Fed raises rate and sees more hikes as US economy improves

WASHINGTON/March 15, 2017 (AP)(STL.News) — The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans. The Fed’s key short-term rate is rising … Continue reading Fed raises rate and sees more hikes as US economy improves

Stocks climb, led by energy stocks and dividend payers

NEW YORK/March 15, 2017 (AP)(STL.News) — Stocks rose Wednesday and easily absorbed the latest increase in interest rates by the Federal Reserve, a move that was widely expected. Bond yields fell, as did the dollar’s value against other currencies. KEEPING SCORE: The Standard & Poor’s 500 index rose 19 points, or 0.8 percent, to 2,385 … Continue reading Stocks climb, led by energy stocks and dividend payers

Trump earned $153m and paid $36.5m in taxes in 2005

WASHINGTON/March 15, 2017 (AP)(STL.News) — President Donald Trump earned $153 million and paid $36.5 million in income taxes in 2005, paying a roughly 25 percent effective tax rate thanks to a tax he has since sought to eliminate, according to newly disclosed tax documents. The pages from Trump’s federal tax return show the then-real estate … Continue reading Trump earned $153m and paid $36.5m in taxes in 2005

Trump set to challenge Obama-era fuel standards in Detroit

WASHINGTON/March 15, 2017 (AP)(STL.News) — Moving forcefully against Obama-era environmental rules, President Donald Trump is set to announce in Michigan plans to re-examine federal requirements that regulate the fuel efficiency of new cars and trucks. Trump is expected to reveal his plans during an appearance Wednesday at the American Center for Mobility in Detroit where … Continue reading Trump set to challenge Obama-era fuel standards in Detroit

Another drop for oil prices pulls stock indexes lower

NEW YORK/March 14, 2017 (AP)(STL.News) — Stock indexes sank Tuesday after yet another drop in the price of oil dragged down shares across the energy industry. Other areas of the market saw modest losses as investors wait to hear from the Federal Reserve, which began a two-day policy meeting on interest rates. The Standard & … Continue reading Another drop for oil prices pulls stock indexes lower

Stars from one-bid leagues savor chance to take center stage

KNOXVILLE, Tenn. (AP)(STL.News) — How much can a mid-major player’s life change with one memorable NCAA Tournament performance? Just ask Middle Tennessee’s Reggie Upshaw. Upshaw scored 21 points last year as the 15th-seeded Blue Raiders stunned No. 2 seed Michigan State 90-81 in the first round of the NCAA Midwest Regional. Then he discovered how … Continue reading Stars from one-bid leagues savor chance to take center stage

Rocker Gregg Allman cancels all tour dates for the year

NEW YORK (AP)(STL.News) — Gregg Allman has canceled all of his scheduled tour dates for the year. The 69-year-old rocker posted Monday on his website that “it has been determined that Gregg will not be touring in 2017.” In November, Allman said he was taking several months off from touring so he can “focus on … Continue reading Rocker Gregg Allman cancels all tour dates for the year

Now hear this: Loud sound may pose more harm than we thought

NEW YORK (AP)(STL.News) Loud Noise — Matt Garlock has trouble making out what his friends say in loud bars, but when he got a hearing test, the result was normal. Recent research may have found an explanation for problems like his, something called “hidden hearing loss.” Scientists have been finding evidence that loud noise — … Continue reading Now hear this: Loud sound may pose more harm than we thought