(Bloomberg) — While the jury is still out on whether Bitcoin is a bubble, one thing is certain: it’s unlike any other bubble we’ve seen. Previous speculative asset-inflation episodes were either a one-off, like tulip mania in the 17th century, or the boom-doom cycle took many years, like gold. Bitcoin, by comparison, has survived three Read More…
BOZEMAN, Mont. – Despite the increase in air travel over the holidays the Bozeman Yellowstone International Airport (BZN) still reported a 43.5% decline in passenger numbers in 2020 compared to the record 2019 year. On a national basis, the Transportation Security Administration reported a 60.7% decline in passenger throughput across 440 U.S. airports. Bozeman Yellowstone Read More…
Fort Worth-based BNSF Railway has proposed a plan to reduce the number of grizzly bears killed by its trains in Montana. In 2019, BNSF trains killed eight grizzlies. That year, one of its locomotives killed a cow and that carcass attracted grizzlies. Two of them died in train collisions and three others were killed by Read More…
MENLO PARK, Calif. – Facebook has reportedly sent out an internal memo about employee safety, warning staff to avoid wearing or carrying company branded items in public. According to Business Insider, the Menlo Parked-based social media company sent out the memo on Monday, stating, “In light of recent events, and to err on the side of caution, global Read More…
New York (CNN)One of Berkshire Hathaway’s largest units, BNSF Railway, just named Kathryn Farmer as its first female CEO. This appointment makes Farmer the first woman in America to lead a major railroad operator, the company announced Monday. Farmer is taking the place of Carl Ice, who has worked at Berkshire Hathaway (BRKA) for 42 years. Farmer has been Read More…
Montana State Fund (MSF) will be paying a $20 million dollar dividend back to policyholders in mid-November. This is the 22nd consecutive year the MSF Board of Directors has declared a dividend. They’ve returned a total of $306 million to policyholders since 1999, $165 million since 2015 alone. “It tells us we’re making progress in Read More…
MISSOULA, Mont. — A western Montana company made the cut in an international competition to come up with U.S. Air Force security solutions. Adelos, Inc. is a subsidiary of S&K Technologies, Inc. and owned by the Confederated Salish and Kootenai tribes. We showed you their groundbreaking technology two years ago when they proposed alternative security solutions Read More…
WHITE SULPHUR SPRINGS, Mont. — Whether working on her family’s farm as a kid in Connecticut or leading trail crews in the backcountry after college, Sarah Calhoun always struggled to find comfortable work clothes. The work pants she found were designed for men, not women. So she decided to design her own line of pants. Today, Read More…
F.H. Stoltze Land and Lumber, builder Pat Clark and other investors last week announced a joint venture to create a new mass timber production facility to build large format, cross-laminated timber panels in Columbia Falls. New new company, called Stoltze Timber, eventually will be located across the road from the Stoltze plant west of Columbia Read More…
Nearly $138 million has been sent to small businesses through the Montana Business Stabilization Grant program since the program launched in May. For a lot of recipients, the program has been a much needed lifeline that has kept their business from going under. “We have been extremely grateful for it,” said Brianne Harrington, owner of Read More…
As the stock market and some companies thrive, many small business owners continue to struggle six months into the coronavirus pandemic. CNN’s Vanessa Yurkevich reports. WATCH FULL STORY
BUTTE – Just as Butte’s tourism season was getting started, coronavirus dealt the hotel industry a vicious economic blow. “Who knew? Who knew that we would ever come across something like this?,” said Maria Pochervina, director of the Tourism Business Improvement District. READ FULL STORY
The Census Bureau released new phase two data from its Small Business Pulse survey last week, showing some of the sectors most impacted by the coronavirus pandemic. What they found: Hiring and rehiring have slowed and businesses now broadly say they expect recovery from the pandemic to take much longer than previously thought. 44% of respondents expect recovery will take Read More…
Elon Musk’s personal wealth is soaring along with Tesla’s stock. The CEO’s net worth increased by nearly $8 billion on Monday as Tesla’s stock price jumped 11% and closed at an all-time high. Musk’s net worth is now $84.8 billion, making him the world’s fourth-richest person, according to the Bloomberg Billionaires Index. Musk overtook Bernard Arnault, the French billionaire and Read More…
Billings AMC theaters will reopen at the end of August after being closed for almost six months. Nationwide AMC Theaters will begin to reopen on Aug. 20, with retro ticket prices of 15 cents per movie. The company said it expects to open doors to more than 100 cinemas, about a sixth of its Read More…
