ECONOMICS NEWS

Comic-onomy: World-famous convention takes care of hometown businesses
Local bookstore Mysterious Galaxy says San Diego Comic-Con is their biggest event of the year.

Source: Bree Steffen
Friday, Jul 26 2024

How farmers protect waterways and prevent algal blooms
With algal blooms on the rise, many farmers in New York have dedicated their careers to protecting waterways.

Source: Emily Kenny, Report for America corps member
Friday, Jul 26 2024

Historic Mari Jean Hotel in St. Pete damaged by lightning
A historic building along Central Avenue in St. Petersburg is being repaired after lightning struck its 100-year-old facade on Wednesday.

Source: Nick Popham
Friday, Jul 26 2024

A widespread rally on Wall Street sends stocks rising
The S&P 500 rose 1.3% Friday following stronger-than-expected profit reports from 3M and other big companies.

Source: Associated Press
Friday, Jul 26 2024

Nearly $9 million invested in Ohio's meat supply chain
The money will be used for two projects within the state.

Source: Chuck Ringwalt
Friday, Jul 26 2024

Federal Reserve's preferred inflation gauge cools, adding to likelihood of September rate cut
Compared with a year earlier, inflation declined to 2.5% from 2.6%.

Source: Associated Press
Friday, Jul 26 2024

Days later, airline passengers still dealing with effects of CrowdStrike outage
The outage affected industries worldwide, including banks, hospitals and governments, along with air travel.

Source: David Williams
Friday, Jul 26 2024

Video game performers will go on strike over artificial intelligence concerns
Hollywood’s video game performers are going on strike, throwing part of the entertainment industry into another work stoppage after talks for a new contract with major game studios broke down over artificial intelligence protections

Source: Associated Press
Thursday, Jul 25 2024

Workers link US, Canadian sides of new Gordie Howe International Bridge over Detroit River
Workers have linked the U.S. and Canadian sides of the new Gordie Howe International Bridge spanning the Detroit River

Source: Associated Press
Thursday, Jul 25 2024

Southwest Airlines plans to start assigning seats, breaking with a 50-year tradition
Southwest Airlines plans to drop the open-boarding system it has used for more than 50 years and will start assigning passengers to seats, just like all the other big airlines

Source: Associated Press
Thursday, Jul 25 2024

Bio-solids facility recycling waste into fertilizer thanks to partnership between Pasco County and FloridaGreen
Pasco County's biosolids facility is recycling waste into the highest rating of fertilizer.

Source: Calvin Lewis
Thursday, Jul 25 2024

Kroger, Albertsons agree to temporarily halt merger plans while Colorado lawsuit proceeds
Supermarket chains Kroger and Albertsons on Thursday agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections

Source: Associated Press
Thursday, Jul 25 2024

MGM Springfield predicts large turnout of sports bettors during Paris Olympics
It will be the first time MGM Springfield will be allowed to accept wagers during the Olympics.

Source: Richard Damas
Thursday, Jul 25 2024

Vaya Space getting closer to its first launch
Vaya Space is building its Dauntless rocket.

Source: Greg Pallone
Thursday, Jul 25 2024

Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices

Source: Associated Press
Thursday, Jul 25 2024

Workers at GM seat supplier in Missouri reach tentative agreement, end strike
The union representing workers at Lear Corp.’s Missouri plant that makes seats for General Motors vehicles says it has reached a tentative agreement with the company, ending a strike that was in its fourth day

Source: Associated Press
Thursday, Jul 25 2024

Number of cities with million-dollar starter homes has tripled since 2019
Five years ago, 84 cities had starter homes that cost $1 million compared with 237 today.

Source: Susan Carpenter
Thursday, Jul 25 2024

Breaking barriers and uncorking diversity in New York's spirits industry
Army veteran Milton Wright is breaking barriers in the spirits industry, championing diversity through his Albany Wine & Spirits store.

Source: Corey James
Thursday, Jul 25 2024

Workers go on strike at five-star Paris hotel where IOC members are staying for Olympics
Workers have gone on strike at the five-star hotel in Paris where members of the International Olympic Committee are staying

Source: Associated Press
Thursday, Jul 25 2024

Kentucky releases June 2024 county unemployment rates
Martin County had the state's highest unemployment rate for June 2024 at 10.7%, followed by Magoffin County (10.5%) and Breathitt County (9.6%).

