Yellen signals cautious Fed path amid global pressures
Fed Chair Janet Yellen said the central bank will proceed cautiously with rate hikes, keeping a gradual pace amid world economic weakness and oil price drops. Her remarks sparked a Wall Street rally as the Dow rose and Treasury yields fell, with analysts noting uncertainty and a possible two hikes at most this year.
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Flowering Entrepreneurship in Sheffield Lake Shop Opens
Jessica Jones, longtime floral designer, started Flowers and Gifts by Jessica from home and opened a storefront in December in Sheffield Lake. The shop offers personalized floral design, gift baskets, greeting cards, balloons, mementos, and delivery across Lorain County and beyond. Contact 329-7155 or ctnews chronicles.com.
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Flowers and Gifts by Jessica opens in Sheffield Lake
A new shop is opening at 5388 E Lake Rd corner of Lake and Cove Beach, Sheffield Lake. Hours are Tue Fri 9 am to 5 pm and Sat 9 am to 3 pm. Contact ctnews chroniclet.com with business name location opening date and contact for feature. Included photo may be used.
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ctnews@chroniclet.com
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SoundCloud enters paid streaming with Go subscription
SoundCloud, Berlin based and with 125 million tracks, launches SoundCloud Go at $10 monthly. The service adds ad free offline playback and lets artists choose free or paid availability, aiming to compete with Spotify and Apple while leveraging its 175 million monthly listeners.
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FTC Sues VW Over Clean Diesel Claims
The FTC sues Volkswagen alleging seven years of deceptive marketing for Clean Diesel vehicles. VW pulled ads after a 2015 admission of illegal software to cheat emissions tests. Regulators say real world exhaust far exceeded limits, while GM recalls 6,300 police Caprice cars for electric power steering failures due to heat and corrosion.
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