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Business News

Cautious shoppers step up spending to start holiday season

NEW YORK (AP) — Consumers stepped up gift giving during the first seven weeks of the holiday shopping season, according to new data released Tuesday. But uncertainty about the economy is making shoppers more targeted in their buying. From Nov. 1 through Sunday, cash and credit card sales ...

US drivers are seeing lower gas prices this holiday season

This holiday season, many U.S. drivers are getting the gift of lower gas prices. According to data from motor club AAA, December has been the cheapest month for prices at the pump this year. The national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its ...

US stocks rise at the start of holiday-shortened week

NEW YORK (AP) — Stocks rose on Wall Street Monday to open what’s expected to be a relatively calm holiday week. The gains were broad. Technology companies and banks did much of the heavy lifting. Industrial companies also gave a strong push to major indexes. The S&P 500 rose 43.99 ...

Ford recalls more than 270,000 electric, hybrid vehicles due to roll-away risk

The Associated Press Ford is recalling more than 270,000 electric and hybrid vehicles in the U.S. because of a parking function problem that could lead to them rolling away. The Detroit automaker said that the recall includes certain 2022-2026 F-150 Lightning BEV, 2024-2026 Mustang Mach-E, ...

Average long-term mortgage rate edges lower

The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.72%. Borrowing ...

Property transfers

Property transfers recorded Dec. 8 to 12 in Mahoning County and portions of Trumbull County: Austintown Edward Lynch and Janice Zordich-Lynch to RH BEG LLC, V/L South Raccoon Road, $65,000 Elizabeth J. Valentine to JJD Land Co. LLC, 4234 Burkey Road, $66,000 4200 Mahoning Avenue ...