Source: Connor N. Smith
Thursday, Jul 25 2024

Ohio's 10-day sales tax holiday starts Tuesday. Here's what qualifies
In previous years, Ohio's sales tax holiday was just three days long.

Source: Lydia Taylor
Thursday, Jul 25 2024

Ford shares slide as disappointing Q2 adjusted profit rattles investors
Shares of Ford Motor Co. are tumbling Thursday after the automaker’s second-quarter adjusted profit badly missed Wall Street’s expectations as it spent more money fixing customers’ cars and trucks

Source: Associated Press
Thursday, Jul 25 2024

Carmaker Stellantis pledges to tackle problems in North America as profits plunge
Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings

Source: Associated Press
Thursday, Jul 25 2024

Ohio sees decline in initial joblessness applications
There was a rise in continued unemployment claims

Source: Madison MacArthur
Thursday, Jul 25 2024

Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena
Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations

Source: Associated Press
Thursday, Jul 25 2024

Crest Hardware in Brooklyn to close after 62 years in business
There will be a farewell celebration on Aug. 24 before the store's last day of business on Aug. 30.

Source: Rebecca Greenberg
Thursday, Jul 25 2024

Stock market today: Wall Street steadies itself after its worst sell-off since 2022
U.S. stocks are stanching the bleeding, a day after their worst losses since 2022 led to a wipeout for financial markets circling the world

Source: Associated Press
Thursday, Jul 25 2024

US economic growth increased last quarter to a healthy 2.8% annual rate
The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates

Source: Associated Press
Thursday, Jul 25 2024

Major funders bet big on rural America and ‘everyday democracy’
The Trust for Civic Life — a collaborative of 15 grantmakers, mostly high-profile national funders — sees small, local groups as instruments of change — modern versions of the organizations that scholars from Alexis de Tocqueville to Robert Putnam have singled out as a distinguishing feature of American democracy

Source: Associated Press
Thursday, Jul 25 2024

Fewer Americans file for jobless claims as applications remain at elevated but not troubling levels
Applications for unemployment benefits fell by 10,000 from the previous week to 235,000.

Source: Associated Press
Thursday, Jul 25 2024

U.S. economic growth increased last quarter to a healthy 2.8% annual rate
Economists had expected a weaker 1.9% annual pace of growth.

Source: Associated Press
Thursday, Jul 25 2024

The SoCal 5: Best old-school diners for dessert
Need to satisfy your sweet tooth? Here's The SoCal 5 for best old-school diners for dessert.

Source: The SoCal Scene Staff
Thursday, Jul 25 2024

Shoes with style: Nicholasville salon hosts shoe giveaway entering school year
Owner Monica Terry said it's her way of looking out for local students and making sure they can focus on their education.

Source: Sabriel Metcalf
Thursday, Jul 25 2024

Japanese automaker Nissan lowers its profit forecast amid incentive, inventory woes
Nissan has lowered its full fiscal year outlook after the Japanese automaker reported a 73% decline in profit in the April-June quarter compared to the previous year

Source: Associated Press
Thursday, Jul 25 2024

Florida’s nursing shortage is expected to reach 59,000 vacancies by 2035, says FHA
Pasco-Hernando State College just launched a new effort to help curb those numbers.

Source: Sarah Blazonis
Wednesday, Jul 24 2024

U.S. files details of Boeing’s plea deal related to plane crashes. It's in the hands of a judge now
Some of the passengers’ relatives plan to ask the judge to deny the plea deal.

Source: Associated Press
Wednesday, Jul 24 2024

Stubborn warranty costs push down Ford's 2Q net profits, causing stock plunge in after-hours trading
Ford Motor Co.’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs

Source: Associated Press
Wednesday, Jul 24 2024

NBA says it has signed new 11-year media rights deal with Disney, NBC and Amazon
The NBA signed its 11-year media rights deal with Disney, NBC and Amazon Prime Video on Wednesday after saying it was not accepting Warner Bros

Source: Associated Press
Wednesday, Jul 24 2024

Residents of Louisville's Paristown neighborhood hope to revitalize area
The Paristown Heights Development Project would add apartments, office and commercial space, a hotel, a parking garage and green space.

Source: Jordan Grantz
Wednesday, Jul 24 2024

USDA: Florida citrus production up 11.5% compared to last season
Citrus growers say it shows a rebound following the impact of Hurricane Ian in 2022.

