Mostly clear and cool. .
Mostly clear and cool.
Updated: June 28, 2022 @ 9:15 pm
A man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
A man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
People wearing face masks walk past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
FILE – An NYSE sign is seen on the floor at the New York Stock Exchange in New York, June 15, 2022. Stocks are drifting mostly lower in early trading on Wall Street Monday, June 27, 2022 as the market cools off following a rare winning week and the best daily gain for the S&P 500 in two years.

A man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
A man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
People wearing face masks walk past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 28, 2022. Asian shares were mixed Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
FILE – An NYSE sign is seen on the floor at the New York Stock Exchange in New York, June 15, 2022. Stocks are drifting mostly lower in early trading on Wall Street Monday, June 27, 2022 as the market cools off following a rare winning week and the best daily gain for the S&P 500 in two years.
BANGKOK (AP) — Asian shares were mostly higher Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week.
Oil prices pushed higher and U.S. futures also advanced.
Rising energy prices and Treasury bond yields were weighing on sentiment after last week’s rally, and investors were awaiting remarks expected for midweek by central bank leaders including Federal Reserve Chair Jerome Powell and European Central Bank chief Christine Lagarde, analysts said.
Investors will get an update on U.S. economic growth on Wednesday when the Commerce Department releases a report on first-quarter gross domestic product. U.S. consumer confidence data is also on the agenda in a week that has few other major economic releases. So some investors have adopted a “wait and see” stance, said Jun Rong Yeap of IG.
“Investors and traders are worried about the soaring inflation situation and weak economic growth, and these two factors continue to flash red signs on their trading dashboards,” Naeem Aslam of Avatrade.com said in a commentary. “The question that traders are asking is if the bear market rally is over.”
Tokyo’s Nikkei 225 index gained 0.7% to 27,049.47 while the Kospi in Seoul added 0.8% to 2,422.09. Australia’s S&P/ASX 200 climbed 0.9% to 6,763.60.
Chinese shares have gotten a boost from the easing of pandemic restrictions as the country’s latest wave of outbreaks abates.
Hong Kong’s Hang Seng index reversed early losses, gaining 0.7% to 22,384.57, and the Shanghai Composite index jumped 0.9% to 3,409.21.
Shares fell in Taiwan and India but rose in Bangkok.
Oil prices extended gains after surging on Monday amid reports that producers in the Middle East were at or near maximum capacity, with little leeway to boost production.
Benchmark U.S. crude oil gained $1.82 to $111.39 per barrel in electronic trading on the New York Mercantile Exchange. It jumped $1.95 to 109.57 per barrel on Monday.
Brent crude, the basis for pricing for international trading, rose $1.79 to $112.77 per barrel. .
On Monday, the S&P 500 slipped 0.3% to 3,900.11. The Dow dropped 0.2% to 31,438.26, and the Nasdaq slid 0.7% to 11,524.55.
Smaller company stocks bucked the broader market’s decline. The Russell 2000 rose 0.3% to 1,771.74.
Stocks closed out last week with solid gains and the S&P 500 posted its best day in two years on Friday. Stocks rallied last week as pressure from rising Treasury yields let up somewhat and investors speculated the Federal Reserve may not have to be as aggressive about raising interest rates as earlier thought as it fights to control inflation.
Treasury yields rose again Monday.
Treasury yields rose. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 3.20% from 3.12% late Friday. It slipped to 3.18% early Tuesday.
Wall Street will have a few more reports this week that could provide more insight into inflation, economic growth and the Fed’s path ahead.
Russia’s invasion of Ukraine in February has sent energy prices soaring, adding to inflationary pressures following the pandemic. U.S. crude oil prices are up more than 40% for the year. Prices for wheat and corn have also surged.
Group of Seven leaders have been finalizing a deal to seek a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions.
In other trading, the U.S. dollar rose to 135.78 Japanese yen from 135.45 yen late Monday. The euro strengthened to $1.0590 from $1.0587.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
 

If you know of local business openings or closings, please notify us here.
· Hunter Pocono Peterbilt plans to move Pocono Township operations to Stroudsburg
· Coal Winery and Kitchen at 81 Broad St., Bethlehem, has closed as its owner searches for a new location for the business, according to its Facebook page. 
· Lowhill Township supervisors approved a 312,120-square-foot commercial warehouse and distribution center on a 43.4-acre tract on the west side of Route 100, south of the Kernsville Road intersection.
· The Mint Gastropub at 1223 W. Broad St., Bethlehem, announced that it has temporarily closed to undergo a merger with a “well-known restaurant group” from Bethlehem.
· The Slatington Farmers Market opened its 28,000-square-foot showroom, which includes space for 53 vendors, as well as a 4,000-square-foot event space.
· St. Luke’s University Health Network opened a new pediatric inpatient unit next to the eight-bed pediatric intensive care unit at St. Luke’s University Hospital – Bethlehem.
· 25th Asian House opened at the location of the former Tin Tin Chinese restaurant in the 25th Street Shopping Center in Palmer Township.
