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Ticker: S&T Bancorp reports fourth quarter profit

S&T Bancorp Inc. on Thursday reported fourth-quarter profit of $34 million. The Indiana, Pennsylvania-based bank said it had earnings of 89 cents per share. The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 89 cents per share. The holding company for S&T Bank posted revenue of $145.4 million in the period. Its revenue net of interest expense was $105.3 million, beating Street forecasts. For the year, the company reported profit of $134.2 million, or $3.49 per share. Revenue was reported as ...

TikTok finalizes deal to form new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years. The social video platform company signed agreements with major investors including Oracle, Silver Lake and MGX to form the new TikTok U.S. joint venture. The new version will operate under “defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation and software assurances for U.S. users,” the company said in a statement Thursday. American TikTok users can ...

SCOTUS inclined to keep Cook at Federal Reserve

WASHINGTON — The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump’s bid to wrest control of the nation’s central bank. The justices heard arguments over Trump’s effort to fire Cook based on ...

McCarl & Co. to host heavy metal experience

Blair County-based S.P. McCarl & Co. is hosting a Heavy Metal Summer Experience this June. This is a free program that offers high school students and recent graduates a hands-on introduction to career opportunities in building trades. The camp will take place in both the sheet metal and pipe fabrication shops in Altoona. Students will have the opportunity to complete two hands-on projects that will require piping, electrical, sheet metal and safety. The weeklong camp will begin on June 22. The event is a free opportunity for any student who wants to try out building trades to see if ...

NEW YORK — The U.S. stock market bounced back from its worst day since October on Wednesday after President Donald Trump said he reached the framework for a deal about Greenland, an island he’s long coveted, and won’t impose tariffs he had threatened on several European countries. The S&P 500 rallied 1.2% after Trump said the deal, “if consummated, will be a great one for the United States of America” and its allies in the North Atlantic region. The announcement triggered an immediate move higher in the stock market, which found solace earlier in the day after Trump ratcheted ...

Ticker: Argentina welcomes EVs from Chinese vessel

The vast field of over 5,800 electric and hybrid vehicles gleamed on the cargo deck of the BYD Changzhou, an Chinese container vessel unloading Wednesday at a river port in eastern Argentina. In other places, such a scene would not be noteworthy. Chinese automaker BYD has sped up its exports and undercut rivals the world over, alarming Washington, upsetting Western and Japanese auto giants and unnerving local industries across Southeast Asia, Africa and Latin America. But the sight of so many new Chinese EVs gliding onto a muddy river bank in Buenos Aires province was unprecedented ...