Business category, Page 35
Trump’s push to save the fading coal industry gets warm embrace in West Virginia
FAYETTEVILLE, W.Va. — The winner of this year’s West Virginia Coal Festival teen beauty pageant walks among the ruins of a community abandoned 70 years ago and imagines the rusted remains of coal tipples and processing plants coming back to life. Ava Johnson knows West Virginia coal will not ever...
Market turmoil has many afraid to check retirement savings
NEW YORK — Michael Montgomery used to check the balance on his retirement account once a week and smile. But lately, not wanting to get upset and question if he could retire in a few years, there was only one solution. “I’m not looking,” says the 66-year-old professor from Huntington...
U.S. Sen. Dave McCormick reports Trump administration making progress on trade deals
U.S. Sen. Dave McCormick said Friday the Trump administration is making progress toward finalizing trade deals with multiple countries. McCormick said U.S. Trade Representative Jamieson Greer told him during a meeting this week that “a number of countries had come forward with very specific proposals, in the dozens,” and the...
Elon Musk’s X sues to overturn Minnesota political deepfakes ban
MINNEAPOLIS — X Corp., the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates, saying it violates First Amendment speech protections. The company’s federal lawsuit filed this week also contends the 2023 state...
Most Americans expect higher prices as a result of Trump’s tariffs, new poll finds
WASHINGTON — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being steered into a recession and that the president’s broad and haphazardly enforced tariffs will cause prices to rise. Roughly half...
Tariffs spark fireworks order cancellations as America’s 250th looms
Steve Kubrick believes he might have dodged a bullet for buying his fireworks for an Independence Day display in New Kensington last year before the U.S. tariffs on China came in. “I bought mine last year,” said Kubrick, owner of the AK Valley Park in New Kensington. “That might have...
March home sales slowed in a lethargic opening to the spring buying season
Sales of previously occupied U.S. homes slowed in March, a sluggish start to the spring homebuying season as elevated mortgage rates and rising prices discouraged prospective home shoppers. Existing home sales fell 5.9% last month from February to a seasonally adjusted annual rate of 4.02 million units, the National Association...
Pastor calls for ‘full Target boycott’ over concerns about diversity, equity, inclusionVideo
ATLANTA — The pastor of a Georgia megachurch who led a nationwide 40-day “fast” boycott of Target stores over the retail chain’s commitment to diversity initiatives is now calling for that effort to continue as a “full Target boycott.” The Rev. Jamal Bryant said this week that the Minneapolis-based retailer...
A dozen states sue Trump administration to stop tariff policy
NEW YORK — A dozen states sued the Trump administration Wednesday in the U.S. Court of International Trade in New York to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy. The lawsuit said the policy put in place by President Donald Trump...
Feds OK settlement between Shapiro, grid manager to control electricity prices
Federal regulators approved a deal between Gov. Josh Shapiro and PJM Interconnection to limit some electricity price hikes. PJM is a regional transmission organization, which works to secure generation capacity for utility companies within its 13-state network. It holds annual auctions in which the lowest bidder earns the right —...
26 Walmart stores in Pa. to be remodeled
Walmart announced Wednesday it plans to remodel 26 stores across Pennsylvania this year, including some local shops. The nearest stores in the greater Pittsburgh area getting remodeled include Richland, Harrison, Johnstown, Washington, Somerset, Monaca and Punxsutawney. The remodels will focus on enhancing the associate experience and community engagement, Walmart said....
New York City firm gets initial OK for solar farm on site of former Unity stone quarry
A New York City-based solar farm developer has passed the first hurdle in its plan to develop an array along a rural road in Unity. The township zoning hearing board on Tuesday unanimously approved a special exception that will allow CVE North America to pursue installation of a solar farm...
Trump says he has no intention of firing Fed chief Jerome Powell
President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates. “Never did,” Trump told reporters on Tuesday. “The press runs away with things. No, I have no intention of firing...
Hillandale Farms, giant egg producer, sells for $1.1B
Hillandale Farms, among the nation’s top egg producers with a corporate office in Hempfield, was sold last month for $1.1 billion to a Luxembourg-based company. Hillandale Farms, founded by Orland Bethel in 1958, sold its 20-million chicken operations in late March to Global Eggs, according to news reports. Hillandale Farms...
Treasury secretary says trade war with China is not ‘sustainable’Video
WASHINGTON — Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between...
Elon Musk says he’ll spend less time in Washington and more time running Tesla after its profit plunges
NEW YORK — Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits. Musk said on a conference call with analysts Tuesday that “now that the major work of establishing Department...
Wall Street rallies, recovers Monday’s losses as the dollar and U.S. bond market steady
NEW YORK — Stocks jumped in a widespread rally Tuesday, and other U.S. investments steadied a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve. The S&P 500 climbed 2.5%. The Dow Jones Industrial Average rose 1,016...
Gold soars to a new high as economic uncertainty deepens. Here’s what to know
NEW YORK — As economic uncertainty deepens worldwide, gold prices have notched more and more record highs. That’s because gold sales can rise sharply when anxious investors seek “safe havens” for parking their money. Gold’s current rally arrives as President Donald Trump’s announces new tariffs on economic allies and foes...
U.S. and global economic outlook deteriorates in Trump trade war, IMF says
WASHINGTON — The U.S. and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday. The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January...
Walgreens to pay up to $350 million in U.S. opioid settlement
Walgreens has agreed to pay up to $350 million in a settlement with the U.S. Department of Justice, who accused the pharmacy of illegally filling millions of prescriptions in the past decade for opioids and other controlled substances. The nationwide drugstore chain must pay the government at least $300 million...
Sellers of secondhand clothes prepare for tariffs to give their businesses a boost
NEW YORK — Stores selling secondhand clothes, shoes and accessories are poised to benefit from President Donald Trump’s trade war even as businesses the world over race to avert potential damage, according to industry experts. American styles carry international influence, but nearly all of the clothing sold domestically is made...
Trump renews attacks on Federal Reserve Chair Powell, accelerating U.S. market slide
WASHINGTON — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually...
Google faces off with U.S. government in attempt to break up company in search monopoly case
Google is confronting an existential threat as the U.S. government tries to break up the company as punishment for turning its revolutionary search engine into an illegal monopoly. The drama began to unfold Monday in a Washington courtroom as three weeks of hearings kicked off to determine how the company...
Wall Street, dollar tumble as investors retreat further from the United States
NEW YORK — Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order. The S&P 500 sank 2.4% in another wipeout. That yanked the index that’s at...
Strollers and other baby products will get more expensive — and harder to find — with tariffs
Sam Rutledge and his wife have a baby due in mid-July, so they thought they had a few more months to research and buy the gear they’ll need. But President Donald Trump’s tariff announcement in early April turned the couple’s slow walk into a sprint. In the past few weeks,...
