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Business News

Absence of EV tax credits affects auto sales

The loss of federal electric vehicle tax credits at the end of September resulted in flat sales of new vehicles in October, the Greater Cleveland Automobile Dealers’ Association reported this week. However, looking at year-to-date figures, dealers in the association’s 21-county area that ...

PNC Foundation powers efforts to remove local employment barriers

The PNC Foundation has approved a two-year, $100,000 workforce development grant to the Youngstown / Warren Regional Chamber to help strengthen the chamber’s efforts to remove barriers to employment and connect more Valley residents with job opportunities. The award, announced Thursday, ...

The penny problem

NEW YORK — The United States is running out of pennies. President Donald Trump’s decision to stop producing the penny earlier this year is starting to have real implications for the nation’s commerce. Merchants in multiple regions of the country have run out of pennies and are unable to ...

What a rate cut means for your finances

NEW YORK — The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September. Before that, it had gone nine months without a cut. The federal funds rate is the rate at which banks borrow and lend to one another. While the rates consumers ...

Business briefs

ENGLEMAN PROMOTED: 7 17 Credit Union has announced that Shelley Engleman has been promoted to executive vice president and chief risk officer. In this role, Engleman will serve as 7 17’s second-in-command and sole executive vice president. Her appointment to this leadership position ...

US Steel to invest $11B by 2028

NEW YORK (AP) — United States Steel on Tuesday detailed its billion-dollar multiyear growth plan with new owner Nippon Steel that includes modernizing the century-old steelmaker. The announcement comes just five months after Nippon Steel finalized a “historic partnership” with the ...