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Business News

US stocks jump to their best day in 2 months

NEW YORK (AP) — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped ...

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 ...

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, ...

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 ...

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 ...

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 ...