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Business

Slow start to New York’s legal pot market leaves farmers holding the bag

ARGYLE, N.Y. (AP) — Seth Jacobs has about 100 bins packed with marijuana flower sitting in storage at his upstate New York farm. And that’s a problem. There aren’t enough places to sell it. The 700 pounds (318 kilograms) of pungent flower was harvested last year as part of New ...

U.S. hiring jumped last month. So did unemployment

WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool. Friday’s report from the government reflected the job ...

Wall Street rises with hopes for pause to rate hikes

NEW YORK (AP) — Wall Street rose Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The S&P 500 rallied 1% after a suite of reports painted a picture of a split U.S. economy. The job market remains solid, but manufacturing is ...

Debt ceiling talks teeter on the brink, as lawmakers leave town without a deal

WASHINGTON (AP) — House Republicans pushed debt ceiling talks to the brink on Thursday, displaying risky political bravado in preparing to leave town for the holiday weekend just days before the U.S. could face an unprecedented default hurling the global economy into chaos. However, Speaker ...