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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, ...

Surging silver and gold slide after CME raises margin requirements

NEW YORK (AP) — Silver and gold futures fell sharply Monday after the Chicago Mercantile Exchange, one of the world’s largest trading floors for commodities, asked traders to put up more cash to make bets on precious metals with prices surging this year. This year, gold futures are up 65% and silver has more than doubled. The CME raised margin requirements for gold, silver and other metals in a notice posted to the exchange’s website Friday. These notices require traders to put up more cash on their bets in order to insure against the possibility that the trader will default ...

‘A natural fit’

YOUNGSTOWN — A small manufacturing firm specializing in induction heating equipment has changed hands in an asset purchase that preserves jobs and positions the company for growth in this former steel hub. Induction Professionals LLC, located at 1058 Ohio Works Drive in an industrial ...

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TAYLOR HONORED: Trumbull County Tourism recently recognized Jordan Taylor of the Mahoning Valley Scrappers for his long-standing service on the organization’s board of directors, including multiple leadership roles that helped advance tourism across the county. Taylor most recently served as treasurer and has been an active voice for sports tourism, community partnerships and regional collaboration. His guidance has supported Trumbull County Tourism’s efforts to highlight local attractions, drive visitor spending and strengthen the county’s profile as a welcoming, affordable ...