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Business News

Supercar adds a hybrid note

Named after a swift British naval warship, the Corvette has been synonymous with speed and agility since its striking debut in 1953. Seventy years later, its two-seater sports car added a hybrid motor powering its front wheels along with a thunderous 6.2-liter V8 providing unsurpassed ...

Stocks rise, oil prices fall, but war worries continue

NEW YORK (AP) — Stocks rose, and oil prices eased Thursday as financial markets calmed in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 climbed 0.8% and more than recovered its loss from the ...

Fed officials deeply divided over future path of US inflation

WASHINGTON (AP) — The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday. In the first set of minutes released under new chair Kevin Warsh, ...

IMF expects world economy to grow a sluggish 3% this year

WASHINGTON (AP) — The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war. But the fallout from the conflict is being partially offset by booming investment in artificial intelligence and ...

PepsiCo blames beverage losses on war, gas prices

NEW YORK (AP) — PepsiCo reported stronger-than-expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets as the Iran war caused gas prices to spike. “I think the consumer is worse than what we had anticipated, and it’s ...

Kimberly-Clark project helps Ohio earn Silver Shovel Award

One of the largest economic development projects in the Mahoning Valley’s history has helped Ohio earn a 2026 Silver Shovel Award, a national recognition for excellence in economic development. Area Development magazine cited Kimberly-Clark’s $800 million manufacturing facility in ...