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Business News

Initial unemployment claims in state drop from week prior

Staff report The Ohio Department of Job and Family Services reported Thursday that Ohioans filed 4,527 initial unemployment claims last week. That represents a drop of 666 claims from the previous week. Ohioans filed 40,701 continued unemployment claims last week, which was 258 fewer ...

US hits $38 trillion in debt

WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a ...

USDA is reopening some offices to help farmers access $3B in aid

The Associated Press The Agriculture Department will reopen about 2,100 county offices all across the country today despite the ongoing government shutdown to help farmers and ranchers get access to $3 billion of aid from existing programs. The USDA said each Farm Service Agency office ...

GM boosts full-year outlook

General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street’s expectations. Shares surged more than 15% in afternoon trading on Tuesday, its biggest one-day jump since May 2018. The ...

$500K grant targets Austintown development

Staff report AUSTINTOWN — A developer’s effort to attract business to the Valley received a $500,000 boost with an assist from the Lake to River Economic Development, the agency announced Monday. JobsOhio, a private nonprofit economic development corporation, awarded a Site Inventory ...

Apple’s rally pulls Wall Street to the cusp of its record

NEW YORK (AP) — U.S. stocks rallied on Monday to the cusp of their records. The S&P 500 climbed 1.1% and pulled within 0.3% of its all-time high set earlier this month. The Dow Jones Industrial Average jumped 515 points, or 1.1%, and the Nasdaq composite gained 1.4%. Apple led the way ...