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News

Federal Reserve policymakers show support for rate hikes

Business News

WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened ...

Local bread company to close

Local News

YOUNGSTOWN — Schwebel Baking Company, a Mahoning Valley institution founded in 1906, plans to end operations after the Fourth of July holiday, the company announced Wednesday in a news release. “The Schwebel’s brand has been known for the highest quality of bread, buns and other bakery ...

Retail sales up a strong 0.9% in May

Business News

NEW YORK (AP) — Shoppers stepped up their spending in May and surpassed expectations as temperatures warmed and gasoline prices leveled off. Retail sales rose 0.9%, up from a revised 0.4% gain in April, according to Commerce Department data released Wednesday. Sales got a boost from ...

City council OKs $130K SOBE study

Local News

YOUNGSTOWN — City council agreed to pay up to $130,000 to a law firm for a study that will offer long-term solutions for SOBE Thermal Energy Systems LLC, a troubled utility company that provides steam heat to a majority of downtown buildings. Council also voted 7-0 Wednesday in favor of a ...

Vote for appraisal contracts set for Chill-Can parcels

Local News

YOUNGSTOWN — The board of control will vote Thursday on contracts for appraisals of the two remaining parcels the city doesn’t own at the dormant Chill-Can site as well as the former Anthony’s on the River property. The city owns all of the Chill-Can property but those two parcels, ...

Vote for appraisal contracts set for Chill-Can parcels

Local News

YOUNGSTOWN — The board of control will vote Thursday on contracts for appraisals of the two remaining parcels the city doesn’t own at the dormant Chill-Can site as well as the former Anthony’s on the River property. The city owns all of the Chill-Can property but those two parcels, ...