Tag: LocalNews8.com

“So the people who are here for vendors right now are tried and true. “I highly recommend going into the farmer’s market because you get a good volume of people here,” said Enso Creative artist and engraver Aaron James. “My favorite part is honestly talking to all the people,” said New Life Farms vendor Josh […]

Like many luxury goods sectors, watchmaking was affected by Covid-19 in numerous ways, from boutique closures to stalled production in the Jura Mountains, where most of the country’s watch factories have been located since the 19th century. The rebound may be down to wealthy buyers seeking tangible investments amid economic uncertainty or even finding themselves […]

The Dow and S&P 500 briefly dipped into correction late last month before bouncing back. And the CNN Business Fear & Greed Index, which looks at the VIX and six other gauges of market sentiment, is showing signs of Fear on Wall Street. That’s because there was one two years ago, when stocks plummeted in […]

Microsoft: The tech company, whose shares are down 11% this year, reported revenue of $51.7 billion and profit of $18.8 billion, driven in part by persistent demand for cloud services. Investors had hoped that earnings would serve as a welcome distraction from the Fed and would catalyze a turnaround. The company’s shares are down 14% […]

Traders have so far mostly shrugged off temporary concerns about inflation and the Federal Reserve getting ready to raise interest rates, as well as fears over the impact that the Omicron variant of Covid-19 may have on the economy. It’s a bit unclear why the 10-year Treasury bond yield still remains relatively low, at just […]

Jonathan Golub, chief US equity strategist at Credit Suisse, predicts that the S&P 500 will rise to 5,200, roughly 9% above where it finished 2021. The fate of smaller firms is closely tied to the health of the US economy, since they aren’t insulated by their size. Especially during a global health crisis that can […]

Just as baby boomers are hitting retirement, more millennials are reaching peak first-time homebuyer age, and they’re all competing in a market starved for inventory. They not only need to save enough for a down payment — which has gotten harder over the past few years — but may need to win a competitive offer […]

The Dow fell more than 530 points Friday, about 1.5%, as fears grew that the Fed could potentially cause an economic slowdown by tightening too aggressively. The tech stock heavy Nasdaq has fallen 6% from its record high, putting it closer to 10% correction status. Airlines and other leisure and hospitality stocks have fallen recently, […]

Lowe’s recently hit a record high, too, and rival Home Depot, the top performing Dow stock this year, is close to one as well. Real estate brokerage Redfin reported this week that housing prices continue to skyrocket. Mortgage rates could be heading higher in 2022, though, since the Federal Reserve has hinted that it could […]

But the Bank of England isn’t expected to raise interest rates on Thursday for the first time since the pandemic began in early 2020 amid concerns over the rapid spread of omicron. …Read the full story

What’s happening: According to new research from Goldman Sachs, just five companies — Microsoft, Apple, Nvidia, Tesla and Google parent Alphabet — have contributed 51% of S&P 500 returns since April. After shooting up 76% in 2020, Amazon’s stock is up just 6% this year, compared to a nearly 26% rise in the S&P 500. […]

The CNN Business Fear & Greed Index, which measures seven indicators of sentiment, has plunged back into Fear territory in the past few days and is not far from Extreme Fear levels. “The variant is a bigger culprit for the sell-off than Powell,” said James Ragan, director of wealth management research at D.A. What’s more, […]

NeighborWorks Pocatello is planning a 26-unit subdivision called Bonneville Commons at the site of the old Bonneville Elementary School on 320 N 8th Ave. NeighborWorks has plans to build a mix of 1,100-1,800 square feet, 2-3 bedroom single family homes and town homes that will serve a variety of income levels. More homes are expected […]