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Home sales weaken as mortgage rates, home prices climb

National News

Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally adjusted annual rate of 3.98 million units, the National Association of Realtors said Thursday. This is the third straight monthly decline. Sales also fell 1.2% compared with August last year. The latest sales tally is just shy of the 4 million pace economists were expecting, according to FactSet. “It’s not a surprise home sales and ...

Business briefs

Business

THE FINALISTS: Four companies will take the stage when YBI’s annual Shark Tank fundraising event takes place Thursday, Oct. 29, at Mr. Anthony’s Banquet Center in Boardman. The competitors, announced earlier this month, are Daisy Makes — a family-owned company based in Kent that created the patented Original Popper System and other 3D-printed tools designed for bakers; Homello — a real estate app built by a Mahoning County real estate agent; Orhont Magnetics — a Youngstown firm that develops high-power electric propulsion systems for harsh, highly constrained environments; ...

Tim Ryan named to AI commission

Local News

Tim Ryan, who represented the Mahoning Valley in the U.S. House for 20 years, was among 20 people named to the Commission on AI and the Future of the American Workforce. Created by the American Enterprise Institute and the Urban Institute, the commission plans to assess how artificial intelligence is reshaping jobs, skills, benefits and earnings. It also seeks to develop practical policy options to help workers, employers and governments adapt. The committee is co-chaired by Republican Paul Ryan, a former speaker of the U.S. House, and Democrat Gina Raimondo, a former U.S. secretary of ...

State and local at a glance: Kristen Rock sets schedule to meet with county voters

Local News

Kristen Rock sets schedule to meet with county voters Kristen Rock, the Democratic candidate for Trumbull County commissioner, will discuss her plans for the county with residents during a series of public meetings. Rock said every decision made by county government should be measured against how well it directly improves the lives of residents. Rock’s meeting dates are: • 8 a.m. Thursday, Panera Bread on Elm Road. • 10 a.m. Friday, Niles SCOPE Center. • 7 p.m. Sept. 21 via Zoom. Email cardwellelizabeth@gmail.com for meeting details. • 5 p.m. Sept. 22, Girard ...

Flagship RAM adds luxury with performance

Business

While loyal Hemi engine owners were able to convince parent company Stellantis to keep its throaty 5.7-liter V8 for a time, the new twin turbo powerhouse has proven to be quicker and more economical. Our top-of-the-line RAM 1500 Tungsten Crew Cab was outfitted with the new 3.0-liter Hurricane high output inline-six cylinder mated with a smooth shifting eight-speed tranny The posh Tungsten is a full-size pickup featuring a 540-horsepower engine with 520 pounds per foot of torque in its High Output version. A Standard Output makes 420 ponies and 469 pounds per foot of torque — take ...

Woman accused of ramming Liberty hotel

Local News

LIBERTY — A Youngstown woman faces charges after she was accused of ramming a hotel with her vehicle early Friday. Zayanna Dowd, 22, pleaded not guilty later in the day to a misdemeanor charge of aggravated menacing in front of Girard Municipal Court Judge Jeffery Adler. She also appeared on a charge of vandalism. According to a police report, officers were called to the Days Inn on Liberty Street for an unrelated call, but a disturbance had happened there, and all involved people were gone by the time officers arrived. Officers spoke with the hotel’s manager, who said a ...