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US stocks soar to their best day since May

NEW YORK (AP) — The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now. The S&P 500 rallied 2% for its best day since May. The Dow Jones Industrial Average soared 1,206 points, or 2.5%, and topped the 50,000 level for the first time, while the Nasdaq composite leaped 2.2%. Chip companies helped drive the widespread rally, and Nvidia jumped 7.8% to trim its loss for the week, which came into the day at just over 10%. Broadcom climbed 7.1% and erased its drop for the ...

Here’s when you’ll get your tax refund

NEW YORK (AP) — Tax filing season is underway, and the IRS expects 164 million people will file returns by April 15. The average refund last year was $3,167. This year, analysts have projected it could be $1,000 higher, thanks to changes in tax law. More than 165 million individual income ...

Study: Wealthy ramp up spending while other Americans tread water

WASHINGTON (AP) — Higher-income Americans and those with college degrees have ramped up their spending more quickly in the past three years than other consumers, according to new data released Tuesday, evidence of worsening inequality that may explain some of the growing pessimism about the ...

Uber found liable in sexual assault case and ordered to pay $8.5 million

The Associated Press A federal jury this week found Uber to be legally responsible in a 2023 case of sexual assault — ordering the rideshare giant to pay $8.5 million to a woman who said one of its drivers raped her during a trip using the platform. The verdict, reached Thursday in Arizona, follows years of criticism against Uber’s safety record, much of which spans from thousands of incidents of sexual assault reported by both passengers and drivers. Because Uber drivers are categorized as gig workers — working as contractors, rather than company employees — the platform has ...

‘X’ marks the spot for the Newton Falls treasure chase

Staff report There’s gold in them thar Falls. Don’t forget cash, silver and jewelry. Fieldview Acres Mercantile in downtown Newton Falls said it is taking a creative, communitywide approach to draw attention back to the town. Known locally as “The Merc,” the business announced a ...

Business briefs

7 17 PROMOTIONS: Warren-based 7 17 Credit Union has announced the following promotions. Bryan Klutzaritz has been named director of safety and security. Klutzaritz earned a bachelor’s degree in administration of justice from Penn State. In his new role, he will oversee the strategic direction and daily execution of safety and security initiatives across all credit union branches and facilities. Dan Schiavone has been named commercial lender / relationship manager. Schiavone earned a bachelor’s degree in business administration from Youngstown State University. He will be ...