Duquesne Light Company reveals new center to help low income and homeless veterans

(Reported by Beaver County Radio News Correspondant Sandy Giordano, Published on November 7th, 2024 at 7:22 A.M.)

Duquesne Light Company has opened a new center to assist veterans in Pittsburgh that are homeless or low income. According to a release from Duquesne Light staff member Alyssa Battaglia yesterday, the Duquesne Light Veterans Workforce Center was shown after a ribbon cutting on October 25th in partnership with the U.S.  Department of Labor and Veteran’s Place of Washington Boulevard. Battaglia also notes that Since 2021, Duquesne Light Company has contributed $325,000 to renovate the former two-story donation and storage unit into a facility that offers activity areas, meeting rooms and virtual training programs to help veterans navigate their job search. 

Battaglia also asserts that Pennsylvania is home to the fourth-largest veteran population in the United States, with more than 800,000 veterans living across the state.  

Senate race still not over between Casey and McCormick

Even though Election Day is over, only one race has not ended, and that is the vote for the United States Senator in Pennsylvania between Democrat Bob Casey and Republican Dave McCormick. As of now, McCormick has a very slim lead, however there still remain some ballots that are mail-in and absentee that have yet to be counted, and provisional ballots have to still be determined. McCormick has a roughly 31,000-vote lead, which has been dwindling as outstanding votes continue to be counted. The roughly half-percentage-point margin between the candidates also qualifies the race for an automatic recount. 

McCormick overtook Casey with about 80% of the estimated votes counted just before midnight on Tuesday. Casey initially had a lead over McCormick when just about 40% of the estimated votes had been counted, propelled in part by mailed ballots that have historically favored Democrats. McCormick was doing better in votes cast on Election Day.

Source for Photo: FILE – This photo combo shows. Republican David McCormick, left, addressing supporters at the Heinz History Center in Pittsburgh, Sept. 21, 2023 and Sen. Bob Casey, D-Pa., speaking during an event at AFSCME Council 13 offices, March 14, 2024, in Harrisburg, Pa.. (AP Photo/Gene J. Puskar, Marc Levy, file)

McDonald’s and Krispy Kreme teaming up to deliver the famous donuts in Pittsburgh

Two sweet brands will be collaborating as McDonald’s will get deliveries of the famous Krispy Kreme Doughnuts each day in Pittsburgh McDonald’s restaurants starting on Tuesday, November 12th. These fresh treats from Krispy Kreme include their iconic Original Glazed® Doughnut, the Chocolate Iced with Sprinkles Doughnut and The Chocolate Iced Kreme™ Filled Doughnut.

An announcement earlier this year asserted the doughnuts will come to Pittsburgh as part of a phased market rollout across the country with availability to become nationwide at participating McDonald’s expected by the end of 2026. 

Daniel E. Kahle (1954-2024)

Daniel E. Kahle, 70, of South Beaver Township, passed away on November 4, 2024 at his home.

He was born on June 28, 1954, in Clarion, Pennsylvania, the son of the late Shirley Eckard. In addition to his mother, he was preceded in death by a son, Adam Kahle and a brother, Donald Kahle. He is survived by his wife, Robin (Herrmann) Kahle, three sisters, Donna Micoletti, Darla Carr, and Brenda Eckard, a brother, Dale “Woody” (Deb) Kahle, as well as numerous nieces, nephews, and friends.

Daniel had been a delivery driver for Laser Ship for many years and attended CUP Evangelical Presbyterian Church.

A Memorial Service will be held on Friday, November 8th at 11 A.M. at CUP Evangelical Presbyterian Church, 530 Blackhawk Road, Beaver Falls, PA 15010.

The GABAUER-LUTTON FUNERAL HOME & CREMATION SERVICES, INC., Chippewa Township, 117 Blackhawk Road, Beaver Falls, was honored to assist Daniel’s family during this time.

Binnie R. Stout (1933-2024)

Binnie R. Stout, 91, of Brighton Township, more affectionately known as “Amma”, passed away on Thursday, October 31, 2024 at Lakeview Personal Care Home of Darlington. She was born on September 23, 1933, in Wellington, Texas, the daughter of the late Albert Gatlin and Mary Ruth (Tedford) Quinet. In addition to her parents, Binnie was preceded in death by a brother, Billy Gatlin and a son-in-law, Jeff Richeal.

She is survived by her husband, Malcolm Stout, children, Ken Stout, Dolly Richeal, and Donna Pullman, grandchildren: Darcy Stiteler, Angela Erdelack, Amy Snider, Loni Smith, and Nick Stout; great-grandchildren: Jack, Carter, Josh, Jonah, Nate, Alex, Caileigh, and Emma; as well as numerous nieces, nephews, and special friends Aaron and Ron, who graciously provided help on the farm.

Binnie was a devoted homemaker, mother, grandmother, and great-grandmother.  She was a member of the New Brighton Church of Christ and enjoyed every moment spent with her family.

In keeping with Binnie’s wishes, all services were private.

Interment was in Grandview Cemetery of Beaver Falls.

The GABAUER FUNERAL HOME & CREMATION SERVICES, INC., 1133 Penn Avenue, New Brighton, was honored to care for Binnie and her family during this time.

