Business

US stocks end moderately higher; S&P 500 on 5-day win streak

Stocks recovered from a late-afternoon bout of selling on Wall Street to finish modestly higher Wednesday, giving the benchmark S&P 500 its fifth straight gain. Technology stocks powered much of the rally, led by chipmakers. Retailers, homebuilders and hotel operators were among the big ...

World trade forecasts slashed again amid US-China standoff

GENEVA (AP) — The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point, to 2.6%, due to an economic slowdown and amid a trade conflict between the United States and China. The downgrade — from 3.7% forecast issued in September — ...

US stock indexes cap listless trading day with mixed finish

A day of listless trading on Wall Street ended with an uneven finish for stock indexes as the market lost some of its momentum after a three-day winning streak. After a brief early slide, U.S. stocks mostly wavered between small gains and losses through the rest of the day, as gains for some ...

US construction spending up strong 1 percent in January

WASHINGTON (AP) — U.S. construction spending rose a solid 1 percent in February, led by a strong gain in spending on government projects, which hit an all-time high. The February increase followed an even larger 2.5 percent gain in January and a slight 0.2 percent rise in December, the ...

US stocks post solid finish on encouraging economic data

Stocks closed solidly higher on Wall Street Monday after a batch of encouraging global economic data kept investors in a buying mood. Financial and technology companies powered much of the rally, which extended the market's gains from last week, when the benchmark S&P 500 closed out its ...

Backdraft Cafe brings quality barbecue to Berthold

BERTHOLD — Two firefighters with a passion for barbecue have opened up shop in Berthold. Located at 213 Main Street North, co-owners Kalvin Myers and Kevin Archer are always serving up something good. The pair started catering unofficially for some friends and family, got into smoking full ...

Beuchler is senior vice president at Town & Country Credit Union

Fred Beuchler recently joined the Town & Country Credit Union team as the senior vice president, business lending. A Minot native, he started as a teller in the Fargo 25th Street location while he was attending college at NDSU pursuing a bachelor’s degree in ag economics with an emphasis ...

Two promoted within Dacotah Bank

Dawn Fitzgerald has been named the market president of Dacotah Bank in Rolla. She will assume management of the Rolla location, as well as continue her supervisory role in the lending department. She had previously held the position of business banker at the Rolla location. Fitzgerald has 25 ...

FUTURES FILE

Palladium’s swings leaves traders pale Last week, palladium prices rocketed to an all-time high near $1600 per ounce as global markets feared a shortage. The precious metal, which is used primarily in catalytic convertors to clean automobile exhaust, has been seeing rising demand due to ...

How your tax refund could improve your credit

Money can't buy you a good credit score, but you might be able to use your income tax refund strategically to polish your credit. How to go about it depends on where you are in your credit journey. IF YOU'RE NEW TO CREDIT If you're just starting out, you can use a tax refund to get a credit ...

US consumer spending edges up weak 0.1 percent in January

WASHINGTON (AP) — U.S. consumer spending edged up a tiny 0.1 percent in January, while incomes advanced a modest 0.2 percent in February, further evidence that economic activity may have decelerated after strong growth for most of last year. The Commerce Department said Friday that the weak ...

S&P 500 posts biggest quarterly gain in a decade; Lyft soars

Stocks finished broadly higher on Friday as Wall Street closed out the first quarter with the market's biggest gain in nearly a decade. The benchmark S&P 500 index is now up 13.1 percent this year, a drastic turnaround for stocks after a jarring 14 percent sell-off in the last three ...

Ride-hailing giants face bumpy road to profitability

NEW YORK (AP) — Ride-hailing giants Uber and Lyft have redefined what we expect from transportation, hooking customers on the immediacy of on-demand rides with a few clicks on a smartphone. But whether the companies can turn their popularity into profits is a question investors are asking ...

Rising bond yields, company earnings boost US stocks

Stocks finished broadly higher on Wall Street Thursday as bond yields rose, easing concerns about a troubling drop in long-term yields over the past week. Gains in financial, technology and industrial stocks outweighed losses in utilities and communications companies. Smaller company stocks ...

US trade gap falls 15 percent to $51.1 billion in January

WASHINGTON (AP) — The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Shipments of American goods to China skidded to the lowest level in more than eight years as the world's two biggest economies remained locked in a trade war. The Commerce ...

US stocks stumble, erasing some of the prior day’s gains

Technology and health care companies drove a broad slide in U.S. stocks Wednesday, erasing some of the market's solid gains from a day earlier. The sell-off put the Dow Jones Industrial Average on track to end the month with a loss and marked the second drop for the benchmark S&P 500 ...

US home price gains fall to lowest in more than 6 years

WASHINGTON (AP) — U.S. home prices rose at their slowest pace in more than six years in January, as higher mortgage rates last year weighed on sales. The S&P CoreLogic Case-Shiller 20-city home price index increased 3.6 percent in January from a year earlier. That's down from a 4.1 ...

US housing starts slumped 8.7 percent in February

WASHINGTON (AP) — The number of homes under construction fell 8.7 percent in February, as ground breakings for single-family houses plunged to their lowest level in nearly two years. The Commerce Department said that builders started construction at a seasonally adjusted annual rate of 1.16 ...

Banks, technology companies power a rebound for US stocks

Stocks finished broadly higher on Wall Street Tuesday, erasing the market's modest losses from a day earlier. Financial, technology and health care stocks accounted for much of the rally. Banks got a boost from rising bond yields, which let them charge higher rates on loans. Energy companies ...

Survey: Business economists see slowdown in growth this year

WASHINGTON (AP) — The nation's business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration's predictions that growth will accelerate this year and next. That finding comes from the latest survey by the National ...