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As costs rise, people want data centers to pay their part

HARRISBURG, Pa. (AP) — As outrage spreads over energy-hungry data centers, politicians from President Donald Trump to local lawmakers have found rare bipartisan agreement over insisting that tech companies — and not regular people — must foot the bill for the exorbitant amount of electricity required for artificial intelligence. But that might be where the agreement ends. The price of powering data centers has become deeply intertwined with concerns over the cost of living, a dominant issue in the upcoming midterm elections that will determine control of Congress and ...

Buffett’s company invests in New York Times six years after he sold all of his newspapers

OMAHA, Neb. (AP) — Six years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for most of the industry, Berkshire disclosed a new $350 million investment in The New York Times on Tuesday. The somewhat surprising move highlighted the quarterly update Berkshire filed with the Securities and Exchange Commission about the company’s stock holdings in Buffett’s last quarter as CEO. Berkshire also increased its investment in Chevron just before President Donald Trump ordered the arrest of Venezuela’s president, and the Omaha-based ...

Wall Street keeps calm after high court strikes down Trump’s tariffs

NEW YORK (AP) — Wall Street kept calm Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, which had triggered panic in financial markets when announced last year, and stocks ticked higher. The S&P 500 rose 0.7%. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation. The Dow Jones Industrial Average added 230 points, or 0.5%, and the Nasdaq composite rose 0.9%. Many on Wall Street were likely expecting such a ruling from the ...

Initial, continued unemployment claims down

Staff report Ohioans filed 6,905 initial and 66,806 continued unemployment claims last week, the Ohio Department of Job and Family Services reported Thursday. Initial claims were 1,051 fewer than the previous week. Continued filings were 1,062 fewer. The total number of claims filed Feb. 8-14 was 73,711. The state unemployment rate in December was 4.5%. The national unemployment rate in December was 4.4%. Ohio’s labor force participation rate in December was 62.3%. The national labor force participation rate in December was 62.4%. Mahoning County’s unemployment rate was 4.8% ...

Study: Tariffs paid by midsize US companies tripled last year

WASHINGTON (AP) — Tariffs paid by midsize U.S. businesses tripled over the course of the past year, new research tied to one of America’s leading banks showed on Thursday — more evidence that President Donald Trump’s push to charge higher taxes on imports is causing economic disruption. The additional taxes have meant that companies that employ a combined 48 million people in the U.S. — the kinds of businesses that Trump had promised to revive — have had to find ways to absorb the new expense, by passing it along to customers in the form of higher prices, employing fewer ...

Grandson of Reese’s Peanut Butter Cups inventor accuses Hershey of cutting corners

The Associated Press The grandson of the inventor of Reese’s Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese’s brand by shifting to cheaper ingredients in many products. Hershey acknowledges some recipe changes but said Wednesday that it was trying to meet consumer demand for innovation. High cocoa prices also have led Hershey and other manufacturers to experiment with using less chocolate in recent years. Brad Reese, 70, said in a Feb. 14 letter to Hershey’s corporate brand manager that for multiple Reese’s products, ...