Business

US stocks end turbulent week with broad gains

You’re not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ...

S&P 500 posts its worst week of 2019 as trade tensions flare

Investors rattled by President Donald Trump’s latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses marked the fifth straight drop for the S&P 500 and the worst week of the year for the market just seven days after the ...

China’s yuan falls to 2019 low after Trump tariff threat

BEIJING (AP) — China’s yuan fell Friday to its lowest level this year against the dollar following President Donald Trump’s threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan tumbled to 6.9520 to the ...

Toyota profits up, Honda’s down; both lower forecasts

TOKYO (AP) — Toyota reported a nearly 4% increase in fiscal first quarter profit on improved sales, while rival Honda reported a 29% decline in fiscal first quarter profit. Both Japanese automakers on Friday lowered their profit forecasts for the fiscal year, blaming an unfavorable foreign ...

Stocks return to records following strong earnings

NEW YORK (AP) — U.S. stocks pushed to record heights Friday following strong profit reports from Google’s parent company, Twitter and other big corporations. Companies are nearly midway through earnings reporting season, and results have generally been better than the dismal expectations ...

Kish Bank Hires Two Senior Managers

STATE COLLEGE — Kish Bank has announced the appointment of Roxanne Greising to the position of vice president and loan review and special assets manager and Allan Bills to the position of vice president and finance reporting and analytics manager. Greising brings more than 15 years of ...

Local Kish Bank division promotes Collette Croyle

LEWISTOWN — Kish Benefits Consulting, a division of Kish Bank, has announced the promotion of Collette Croyle, Client Services Manager, to Assistant Vice President and General Manager. Croyle joined Kish in 2017 upon completion of Kish Banks’s acquisition of the employee benefit practice, ...

SoftBank sets up $108B investment fund for the possible future of A.I.

TOKYO (AP) — Japanese internet company SoftBank Group Corp. has set up a new fund for investing in technologies such as artificial intelligence. Tokyo-based SoftBank said Friday its $108 billion Vision Fund 2 includes $38 billion from SoftBank. The rest is from Apple, FoxConn Technology ...

US stocks slide over disappointing reports

NEW YORK (AP) — U.S. stocks retreated from record highs on Wall Street Thursday as large companies delivered weak earnings and disappointing forecasts. The daylong slide marked a turnaround from Wednesday, when a series of solid earnings helped push major indexes to records. This is one of ...

Grounded Boeing plane takes a bigger bite out of airlines

DALLAS (AP) — Airlines are tallying up the damage and talking to Boeing about compensation for the grounding of the troubled 737 Max jet. On Thursday, two of the three large U.S. airlines that own Max jets updated their estimates of how the plane is hurting their bottom lines. American ...