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How the rich pass on wealth

NEW YORK (AP) — Death and taxes may be inevitable. A big bill for your heirs is not. The rich have made an art of avoiding taxes and making sure their wealth passes down effortlessly to the next generation. But the tricks they use — to expedite payouts to heirs and avoid handing money to ...

Tax season is here

NEW YORK (AP) — Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the looming deadline, start getting organized as soon as possible. “Don’t wait until the last minute but also don’t rush,” said Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals, Gathering all your documents, signing up for direct deposit and keeping copies of your tax returns are some of the best practices when it comes to preparing to fill out your taxes. This year, due to the ...

Business briefs

BOARD APPOINTMENTS: The Autism Society of Mahoning Valley appointed Ashley Douglas, Deonna Lampley and Julie Santha as the newest members to its board of directors. Douglas is a Youngstown native and Small Business Banking and SBA closing officer with WesBanco Bank, bringing nearly two decades of experience in financial leadership and retail management. Her extensive community involvement includes serving as president of Alta Head Start’s Policy Council and continued board service with Alta Head Start and Behavioral Health. Lampley is a Youngstown native and licensed social worker ...

As costs rise, people want data centers to pay their part

HARRISBURG, Pa. (AP) — As outrage spreads over energy-hungry data centers, politicians from President Donald Trump to local lawmakers have found rare bipartisan agreement over insisting that tech companies — and not regular people — must foot the bill for the exorbitant amount of electricity required for artificial intelligence. But that might be where the agreement ends. The price of powering data centers has become deeply intertwined with concerns over the cost of living, a dominant issue in the upcoming midterm elections that will determine control of Congress and ...

Buffett’s company invests in New York Times six years after he sold all of his newspapers

OMAHA, Neb. (AP) — Six years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for most of the industry, Berkshire disclosed a new $350 million investment in The New York Times on Tuesday. The somewhat surprising move highlighted the quarterly update Berkshire filed with the Securities and Exchange Commission about the company’s stock holdings in Buffett’s last quarter as CEO. Berkshire also increased its investment in Chevron just before President Donald Trump ordered the arrest of Venezuela’s president, and the Omaha-based ...

Wall Street keeps calm after high court strikes down Trump’s tariffs

NEW YORK (AP) — Wall Street kept calm Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs, which had triggered panic in financial markets when announced last year, and stocks ticked higher. The S&P 500 rose 0.7%. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation. The Dow Jones Industrial Average added 230 points, or 0.5%, and the Nasdaq composite rose 0.9%. Many on Wall Street were likely expecting such a ruling from the ...