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Blackwing tackles German supercars

For decades we’ve looked upon Cadillac as a posh boulevard cruiser with a cushy soft ride suitable for weddings, funerals or a night on the town. While some vestiges remain with large SUVs and sedans, a stable of high-performance sedans is more at home in oval racetracks where it shows off its prowess and then some. Enter the V Series Blackwing sedans, CT4-V and CT5-V — available in limited production starting in 2022. Our test car — a CT5 V boasts a hand-built 6.2-liter supercharged V8 engine mated with a 10-speed automatic transmission that develops 668 horsepower with untamed ...

Oil companies in US rake in huge profits since start of war

NEW YORK — American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world’s oil and natural gas. With global supplies constrained, prices for Brent crude, the international standard, soared from about $70 to above $100 a barrel for much of March, April and May, and at ...

Biztown gives students real world experience

NILES — Above the Eastwood Mall’s food court and out of sight of most shoppers, a new kind of classroom is taking shape in the form of a miniature town where students can be bank tellers, high schoolers manage payroll and students learn how a paycheck becomes a balanced budget. The BizTown and Finance Park, opening in the spring, at combines two educational simulations under one roof giving learners from grades 4 through 12 a hands-on introduction to jobs, civic roles and personal finance. The program is operated by Junior Achievement of Eastern Ohio. Organizers say the dual ...

June unemployment rises in Valley

The Mahoning Valley’s unemployment rate rose in June, according to the Ohio Department of Job and Family Services. Trumbull County had a rate of 4.1% in May and 5% in June. The city of Warren saw its 5.9% rate in May swell to 7.1% last month. Mahoning County’s 3.8% unemployment rate for May hit 4.6% in June. Youngstown’s rate bounced from 5.3% in May to 6.5% in June, according to the state. The rates have not been seasonally adjusted. They also do not reflect people who are not part of the labor force. The Youngstown-Warren-Salem statistical area has a population of ...

Steel producer announces quarterly results

Adapting to a volatile Middle East situation and fewer volumes of tubes available internationally, Vallourec said it produced good second- quarter results. Net income was $4 million higher versus $51 million reported during the same period of 2025. Operating income was $103 million for the quarter, compared with $114 million last year. “Vallourec demonstrated the strength and resilience of its business model once again in the second quarter,” said Philippe Guillemot, chairman of the board of directors and chief executive officer of the multinational company based in France. ...

US filings for jobless benefits rise to 197,000 last week

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years. U.S. filings for jobless aid in the week ending July 25 rose by 9,000 to 197,000, the Labor Department reported Thursday. The previous week’s figure was revised up by 1,000 to 188,000 but remains the lowest in more than 50 years. Analysts surveyed by the data firm FactSet forecast 207,000 new applications. Weekly filings for unemployment benefits are considered representative of layoffs and are close to a ...