Gringos Cafe expands to breakfast in Cedar Rapids
Cedar Rapids Gringo's Cafe and Catering owned by Chris Burhans shifts to mornings and weekdays with breakfast bowls burritos and quesadillas at the Armstrong Centre location in downtown. The new site opened last April near the First Avenue Gringo's and offers lunch carryout and a growing breakfast crowd.
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Fed raises rates signaling more hikes in 2018
The Fed lifted its benchmark rate to 1.50 to 1.75 percent and forecast at least two more increases in 2018. Powell, the new chair, indicated inflation should move higher toward 2 percent as the economy gains momentum and tax cuts and spending lift demand. The central bank also nudged up the longer term neutral rate, hinting at a longer tightening cycle to come.
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Bayer clears EU hurdle for Monsanto takeover deal
Bayer wins EU approval for its 66 billion dollars bid to acquire Monsanto after promising to divest seeds pesticides and digital agriculture technology to BASF SE and to provide further evidence that BASF can remain a meaningful competitor EU competition chief Margrethe Vestager said concerns are resolved Monsanto facilities are in eastern Iowa and Bayer aims to close by the end of Q2 while engaging with the U S Justice Department.
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Deere worries about retaliation in U S China trade tensions
Deere & Co chief Sam Allen warns that retaliatory tariffs on U S agricultural exports would hurt customers and hit Deere harder than steel and aluminum duties. He notes one third of U S agriculture is sold abroad, and a China or Mexico pullback could weaken farm incomes and demand for Deere machinery.
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