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Mini hydro company raises $18M to generate power

The Associated Press A startup business that places small turbines in irrigation canals to generate electricity has raised $18.4 million to scale up its technology and generate carbon-free hydropower. Emily Morris, CEO and founder of Emrgy, said her inspiration for making electricity in places that some people might find unlikely was seeing the vast network of U.S. irrigation infrastructure, with water swiftly flowing through it. The U.S. Bureau of Reclamation alone operates 1600 miles of main canals. In the same way that putting solar on rooftops avoids disturbing the land, making ...

How the major US stock indexes fared Wednesday

The Associated Press Stocks closed lower following the latest update on inflation and the latest warning of a possible recession. The S&P 500 lost 0.4% Wednesday after bouncing between small gains and losses earlier. The Nasdaq composite slid 0.9% and the Dow also fell. Minutes from the Fed’s last meeting revealed Wednesday that its staff economists have forecast that a pullback in lending resulting from the banking turmoil will cause a “mild recession” starting later this year. A report Wednesday morning showed that prices at the consumer level were 5% higher last month than a ...

Stocks dip after inflation data, Fed economists’ warning

NEW YORK (AP) — Stocks dipped to close an up-and-down Wednesday on Wall Street following the latest update on inflation and the latest warning of a possible recession. The S&P 500 fell 16.99, or 0.4%, to 4,091.95 after drifting between small gains and losses through the day. The Dow Jones Industrial Average slipped 38.29, or 0.1%, to 33,646.50, and the Nasdaq composite lost 102.54, or 0.9%, to 11,929.34. The main focus for more than a year on Wall Street has been high inflation and how much painful medicine the Federal Reserve will have to dole out to contain it. Wednesday’s ...

American Airlines, Emerson Electric fall; Triton, Chart rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Emerson Electric Co., down 80 cents to $83.64. The maker of process control systems, valves and analytical instruments is buying National Instruments. Triton International Ltd., up $20.33 to $83.34. The shipping container lessor is being bought by Brookfield Infrastructure Partners. American Airlines Group Inc., down $1.32 to $13. Investors were disappointed by the airline’s latest quarterly earnings forecast. Chart Industries Inc., up $13.62 to $126.02. The energy equipment maker ...

Airline stocks shares fall on American’s so-so 1Q outlook

FORT WORTH, Texas (AP) — Airline stocks tumbled Wednesday after American Airlines issued a lackluster outlook that appeared to amplify fears that travel demand, which has surged for the past year, could finally be slowing in the face of inflation and economic uncertainty. American said that it expects to report a small profit for the first quarter, but one that could easily be below Wall Street expectations. American indicated that demand is still about as strong as it predicted in January, but the stay-the-course update came as analysts cautioned investors about a slowdown in ...

Wall Street ends flat ahead of inflation, earnings reports

NEW YORK (AP) — Stocks closed mostly flat on Wall Street Tuesday, with stocks and bonds making modest moves ahead of an anticipated update on consumer inflation and other reports later in the week. The S&P 500 was nearly unchanged and the Dow was up a bit, while the Nasdaq slipped. Traders are focused on Wednesday’s inflation report, after which comes the start of earnings reporting season for big companies. CarMax jumped after reporting stronger profit than expected. Moderna sank following a discouraging report on a potential flu vaccine. Treasury yields ticked higher. Wall Street ...