Breaking News

News

Ticker: Tech stocks lead a rally on Wall Street

Local Business

Stocks rose on Wall Street as bond yields eased further and a rally in big technology companies helped the market recoup its losses from earlier in the week. The S&P 500 rose 1.1% Thursday, with technology stocks powering much of the gains. The Dow climbed 1.2%, and the Nasdaq composite rose 1.4%. Volkswagen cuts 50,000 more jobs Volkswagen’s board has approved a major cost-cutting plan to counter low-cost competition in China and U.S. tariffs. The plan, presented by CEO Oliver Blume, includes cutting 50,000 jobs, halving the model line, and ending production at four German plants. ...

Local developer purchases Colonial Courtyard building in Tyrone

Local News

TYRONE — Local developer Jeff S. Long has purchased the Colonial Courtyard building at 5546 E. Pleasant Valley Blvd. Long, who built the building about 28 years ago and sold it, decided to purchase the facility after business operator IntegraCare, which had been struggling, reached out to ...

Sandusky lawyers aim to delay hearing

Local News

STATE COLLEGE — Lawyers for former Penn State assistant football coach Jerry Sandusky asked Thursday to cancel a court date for a hearing over a claim that an accuser wants to recant allegations that Sandusky sexually abused him years ago. The hearing was scheduled for Sept. 8 in the latest ...

Blair County commissioners taking applications again for opioid funding

Local News

HOLLIDAYSBURG — Blair County commissioners agreed Thursday to again solicit applications for another round of funding from the National Opioid Settlement. The county expects to receive about $700,000 from its next allocation, Director of Social Services Tricia Johnson told commissioners at their weekly meeting. As deemed in the litigation settlement, the money is to be used to abate and remediate the harm resulting from the nation’s opioid epidemic. Local entities interested in asking for a portion of the $700,000 will need to submit an application package to the county by Oct. ...

Ticker: Ollie’s Bargain Outlet reports Q2 earnings

Local Business

Ollie’s Bargain Outlet Holdings Inc. on Wednesday reported fiscal second-quarter earnings of $85.5 million. The Harrisburg, Pennsylvania-based company said it had profit of $1.42 per share. The retailer posted revenue of $741.3 million in the period, which missed Street forecasts. Five Below posts Q2 net income of $221.4M Five Below Inc. on Wednesday reported fiscal second-quarter net income of $221.4 million. The Philadelphia-based company said it had profit of $3.99 per share. Earnings, adjusted for pretax gains, came to $1.68 per share. The discount retailer posted revenue of ...

NYC schools address AI in class

Local Business

New York City’s public schools will temporarily ban elementary and middle school students from using generative artificial intelligence tools during the upcoming school year, Mayor Zohran Mamdani announced Wednesday. The one-year moratorium — part of a broader assessment of how children in the nation’s largest school system interact with the technology — will apply to “all software that uses student-facing generative AI” for students through eighth grade, the mayor’s office said. It described the policy as the most expansive prohibition in the country. At the same time, ...