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Business News

Valley native takes helm of energy foundation

Mahoning Valley native Rick Stockburger has been named inaugural CEO of the Foundation for Energy Security and Innovation, the U.S. Department of Energy announced Monday. The former president and CEO of BRITE Energy Innovators in Warren, Stockburger will oversee the department’s first ...

Consumers Bank to open first full-service site in Mahoning County

Staff report Consumers National Bank will open its first full-service branch office in Mahoning County next summer, the Minerva-based company said Monday. Company officials said they received permission from the Office of the Comptroller of the Currency in Washington, D.C., to operate its ...

Insight, unions prepare for negotiations

Staff report Two unions representing workers at the closed Insight Hospital and Medical Center at Trumbull will be negotiating new contracts with hospital owner, Insight Health Care. AFSCME Ohio Council 8 Local 2026 said it will meet Tuesday with company officials, according to a published ...

Study: More Americans shift funds to accounts with investment income

WASHINGTON — New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income — a trend that helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due ...

Wall Street’s winning week ends with more records for US stocks

NEW YORK (AP) — U.S. stocks capped another strong week with more records on Friday. The S&P 500 rose 0.4% to set an all-time high, the fifth time it did so this week. The Dow Jones Industrial Average climbed 208 points, or 0.5%, and the Nasdaq composite added 0.2% to its own record set ...

Ready to retire in 5 years? Here’s your checklist

Many of the best investing moves are made on autopilot. Just look at the track record of automatic payroll deductions and savings increases. Other investing decisions, like a transition into retirement, require a more hands-on approach. Christine Benz, Morningstar’s director of personal ...