· The Chick-Fil-A in Broadcasting Square shopping center in Spring Township was razed to make way for a new, expanded facility for the popular chicken sandwich restaurant.
· Plans for drive-thru locations of a Chipotle and a Starbucks at the intersection of Ivy League Drive and Kutztown Road were rejected by Maxatawny Township planners.
· Cumru Township plannes reviewed preliminary plans for NorthPoint-Morgantown Commerce Center, a 738,720-square-foot warehouse to be built on 75.2 acres at Morgantown Road (State Route 10) and Freemansville Road.
· Kutztown University has plans to expand its historic Poplar House to 13,161 square feet with an addition around its side and back, but keep the 129-year-old structure intact.
· A wine store and beverage outlet could be coming to a new two-unit building along the commercial strip of Blakeslee Boulevard Drive East in Lehighton, Carbon County.
· ChristianaCare, a Delaware health care organization, has announced it will buy the former Jennersville Hospital in West Grove, Chester County.
· Garden of Health Inc. celebrated the opening of the food bank’s new warehouse at 201 Church Road, North Wales, in Montgomery County.
· Silverline Trailers Inc. opened its first location in Pennsylvania and in the Northeast at 223 Porter Road, Pottstown, where it sells utility, cargo, dump, equipment and car hauler trailers. 
· A new smoothie and bowl restaurant, Sips & Berries, opened at 285 Maple Ave., Harleysville, in Montgomery County.
· Terrain on the Parkway offers 160 new 1-, 2- and 3-bedroom apartments at 1625 Lehigh Parkway East in Allentown. 
· Lehigh Valley native Don Wenner is moving his real estate investment and finance firm DLP Capital from Bethlehem to Allentown at 835 W. Hamilton St.
· While Wells Fargo has been the leader in closing banks lately, it will hold a ribbon-cutting for its new downtown Allentown office at 740 Hamilton St. on June 30.
· If you’re in the market for sterling silver jewelry, minerals and semi-precious gemstones, C& I Minerals is now operating at the South Mall at 3300 Lehigh St. in Allentown.
· The Allentown-based utility company PPL Corp. bought a major Rhode Island utility.
· Ownership at Martellucci’s Pizzeria in Bethlehem has changed, but Paul and Donna Hlavinka and their family are running the pizza place at 1419 Easton Ave., just as it has been operated for 49 years. 
· Dr. Jacob Kasprenski’s new Kasprenski Family Eye Care opened at 1088 Howertown Road, Catasauqua.
· Josie’s New York Deli in downtown Easton closed early in the COVID-19 pandemic, but a June 13 Historic District Commission meeting approved a request for a new sign at its building at 14 Centre Square. 
· Zekraft cafe has opened its second location in the Easton Silk Mill in Easton. The first Zekraft restaurant was opened in Bethlehem. The restaurants’ menus change frequently, with a focus on local ingredients. 
· Manta Massage at 319 Main St., Emmaus, will hold its grand opening on July 10 starting at 11 a.m. 
· The former Iron Lakes Country Club, constructed in the late 1950s and early 1960s, will operate at 3625 Shankweiler Road in North Whitehall Township under its new name, The Club at Twin Lakes. 
· Prologis, a titan in the logistics industry, will own and operate three warehouses proposed in Upper Macungie Township at the former Air Products headquarters campus at 7201 Hamilton Blvd. 
· Lehigh Valley Health Network ceremonially opened its first Carbon County hospital — a $78 million, 100,578-square-foot facility at 2128 Blakeslee Boulevard Drive East in Mahoning Township.
· Pocono Township commissioners voted to accept Swiftwater Solar’s preliminary final plan for the $111 million, 80-megawatt field on a private 644-acre site on top of Bear Mountain that would include about 200,000 solar panels.
· Firetree Ltd. wants to expand its in-patient rehab operation at the former Sands Ford auto dealership at 440 N Claude A Lord Blvd. (Route 61), Pottsville.
· A Dunkin’ in Schuylkill County located at 400 Terry Rich Blvd., St. Clair, has become just the fourth location of the donut and coffee chain to go entirely digital. 
· The Conservatory music school in Bucks County will close after 34 years, and school officials say the COVID-19 pandemic is the cause. The nonprofit, located at 4059 Skyron Drive, Doylestown, will close June 30.
· A Popeyes Louisiana Kitchen and Arby’s will be built on the site of the former Ahart’s Market on Route 22 in Phillipsburg, New Jersey.
· Hunterdon County Chamber of Commerce offices and the Unity Bank Center for Business & Entrepreneurship will be located at 119 Main St., Flemington. 
· Honeygrow opens Quakertown location, next to Chipotle on Route 309, on June 3.
· Dunkin’ reopens remodeled restaurant at 1174 MacArthur Road in Whitehall Township
· Muse Modern Med Spa at 325 Fifth St. in Whitehall Township  will hold a grand opening June 4.
