Annual income needed to purchase a median-priced home in central Ohio has risen by 55.1 percent since 2019, according to a new report from Realtor.com. Buyers would need to make $99,777 a year to afford a median-priced home, which costs $377,450, in the Columbus area, according to the report. The median price for a home [...]
Apple CEO Tim Cook last week said that the majority of iPhones sold in the United States in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Donald Trump’s tariffs on its business. Apple’s earnings for [...]
Exxon Mobil’s first quarter profit slumped to the lowest level in years, stung by weaker crude prices and higher costs. The oil and gas giant earned $7.71 billion, or $1.76 per share, for the three months ended March 31. It earned $8.22 billion, or $2.06 per share, in the year-ago period. The results topped Wall [...]
NEW YORK (AP) — Amazon posted higher first-quarter profit and sales that beat analysts’ projections, underscoring the online behemoth’s hold on shoppers looking for low prices and a wide selection. The Seattle-based company said that it earned $17.13 billion, or $1.59 per share, for the quarter ended March 31. That’s up from $10.43 billion, or [...]
SACRAMENTO, Calif. (AP) — The U.S. House of Representatives voted last week to block California from enforcing first-in-the-nation rules phasing out the sale of new gas-powered cars by 2035. “The passage of these resolutions is a victory for Americans who will not be forced into purchasing costly EVs because of California’s unworkable mandates,” House Republicans [...]
DES MOINES, Iowa (AP) — A proposed carbon-capture pipeline that would traverse through several Midwestern states could face more hurdles in Iowa as a dozen Republican state senators try to force the issue to a vote. Summit Carbon Solutions likely will have to readjust plans for its estimated $8.9 billion, 2,500-mile project after South Dakota’s [...]
COLUMBUS (AP) — After years of attempts, state lawmakers last week voted to end the subsidy for two unprofitable Cold War-era coal plants that had cost Ohio ratepayers nearly $400,000 a day, after it was tucked into an energy bill at the center of the largest corruption scandal in state history. House Bill 15 would [...]
The Supreme Court of Ohio recently ruled in favor of a southeast Ohio school board that suspended the contracts of four district administrators as part of a reorganization plan devised by a newly hired superintendent. The 7-0 court affirmed a Seventh District Court of Appeals panel’s denial of a writ to compel the Switzerland of [...]
Norfolk Southern began making promises to East Palestine soon after its train derailed and caught fire in February 2023. The railroad operator said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, sending up a huge black plume of smoke that spread more toxic chemicals over homes, schools and [...]