Business

Mortgage Rates Slightly Lower

WASHINGTON (AP) — Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases. Costs for would-be homebuyers have been climbing, and the key 30-year rate has been running at its highest levels in more than seven years. Mortgage buyer ...

How Not To Inherit Mom’s Timeshare

Timeshare owners James and Barbara Ruh enjoy their annual vacations in Hawaii, but they don’t want their daughters to be obligated to take over the contracts when they die. So the Ruhs, who are attorneys with offices in Santa Barbara, California, and Edwards, Colorado, created a trust to ...

Powell Says Gradual Rate Hike Is Best

BOSTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank’s current gradual approach to raising interest rates. Powell said the combination of steady, low inflation and very low unemployment shows the country is going through ...

Urban Development For Google Raises Concerns

TORONTO (AP) — Heated streets will melt ice and snow on contact. Sensors will monitor traffic and protect pedestrians. Driverless shuttles will carry people to their doors. A unit of Google’s parent company Alphabet is proposing to turn a rundown part of Toronto’s waterfront into what ...

Fairmount Financials

LAKEWOOD — After moving locations, Kathryn Colvin, financial adviser, is looking to put her own touch on the new office space of Edward Jones Investments while expanding their visibility on Fairmount Avenue in Lakewood. Edward Jones is a St. Louis-based Fortune 500 company that provides ...

County Unemployment Rate Decreases 1 Percent

The unemployment rate during the last year dropped 1 percent in Chautauqua County. In August 2017, the unemployment rate in the county was 5.5 percent. In August, the rate was 4.5 percent. The drop in the county’s unemployment rate correlates with what is happening nationally and ...

AM Suchar Accountants Hires Two New Staff Members

AM Suchar Accountants has hired Amanda Muntz and Mikaela Swanson as staff accountants. Muntz is a 2016 Jamestown Business College graduate with an associate’s degree in accounting. She is a Randolph native and graduated from Randolph Central School. In her free time, Muntz enjoys ...

How To Deal With Your First Credit Limit

The thrill of getting approved for your first credit card might wear off — at least a little — when you see the news punctuating that congratulatory message: Your new credit limit is lower than you expected. So the mental math begins. Can you shop for groceries for a full month without ...

Mortgage Rates At A Seven-Year High

WASHINGTON (AP) — Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years. Costs for would-be homebuyers continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, ...

US Pending Home Sales Decrease

WASHINGTON (AP) — Pending home sales slipped in August as fewer Americans signed contracts to purchase a house, the fourth decline in the past five months. The National Association of Realtors said Thursday that its pending home sales index fell 1.8 percent last month to 104.2. This measure ...

FDA Wants To Clear Up Soy Milk

NEW YORK (AP) — Do people understand the differences between milk and soy and rice “milk”? That’s what the Food and Drug Administration is asking as it considers whether soy and other non-dairy products can keep calling themselves “milk.” Right now, federal standards define milk ...

Teaching Partners

The work accomplished through the partnership between Cummins Jamestown Engine Plant and the Chautauqua County Education Coalition earned the Cummins Global and Engine Business Unit Impact Award. The award honors Cummins’ employees work accomplished with its partners that embody Cummins’ ...

Stocks Lift Household Wealth, Mainly For Affluent

WASHINGTON (AP) — A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans’ stock and mutual fund ...

US Mortgage Rates Increase

WASHINGTON (AP) — Long-term U.S. mortgage rates are up for the fourth consecutive week, with the key 30-year rate reaching its highest level since May. Costs for would-be homebuyers continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate ...

Nissan Recalls Due To Fire Risk

DETROIT (AP) — Nissan recalled nearly 240,000 cars and SUVs worldwide due to a fire risk and is advising people to park the vehicles outdoors in rare cases. An anti-lock brake pump can leak brake fluid onto a circuit board, causing an electrical short and increasing the fire risk, according ...

Women Losing Wealth When Retiring Early

Women who retire when their husbands do may be giving up more wealth than they realize. Married women overall are still in their peak earning years in their 50s and early 60s, while married men’s earnings are on the decline, says economist Nicole Maestas, an associate professor of health ...

Return To Sound

As a second-generation musician, Ron Wheeler thought he had retired. During his career, he had a song in radio rotation and toured extensively. But when he moved to Jamestown, his son, Derek, and a local business convinced him to do otherwise. With his son’s help, Wheeler formed Lost ...

Jamestown BPU Wins WNY Healthiest Employer

Business First named the Jamestown Board of Public Utilities wellness program first among 10 medium-size company finalists competing in its Western New York 2018 Healthiest Employer contest. Winning this award automatically places the BPU as a contestant in the Healthiest 100 Workplaces in ...

SBDC Tax Law Workshop Slated

The new tax law enacted for 2018 is more than 1,000 pages long and is the most substantial tax law change in decades. The new rules will impact both individual and business finances on many levels. To help us understand what has changed, the Small Business Development Center at Jamestown ...

Edward Jones Has Grand Reopening

Kathryn Colvin of the financial services firm Edward Jones invites the public to join her at a grand reopening celebration. The event will begin at noon Wednesday, Sept. 26, at her office at 305 E. Fairmount Ave., Lakewood. Various activities are planned, including a ribbon cutting at 2 p.m. ...