Category: Market

East Stroudsburg, PENNSYLVANIA – A generational decline in volunteerism has brought about a public safety crisis in Pennsylvania, with the number of volunteer firefighters reaching startling lows. More than 90 percent of the state’s fire companies are volunteer, and since the 1970s the number of volunteer firefighters has declined by 88 percent. What’s more, state officials […]

General Motors will begin laying off 4,000 salaried workers on Monday, according to CNN. GM said in November that it would eliminate 15 percent of its corporate workers and 25 percent of its executives and close as many as four manufacturing plants in the United States. The layoffs come as the company is trying to […]

The economy added 304,000 jobs in January, according to data released Friday by the Bureau of Labor Statistics — far more than the 165,000 that economists had predicted. The surge in hiring comes despite the longest government shutdown in U.S. history, mounting concern about a global economic slowdown, and a lack of key economic data […]

The U.S. economy added a robust 312,000 jobs in December, well above expectations, as the labor market continues to expand even as worries grow about an economic slowdown and turbulent stock markets. The unemployment rate ticked up to 3.9 percent from 3.7 percent as the labor force expanded by 419,000, the Labor Department reported on […]

Wall Street concluded a tumultuous 2018 on Monday as the major stock indexes posted their worst yearly performances since the financial crisis. After solid gains on Monday, the S&P 500 and Dow Jones Industrial Average were down 6.2 percent and 5.6 percent, respectively, for 2018. Both indexes logged in their biggest annual losses since 2008, […]

Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a $4.4 billion bid in an effort to buy the retailer and keep it alive. Lampert’s hedge fund, ESL Investments, put forward the tentative proposal for the parent of Kmart and Sears earlier this month, with his formal submission […]

Friday is a big day for former retail icon Sears, which could potentially be forced to liquidate if its former CEO, Eddie Lampert, does not submit an official buyout bid by the end of the day. Lampert, who is still the company’s chairman, proposed buying the struggling retailer in full for $4.6 billion through his […]

Rives Neblett has farmed grain, soybeans and corn in the Mississippi Delta for decades, but after the past year he’s asking himself how much longer he can keep his operation going. The longtime farmer owns 6,000 acres on which he produced approximately 450,000 bushels this past year. But, because of falling prices directly driven by […]

Stocks plunged again on Friday, bringing the Dow Jones Industrial Average’s losses for the week to nearly 7 percent and ending its worst week since the financial crisis in 2008. The Nasdaq Composite Index fell into a bear market and the S&P 500 was on the brink of one itself, down nearly 18 percent from […]

The Federal Reserve on Wednesday hiked the nation’s benchmark borrowing rate by 0.25 percent for the fourth time this year, despite months of objections from President Donald Trump, who fears higher interest rates will take the steam out of the nation’s booming economy. The move, announced at the conclusion of the central bank’s December monetary […]

The U.S. hemp industry is expecting business to expand and investors to beckon after Congress on Wednesday passed farm legislation that included a provision to legalize and regulate the plant under the Department of Agriculture. “This is a monumental bill for hemp farming,” said Lauren Stansbury of the Hemp Industries Association. The bill, awaiting President […]

China has announced a 90-day suspension of tariff hikes on $126 billion of U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The tax agency said the suspension that takes effect Jan. 1 is intended to carry out the agreement reached by Presidents Donald […]