Breaking News

Fuel costs unchanged across Northeast Ohio

Staff report Gas prices are stable in Northeast Ohio this week at $3.917 per gallon, according to AAA East Central’s Gas Price Report on Monday. A year ago, average prices in the region were $3.143 per gallon. The average price of unleaded self-serve gasoline Monday in Niles was $3.882 per gallon and $3.90 in Youngstown. According to GasBuddy.Com, motorists reported the following prices Monday afternoon involving Sheetz convenience stores: Austintown — North Canfield-Niles Road, $3.85, and Mahoning Avenue, $3.89; Boardman — Boardman-Poland Road, $3.73; Calcutta — St. ...

Calling for backup

DETROIT — Winter Storm Uri, the multiday freeze that slammed Texas in February 2021 and pummeled the state’s power grid, has been on Kenneth Kovar’s mind ever since. Though the resident of New Braunfels, northeast of San Antonio, didn’t lose power at the time, he wasn’t able to run ...

Center creates pathways for student collaboration, industry experience

A new initiative at Youngstown State University is bringing together students, faculty and industry partners to tackle real-world challenges while giving participants valuable hands-on experience outside the classroom. The Youngstown Advanced Manufacturing Innovation Center was created to connect students from a variety of disciplines with opportunities in applied research, product development and manufacturing projects. Led by Bharat Yelamanchi, assistant professor and program coordinator of industrial and systems engineering at YSU, the center is designed to foster ...

Business briefs

PARTNERSHIP FORMED: Cincinnati-based Mercy Health and Northeast Ohio Medical University recently formed a strategic partnership aimed at expanding workforce development initiatives and building a strong pipeline of physicians to serve communities statewide. Mercy Health operates the largest number of hospitals in Ohio. NEOMED students now have increased access to Mercy Health’s hospitals and clinical sites in the Youngstown, Lorain and Cincinnati regions, where they are gaining real-world experience caring for a broad range of patient populations. The expanded rotations are expected ...

Use TIPS in your portfolio

Treasury Inflation-Protected Securities were introduced in 1997 to provide inflation-protected interest and principal payments. Unlike other bonds, which generate returns in nominal terms, TIPS act as a direct hedge against inflation. TIPS Explained TIPS are bonds issued by the US Treasury with maturities of five, 10, or 30 years. They pay a fixed rate of interest every six months, but the amount varies based on changes in the principal value. Every six months, the Treasury updates the principal to reflect changes in the Consumer Price Index. If inflation goes up, the principal ...

Cleveland-Cliffs sees improvement despite second-quarter losses

Staff report Flat-rolled steel producer Cleveland-Cliffs Inc., which operates a coke facility in Warren, reported a net loss of $134 million and adjusted net loss of $115 million for the second quarter, which ended June 30. In a news release, the company reported revenues of $5.2 billion, a $300 million increase from the prior quarter “The second quarter marked another step in returning to the earnings power this company is capable of and has demonstrated in the past,” said Lourenco Goncalves, Cliffs’ chairman and CEO. The CEO said that despite extended maintenance outages ...