HONG KONG: The dollar was on the front foot at the start of a week in which U.S. and Chinese data and European energy security were top of mind, as investor concerns about global economic growth offered support to the safe haven currency. The euro languished at $1.01475, having lost 2.3% last week and briefly […]
If you know of local business openings or closings, please notify us here. PREVIOUS OPENINGS AND CLOSINGS · Air Products and Chemicals Inc.’s chosen warehouse developer, Prologis Inc., will have to wait until July 13 for a final decision by Upper Macungie Township’s zoning hearing board on 2.61 million square feet of warehouses. · Chubby’s […]
President Joe Biden said his administration is still discussing possible action on US tariffs on Chinese imports, after Commerce Secretary Gina Raimondo said she expects a decision “shortly.” “No, we are having further discussions on that,” Biden told reporters in Delaware on Sunday when asked if there was a […]
NEW YORK (Reuters) — With a miserable first half for the stock market now in the history books, investors are assessing whether the U.S. economy can avoid a significant downturn as the Federal Reserve raises rates to fight the worst inflation in decades. The answer to that question stands to have a direct impact on […]
What’s Up? (July 3-9) A Verdict on Theranos and Silicon Valley Culture For many tech start-ups, the era of seemingly endless optimism and immunity — from scrutiny, skepticism and, most of all, serious legal consequences — began to fray when an exposé on the blood-testing company Theranos was published in 2015 that raised questions about […]
Source: Adobe/Sergey “The squeeze on people’s disposable incomes caused by high inflation has had a big negative impact on stocks & crypto markets.” “We’re now in a highly volatile economic environment, so it’s almost impossible to look much further ahead with any degree of confidence.” “We don’t need a return to economic growth to […]
PEOPLE Michael Hawes recently joined Chelsea Groton Bank as Assistant Vice President and Commercial Loan Officer. Most recently, he was VP of Commercial Business Development and Financial Wellness at People’s United Bank, Bridgeport. Hawes lives in Oxford. For more information, visit www.chelseagroton.com. Marcus Rehbein has joined Jewett City Savings Bank as Assistant Vice President, Commercial Loan […]
09 Jul 2022 Biden “Absolutely Wrong” on Economy While President Biden claims the economy is booming under his leadership, the bank accounts of many Americans are going bust just trying to make ends meet. Even the liberal CNN news channel is fact-checking him these days – finding his boasts to be malarkey. So […]
FLORENCE, S.C. (WBTW) — More than 200 people headed to downtown Florence on Saturday to help paint a massive mural honoring a local business leader. “The piece is very large,” Hannah Davis, Florence’s development manager said. “It’s going to be 25-feet tall and 40-feet wide, and will go up on the side of the Thompson […]
Depreciation of the Indian rupee continued this week amidst a strong dollar and consistent foreign funds outflow that offset the support from gains arising from bullish domestic equities. On Friday, the rupee closed at 79.25 against the US dollar down by 12 paise from the previous close. The local unit has touched a series of […]
