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US stocks drop as inflation remains stubbornly hot

NEW YORK (AP) — Another reading showing inflation remains hotter than feared rattled Wall Street further on Thursday. The S&P 500 was 1% lower in late trading following a report that showed inflation at the wholesale level slowed by less last month than economists forecast. It echoed a report on prices at the consumer level from earlier this week that suggested inflation isn’t cooling as quickly and as smoothly as hoped. The Dow Jones Industrial Average was down 260 points, or 0.8%, at 33,866, as of 3:23 p.m. Eastern time, while the Nasdaq composite was 1.2% lower. Stocks have ...

The value of time: how to calculate what your free time is really worth

Wealth of Geeks If you’re like most people, you haven’t distilled your free time down into a dollar figure. But it’s important when looking at making more money or finding a proper work-life balance. What’s the point of figuring out the value of your free time? You might want to maximize your income. Maybe you’re looking to set better financial goals for yourself or spend more time at home with your family. Whatever it is, understanding how much your free time is worth can help you make more informed decisions about how you spend your time inside and outside of an ...

Shop-Vac to cut about 80 jobs

Williamsport Sun Gazette About 80 employees at Shop-Vac’s Williamsport plant will lose their jobs under a reorganization of the company’s American operations, according to a report from PennLive. “These actions are being taken to better control costs and to enable us to continue our efforts to rebuild and restore the iconic Shop-Vac brand,” Gary DuBoff, company president, told PennLive. “Although we have seen some successes as a result of our efforts to date, this current measure has been dictated by the competitive cost environment and macroeconomic conditions… Simply ...

Elon Musk hopes to have CEO toward the end of year

DUBAI, United Arab Emirates (AP) — Billionaire Elon Musk said Wednesday that he anticipates finding a CEO for Twitter “probably toward the end of this year.” Speaking via a video call to the World Government Summit in Dubai, Musk said making sure the platform can function remained the most important thing for him. “I think I need to stabilize the organization and just make sure it’s in a financial healthy place,” Musk said when asked about when he’d name a CEO. “I’m guessing probably toward the end of this year would be good timing to find someone else to run the ...

Hyundai, Kia update security after TikTok challenge thefts

The Associated Press Hyundai and Kia are rolling out software updates to stem a raft of auto thefts related to a TikTok challenge that authorities believe has led to at least 14 reported crashes and eight fatalities. The updates are free for millions of vehicles that are missing a key anti-theft device, an issue that was exploited on social media and led to rampant theft of the cars. The software being released updates the theft alarm software logic to extend the length of the alarm sound from 30 seconds to one minute and requires the key to be in the ignition switch to turn the ...

JRV Chamber hosts ‘Share the Love’ event

LEWISTOWN — The Juniata River Valley Chamber of Commerce, in conjunction with Penn State Extension, continued its Business Breakfast Club series by hosting a “Share the Love” Valentine’s Day event on Tuesday. Rhonda Kelley, Chamber executive director welcomed attendees and event ...