Business category, Page 24

WASHINGTON — President Donald Trump announced deals Friday with five law firms that will allow them to avoid the prospect of a punishing executive order and require them to together provide hundreds of millions of dollars’ worth of free legal services for causes his administration supports. The resolutions reflect the...

Construction is underway for a new manufacturing facility that officials said could bring as many as 150 new jobs to Westmoreland County. Officials this week held a groundbreaking for a 228,000 square-foot building at Commerce Crossing, the county’s newest industrial park, in Sewickley Township. Chelsea Building Products paid $1.8 million...

NEW YORK — U.S. stocks are climbing Friday in another manic day on Wall Street, while the falling value of the U.S. dollar and other swings in financial markets suggest fear is still high about escalations in President Donald Trump’s trade war with China. The S&P 500 was 1.5% higher...

Elaine Smith had to hear the Corning whistle one last time. Smith, 70, of Monessen retired in 2020 after a 45-year career at the Pyrex glass plant, which has been a staple in Charleroi for more than a century. She said she was ready for tears to flow Friday for...

BEIJING — China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import...

A few dozen ATI workers rallied outside the company’s Vandergrift plant Thursday as the deadline nears to reach a union contract, arguing the specialty metal manufacturer’s recent success should trickle down to the rank-and-file. “We’re not asking for the moon and the stars,” said Keith Beavers, a maintenance technician and...

NEW YORK — Stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday’s surge of 9.5% following Trump’s decision to pause many of his tariffs worldwide....

U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks. The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on...

BRUSSELS — The European Union’s executive commission said Thursday it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution. European Commission President Ursula von der Leyen said that the commission, which...

Many consumers and business owners across Western Pennsylvania responded Wednesday with a sense of relief to President Trump’s decision to pause most of his hefty reciprocal tariffs on imported goods — and the stock market responded with historic gains. But the 90-day pause doesn’t apply to China, one of the...

Shares of United States Steel Corp. fell Wednesday when President Donald Trump renewed his opposition to the sale of the American steel producer to Japan’s Nippon Steel Corp., according to published reports. Trump called U.S. Steel a “very special company,” reported Kyodo News. He reportedly told reporters that, despite his...

NEW YORK — When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses. But that was about to change. “THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m. Less than four hours later,...

The $1.7 billion Pittsburgh International Airport modernization project is hundreds of millions more than initially planned. Inflation isn’t solely to blame for the rising cost of the project, Allegheny County Airport Authority CEO Christina Cassotis said in a statement. Instead, the authority is performing other maintenance and improvement work at...

ISLAMABAD — U.S. companies are seeking to invest in Pakistan’s largely untapped minerals sector that boasts one of the world’s largest copper and gold deposits, the Pakistani government said Wednesday. Eric Meyer, Senior Bureau Official for the State Department’s Bureau of South and Central Asian Affairs, conveyed that interest directly...

BANGKOK — China again vowed to “fight to the end” Wednesday in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from Thursday. Beijing also added an array of countermeasures after U.S. President Donald Trump raised the total tariff on...

BANGKOK — Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a 104% levy on Chinese imports, went into effect. Japan’s Nikkei 225 index initially lost nearly 4% and markets elsewhere in the region also declined. On Tuesday, the S&P 500 dropped 1.6% after wiping...

Shares of Cal-Maine Foods, the largest U.S. egg producer, fell in after-hours trading Tuesday once the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice. Ridgeland, Mississippi-based Cal-Maine said it received notice of the investigation into egg price increases last month. Cal-Maine said...

The tariff steamroller ran over the stocks of some good companies in the first quarter and early April. That provides lots of candidates for my Casualty List, a roster of stocks that have been hit hard and that I believe have excellent recovery potential. The basic idea in investing is...

As television station owners gathered in Las Vegas this week for the annual National Association of Broadcasters convention, they sent an urgent message to Washington that could be summed up in one word — “Help.” Streaming video has siphoned away the traditional viewing audience. Advertisers have shifted their budgets to...

If you feel like Western Pennsylvanians pay more for gasoline, you’re right. You can blame geography, experts say. Within the state — already home to the nation’s ninth-most expensive gasoline and the country’s third-highest gas tax — fuel costs more in the Pittsburgh region than almost anywhere, including the Philadelphia...

WASHINGTON — President Donald Trump on Tuesday signed a series of executive orders aimed at boosting the struggling coal industry, a reliable but polluting energy source that’s long been in decline. Under the four orders, Trump uses his emergency authority to allow some older coal-fired power plants set for retirement...

Beyond the emotional strain of a “gray divorce,” managing your finances is critical. The first step is hiring an experienced divorce attorney. Although it might be tempting to avoid legal fees, going without professional guidance could cost you more in the long run. Additionally, understanding the key financial and tax...