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Business

Stock shorters reap profits on Truth Social bets

NEW YORK (AP) — Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth ...

Advanced Machine: Owner of The Maxx goes back to trade roots

IRON MOUNTAIN — The owner behind The Maxx Entertainment Center and Grow Maxx has a new venture on Iron Mountain’s north side. Dave Fraser recently started Advanced Machine in the same building as his other two businesses at 2202 Aragon St. Fraser said barely a month ago he was ready ...

US growth slowed sharply last quarter to 1.6% pace, pressured by high rates

WASHINGTON (AP) — The nation's economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday's report from the Commerce Department said the gross domestic product ...

R Place keeping a tradition alive

SPALDING — A coming-together of two businesses has created an area favorite in Spalding. Troy Veraghen is a lifelong area resident and his family has a long history with food service. For more than a half-century his grandparents and then his parents owned and operated the Big R Cafe, a ...

First aid for vehicles: EMS gives rise to Integrity Automotive Care in IM

IRON MOUNTAIN — Integrity CARE EMS has provided ambulance service in the area since 2016. But starting in March, the site began offering vehicle repairs as well through Integrity Automotive Care, owned by Jessica Smith and Don Koerner. “People know that we are an ambulance service ...