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Pope Francis, first Latin American pontiff, dies at 88
Trump’s massive import taxes haven’t done much economic damage – yet
WASHINGTON — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes — tariffs — would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually eased last month, and hiring was solid in...
New Jersey Transit train engineers reach tentative deal to end strike that halted NYC routes
NEWARK, N.J. — New Jersey Transit’s train engineers reached a tentative deal Sunday to end their three-day strike that had halted service for some 100,000 daily riders, including routes to Newark airport and across the Hudson River to New York City. The union said its members would return to work...
Trump’s tariffs may mean Walmart shoppers pay more, his treasury chief acknowledges 
WASHINGTON — Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices. Bessent described his call with the company’s CEO a day after Trump warned Walmart to avoid raising prices...
Hempfield Big Lots store among locations in Western Pennsylvania slated to reopen
A few former Big Lots stores in the region are preparing for a rebirth under the same name. Locations in Hempfield, Ross, Penn Hills, Washington, Indiana, Rochester and Johnstown are on a list of 11 stores statewide reopening June 5 after their assets were transferred to a North Carolina-based discount...
Anchor Inn owners ready to retire, close Harrison favorite founded by their dad in 1953
Ask anyone from the Anchor Inn’s former “Wednesday Night Gang” what makes the Harrison restaurant and pub so special, and the answer is simple — good food, good people. “This town has been so supportive,” owner Joe Kolek said. “It’s been a great living and so much fun.” He and...
As Rite Aid collapses, customers and other pharmacies bear the impact
It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her prescriptions at the company’s Harrison location since the 2000s. But now the Philadelphia-based pharmacy empire is crumbling. The company filed for Chapter 11 bankruptcy earlier this month, blaming “the...
Nippon Steel boosts investment for proposed U.S. Steel deal
Nippon Steel Corp. has bolstered its pledge to invest in United States Steel Corp. in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover, according to people familiar with the matter. Nippon Steel is now offering to build a new steel mill, save existing steelworker...
Developer to resume New York offshore wind project after Trump administration lifts pause
The Trump administration is allowing work on a major offshore wind project for New York to resume. The developer, the Norwegian energy company Equinor, said Monday it was told by the federal Bureau of Ocean Energy Management that a stop-work order has been lifted for the Empire Wind project, allowing...
CBS News CEO Wendy McMahon quits as potential Trump lawsuit settlement looms
CBS News CEO Wendy McMahon said Monday that she is resigning after four years, the latest fallout at the network as its parent company considers settling a lawsuit with President Donald Trump over a “60 Minutes” interview with his former political opponent. McMahon, who has led both the network news...
Average rate on a U.S. 30-year mortgage rises to 6.81%, its highest level since late April
The average rate on a 30-year mortgage in the U.S. edged above 6.8% this week, returning to where it was just three weeks ago. The rate increased to 6.81% from 6.76% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.02%. Borrowing costs on 15-year...
McDonald’s to hire 375K new employees
This summer, McDonald’s said it will hire 375,000 employees across the United States. The plan marks one of the fast-food chain’s largest hiring pushes in years, Today reported. McDonald’s hopes to open 900 new restaurants in the U.S. by 2027 and plans to serve more customers during summer months. Specifically,...
Walmart says it will raise prices due to tariff costs after posting solid first quarter sales
NEW YORK — Walmart’s first-quarter profit slipped, and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump. The nation’s largest retailers posted strong quarterly sales Thursday and said it expects sales growth of 3.5% to 4.5% in the second quarter. Like many...
Dick’s Sporting Goods to buy Foot Locker for $2.4 billion
Dick’s Sporting Goods announced early Thursday that it will acquire Foot Locker in a $2.4 billion deal. The Findlay-based company said it plans to operate Foot Locker as a standalone business and maintain its brands. The acquisition will place Dick’s, already one of the largest domestic sporting goods company, into...
Dick’s Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S. President Donald Trump’s tariffs. Dick’s said Thursday that it expects to run Foot Locker as...
‘Tariffs are messing with everybody’: Walmart shoppers wary of tariff-induced price increases on horizon
Walmart used to be Charmaine Bianco’s go-to grocery store for low-price goods. But Bianco fears she will have to search elsewhere for good deals as the nationwide grocery chain plans to raise prices this month in light of tariffs ordered by President Donald Trump. Executives at the $750 billion company...
Max streaming service reviving the HBO name — the one it discarded 2 years ago
NEW YORK — HBO is returning — at least in a name. Warner Bros. Discovery said Wednesday that it was rebranding its streaming service as HBO Max this summer, instead of the current Max. The Max name dated to Warner’s merger with Discovery and was considered a curious choice when...
Dozens of Pittsburgh-area federal workers at Bruceton Research Center to keep jobs
Dozens of the 200 federal employees whose jobs were set to be cut at the Bruceton Research Center south of Pittsburgh will keep their jobs, according to U.S. Rep. Chris Deluzio. The employees are respirator certification workers at the center. In layman’s terms, they test the efficacy of things like...
Thai officials seize over 200 tons of illegally imported electronic waste from U.S.
BANGKOK — Thai officials on Wednesday said they seized 238 tons of illegally imported electronic waste from the United States at the port of Bangkok, one of the biggest lots they’ve found this year. The waste, which came in 10 large containers, was declared as mixed metal scrap but turned...
John Dorfman: Contestant rides Palantir’s 446% gain to stock derby win
A 446% gain in Palantir Technologies Inc. (PLTR) propelled Christy Anderson to a victory in the 2024-25 running of Dorfman’s Three-Stock Derby, an annual stock-picking contest. Anderson of Las Vegas is chief operating officer of a small company that makes radio frequency amplifiers with military applications. As such, she became...
Microsoft to lay off about 3% of its workforce
Microsoft says it is laying off nearly 3% of its entire workforce. The tech giant didn’t disclose the total amount of lost jobs but it will amount to about 6,000 people. Microsoft employed 228,000 full-time workers as of last June, the last time it reported its annual headcount. About 55%...
U.S. egg prices fall for 1st time in months but remain near record highs
U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday. The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the Consumer Price Index. It...
Nissan slashes 15% of its global work force as the Japan automaker sinks into losses
TOKYO — Nissan is slashing about 15% of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations, and towering restructuring costs. Nissan Motor Corp. said it will...
UnitedHealth Group CEO steps down; suspends 2025 outlook on higher-than-expected medical costs
UnitedHealth CEO Andrew Witty is stepping down for personal reasons and the nation’s largest health insurer suspended its full-year financial outlook due to higher-than-expected medical costs. UnitedHealth cut its 2025 forecast last month following its first quarterly earnings miss in more than a decade. Shares of UnitedHealth, which have plummeted...
As Biden-era ‘junk fee’ rule takes effect, Ticketmaster says it will display fees more clearly
As a Biden administration ban on so-called “junk fees” took effect Monday, Ticketmaster said it would start displaying the full price of a ticket as soon as consumers begin shopping. Ticketmaster, long a subject of complaints about its hidden fees, was among those targeted by the new rule, which was...
Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the U.S.-China trade war
NEW YORK — Stocks rallied Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages...


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