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New Mexico feels pinch from oil, gas drilling push

SANTA FE, N.M. — A Republican push to make drilling cheaper on federal land is creating new fiscal pressure for states that depend on oil and gas revenue, most notably in New Mexico as it expands early childhood education and saves for the future. The shift stems from the sweeping law President Donald Trump signed in July that rolls back the minimum federal royalty rate to 12.5%. That rate — the share of production value companies must pay to the government — held steady for a century under the 1920 Mineral Leasing Act. It was raised to 16.7% under the Biden administration in ...

US tariffs having uneven effect on holiday prices, purchases

NEW YORK — The Ah Louis Store in San Luis Obispo, California, turns into a winter wonderland every holiday season. Green garlands, giant nutcrackers, baubles and bows go up in early November on the historic downtown building that houses the gift shop. Inside, customers can choose from over 500 different types of ornaments and a variety of holiday gift baskets. “We really just make it a magical spot,” co-owner Emily Butler said. “Whether you come in or not, we want to make sure that we’re spreading that holiday joy.” But Butler says she and her twin sister-business ...

Stocks rise on Wall Street as AI stocks turn higher again

NEW YORK — Stocks gained ground on Wall Street Friday for a second straight day, wiping away losses from earlier in the week. Technology stocks were once again the main force behind the market’s broader moves, especially companies with a focus on artificial intelligence. Both the S&P 500 and the Nasdaq closed out the week with gains, despite several stumbles early this week. The S&P 500 rose 59.74 points, or 0.9%, to 6,834.50. It notched a 0.1% gain for the week. The Dow Jones Industrial Average rose 183.04 points, or 0.4%, to 48,134.89. The technology-heavy Nasdaq made the ...

Renovation nearly finished at The Huntsman Lanes

MARTINSBURG The Huntsman Lanes at Morrisons Cove Memorial Park are expected to reopen at 7 p.m. Friday after completion of a renovation project. The $300,000 project, which began Dec. 8, includes all new pin setters, ball returns and electronic scoring system for the 10-lane facility. The entire cost is being funded with donations, grants and bowling alley revenue. PITTSBURGH FNB to use Payment Switch F.N.B. Corporation, the holding company for First National Bank, announced it is among the first wave of banks to introduce Payment Switch, a service that enables customers to ...

New Chipotle to open in Ebensburg

EBENSBURG Chipotle Mexican Grill will open for business Thursday at 4580 Admiral Peary highway in Ebensburg. The restaurant features the brand’s signature Chipotlane, a drive-thru pick-up lane that allows guests to conveniently pick up digital orders without leaving their cars. Business hours will be 10:45 a.m. to 10 p.m. seven days a week. The new restaurant is expected to employ about 30 people. Home show booths available The Blair County Chamber of Commerce and the Blair Bedford Builders Association are now accepting vendor booth reservations for the Blair County Home, Garden ...