Source: Nick Popham
Wednesday, Jul 24 2024

Bowling Green’s Fountain Square receives national recognition in new study
Fountain Square is home of many bars, local businesses and a theatre known as The Capitol.

Source: Aaron Dickens
Wednesday, Jul 24 2024

A wipeout on Wall Street sends the S&P 500 down by 2% as Big Tech skids
Tesla tumbled after the electric vehicle maker said its profit for the spring sank 45%.

Source: Associated Press
Wednesday, Jul 24 2024

Recall adds more produce sold at Aldi, Walmart
The FDA added no illnesses or consumer complaints have been reported so far.

Source: Lydia Taylor
Wednesday, Jul 24 2024

Federal Trade Commission is investigating surveillance pricing
The agency has sent information orders to companies that use consumers' interest browser and financial histories to customize pricing.

Source: Susan Carpenter
Wednesday, Jul 24 2024

Now Hiring: UCC looks to hire teachers, support staff ahead of school year
The United Community Center is growing its team.

Source: Ryan Burk
Wednesday, Jul 24 2024

Farmers markets helping producers grow product recognition
Small businesses are using markets to grow.

Source: Ryan Burk
Wednesday, Jul 24 2024

Delta CEO, in Paris for the Olympics, says outage-related cancellations should end Thursday
The chief executive of Delta Air Lines expects flight cancellations and delays that resulted from a global technology breakdown last week to be resolved by Thursday

Source: Associated Press
Wednesday, Jul 24 2024

FAA agrees with air traffic controllers' union to give tower workers more rest between shifts
The FAA said Wednesday that it reached agreement with the air traffic controllers' union.

Source: Associated Press
Wednesday, Jul 24 2024

Avelo Airlines expanding service in Central Florida
Less than two months after opening service from Lakeland’s airport, Avelo Airlines is expanding service with multiple routes from the airport.

Source: Spectrum News Staff
Wednesday, Jul 24 2024

Meta takes down thousands of Facebook, Instagram accounts running sextortion scams from Nigeria
Meta says it has removed about 63,000 Instagram accounts engaging in sexual extortion scams

Source: Associated Press
Wednesday, Jul 24 2024

FAA agrees with air traffic controllers' union to give tower workers more rest between shifts
The Federal Aviation Administration says air traffic controllers will get more rest between shifts

Source: Associated Press
Wednesday, Jul 24 2024

Disney reaches tentative agreement with California theme park workers
The unions had voted to authorize a strike last week.

Source: Associated Press
Wednesday, Jul 24 2024

Disney reaches tentative agreement with California theme park workers
Disney has reached a tentative agreement with four unions representing thousands of workers at its California theme parks including ride operators, candy makers and parking attendants

Source: Associated Press
Wednesday, Jul 24 2024

Tampa Democrat Rep. Kathy Castor backs Harris for president
On Wednesday, Democratic National Committee’s Rules Committee will meet to outline parameters for the party's virtual roll call.

Source: Angie Angers
Wednesday, Jul 24 2024

Stock market today: Big Tech slumps after profits from Alphabet and Tesla fail to impress
Drops for Tesla and Google parent company Alphabet are dragging indexes lower after the Big Tech giants delivered earnings that failed to impress

Source: Associated Press
Wednesday, Jul 24 2024

Paris Olympics just getting started, but local businesses are already preparing for 2028 LA Games
Excitement for the 2028 Games is already stirring among local businesses.

Source: Rae Williams
Wednesday, Jul 24 2024

New Era Cap announces expanded partnership with NFL
The new multiyear agreement makes New Era the official outfitter of the NFL Scouting Combine beginning in 2025.

Source: Brian Campbell
Wednesday, Jul 24 2024

Vietnam allows big companies to buy clean energy directly to meet their climate targets
Vietnam has passed a decree radically loosening the Communist Party-ruled state’s control on how electricity is sold to private companies

Source: Associated Press
Wednesday, Jul 24 2024

Bonim Farms cultivates opportunities for adults with disabilities
Giving back: That's what it's all about at Bonim Farms.

Source: Kelly Milan
Wednesday, Jul 24 2024

Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
It was Tesla’s second-straight quarterly net income decline.

Source: Associated Press
Wednesday, Jul 24 2024

UCF grad's Buttercrust Pizza joint reimagines Detroit-style pizza
Try your hand at the Triple Mac & Cheesiest pizza and Bruschetta pizza.

