News

Banks rake in big profits as both Wall Street and the US consumer stay strong

Business News July 18, 2026

WASHINGTON (AP) — Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty. It marks the second straight quarter of strong results from the banks, which have benefited from market volatility since the Iran war began in late February. Both consumer-facing and market-focused banks reported revenue and profit growth that beat even the most optimistic Wall Street expectations. The KBW Nasdaq Bank Index, which tracks the performance of two dozen banks rose ...

Rulli, Joyce far outdistance Dem opponents in funding for Congress races

The sell-off for AI stars worsens, while oil prices keep jumping

Business News July 18, 2026

NEW YORK (AP) — The sell-off for winners of the artificial-intelligence boom deepened Friday and yanked stock markets lower worldwide. Oil prices, meanwhile, continued to jump because of the war with Iran. The S&P 500 fell 1% to finish its first losing week in the last three and only its third since the end of March. Just a couple days earlier, it had climbed within 0.5% of its all-time high. The Dow Jones Industrial Average dropped 406 points, or 0.8%, and the Nasdaq composite sank 1.4%. Chip stocks and other AI darlings once again were at the center of the shaky trading. ...

Township receives letters of interest for Austintown seat

Local News July 18, 2026

AUSTINTOWN — The township’s two remaining trustees have had their first look at seven applicants who wish to join the board. On Friday, township officials released the names of those who submitted letters of interest to be appointed as interim trustees in the wake of Robert Santos’s resignation from the board earlier this month. At the beginning of the July 6 regular trustees meeting, Santos announced he was stepping down immediately after having accepted a position with Mahoning County as Project Manager-Capital Programs. Per Ohio law, trustees Monica Deavers and Bruce ...

Paul Pelosi charged with hit-and-run, a misdemeanor, over collision with parked car

National News July 18, 2026

LOS ANGELES (AP) — Paul Pelosi, husband of former House Speaker Nancy Pelosi, was charged Friday with a misdemeanor hit-and-run over a collision with a parked car. Pelosi, 86, was driving his brown convertible July 3 in Yountville, California, a town in the heart of wine country, when he struck a legally parked car on the side of the road, the Napa County Sheriff’s Office said in a statement at the time. He briefly stopped and then allegedly drove away. The parked car was unoccupied and no injuries were reported. Pelosi did not have any alcohol in his system, according to the ...

NC man gets 5 to 7 1/2 years in prison in fatal Coitsville crash

Local News July 18, 2026

YOUNGSTOWN — Robert C. Powell, 25, of North Carolina, who was working in the Youngstown area when he struck a car in the intersection of U.S. Route 422 and North Hubbard Road in Coitsville Township, killing its driver, was sentenced recently to 5 to 7 1/2 years in prison. Powell gets credit for 67 days already spent in the Mahoning County jail. Powell was convicted at trial of aggravated vehicular homicide, a second-degree felony, improperly handling a firearm in a motor vehicle and misdemeanor OVI. Mahoning County Common Pleas Court Judge Anthony Donofrio handed down the ...