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Chemours representative speaks at chamber summit

WHITE SULPHUR SPRINGS — Chemours facilities in West Virginia are at the forefront of providing materials for high-technological products, according to the company’s president of Advanced Performance Materials. Gerardo Familiar, president of Advanced Performance Materials at Chemours, was interviewed by Rebecca McPhail, president of the West Virginia Manufacturers Association, this week at the West Virginia Chamber of Commerce Annual Meeting and Business Summit at The Greenbrier in White Sulphur Springs. Familiar cited Chemours’ history of industry leadership in the state at its ...

Powell: Economy’s solid growth could require more Fed hikes to fight inflation

JACKSON HOLE, Wyoming (AP) — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep inflation pressures high. He reiterated the Fed’s determination to keep its benchmark rate elevated until inflation is reduced to its 2% target. “We are attentive to signs that the ...

Hawaiian Electric shares plunge after utility is sued over devastating Maui fires

NEW YORK (AP) — Shares of Hawaiian Electric Co.’s parent fell more than 18% by market close Friday, one day after the utility was sued by Maui County over the fires that devastated Lahaina earlier this month. Maui County accused Hawaiian Electric of negligently failing to shut off power despite exceptionally high winds and dry conditions — saying that the destruction from the deadly Aug. 8 fires could have been avoided if the company had taken essential actions. Outrage towards Hawaiian Electric grew as witness accounts and video indicated that sparks from power lines ignited ...

Auto workers vote overwhelmingly to let union leaders call strikes against Detroit companies

LOUISVILLE, Ky. (AP) — Auto workers have voted overwhelmingly to give union leaders the authority to call strikes against Detroit car companies if a contract agreement isn’t reached. The United Auto Workers union said Friday that 97% have voted in favor of authorizing one or more strikes against Stellantis, General Motors and Ford. Such votes are almost always approved by large margins. Contracts between the union representing about 146,000 workers at Stellantis, General Motors and Ford expire at 11:59 p.m. on Sept. 14. UAW president Shawn Fain said earlier this week that ...

Wall Street climbs to clinch its first winning week in a month

NEW YORK (AP) — Stocks rose Friday to send Wall Street to its first winning week since July after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 climbed 29.40, or 0.7%, to 4,405.71 after flipping between small gains and losses a few times through the day. The Dow Jones Industrial Average rose 247.48 points, or 0.7%, to 34,348.90, and the Nasdaq composite gained 126.67, or 0.9%, to 13,590.65. In a highly anticipated speech, Fed Chair Jerome Powell said again that it will make upcoming decisions on interest ...