmakers led the wave of buying, helping to drive the technology sector to an overall gain of 2.5 percent. The sector is up 21.1 percent this year so far, well ahead ...

Minot Optimist Club donates to Magic City Discovery Center

The Optimist Club of Minot presented a donation of $10,000 to the Magic City Discovery Center on Wednesday. Through a variety of fundraising efforts the past two years, the Optimists have reached their goal to provide a substantial donation toward the future discovery center. “Our club’s ...

Federal Reserve foresees no interest rate hikes in 2019

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence ...

Fed news sends bond yields sharply lower; US stocks mixed

Banks led U.S. stocks mostly lower Wednesday after a brief rally sparked by the Federal Reserve's latest policy update faded. The real action centered in the bond market, where prices rose sharply, pulling Treasury yields down to the lowest levels they've seen in more than a year. The central ...

Three things to watch for from the Federal Reserve today

WASHINGTON (AP) — The Federal Reserve is considered sure to leave its key short-term interest rate unchanged Wednesday and to stress its new watchword — "patient"— in conveying its intention to leave rates alone for the foreseeable future. The Fed has made clear that with a dimmer ...

US stocks give up an early rally, ending winning streak

U.S. stock indexes closed mostly lower Tuesday after a late-afternoon splash of selling erased early gains, ending a weeklong rally. Banks accounted for much of the decline, along with utilities and industrial companies. Those losses offset gains in health care, technology and consumer ...

Style by the railroad

Two cousins from Surrey had a dream to open a boutique that offers fun, unique styles for women and men. Years later, Kari Keller and Nicki Head’s dream became a reality in February with the launch of Red Lotus Boutique in downtown Minot. At 115 First Ave. NE, the boutique is located in an ...

Red Lotus Boutique hosting Spring Boutique Mixer April 5

Constantly looking for ways to reach out to the community, Nicki Head and Kari Keller of Red Lotus Boutique in Minot have planned Boutique Mixers in the past to team up with local boutiques to set up one big pop up shop. Their Spring Boutique Mixer is coming up on April 5 at the Clarion Hotel ...

Ryan Family Dealerships donates $105,000 to Minot State Dome seating project

The Minot State University Development Foundation and Ryan Family Dealerships announced the donation of $105,000 to assist in the seating project and renovation of the Minot State Dome. Minot State and the MSU Development Foundation honored Ryan Family Dealerships at the University’s ...

Maddock, Dickinson named airports of the year

BISMARCK – The Maddock Municipal Airport received the 2018 General Aviation Airport of the Year award and the Dickinson Theodore Roosevelt Regional Airport received the 2018 Commercial Service Airport of the Year award at the Upper Midwest Aviation Symposium in Bismarck March 5. The awards ...

Visit Minot announces annual meeting

The Minot Convention and Visitors Bureau (Visit Minot) will host its 2019 Annual Meeting, April 25 at Clarion Hotel & Convention Center. The 2018 Visit Minot Annual Report will be provided. The luncheon, will feature Greg Tehven, executive director and co-founder of Emerging Prairie of ...

Government Procurement Fair in Minot set for March 27

The 7th annual Government Procurement Fair, an event on selling products and services to the government, will be held March 27 at the Minot Armed Forces Reserve Center. The fair is an opportunity for small businesses, contractors and resource partners to learn about the special programs ...

FUTURES FILE

Floods across Corn Belt A massive storm swept from Colorado into the Midwest, bringing hurricane-strength winds and blizzard conditions to the western half of the Corn Belt. As the storm moved east, the snow shifted to rain, bringing floods as water overwhelmed frozen fields and ...

Labor Department issues proposed regulations on overtime

NEW YORK (AP) — The Labor Department has issued its long-awaited proposed regulations on overtime. The proposal would raise the pay threshold at which workers would be exempt from overtime to $35,308 from the current $23,660. The proposed rules, which the department says would make more ...

US stock indexes end mostly lower, end 3-day winning streak

U.S. stocks indexes barely budged Thursday as the market's three-day winning streak stalled. The benchmark S&P 500 index finished essentially flat as losses in communications, industrial and health care stocks outweighed gains in financial and technology companies. Several retailers and ...

Vulnerable to attack: Businesses should boost cyber defenses

NEW YORK (AP) — When cyberthieves attacked Empire Industries' computer network, technology manager Rich Shemanskis could see files in the process of being infected by malicious software. "We were looking at the network, and I noticed it, and another guy noticed it. We're looking at the ...

CEO of troubled Wells Fargo says bank is stronger

WASHINGTON (AP) — The CEO of beleaguered Wells Fargo told Congress Tuesday that the bank has cleaned up its act after a series of scandals that affected millions of customers. But Democrats — and some Republicans — on the House Financial Services Committee didn't seem to be buying ...