week

City finance director quits after one week | Government

Katie Mull, the director of finance for the City of St. Joseph, quit Tuesday afternoon, said City Manager Bryan Carter.

Mull’s first day on the job was Aug. 30. Carter said she did not give a reason as to why she left the job so soon.

Mull graduated from Missouri Western State University with a Bachelor of Science degree in business management/accounting. Her previous job was in the private sector. Her salary as the city’s finance director was $127,000.

Amy Cohorst, the city’s human resources director, has been named interim finance director.

Carter said the city will post the job

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Popular SBA loan program could run dry this week

A key Small Business Administration program is expected to run out of cash to fund new loans as early as Friday and will likely stay shut down until the new fiscal year begins Oct. 1.

Officials at the SBA and the National Association of Development Companies, a trade group representing nonprofit certified development companies, said loan volume in the 504 program has already exceeded last year’s record and is about to hit its congressionally authorized funding cap.

“From the information we’ve been looking at, there’s no question the program is going to reach its cap, the only question is exactly

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Stocks End Rough Week on a High Note

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Fed Chair Jerome Powell’s speech at Jackson Hole will be a major highlight of next week.


Graeme Jennings-Pool/Getty Images

U.S. stocks finished higher on Friday after encouraging comments from Dallas Federal Reserve President Rob Kaplan. Investors were looking to end a week of selling on a positive note.

The 

Dow Jones Industrial Average

 rose 226 points, or 0.6%, while the

S&P 500

 added 0.8% and the 

Nasdaq Composite

 rose 1.2%.

For the week, the S&P 500 fell 0.6%—making it the index’s worst weekly performance since the week ended July 16. The Dow finished this week 1.1% down, ending

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Everybody take the week off, Wall Street firm tells staff

By David French and Jessica DiNapoli

NEW YORK (Reuters) – No calls, no emails and no meetings.

That’s the order this week from Aquiline Capital Partners to its staff. The private equity firm is putting all employees on vacation, people familiar with the matter said.

It’s an unusual move intended to recognize employees and avoid burnout from the physical and mental pressure of the COVID-19 pandemic and the frenetic pace of dealmaking.

Aquiline has more than $6 billion in assets and over 60 employees in its New York headquarters and London office.

The firm has canceled all internal meetings for

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Wall Street stocks end volatile week at record high

Equities updates

US stocks ended Friday at a new high, reversing steep losses at the start of the week, as fears about the Delta variant of coronavirus were soothed by strong corporate earnings and continued central bank support for financial markets.

The S&P 500 climbed 1 per cent, lifting the index’s weekly gain to 2 per cent and its advance for the year above 17 per cent. The technology-focused Nasdaq Composite rose just over 1 per cent, giving the index its strongest weekly advance since

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Wall Street rallies to record-breaking end of turbulent week

NEW YORK (AP) — Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to roar back from its short-lived swoon at the start of the week.

The S&P 500 index climbed 44.31, or 1 percent, to 4,411.79 to top its prior all-time high, set early last week. The Dow rose 238.20, or 0.7 percent, to 35,061.55, and the Nasdaq composite gained 152.39, or 1 percent, to 14,836.99.

All three indexes finished with gains of better than 1 percent for the week, completely

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Japan stocks track Wall Street’s solid finish to close week higher

Japan’s benchmark Nikkei average closed up 0.66 percent at 29,066.18 on Friday, while the broader Topix gained 0.80 percent at 1,962.65.


FILE PHOTO: First trading day of stock market in Tokyo

TOKYO: Japanese shares closed higher on Friday, as cyclicals and technology stocks tracked a strong finish on Wall Street, although the gains were capped by concerns over the country’s economic recovery and amid a cautious outlook of U.S. equities.

The Nikkei share average rose 0.66per cent to close at 29,066.18, while the broader Topix advanced 0.80per cent

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Wall Street notches best week since February after Biden infrastructure deal

US stocks moved further into record territory on Friday to secure their strongest weekly performance since February, as enthusiasm for President Joe Biden’s infrastructure spending deal outweighed concern over the highest US inflation reading in 29 years.

The S&P 500 rose 0.3 per cent on the session, ending the week up 2.7 per cent.* The tech-focused Nasdaq Composite closed fractionally down from its record close on Thursday.

US stock markets hit highs after Biden this week secured an infrastructure spending deal worth about $1tn, boosting industrial, energy and financial stocks.

“If enacted, [the infrastructure plan] would increase GDP by roughly

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Nigerian Stock Market Resumes Week With N54bn Loss

The Nigerian equities market began trading for the week yesterday still on negative mood with 0.27 per cent loss due to renewed profit taking.

Specifically, the All-Share Index which opened for the week at 38,648.91 shed 103.61 points or 0.27 per cent to close at 38,545.30.

Accordingly, month-to-date gain moderated to 0.3 per cent, while year-to-date loss increased to 4.3 per cent.

In the same vein, the market capitalisation lost N54 billion or 0.27 per cent to close at N20.089 trillion from N20.143 trillion achieved on Friday.

The market loss was driven by price depreciation in large and medium capitalised

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