WASHINGTON — Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve. In a better-than-expected report, consumer prices declined 0.1 percent from May to June after having [...]
PITTSBURGH (AP) — Generations of Pittsburgh residents have worked at steel mills, rooted for the Steelers or ridden the rollercoaster at Kennywood amusement park, giving them a bird's eye view of the massive Edgar Thomson Works, the region's last blast furnace. Now, Steeltown USA's most storied steel company, U.S. Steel, is on the cusp of [...]
The NBA has agreed to terms on its new media deal, a record 11-year agreement worth $76 billion that would assure player salaries will continue rising for the foreseeable future and one that will surely change how some viewers access the game for years to come. A person familiar with the negotiations told The Associated [...]
A Warren County state lawmaker has proposed legislation to give Ohioans who struggle with mounting consumer debt another option to potentially ease their financial burdens. Rep. Scott Lipps of Franklin said debt-laden individuals who face financial difficulty have been limited to either credit counseling or bankruptcy. “Amid ever-increasing levels of unsecured consumer debt, Ohioans need [...]
NEW YORK — Destructive storms such as Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response. That could mean big profits for property and casualty insurers such as Allstate and Progressive in the coming year. Investors [...]
WASHINGTON (AP) — The Senate passed legislation last week to overhaul oversight and bring greater transparency to the crisis-plagued federal Bureau of Prisons following reporting from The Associated Press that exposed systemic corruption in the federal prison system and increased congressional scrutiny. The Federal Prison Oversight Act, which the House passed in May, now goes [...]
Tony Schumacher has a ready answer when fans wonder how much longer the 54-year-old, three-time world champion will keep climbing drag racing's ladder in the National Hot Rod Association. "About 10 years," Schumacher said. "That's what I've told them for the past 20 years." Age is just a number in drag racing, where cars hurtle [...]
WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. The Commerce Department report showed that consumer prices were flat from April to May, the mildest such performance in more than four years. Measured from a year earlier, prices [...]