___ Fed’s Barkin: ‘Slow progress’ on inflation, sees more hikes WASHINGTON (AP) — A top Federal Reserve official is downplaying recent signs that the economy is strengthening, but also said he is prepared to keep raising interest rates in smaller increments as often as needed to quell inflation. Richmond Federal Reserve President Thomas Barkin said Friday that recent reports showing an unusually robust job gain and a spike in retail sales last month reflected in part the impact of warm weather and the government’s seasonal adjustment process, rather than an acceleration of growth that could push inflation higher. ___ Wall Street closes another bumpy week with a mixed finish NEW YORK (AP) — Wall Street closed another bumpy week with a mixed performance. The S&P fell 0.3% Friday after paring a bigger loss from the morning. The Dow Jones Industrial Average rose modestly, while the Nasdaq fell 0.6%. Stocks have hit turbulence in February after shooting higher in January on hopes that cooling inflation could get the Federal Reserve to take it easier on interest rates and that the economy could avoid a severe recession. Recent economic reports have raised worries that inflation is not cooling as quickly and […]

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Abbott recalled certain powder baby-formula products that were manufactured at its Sturgis, Mich., plant, and halted production there. The SEC’s enforcement division sent a subpoena to Abbott in December requesting information about its powder infant-formula business and related public disclosures, the company said Friday in a securities filing. Continue reading your article with a WSJ membership

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LOUISVILLE, Ky. — Belknap Hardware and Manufacturing Company is back in business almost 40 years after filing for bankruptcy. Fourth-generation Ian Belknap is restarting the company’s legacy. He revived one of the company’s most prominent items, the multifaceted hatchet. Complete with a sharp side, a divot to pull up nails, and a flat head for hammering. "It’s called a camping hatchet," Belknap said. "It’s made with all grade-A materials, so I know it’s going to hold up." You can find the product here. The hatchet is the first and only product Belknap has produced so far, but he thinks more are soon to come. "I’m getting so much feedback from former Belknap customers," Belknap said. "Everybody wants me to make this, make that, but I think the next tool will be like a Jersey Axe." Belknap currently runs the operation out of his farm, and he said for now, he plans to keep it that way. Recommended Woman, child killed in fire near Iroquois Park identified by coroner >>CLICK HERE FORE MORE TOP S TORIES "Long story short, I just feel really good. I feel like I’m honoring my ancestors, and I know they’re looking down smiling," Belknap said. […]

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Shoichiro Toyoda speaks during an interview in 1981 © The Asahi Shimbun/Getty Images In his first overseas business trip to the US in the late 1950s, Shoichiro Toyoda made one of the biggest mistakes of his career. Toyoda, then aged 32, gave the green light for Toyota to export its first passenger vehicle, Crown, to America — only to be inundated with customer complaints that the engine was not powerful enough to drive on US highways. “It was a big failure,” Toyoda wrote in his 2015 book Believe in the Future, Step by Step . “But I took away an important lesson and continued my challenge to develop a high-quality passenger vehicle that would perform well anywhere in the world.” That challenge took one of Japan’s last great postwar industrialists through the height of the 1980s trade tensions between Washington and Tokyo, the bursting of Japan’s property and stock market bubble and the 1990s banking crisis that dragged the nation into a long period of stagnation. Toyoda, left, inspects a production line of light trucks at a plant in Taiwan in 1988 © Yang Chi-hsien/AP Toyoda, who has died aged 97, navigated these events with a determined focus on […]

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NAVASOTA, Texas (KBTX) – January saw the most significant jump in retail sales that the United States has seen in almost two years. Businesses like Southern Charm Boutique & Salon in Navasota have seen a substantial increase of 36% from this time last year. “I was expecting maybe five to 10% because of the traffic that we’ve seen but not the numbers that we actually are seeing,” said owner Tanya Ingram. Director of Texas A&M Center of Retail Studies Thomas McMillan says a few factors have played into this spike. More people are making bigger purchases like cars and the weather compared to last year is better suited for consumers to want to go out to shop in stores and eat at restaurants. January of 2022 also saw higher numbers of COVID cases. “Omicron was pretty prevalent so when you compare the January to January numbers there’s just a lot more people outside and taking advantage and things of that nature,” said McMillan. Experts also expect the numbers to not stay as high as they are as the year goes on. Copyright 2023 KBTX. All rights reserved.

