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Business

Optimism Builds For Home Builders

LOS ANGELES — By almost any measure, the U.S. housing market has yet to emerge from a more than year-long slump. Through the first three months of 2023, sales of previously occupied U.S. homes are running 28% below the pace in the same quarter last year, while sales of new homes are down ...

Inflation, Interest Rates Could Weigh On Economy

FRANKFURT, Germany (AP) — The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets. That was the takeaway Wednesday from the latest economic outlook by the ...

One Metric Shows Recession May Be Here

NEW YORK — The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety. Companies are in the midst of an “earnings recession,” meaning profits have contracted for two straight quarters, starting with a 4.6% drop at the end of ...

Changing Market

BOSTON (AP) — Teens have long been vital to filling out the summertime staffs of restaurants, ice cream stands, amusement parks and camps. Now, thanks to one of the tightest labor markets in decades, they have even more sway, with an array of jobs to choose from at ever higher ...

New Owner Reopens Westfield Pizza Shop

Nick Barresi cuts the ceremonial grand opening red ribbon celebrating his ownership of CJ’s Pizza, 77 E. Main St., Westfield, recently. The new look of the dining room and menu embraces an updated eclectic style restaurant while keeping the traditional recipes. Some new items have been added ...

Overdose Fight Goes To Vending Machines

WASHINGTON — Vending machines that have long been stocked with snacks are getting repurposed to distribute life-saving supplies to help fight the opioid epidemic. A growing number of cities and local governments are making so-called “harm reduction” items, including the ...