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New jobless claims jump 2,000-plus

Ohio jobless claims jumped by more than 2,000 applicants for the week of Dec. 21 through Dec. 27, the Ohio Department of Job and Family Services reported Friday. Ohioans filed 10,463 initial unemployment claims last week, which was 2,212 more than the previous week. The agency said that approximately 2,000 of those have been flagged for additional verification. Ohioans filed 55,173 continued unemployment claims last week, which was 1,851 more than the previous week. The total number of claims filed from Dec. 21 through Dec. 27 was 65,636. Ohio’s unemployment rate in September was ...

Saks CEO steps down as luxury retailer struggles under heavy debt load

NEW YORK (AP) — The top executive of the private company that owns Saks Fifth Avenue and Neiman Marcus is stepping down as it struggles with debt taken on to buy a rival almost two years ago. Saks Global Enterprises said Friday that the departure of CEO Marc Metrick is effective immediately, and that he will be replaced by Executive Chairman Richard Baker. Baker will continue to serve as executive chairman. In addition to debt from Saks’ $2.65 billion acquisition of Neiman Marcus in the summer of 2024, the company is facing increasing competition from a fragmenting luxury goods ...

US stocks overcame turbulence and rose in 2025

NEW YORK — The year 2025 was scary good for investors. It was scary because the U.S. stock market plunged to several historic drops on worries about everything from President Donald Trump’s tariffs to interest rates to a possible bubble in artificial-intelligence technology. In the end, though, it was a good year for anyone with the stomach to stick through the swings. S&P 500 index funds, which sit at the heart of many savers’ 401(k) accounts, returned nearly 18% in 2025 and set a record high on Dec. 24. It was their third straight year of big returns. Here’s a look at ...

Stocks edge lower while gold and silver rise

NEW YORK (AP) — Stocks fell slightly on Wall Street Tuesday as trading for 2025 nudges closer to the finish line. With just one trading day left before the year ends, most big investors have closed out their positions and volume has been thin. Every major index is headed for a double-digit gain for the year. The S&P 500 fell 9.50 points, or 0.1%, to 6,894.24. Even with three straight days of small losses, the S&P 500 is on track for an annual gain of more than 17%. The Dow Jones Industrial Average fell 94.87 points, or 0.2%, to 48,367.06. The Nasdaq composite fell 55.27 points, ...

Lee Enterprises stabilizes finances with $50M investment

Lee Enterprises announced a compromise Tuesday with billionaire investor David Hoffmann, who offered to take over the nation’s third-largest newspaper chain this year, to help stabilize the company’s finances with a $50 million investment and set Lee up for the future. Hoffmann, whose family investment firm already owns more than 40 other publications, will become Lee’s chairman as he continues to pursue his goal of becoming the country’s largest newspaper publisher. He has said in recent interviews that he believes newspapers can continue to play an important role in covering ...

Stocks slip on Wall Street as 2025 winds down

NEW YORK (AP) — Stocks slipped in quiet trading on Wall Street Monday to kick off another holiday-shortened week. The losses have little impact on the broader annual gains for major indexes as they close out their final days of the year. There are two trading days left before the year ends. Markets in the U.S. will be closed Thursday for New Year’s Day. The S&P 500 fell 24.20 points, or 0.3%, to 6,905.74. The benchmark index is still up more than 17% for the year and it remains on track for its eighth monthly gain in a row. The Dow Jones Industrial Average fell 249.04 points, ...