Source: Allison Walker
Wednesday, Jul 24 2024

Sumter County commissioners approve fire assessment fee increase to $355 per year
The increase from $125 to $355 will start on Oct. 1.

Source: Sasha Teman
Wednesday, Jul 24 2024

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
Asian stocks are mostly lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies

Source: Associated Press
Tuesday, Jul 23 2024

Partnership aims to expand job opportunities for those with disabilities in New York
The partnership will initially create about 20 jobs at Northeast Grocery's headquarters in Schenectady and Buffalo.

Source: Spectrum News Staff
Tuesday, Jul 23 2024

US is investigating Delta's flight cancellations and faltering response to global tech outage
U.S. airline regulators have opened an investigation into Delta Air Lines, which is still struggling to restore operations on Tuesday, more than four full days after a faulty software update caused technological havoc worldwide and disrupted global air travel

Source: Associated Press
Tuesday, Jul 23 2024

Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing

Source: Associated Press
Tuesday, Jul 23 2024

Google's corporate parent still prospering amid shift injecting more AI technology in search
Google’s corporate parent Alphabet Inc. delivered another quarter of steady growth amid an AI-driven shift in the ubiquitous search engine that is the foundation of its internet empire

Source: Associated Press
Tuesday, Jul 23 2024

Visa's fiscal third-quarter profits rise 9% as payments become increasingly digital
Payment processing giant Visa Inc. said its fiscal third-quarter profits rose 9% on an adjusted basis as it benefits from consumers and businesses moving their payments from cash to credit and debit cards

Source: Associated Press
Tuesday, Jul 23 2024

Wells Enterprises expanding state-of-the-art facility in Dunkirk
Gov. Kathy Hochul called the expansion "sweet."

Source: Spectrum News Staff
Tuesday, Jul 23 2024

US banks to begin reporting Russian assets for eventual forfeiture under new law
The Treasury Department is ordering the nation’s banking industry to start disclosing its holdings of Russian assets, with the goal of eventually seizing those billions of dollars in assets and selling them to aid the devastated Ukrainian economy

Source: Associated Press
Tuesday, Jul 23 2024

Florida's population passes 23 million for the 1st time, state demographic conference estimates
The state has been adding about 350,000 to 375,000 people each year this decade, according to the Demographic Estimating Conference.

Source: Associated Press
Tuesday, Jul 23 2024

Climate change imperils drought-stricken Morocco’s cereal farmers and its food supply
Golden fields of wheat no longer produce the bounty they once did in Morocco

Source: Associated Press
Tuesday, Jul 23 2024

A very strong quarter at General Motors is overshadowed by potential headwinds for industry
U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago

Source: Associated Press
Tuesday, Jul 23 2024

Small business owner shares thoughts on Universal Basic Employment program
UBE secured $600,000 from Cleveland City Council to develop the pilot program, but the total cost is $21 million. 

Source: Nora McKeown
Tuesday, Jul 23 2024

As hurricane season begins, here's how small businesses can prepare in advance of a storm
The hurricane season roared into the U.S. with Hurricane Beryl hitting Texas in early July

Source: Associated Press
Tuesday, Jul 23 2024

Eminem brings Taylor Swift's historic reign at No. 1 to an end, Stevie Wonder's record stays intact
Eminem’s 12th studio album, “The Death of Slim Shady (Coup de Grâce),” has debuted at No. 1 on the Billboard 200, unseating Taylor Swift’s “The Tortured Poets Department” after 12 weeks

Source: Associated Press
Tuesday, Jul 23 2024

U.S. Department of Labor sues owner of 3 Houston restaurants for allegedly stealing employees’ tips
The lawsuit alleges that the owner used a portion of their employees’ tips to pay for other business expenses.

Source: Katharine Finnerty
Tuesday, Jul 23 2024

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter
Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter

Source: Associated Press
Tuesday, Jul 23 2024

UPS boosts volume in US for first time since 2022, but profit and revenue slide
UPS managed to boost its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street’s expectations partly due to a hefty charge

Source: Associated Press
Tuesday, Jul 23 2024

A window to budgeting for home repairs
Professionals advise to get at least three quotes.

