News

‘Many’ Fed officials think higher rates will be needed if inflation stays high

Business News August 21, 2026

WASHINGTON — Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed. The minutes of the July 28-29 meeting, released Wednesday, don’t provide specifics on how many of the 19 officials supported higher rates. Only 12 of the 19 policymakers vote on the outcome. Officials voted 9-3 at the meeting to keep their key rate unchanged at about 3.6%. Inflation has since showed some signs of cooling, though gas prices have rebounded this ...

The bond market swings back to worries and knocks US stocks lower

Business News August 21, 2026

NEW YORK (AP) — The relief that swept the bond market just a day earlier disappeared on Thursday as oil prices, worries about high inflation and the U.S. government’s debt kept rising. That helped knock the U.S. stock market to its worst day in three weeks, and Walmart led the way on concerns about its upcoming profits. The S&P 500 fell 0.9% for its fourth loss in the five days since setting its all-time high last week. The Dow Jones Industrial Average dropped 703 points, or 1.3%, and the Nasdaq composite sank 1%. The bond market remains the center of the action after yields ...

Aircraft carrier arrives to relieve USS Lincoln

National News August 21, 2026

WASHINGTON (AP) — The Asia-based USS George Washington aircraft carrier is now operating in the Middle East, the U.S. military said Thursday, relieving a long-deployed carrier following reports of mental health challenges and supply shortages aboard while it was supporting the Iran war. U.S. Central Command, which oversees military operations in the Middle East, said on social media that the carrier arrived in the region Wednesday. It was not clear when the USS Abraham Lincoln would arrive back in the U.S. or whether it would make a port stop along the way, but the journey takes just ...

What beats seeing eclipses from space? Try the northern and southern lights

International News August 20, 2026

CAPE CANAVERAL, Fla. (AP) — Eclipses may be wondrous, but nothing beats seeing the northern and southern lights from space. That’s the word Wednesday from a pair of NASA astronauts living aboard the International Space Station for the past six months. Astronauts Jessica Meir and Jack Hathaway told The Associated Press that the space station’s position prevented them from seeing totality during last week’s solar eclipse, but they still enjoyed a partial eclipse. They said they’ll try to catch next week’s lunar eclipse, too. “We’re hoping for the best. It should be ...

Park upgrades unveiled

Trumbull commissioners honor trucking company in 100th year

Local News August 20, 2026

WARREN — Trumbull County commissioners honored Nick Strimbu Inc. for its 100th anniversary of providing trucking services in Trumbull County during Wednesday’s regular meeting. Strimbu Sr., working with his brothers, began hauling building materials across the county and Ohio during a period of rapid industrial and residential growth. Strimbu’s twin sons, Nick and Tom, operated the business through the mid-1950s. A third generation of the family, Bill and Nick Strimbu III, then took control of the company. Today, Harrison Strimbu, serving as vice president, and Spencer ...