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FUTURES FILE

Follow through for bonds and stocks U.S. Treasury bonds made new lows for the year again this past week with the 30-year U.S. T-bond sinking to 108.9 and the 10-year T-note hitting 106.11, levels not seen since August of 2007. Stock Indices were lower this past week as well but managed a sizable bounce back to close the week on Friday. News of more labor openings than expected, and an additional 336,000 jobs added in September fueled the thoughts of more inflation and a Fed that will have to hike rates again. The old “Good news is bad news trade” isn’t a new phenomenon. ...

Minneapolis Federal Reserve president to speak in Minot

Minot State University will host the Minot Area Chamber EDC’s town hall with Federal Reserve Bank of Minneapolis President Neel Kashkari. The event will be held in Ann Nicole Nelson Hall on the MSU campus on Tuesday, Oct. 10, at 2 p.m. and is free and open to the public. “It is a ...

Credit union awards small business grants

In a commitment to foster local economic development and support small businesses, Town & Country Credit Union awarded $10,000 in its 2023 Small Business Grants program. Four companies were selected to each receive a $2,500 grant that will allow them to positively impact their staff and customers and continue making valuable contributions to the community. Recipients are: – Active Minds Academy, Fargo, a childcare center with a focus on early education and quality learning experiences to shape future leaders. – Chaos Games, Minot, a game store that has fostered a sense of ...

EDND elects board, officers

BISMARCK – The Economic Development Association of North Dakota (EDND) elected its 2023-2025 board of directors and officer team during its Sept. 13 Annual Membership Meeting in Bowman. Brad Barth, a prominent figure in the Forward Devils Lake organization, will serve as the association president for the next two years. EDND also voted in Vice President Melissa Beach, Casselton Economic Development; Treasurer Nathan Schneider, Bismarck Mandan Chamber EDC; and Past President Teran Doerr, Bowman County Economic Development, to fill the slate of officers. Elected to the board of ...

FUTURES FILE

Jobs added for August, revised lower for June-July Employers added 187,000 jobs in August, according to the U.S. Bureau of Labor Statistics. This beat estimates of 170,000 that economists had going into the report by a small margin. However, the July jobs estimate was reduced by 30,000, taking it down to 157,000, and the June estimate was reduced by 80,000, to 105,000, making it the smallest monthly gain since December 2020. This is after the June number, which was originally reported to be 209,000 jobs, was reduced by 24,000 last month, making for a total revision-lower of ...

Gate City Bank celebrates a Day of Giving

In conjunction with the bank’s 100th anniversary, Gate City Bank celebrated a Day of Giving by making donations and acts of kindness in the Minot community. Members of the Gate City Bank lending team assisted the efforts of The Title Team and the Minot Board of Realtors by providing ...