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Business

Powell: Federal Reserve is on track to cut rates, though not likely for months

WASHINGTON — Interest rate cuts are coming. Just not yet. The Federal Reserve delivered that message Wednesday, first in a policy statement and then in a news conference at which Chair Jerome Powell reinforced it. The Fed did signal that it’s nearing a long-awaited shift toward cutting ...

Americans’ economic outlook brightens as inflation slows

WASHINGTON — After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden’s political fortunes. A measure of consumer sentiment by ...

What to do if you’re laid off or lose or your job

NEW YORK — Recent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security. If you’re worried you could be laid off — or if you’ve lost your job — personal finance professionals and career ...

Businesses bet on the rail trail

The Adirondack Rail Trail is covered in snow and open for business. As portions of the former railroad corridor are completed — and the whole trail connecting Saranac Lake, Tupper Lake and Lake Placid is being traversed by snowmobilers, skiers and snowshoers in the winter — a variety of ...

Rice Furniture enters new era

SARANAC LAKE — As Rice Furniture heads into its 77th year of furnishing homes in the Saranac Lake area with couches, flooring, window coverings and wall art, it is changing hands but staying in the Rice family lineage. Clyde Baker — whose wife Sue’s grandfather, Carver Rice, started ...

Malone Big Lots plans soft opening Friday

MALONE — With the holiday shopping season a couple of weeks away a new store in the village will hold a soft opening later this week. Big Lots’ Malone location is scheduled to have its soft opening on Friday Nov. 17, according to Joseph Baker, the store’s assistant manager. Mayor ...