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September 22, 2017

Carl and Michelle Strickland, owners of an Everlasting Memory Monument Co. in Rocky Mount, recently hosted a luncheon to show appreciation to all fire, rescue and EMS employees, with over 80 from the Nash County-Rocky Mount area attending.

An Everlasting Memory combined with other local companies…


Surging stock market powers household wealth to $96.2 trillion

September 22, 2017

WASHINGTON — A healthy gain in the stock market and steadily increasing home prices boosted Americans’ household wealth this spring, a trend that likely adds to the nation’s inequality.

The Federal Reserve said Thursday Americans’ net worth rose 1.8 percent to $96.2 trillion…


Fed to start modestly reducing bond holdings

September 21, 2017

WASHINGTON — The Federal Reserve will begin shrinking the enormous portfolio of bonds that it amassed after the 2008 financial crisis to try to sustain a frail economy. The move reflects a strengthened economy and could mean higher rates on mortgages and other loans over time.

The Fed…


Toys R Us joins bankruptcy list as Amazon exerts influence

September 20, 2017

NEW YORK — In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world.

The toy chain, hobbled by $5 billion in debt and more intense…