Kimpton Hotels and Resorts newest hotel, the Kimpton Armory Hotel in Bozeman, Montana, will debut August 18, becoming the brand’s first property in Montana. Located in a landmark National Guard Armory building joined by a new tower in Bozeman’s downtown, the hotel blend “Montana’s rugged beauty and the storied history of the building” with modern amenities. This Read More…
The Hagadone Media Group has launched a new grant program offering up to $1 million in matching advertising funds to assist locally owned businesses that have been impacted by the coronavirus outbreak. Grants will be awarded in amounts up to $10,000 per month and can be used toward print or digital advertising in local Hagadone Read More…
St. Vincent Healthcare officials announced Wednesday the hospital was recognized as one of the top 100 hospitals in the nation by IBM Watson Health. The Billings hospital is the only of its kind in Montana to receive this distinction. This is the second year in a row for the recognition. St. Vincent is also the Read More…
Christopher Vanderpool works shifts as a “health ambassador” at a Walmart in Fayetteville, N.C., For $11 an hour, he stands in the parking lot asking customers to put on masks before entering the store. Many abide by the rule. Others, the 18-year-old said, “will say ‘No, I am not wearing that garbage,’ or some expletive.” Read More…
It’s a device that looks like a blend between a beverage cart and a robot, but it is meant to help continue the fight against coronavirus. On Wednesday, JetBlue has become the first airline in the country to use new cutting-edge UV light technology in its cleaning efforts as a means to fight the coronavirus. Read More…
Oil production from the Bakken oil fields of North Dakota fell to a 7-year low of 827,000 barrels per day in May (Figure 1). That is a drop of almost 550,000 barrels per day (-40%) since March. Most of the decrease in output is because more than 2,800 wells were shut in over the last Read More…
Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits. Here’s how Elon Musk’s electric car and renewable energy business did versus analysts’ expectations, according to estimates compiled by Refinitiv. Earnings: $2.18 (ex-items) vs. 3 cents per share, expected. Revenue: $6.04 billion vs. Read More…
Ford Motor is taking a run at the nation’s No. 1 off-road seller, the Jeep Wrangler, with its highly anticipated relaunch Monday night of the Bronco SUV — a boxy utility vehicle that developed a cult following after it was discontinued in 1996. Ford is pricing the new Bronco starting at $29,995, including destination charges, just $205 above Read More…
FedEx Express and FedEx Ground employees in a Montana city will soon be working in the same building, and, for some shipments, together. FedEx Express employees in Kalispell, Montana, will conduct operations at FedEx Ground’s facility there once a building lease begins August 31. The two companies’ work in that building “will remain independent of Read More…
Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s Berkshire’s first major purchase since the coronavirus pandemic and subsequent market collapse in March. At his annual Read More…
Inimmune, a Missoula-based biotech company founded by nationally recognized vaccine scientists that has been working on a vaccine for COVID-19, announced today that it has raised $22 million in Series A funding led by Two Bear Capital, a venture-capital firm founded by Whitefish philanthropist Mike Goguen. The firm plans to use the Series A investment Read More…
WHITEFISH — Whitefish Mountain Resort is taking extra precautions for all of their activities on the mountain due to coronavirus concerns. Elyse Knudsen, risk control manager with Whitefish Mountain Resort, said that the resort is being extra careful with guests. Before the summer season started the resort assessed all possible contact points between guests and Read More…
Just about every business has had to adapt to COVID-19 in one way or another, creating a financial strain for many organizations. In addition to a drop in customers, the cost of safety precautions like masks and hand sanitizer can be a burden on organizations. Since March, Blackfoot River Brewing Co. in Helena has moved Read More…
COVID-19 cases are increasing in Montana, and a group of businesses in downtown Bozeman have decided to do something. “We do have an uptick in cases, and hopefully, this will slow it down. In our industry, we need to show that we’re willing to do our part. But we’ve also got families to feed and Read More…
A long-anticipated grocery store and a new Town Pump are under construction on neighboring parcels on Bozeman’s north side. Construction of WinCo Foods is underway on Max Avenue near Staples, just off of North 19th Avenue. The employee-owned grocery store, based in Boise, Idaho, first tried for a Bozeman location in April 2016 but withdrew those Read More…
