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Consumers stung by energy prices that have pushed inflation above 4%

WASHINGTON (AP) — Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight monthly increase. On a monthly basis, prices rose 0.5% last month, after big gains of 0.6% in April and 0.9% in March. Prices have now risen faster than wages for several months, pressuring many Americans’ finances and ...

Honda recalls more than 880K cars due to rear suspension issue

The Associated Press Honda is recalling more than 800,000 vehicles because rear suspension components may fail and cause drivers to lose control, increasing the chances of a crash or injury. American Honda Motor Co. said the recall covers certain 2016-2022 Honda Pilot, 2017-2023 Ridgeline, 2019-2023 Passport and 2014-2020 Acura MDX vehicles. The recall includes 880,514 vehicles that were sold in Connecticut, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, ...

Housing market surges at fastest pace of year

The Associated Press Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand after a lackluster start to the spring homebuying season. Existing home sales rose 3.2% in May from the previous month to a seasonally adjusted annual rate of 4.17 million units, the National Association of Realtors said Tuesday. Sales also rose 3.2% compared with May last year. Home sales increased from a year earlier in the Midwest, South and West, but fell in the Northeast, NAR said. The latest sales figure topped the roughly ...

Business briefs

Southwoods Health marks third decade Southwoods Health will celebrate 30 years of delivering patient care to the Mahoning Valley on Wednesday. The Surgery Center at Southwoods opened June 10, 1996, with a vision: health care should be accessible, efficient, compassionate and centered on the patient experience. According to Ed Muransky, Southwoods Health CEO, that vision helped reshape how care is delivered across the region. “We gave residents more options for reliable, high-quality care closer to home,” Muransky said. “From the beginning, we challenged the idea that ...

The beef over prices

WASHINGTON (AP) — In a recent Truth Social post, the president proclaimed “TRUMP’S MAKING FOOD AFFORDABLE” and cited falling prices for a range of groceries, including avocados, fresh berries, and a variety of pantry staples. Yet just weeks earlier the Labor Department had released ...

Your next job interview could be with an AI bot

Have you applied for a new job? If you’ve been shortlisted, get ready to be interviewed by artificial intelligence. Deluged by a flood of AI-generated job applications from easy-apply job boards, recruiters are turning to AI to cope. Companies are using chatbots to interview candidates, ...