Bond Market Cranks Up Pressure on Wall Street
Wall Street mixed as high rates squeeze stocks with the S&P 500 inching up 0.34 and the Dow dropping 74 points while the Nasdaq gains. Treasury yields hit decade highs as investors shift toward higher paying bonds, squeezing high dividend stocks and utilities including PG&E and Dominion Energy amid weaker profits for many firms.
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Bond Market
Wall Street
New York
Apple
Federal Reserve
Treasury
Pg&e
Dominion Energy
U.S
S&p 500
Powell hears small business woes on inflation in York Pennsylvania
Federal Reserve Chair Jerome Powell and Philadelphia Fed President Patrick Harker visited York to hear from small business owners about inflation high interest rates and labor shortages. Local entrepreneurs described supply strains and unpredictability while noting efforts to diversify beyond manufacturing.
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Work
Federal Reserve
Washington
York
Pennsylvania
Jerome Powell
Powell
Patrick Harker
Federal Reserve Bank of Philadelphia
York Central
Heasley
Fed
Kevin Schreiber
York County
Union Pacific sued over color vision test use
The EEOC filed a federal suit on behalf of 21 former workers accusing Union Pacific of disqualifying employees through a flawed color vision test the railroad claimed was essential for safety. The case, part of many potential suits, cites the Light Cannon test and notes workers in multiple states faced long-term job losses despite medical evidence and passing other tests.
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Tattoo fundraiser for Alleycats and Aristocats cats event
Jen Doyle of Alleycats and Aristocats reports a successful second year fundraiser. Tattoo artists and a piercer donated time while customers paid 150 for color or 125 for black and gray tattoos and 35 for piercings. Proceeds benefit the cat organization with some artists donating tips and vendors contributing sales.
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Alleycats
Aristocats
Jen Doyle
Cardinal Ink
Mentor
Bellview
Doyle
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