Author: Thomas Heath
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Dow plunges more than 1,000 points on specter of higher interest rates
U.S. stocks gave up even more ground Thursday, as volatility kept the markets in its grip. The Dow Jones industrial average tipped 1,032 points into the red, down 4.2 percent, to close at 23,860 as fears deepened over rising interest rates. Its steep dive in the final minutes of trading put the Dow in correction…
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Dow bursts through 26,000 in record seven trading days
The Dow Jones industrial average blew past 26,000 Tuesday for the first time ever, coming only a week after hitting 25,000 and showing further evidence that the long-running bull market is alive and well. “There are several reasons for markets to melt up at this point,” said Alexandra Coupe, associate director for PAAMCO. The Dow…
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Vet wants to put your dog’s health record online
I was reading the Forbes list of the wealthiest, self-made women in the United States recently. One of them is Judy Faulkner, founder of a privately held software company, called Epic Systems, that keeps medical records on more than half of the American population. She is worth $2.5 billion, according to Forbes. Washington area veterinarian/entrepreneur…
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Turmoil over recent Trump controversies triggers the Dow’s biggest losses since September
The stock market on Wednesday took its biggest dive since before President Donald Trump’s election, as investors began to grapple with the increasing possibility that Washington would be consumed with chaos and fail to enact policies to boost the economy. The Dow Jones industrial average lost 368 points, or 1.8 percent to 20,611, as a…
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Budweiser may have put itself in the crosshairs of the next Trump tweet
Anheuser-Busch InBev unintentionally waded into political controversy with a 60-second Super Bowl commercial that touts inclusion and the American Dream but could end up drawing the ire of half the country. The well-crafted spot called “Born the Hard Way” tells the story of Adophus Busch’s emigration from Germany to St. Louis, where he shares a…
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Airports have discovered how to make people happier about waiting for their planes
Airports are getting more love from travelers when they act like a mall. More and more, air passengers are responding positively to the Rodeo Drive – storefronts and gourmet restaurants that continue to pop up across airports, according to J.D. Power’s annual survey of large, North American airports. As amenities on planes have been taken…
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Scented candles’ power to stir memories sparks a $60 million business
I generally don’t think of Maryland as a home to manufacturing. But if you drive to Glen Burnie, the Chesapeake Bay Candle factory has 80 full-time employees who are creating an average of more than 500,000 home fragrance candles a month. Factory tours are one of the most fun parts of this job. I visited…
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Mars and Wrigley re-brand to create confectionery giant
Mars, the privately held candymaker responsible for classic chocolate brands like M&M’s, Milky Way and Snickers, is rebranding its candy offerings as Mars Wrigley Confectionery and moving management of its confectionery business to Chicago. Mars bought Wrigley for $23 billion in 2008 but Warren Buffett’s Berkshire Hathaway, which helped fund the deal, retained a 20…