BILLINGS- A former market president for Rocky Mountain Bank has admitted to fraud and money laundering crimes. A release from the Department of Justice says 46-year-old Stephen Phillip Casher was charged in a 14-count superseding indictment alleging bank fraud and related crimes. The prosecution presented evidence in court records at trial that Casher worked as Read More…
AT&T is notifying thousands of employees that their jobs are being eliminated as part of a $6 billion cost-cutting push, an attempt to slim down one of the most heavily indebted companies in the U.S. The cuts follow through on a plan that Chief Executive Officer Randall Stephenson outlined in October when he said the Read More…
The Securities and Exchange Commission told Hertz, which filed for bankruptcy during the coronavirus pandemic, that the regulator has issues with the rental car company’s plan to sell stock. “In this particular situation we have let the company know that we have comments on their disclosure,” SEC Chairman Jay Clayton said Wednesday on CNBC’s “Squawk on the Street.” “In Read More…
KALISPELL, Mont. — Summer officially begins at Whitefish Mountain Resort this Saturday. The resort will be opening nearly all its outdoor activities, including over 30 miles of mountain bike trails. As snow continues to melt, more trails will open throughout the season. The resort will also be opening three brand-new trails expected to be completed by Read More…
The Federal Reserve Bank of Kansas City announced on Thursday that its popular annual economic policy symposium will not be held in Jackson Hole, Wyoming, for the first time in nearly 40 years due to the coronavirus pandemic. Instead, the bank said that this year’s symposium, titled “Navigating the Decade Ahead: Implications for Monetary Policy,” will be Read More…
Richland County is among a handful of statewide areas designated as a “Destination Community.” As part of the Phase 2 Reopening of Montana scheduled to begin on June 1, Gov. Steve Bullock announced that 20 counties — including Richland — would be eligible for additional financial assistance through two new initiatives to help protect Read More…
There’s another twist in the years-long legal battle over the operation of a Creston bottled water plant, with the Montana Supreme Court overturning a lower court ruling which had blocked permits. Local residents and conservation groups have been fighting the plans of Montana Artesian Water Company to pump enough water to fill more than 1-billion Read More…
The debate over how to dispose of the Bakken’s radioactive oilfield waste has prompted a small group of lawmakers from North Dakota and Montana to start collaborating. The conversations come as Montana prepares to enact a formal rule capping the radiation level of oilfield waste disposed of at landfills in the state. Much of the Read More…
Economists were shocked on Friday as the Bureau of Labor Statistics said US employers added 2.5 million payrolls in May, defying expectations of 7.5 million jobs lost. The surprise increase came on the heels of the record 20.5 million jobs lost in April. The unemployment rate declined to 13.3%, bucking forecasts of a near-record 19% rate. April’s Read More…
JCPenney has released their list of stores they are closing. The list shows 154 stores that they have decided to close, including one in Montana. The Gallatin Valley Mall JCPenney is the only location in Montana currently set to close. “While closing stores is always an extremely difficult decision, our store optimization strategy is vital Read More…
It’s no secret that the newspaper industry across the country has been facing challenges for the past few years. Falling subscriptions and ad dollars have been attributed to the internet and the current way that many of us consume news and information. Why wait for a morning newspaper when instant info is available 24-7 right on our Read More…
When Joe Unterreiner became the Kalispell Chamber of Commerce president and chief executive officer in 1996, he thought he’d only be there for a few years. But 24 years later, he’s finally decided to transition into retirement starting this October. “It’s been a really great run … I really enjoyed the work, obviously, or I Read More…
KULR (Billings)- It started in a brainstorm session, but evolved into something much larger, all to recognize area high school seniors. Lets face it, being a graduating senior is not the most ideal of situations right now. In a team effort, one Billings commercial print shop is providing area seniors a momento to remember their Read More…
Amidst widespread coal layoffs throughout the Powder River Basin in recent months and an industry rocked by plummeting prices and decreased demand, Decker Mine reverses course, offering a but of good news for the future of western coal. After laying off nearly 30% of its workforce earlier this month, all 98 furloughed Decker Coal Company Read More…