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Stock futures slip as investors eye debt ceiling clash in Washington

Futures linked to the Dow Jones Industrial Average fell by 61 points, or 0.2%. S&P 500 futures declined by 0.2%, and Nasdaq-100 futures were down 0.1%. Treasury Secretary Janet Yellen previously warned lawmakers that a potential default in early June is “highly likely.” House Speaker Kevin McCarthy said he had a “productive” discussion with President Joe Biden on Monday. Nonetheless, there were few indicators of progress made in negotiations on Tuesday.

 

Read More: CNBC
Departures of Flying Dog, Guinness reflect industry trends, experts say

Weeks after Guinness filed plans to shutter its Baltimore County manufacturing plant, Flying Dog Brewery this week announced it will close its Frederick facility. But the departures are more indicative of industry trends than of a brewery problem in the state, say industry experts. Guinness’s parent company, Diageo North America, plans to close its Baltimore County site on June 9, according to a March filing with the Maryland Department of Labor.

Why you can count Montgomery County out on a new stadium for the Commanders

Montgomery County native Josh Harris is closing in on a purchase of the Washington Commanders. His group of limited partners includes a slate of businessmen who also have deep ties to the suburban Maryland county, including Danaher Corp. co-founder and Glenstone owner Mitchell Rales, serial investor Mark Ein and Michael Sapir, CEO of Bethesda’s ProShares. Given all those deep-pocketed local connections, is the county interested in getting in the game for the Commanders’ next stadium?

Meet this year’s winning companies and learn what it takes to create a great workplace

If your workplace was a fictional company or TV show, which one would it be? That’s one of the questions we asked this year’s Best Places to Work winning companies as part of our Mad Libs-themed special section. We got a variety of answers but the most popular response was “Cheers,” a.k.a. the place where everybody knows your name. Perhaps it’s not surprising that amid all the uncertainty of the last few years, employees are giving high marks to organizations that make an effort to know them personally rather than just seeing them as another line on a spreadsheet.

North Baltimore hospital holds groundbreaking for cancer treatment facility Tuesday

The facility, located on Greenspring Avenue, will include several treatment and exam rooms, centralizing the hospital’s oncology services, according to a news release. Sinai Hospital is part of the LifeBridge Health system.

Three baseballs sit in a field of turfgrass at Camp Nubability's annual kids camp for limb different children. This image was taken by one of the camp coaches, Caitlin Conner.
Orioles unveil City Connect uniforms, with colorful interior reflecting Baltimore’s neighborhoods

The Orioles on Monday unveiled their City Connect uniforms, paying tribute to Baltimore with a uniform that, like the city, has more to it than what’s visible from outside. With a black uniform featuring much of its color on the interior — which the club noted with pride is a first — the Orioles became the 19th team to participate in the City Connect series, part of a partnership between Major League Baseball and Nike. Orioles players and coaches will first wear the uniforms in a game Friday night against the Texas Rangers.

Read More: Baltimore Sun
New York company buying Flying Dog Brewery, will cease brewing in Frederick

Frederick’s Flying Dog Brewery is being sold to a New York company whose brands include Saranac and Utica Club, the companies announced Monday. The financial terms were not disclosed. The new owner, Utica-based FX Matt Brewing Co., was founded in 1888 and is the fourth-oldest family brewery in the United States, Flying Dog said in a press release.

 

Bethesda property tech firm Brivo lands $92 million in equity funding, eyes M&A

Bethesda-based property technology firm Brivo Inc. has landed a $92 million equity investment from the multi-billion-dollar Tokyo security company Secom Co. Ltd. The funding deal, announced Wednesday, comes less than a year after Brivo’s plans to go public through a merger with a special purpose acquisition company fell apart amid a downturn in the financial markets that caused many such deals to collapse. That deal, which was terminated in August, was expected to net Brivo about $304 million.

Giant Food to open new grocery store in Baltimore County

Giant Food will open a new store at a Baltimore County retail center, taking over an anchor space from another grocer that’s set to close this summer. Landover-based Giant will open at Perring Plaza in Parkville in the second quarter of 2024 after renovations to the 55,000-square-foot space, said Felis Andrade, a spokeswoman for Giant, on Monday. The store will replace a Shoppers, which has been an anchor at the center for years but announced in early Mary that it was closing July 15 and laying off 49 workers.

Taxi for hire
Md. gains 8K jobs in April as unemployment drops again

Maryland gained 8,000 jobs in April as the state’s unemployment rate dropped to 2.5%, according to preliminary data released Friday by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). This is the third consecutive month of record-setting low unemployment in the state and is now the lowest since the BLS began publishing unemployment estimates for Maryland in January 1976.

 

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