Source: Lacey Leonardi
Tuesday, Jul 23 2024

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices
Sales of previously occupied U.S. homes fell in June for the fourth straight month as elevated mortgage rates and record-high prices kept many would-be homebuyers on the sidelines

Source: Associated Press
Tuesday, Jul 23 2024

Safety regulators investigating low flight by Tampa-bound Southwest jet
Feds investigating an incident in which a Southwest Airlines jet flew as low as 150 feet over water while it was still about 5 miles from landing.

Source: Associated Press
Tuesday, Jul 23 2024

How the BlueOval SK battery plants will impact Hardin County's economy, population
BlueOval SK is expected to add 5,000 jobs to the area by the end of 2026.

Source: Jordan Grantz
Tuesday, Jul 23 2024

South Korean tech giant Kakao's founder arrested in stock price manipulation case
South Korean prosecutors have arrested the founder of the country’s tech giant Kakao Corp. on suspicion of stock price rigging during his company’s takeover of a major K-pop agency last year

Source: Associated Press
Tuesday, Jul 23 2024

Lawmakers in Nigeria try to resolve rift between authorities and Africa's richest man
Nigerian legislators have begun an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africa’s richest man Aliko Dangote and the industry regulator

Source: Associated Press
Monday, Jul 22 2024

Warner Bros. Discovery informs NBA it will match Amazon Prime Video's offer to air games
Turner Sports intends to continue its longtime relationship with the NBA

Source: Associated Press
Monday, Jul 22 2024

CrowdStrike CEO called to testify to Congress over cybersecurity's firm role in global tech outage
U.S. House leaders are calling on CrowdStrike CEO George Kurtz to testify to Congress about the cybersecurity company’s role in sparking the widespread tech outage that grounded flights, knocked banks and hospital systems offline and affected services around the world

Source: Associated Press
Monday, Jul 22 2024

Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
As many as 600 union workers who were laid off from the Weirton tin production plant will have the chance to work at the new facility.

Source: Associated Press
Monday, Jul 22 2024

Wall Street climbs as Big Tech recovers following worst week in months
U.S. stocks closed broadly higher, clawing back some of the losses from their worst week since April.

Source: Associated Press
Monday, Jul 22 2024

Most airlines except one are recovering from the CrowdStrike tech outage. The feds have noticed
Delta Air Lines is struggling for a fourth straight day to recover from the tech outage, even as other airlines are returning to nearly normal levels of service

Source: Associated Press
Monday, Jul 22 2024

Tax-free weekend returns Aug. 9-11: What you need to know to save on clothing, footwear and school supplies
Texas can save money on most clothing, footwear, school supplies and backpacks that are sold for less than $100 without paying any sales tax.

Source: Kaila Garrett
Monday, Jul 22 2024

Monroe County offices, services reopen Monday after CrowdStrike, Microsoft outage
County officials say since Friday, Monroe County Information Systems (IS) has brought about 75% of the devices online.

Source: Keegan Trunick
Monday, Jul 22 2024

Countdown to adult use cannabis sales in Ohio
Insiders believe sales could begin soon.

Source: Kristen Anzuini
Monday, Jul 22 2024

Small businesses grapple with global tech outages created by CrowdStrike
Businesses from airlines to hospitals have been grappling with a faulty software update that caused technological havoc worldwide on Friday.

Source: Associated Press
Monday, Jul 22 2024

Texas doubles investment in energy fund to keep up with growing demand
As the population in Texas continues to grow, so does the need for reliable energy. The state is doubling investment in the power grid.

Source: Amber Hughes
Sunday, Jul 21 2024

Delta Air Lines says cancellations continue as it tries to restore operations after tech outage
Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights

Source: Associated Press
Sunday, Jul 21 2024

Texas family keeps tradition alive with pickle company
Lisa Obriotti took over her family's pickle business in the early 2000s.

Source: Todd Boatwright
Sunday, Jul 21 2024

Outside the RNC, small Milwaukee businesses and their regulars tried to salvage a sluggish week
The Republican National Convention didn't deliver an overwhelming victory to some small businesses in downtown Milwaukee.

Source: Associated Press
Sunday, Jul 21 2024

Milwaukee businesses see mixed results in profit from the RNC
Some businesses in Milwaukee said they didn’t get the boost in their bottom lines that they hoped for; others said profits soared.

Source: Wendy Strong
Sunday, Jul 21 2024

Resorts clean up after hosting RNC delegates
The Abbey Resort hosted 250 delegates from Ohio.

Source: Natalie Sopyla
Sunday, Jul 21 2024