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WASHINGTON (AP) — Inflation remained elevated last month as gas prices jumped while the cost of rents cooled, painting a mixed picture of the expenses consumers are facing. Consumer prices increased 3 percent in September from a year earlier, according to the latest data from the Labor Department. That’s the highest since January and up [...]
The number of homes sold in central Ohio is up 2.1 percent so far this year compared to the first nine months of 2024, according to new figures from Columbus Realtors. Home sales increased 7.9 percent in September with an average sale price of $368,290. The average price of a home sold this year is [...]
A group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment, which owns Cedar Point in Sandusky and Kings Island in Mason. The group says it intends to press the company’s leadership on ways to improve the struggling amusement [...]
Six central Ohio projects are among the winners of the annual Columbus Chapter, American Institute of Architects awards this year, including a residence in Worthington, an office building near Lower.com Field in downtown Columbus and a Westerville distillery. The 2025 winners represent a variety of projects, including three honor and six merit awards. They were [...]
NEW YORK (AP) — Wall Street investors say they are concerned about the health of the nation’s regional banks after a few of them wrote off bad loans to commercial customers earlier this month and caused investors to wonder if there might be more bad news to come. Zions Bank, Western Alliance Bank and the [...]
Investors last week said they looked past a 22 percent drop in CSX’s third quarter earnings and focused on the direction the railroad operator’s new CEO might take it and the possibility of any strategic deals. CEO Steve Angel said he promised to focus on making CSX the best-performing railroad company in the nation. Without [...]
WASHINGTON (AP) — For a generation of young Americans, choosing where to go to college — or whether to go at all — has become a complex calculation of costs and benefits that often revolves around a single question: Is the degree worth its price? Public confidence in higher education has declined in recent years [...]
Stellantis says it will invest $13 billion over the next four years to expand its manufacturing capacity in the United States, a move that the automaker says will increase its domestic vehicle production by 50 percent and add more than 5,000 jobs. The world’s fourth-largest carmaker said the investment will support the introduction of five [...]
NEW YORK (AP) — Retailers are forecast to reduce or delay plans to hire seasonal workers who pack orders at distribution centers, serve shoppers at stores and build holiday displays during the biggest selling season of the year. American Christmas LLC, which creates elaborate holiday installations for commercial properties such as New York’s Rockefeller Center [...]
The average rate on a 30-year mortgage edged lower last week, returning to its lowest level in about a year. The average long-term mortgage rate slipped to 6.3 percent from 6.34 percent the previous week, according to mortgage buyer Freddie Mac. A year ago, the rate averaged 6.32 percent. The drop brings the average rate [...]