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AI spending and strong earnings fuel market gains
Strong earnings growth and ai capital expenditures are driving market gains amid iran conflict and Federal Reserve policy shifts.
Interest rate cuts expected to solidify strengthening economy
Speculation is high that the Federal Reserve will be cutting interest rates soon.
Pa. unemployment claims decrease
Pennsylvania ranks 39th among states in which unemployment claims were lower than in the previous week.
Strength in labor market reflected by rise in Citizens’ Business Index
Despite the risk of recession, Citizens Business Condition Index increased to 53.9 in the first quarter.
Manufacturing, hospitality industries try new ways to attract workers
KFC, the fried chicken fast food restaurant that has 117 locations in Pennsylvania, recently announced it was partnering with an online university to offer free tuition to employees through Western Governers University.
Delicate task for Fed: When to pull back on low-rate support
With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies.
Fed to offer liquidity to Lehigh Valley lenders, small businesses
Additional funds would ease the strain of capital and liquidity constraints on banks originating PPP loans, but midstate financial institutions said in interviews this week that guidelines for the additional funds and the PPP as a whole are still pending from the Fed and the Small Business Administration.
