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Recession

Business
'New Chapter': Popular Pizzeria That Closed Last Year Coming Back In New Town 'New Chapter': Popular Pizzeria That Closed Last Year Coming Back In New Town
'New Chapter': Popular Pizzeria That Closed Last Year Coming Back In New Town A beloved pizzeria that closed last year after 76 years in business announced it's reopening in a new town. Salerno's Apizza called Stratford home for decades, but in a Facebook post, owner Carlo Salerno said he is finalizing negotiations to open a new storefront in Shelton. He can't say exactly where it will be.  While we can’t reveal the exact location just yet as we are still negotiating on the exact location, we promise it’s coming soon! Once everything is confirmed, you’ll be the first to know! And… from the bottom of our hearts, thank you for your incredible p…

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by Josh Lanier
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier