In his new book, the Rochester native, Harvard professor and former IMF chief economist argues that the dollar’s dominance globally gives the U.S. key competitive advantages and is not, as the president believes, a costly burden.
Economy & Business
Navigating a stormy market
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In this volatile period, local investment advisers are trying to calm clients’ nerves—and identify opportunities amid the chaotic changes in stock values.
Economy & Business
Local stocks caught in market upheaval
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Many stocks of local interest have fared worse than the major U.S. indexes amid the decline triggered by Trump administration tariffs and other policies.
Economy & Business
A new cloud over Li-Cycle
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The Toronto-based company, whose nearly $1 billion Rochester Hub construction project is on hold, says a Trump executive order aligns with its role in critical mineral recovery. But the firm has been silent on how the directive might impact the domestic electric vehicle market—its main source of revenues.
Economy & Business
EEP Quality Group cuts ribbon for new facility
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The $3.4 million expansion was won by Rochester-based EEP Quality Group over a firm from South Carolina.
Economy & Business
Another strong year for stocks here, nationwide
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In 2024, the S&P 500 surged more than 20 percent for the second straight year. Some stocks of local interest did even better—but not all.
Economy & Business
Paychex acquiring rival Paycor for $4.1 billion
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The deal will unite two rivals specializing in enterprise benefits, human resources, and payroll solutions.
Economy & Business
Pfisterer eyes global growth with new Rochester facility
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German-based Pfisterer Group, which last week opened its first official manufacturing site in North America at Rochester Technology Park, expects the local facility to play a significant role in its global expansion.
Economy & Business
Inaugural Economic Development Summit slated
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The Nov. 20-21 event is a Global Entrepreneurship Week official activity, bringing together entrepreneurs, business owners, nonprofits, community organizations, and industry leaders.
Economy & Business
Li-Cycle takes steps toward restarting Rochester Hub project
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After pausing construction on its local battery resource recovery hub last year amid soaring costs, the company’s latest quarterly report outlines actions taken to finance the project’s future.
Economy & Business
Xerox’s third-quarter results fall short amid ‘reinvention’
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In the midst layoffs and restructuring, the company has softened its 2024 revenue outlook after seeing diminished third-quarter equipment sales due in part to Hurricane Helene and delayed product launches.