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THURSDAY, DEC. 15, 2016

THURSDAY, DEC. 15, 2016, 12:46 P.M.

Gold can’t catch a break as prices extend slide to 10-month low

A day after the Federal Reserve signaled rates will rise next year faster than expected, the Labor Department released data showing fewer Americans filed for applications for unemployment benefits, validating policy makers’ view of a vigorous labor market. The dollar climbed to the highest in more than a decade, diminishing the appeal of gold as an alternative investment.

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 (Don Ryan / AP)

THURSDAY, DEC. 15, 2016, 11:47 A.M.

US average 30-year mortgage rate rises to 4.16 percent

WASHINGTON – Long-term U.S. mortgage rates climbed for the seventh straight week following Donald Trump’s election victory, again marking new highs for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed rate loan rose ...

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WEDNESDAY, DEC. 14, 2016

In the newly renovated Hotel RL by Red Lion lobby, hotel quests lounge in cocoons hanging from a pergola. The downtown hotel, along the north bank of the Spokane River, has been remade to be more inviting to guests and the community. (Colin Mulvany / The Spokesman-Review)

WEDNESDAY, DEC. 14, 2016, 3:51 P.M.

Red Lion Hotels announces stock offering

Red Lion Hotel Corp., a Spokane-based chain with ambitious growth plans, has announced its intent to raise money through a public stock offering. Wednesday’s announcement contained few details. The company didn’t list how much it planned to raise or a ...

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Schweitzer Mountain Resort will open its new Sky House mountaintop lodge early next week. The two-story lodge has a restaurant, bar and café, and offers panoramic views of the Selkirk Mountains, Lake Pend Oreille and the resort. (Schweitzer Mountain Resort)

WEDNESDAY, DEC. 14, 2016, 1 P.M.

Schweitzer Resort ready to open Sky House summit lodge

Visitors to Schweitzer Mountain Resort soon can sit on top of the world with a warm drink in their hands. The ski resort near Sandpoint is about to open Sky House, a year-round lodge at the peak of Schweitzer Mountain. The two-story lodge with a restaurant, bar and café offers panoramic views of the Selkirk Mountains, Lake Pend Oreille and the entire resort.

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WEDNESDAY, DEC. 14, 2016, 12:05 P.M.

What a Fed rate hike means for your personal finances

Maybe this time higher interest rates actually mean higher interest rates. A year ago, the Federal Reserve lifted the key U.S. interest rate for the first time in more than nine years. Counterintuitively, mortgage rates then fell, and homebuyers had one more chance to refinance at historically low rates.

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WEDNESDAY, DEC. 14, 2016, 11:54 A.M.

U.S. stock indexes slip following Fed rate hike

NEW YORK – U.S. stock indexes are slipping Wednesday after the Federal Reserve raised interest rates for only the second time in a decade on the back of a strengthening job market. Utilities and real estate companies, which would stand to lose more than other companies from rising interest rates, fell more than the rest of the market. Banks, which would benefit from higher rates since they can charge more to lend money, held up better than other sectors.

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The Dirt

Here's the dirt

See the latest new construction, business openings and closures and progress on ongoing projects here.


Blogs

The Wednesday Slice question

Have you ever sent an email to someone who had recently passed away (even though you had heard the sad news before you sent your message)? What did you say?




Parting Shot — 1.17.17

A woman carries her pet outside the San Nicolas church during the feast of St. Anthony, Spain's patron saint of animals, in Pamplona, northern Spain, Tuesday. The feast is celebrated ...





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