· Around Again, a consignment store, opened at 154 S. Main St., Phillipsburg
· Steak and Steel Hibachi, a restaurant in the works at 44 W. Walnut St., Bethlehem, still plans on opening late this summer. 
· Take It Outdoors Recreation Hub has moved to a spot along the Schuylkill River Trail at Riverfront Park in Pottstown, Montgomery County
· Pedego Electric Bikes has a new outlet in Lambertville, N.J. at 13 N. Union St.
· Amanda Vachris has opened a new Keller Williams Real Estate office at 15 St. John St. in Schuylkill Haven.
· Easton’s new West Ward Market will open Wednesday and be open on Wednesday’s through the summer from 3 p.m. to 7 p.m. The market, created by the Greater Easton Development Partnership, will sell fresh produce on 12th Street, next to Paxinosa Elementary School.
· Ciao Sandwich Shoppe is adding a second location, this time on College Hill in Easton. Ciao plans to open at 325 Cattell St. in late summer. Ciao already operates in downtown Easton at 12 N. Third St
· Ma’s Crepes and Cakes will hold a grand opening and ribbon-cutting June 16 at 46 W. Broadway, Jim Thorpe. The celebration starts at 5 p.m., with the ribbon cutting at 5:45 p.m. 
· Bethlehem’s Back Door Bakeshop will reopen as a wholesale operation at 7 E. Church St. in the city’s historic district. The business was open for nine years as a retail outlet at Broad and Center streets, before announcing in March that it would close the storefront April 3 and “go back to its origins as a wholesale business.”
·The Beef Baron on Catasauqua Road in Bethlehem is closed indefinitely for renovations
· The Brothers That Just Do Gutters are opening a new location in Allentown at 1302 N. 18th St.
· St. John Chrysostom Academy, an Orthodox school serving grades 1-9 starting this fall, held a grand opening at its St. Francis Center, Bethlehem, campus.
· Easton Commons, a shopping center anchored by Giant Foods at 2920 Easton Ave., Bethlehem Township, has a new name: The Shops at Bethlehem.
· Carbon County is getting a taste of Brazil at Uai Brasil BBQ at 315 Lehigh Ave. in Palmerton.
· The Keystone Pub in Bethlehem Township, at 3259 Easton Avenue, has reopened after a lengthy and expensive renovation. 
· The Trading Post Depot opened at 401 Northampton St., Easton. The rustic furniture store makes custom tables for dining rooms, desktops, conference centers and more.
· The Easton area has a new gym: Homemade Fitness at 444 Cedarville Road in Williams Township.
· Il Gaetano Ristorante opened at its 665 Columbus Ave., Phillipsburg, location. 
· Ciao! Sandwich Shoppe to open second location on College Hill in Easton, replacing The Kettle Room
· Rene and Grisellies Benique have opened Ezekiel 47 Cafe at 10 S. Fifth Ave., off Fifth and Penn avenues, in West Reading. 
· Alter Ego Salon and Day Spa in Emmaus is holding a grand opening Sunday, May 22, from 11 a.m. to 3 p.m., with a ribbon cutting at noon. 
· Origen Latin Fusion has opened at the site of the former Tomcat Cafe in Sinking Spring, Berks County. 
· Sellersville Senior Residences will hold a ribbon-cutting ceremony May 24. The Bucks County affordable-housing community for adults 55 and older has 50 apartments, with eight allocated for people with behavioral health needs.
· The House and Barn in Emmaus has opened its Shed outdoor dining and cigar bar area. The House and Barn is at 1449 Chestnut St. in Emmaus.
· Realtor Amanda Vachris and the Schuylkill Chamber of Commerce will hold a ribbon cutting at Vachris’s new Keller Williams Real Estate office at 15 St. John St., Schuylkill Haven, at 4 p.m. on May 24.
· Il Gaetano Ristorante will hold a grand opening on Friday, May 20, at 5:30 p.m. The 665 Columbus Ave., Phillipsburg.
· First Commonwealth Federal Credit Union will hold a grand opening at its new headquarters in Trexlertown, 6126 Hamilton Blvd., on May 18.
· Vinyl Press Signs & Graphics has relocated within Emmaus. The new site is 15 S. Second St., not far from the former Sixth Street location.
· Pedro’s Cafe in Emmaus to close
· SV Sports (formerly Schuylkill Valley Sports) to close Quakertown location
· Flemington DIY will host a Grand Re-Opening on May 14 at 26 Stangl Road, Flemington. The celebration will kick off at 10 a.m. 
· Elpedio’s Ristorante at Seipsville opened at 2912 Old Nazareth Road in Easton. The restaurant is open Wednesday through Sunday.
· Uai Brazil opened at 315 Lehigh Ave, Palmerton, offering both a seated or buffet option. 
· Colombian Mex Restaurant opened at 107 E Union Blvd in Bethlehem, offering traditional Colombian cuisine. 
· Precision Ink opened at 161 W Berwick St. in Easton. 
· King Wing opened a location in Bethlehem at 129 E. Third St., serving wings and sandwiches.  
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