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Ticker: Lower-income Americans hit hardest by gas prices

Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy’s disparities, new research released Wednesday showed. Higher-income households, meanwhile, ratcheted up their spending on gas while barely reducing their consumption, according to a report from the Federal Reserve Bank of New York. Middle-income households fell in-between. Hopes for strait reopening push Asian shares higher Asian shares are sharply higher and the price of crude oil was holding above ...

Tribes sue to halt drilling near sacred Black Hills site

Nine Native American tribes in South Dakota, North Dakota and Nebraska are suing the federal government in a bid to stop exploratory drilling for graphite near a sacred site in the Black Hills. A small group of opponents has been demonstrating at the drilling location and at the mining company’s headquarters in what they call a land defense effort since they learned ground was broken on the drilling project in late April. The tribes filed their federal lawsuit Thursday in South Dakota against the U.S. Forest Service and U.S. Department of Agriculture, alleging the agencies violated ...

Actors, studios reach tentative deal

LOS ANGELES — Union board members representing television and movie actors are set this week to review a tentative contract deal with studios and streaming services. While an agreement was announced Saturday, it still must be approved by the board of the Screen Actors Guild-American Federation of Television and Radio Artists, then ratified by a member vote. If both those things happen — as they’re expected to — the industry will avoid a repeat of the 2023 actor and writer strikes that seriously shook the entertainment industry. This year’s negotiations were drama-free, and ...

Briefcase: Sweet Spot Creamery opens

DUNCANSVILLE The Sweet Spot Creamery, 1524 Third Ave., Duncansville, behind Coffee on 3rd, is now open for business. The Sweet Spot Creamery, featuring Penn State Creamery ice cream, is a partnership between the Hollidaysburg Area School District and Coffee on 3rd. The school district ran a mentor program for seven students who created the business. Coffee on 3rd owner Ashlyn Dugan is the owner of The Sweet Spot Creamery and provided the space for the Hollidaysburg School District program. The Creamery will be staffed by students. BELLWOOD Job fair set for library Pennsylvania ...

Ticker: Shares of eBay take off on $56 billion buyout bid

Shares of eBay are soaring before the opening bell after Ryan Cohen’s GameStop announced an attempt to take over the company for about $56 billion, seeing it as a vehicle to compete with online retail giant Amazon. GameStop said that its approximately 1,600 U.S. stores could become drop-off and shipping locations. Wall Street falls from its records; oil prices jump U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran. The S&P 500 fell 0.4% Monday, coming off its latest ...

In full bloom: Mother’s Day remains a busy time for florists

Once again, flowers remain the most popular gift for Mother’s Day and that’s good news for area floral shops. According to the National Retail Federation, 75% of shoppers will buy flowers for mom, spending about $32 billion. Mother’s Day is the biggest holiday for florists, and ...