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More I-Team Investigations Videos Accused Shooter of Jewish Men Was Out on Bail on Gun Possession Charge Latest Pico-Robertson Shootings Investigated as Hate Crimes Police Spin Out Van in Whittier Area Super Bowl Surprise of a Lifetime First Alert Forecast: Light Rain and Showers of Hugs and Kisses New Information in Fatal Garbage Truck Accident

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SANTA FE — A plan to add New Mexico to the list of states that provide government-run family leave allowing workers to take paid time off for births, illnesses and injuries is encountering turbulence at the Roundhouse, with some businesses expressing opposition and a new legislative analysis suggesting the program could be more expensive to administer than previously projected. But supporters are pushing back, with Senate President Pro Tem Mimi Stewart, an Albuquerque Democrat, questioning the math of legislative analysts and saying proponents have offered to make adjustments to the bill to address business concerns. “We’ve worked for two years on the bill,” Stewart told the Journal. “We have plenty of businesses that are supporting this.” She also said backers have learned from the experiences of other states with paid family leave programs, such as Washington, which had to raise its employee and business premiums twice to ensure the solvency of its fund. Since being filed, the paid family leave bill, Senate Bill 11, has passed one Senate committee and is awaiting a hearing in the Senate Finance Committee. Senate President Pro Tem Mimi Stewart, D-Albuquerque, talks with Senate Majority Leader Peter Wirth, D-Santa Fe, before the start of […]

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( Louisiana Illuminator ) – The Louisiana State Bond Commission might further limit the state’s business with large banks based on their dealings with gun manufacturers and energy companies. Critics fear such a restriction could cost taxpayers more money by limiting competition for the state’s banking business. Bond commission members intend to interview representatives from a handful of banks next week about their firearms and energy policies. If the banks’ views don’t align with the perspective of the Republican-majority commission, they could be removed from a list of qualified institutions that are invited to bid on state business, including an upcoming $275 million bond sale. Attorney General Jeff Landry’s office pushed Thursday to disqualify six national banks – JPMorgan Chase & Co., Barclays, Morgan Stanley, Royal Bank of Canada, UBS and Wells Fargo – from Louisiana’s list of pre-approved financial institutions. But state legislators on the Bond Commission refused to exclude them before interviewing the banks’ representatives first. Craig Cassagne, who represented the attorney general’s office at Thursday’s Bond Commission meeting, told the other members that JPMorgan should be blackballed because it limits the business it does with gun manufacturers that sell military-style weapons to people under 21. The […]

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In a recent speech , Gov. Jared Polis remarked that business leaders need to run for school board elections. This reinforced the notion that there should be elevated corporate involvement in public schools to ensure school districts respond to what businesses want from the next generation of the workforce. But involvement — especially at this level of policymaking — requires more than just sitting in the school board seats. It means embracing the fundamental role public education plays in our society and generating the community engagement required to fulfill that role. We, the public, are responsible for our schools. While school districts ensure the infrastructure is in place to make quality teaching and learning possible, the larger community needs to ensure the necessary supports are in place for students to access. So, let’s get three points clear: First, public education should serve the community at large, and not just specific sectors. Our city is strengthened by every student who graduates ready to lead a successful life. We need students who can function in — and uphold — a just, democratic, and civil society. Fortunately, there has been an increase in corporate collaboration with school districts to create more accessible […]

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The Internal Revenue Service, Small Business & Reporting Team, will be hosting a VIRTUAL Program Manager/Contracting Officer (PM/CO) Vendor Outreach Session (VOS) for the Information Technology Division of the Bureau of Engraving & Printing (BEP), Enterprise Strategic Planning and Management Division (ESPMD) on Tuesday, February 28, 2023, from 1:30 pm to 3:30 pm. This VOS event is open to all SMALL BUSINESS CONCERNS offering Information Technology services and supplies. Small Disadvantaged Businesses, as well as small business concerns that are also prime contract holders of a Government-Wide Contract Vehicle (GWAC) are encouraged to attend . Small Businesses will have an opportunity to present their capabilities to Program Office personnel within the BEP IT ESPM Division; Contracting Officers within the BEP IT Office of Procurement; and the IRS Small Business Program Office. The VOS’s are pre-arranged 15-minute appointments with Contracting Officers and Program Managers, jointly, from Information Technology components within the BEP, ESPM Division. ESPM’s mission is to provide strategic planning and program management support to improve IT governance; provide acquisition support for the applications development staff; and direct, manage and oversee the IT architectural framework for the Bureau. These sessions provide the small business community an opportunity to discuss […]

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