Stocks and bitcoin jump after Trump’s victory. So do worries about inflation as Dow surges 1,500

A television screen on the floor of the New York Stock Exchange displays results of the Presidential election, Wednesday, Nov. 6, 2024. (AP Photo/Richard Drew)
By STAN CHOE AP Business Writer

NEW YORK (AP) — U.S. stocks stormed to records as investors bet on what Donald Trump’s return to the White House will mean for the economy and the world. The S&P 500 jumped 2.5% Wednesday for its best day in nearly two years. The Dow Jones Industrial Average surged 1,500 points, and the Nasdaq composite gained 3%. Big bank stocks led the way on expectations that Trump’s policies will lead to stronger economic growth and less regulation. Bitcoin also jumped to a record, while Treasury yields ran higher amid worries about bigger U.S. government borrowing and higher inflation. The U.S. dollar jumped against other currencies.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what Donald Trump’s return to the White House will mean for the economy and world. Among the losers the market sees: solar-power companies and potentially anyone worried about higher inflation.
The S&P 500 was jumping by 2.4% in afternoon trading and on track to top its all-time high set last month. The Dow Jones Industrial Average was up 1,438 points, or 3.4%, as of 2:30 p.m. Eastern time, while the Nasdaq composite was 2.8% higher.
The U.S. stock market has historically tended to rise regardless of which party wins the White House, with Democrats scoring bigger average gains since 1945. But Republican control could mean big shifts in the winners and losers underneath the surface, and investors are adding to bets built earlier on what the higher tariffs, lower tax rates and lighter regulation that Trump favors will mean.
“The markets are scrambling to figure out what happens next, but for the time being, the market is pricing in a higher growth and higher inflation outlook,” Peter Esho of Esho Capital said.
Of course, how much change Trump will be able to effect will likely depend on whether his fellow Republicans win control of Congress, and that’s still to be determined. That could leave room for snaps back in some of Wednesday’s big knee-jerk movements.
Nevertheless, the market is cleaving between rather clear winners and losers following Trump’s dramatic win. Among them:
Bank stocks, UP
Bank stocks led the market higher, in part on hopes that a stronger economy would mean more customers getting loans and paying them back with interest. They also rallied on hopes for lighter regulation from a Republican White House, which could spur more mergers and buyouts where investment banks could earn fees. JPMorgan Chase rose 10.6%, and financial stocks in the S&P 500 had the biggest gain by far among the index’s 11 sectors.
Crypto, UP
Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. The price of bitcoin hit an all-time high above $75,000, according to Coindesk, and was recently up 7.7% at roughly $75,466. Companies in the crypto industry also jumped, including trading platform Coinbase’s 32.1% leap.
Tesla, UP
Musk has become a close ally of Trump, exhorting the former president’s run. While Trump may end up hurting the electric-vehicle industry broadly by limiting government subsidies, analysts say Tesla could gain somewhat of an advantage by already being such a big player in the industry. Tesla revved 14.5% higher, while rival Rivian Automotive fell 8.4%.
Trump Media & Technology Group, UP
The company behind Trump’s Truth Social platform rose 3% after earlier jumping nearly 35%. It regularly trades more on Trump’s popularity than on prospects for its profits. Its rise came even after it filed unaudited financial documents with regulators late Tuesday saying it lost $19.2 million during the latest quarter and that its sales weakened from a year earlier.
Private-prison operators, UP
A Trump-led Washington could push for tougher enforcement of the nation’s borders, which could mean more business for companies that work with U.S. Immigration and Customs Enforcement, or ICE. GEO Group, which runs ICE processing centers, jumped 37.9%.
Stocks of smaller companies, UP
Trump’s America-First policies could help companies that focus on customers within the United States, rather than big multinationals who could be hurt by increased tariffs and protectionism. The Russell 2000 index of smaller stocks, which are seen as more domestically focused than the big stocks in the S&P 500, jumped 5.6%. That was more than double the S&P 500’s gain.
Treasury bond prices, DOWN
Investors see Trump’s policies potentially leading to stronger economic growth, which helps push prices down for Treasurys and their yields up. Tax cuts under Trump could also further swell the U.S. government’s deficit, which would increase its borrowing needs and force yields even higher. The yield on the 10-year Treasury jumped to 4.44% from 4.29% late Tuesday, which is a major move for the bond market. It’s up substantially from August, when it was below 4%.
Inflation worries, UP
Investors also see Trump’s policies likely adding to future inflation, particularly tariffs, which can add costs to U.S. households’ bills.
“Trump keeps openly telling people that he will increase tariffs not just on China but with every trade partner,” said Andrzej Skiba, head of BlueBay U.S. Fixed Income at RBC Global Asset Management. “We’re talking 10% tariffs across all global partners. This is a big deal because this could add 1% to inflation. If you add 1% to next year’s inflation numbers, we should say bye to rate cuts.”
A drop-off in immigration could also push companies to raise wages for workers faster, which in turn could put more upward pressure on inflation.
Expectations for interest rate cuts, MUDDLED
Much of Wall Street’s run to records this year was built on expectations for coming cuts to interest rates by the Federal Reserve, now that inflation seems to be heading back down to its 2% target. Easier interest rates help to boost the economy, but they can also give inflation more fuel.
The Fed will announce its latest decision on interest rates on Thursday, where the expectation is still for a cut, according to data from CME Group. But traders are already paring back their forecasts for how many cuts the Fed will provide through the middle of next year.
Foreign currencies, DOWN against the dollar
Trump has vowed to sharply hike tariffs on imports from China, Mexico and other countries, raising worries about trade wars and disruptions to the global economy. A measure of the U.S. dollar’s value against several major currencies climbed 1.6%, which means that those other currencies fell.
The euro sank 1.7%, the South Korean won fell 1.4% and the Mexican peso slipped a bit further against the dollar.
Rewnewable energy stocks, DOWN
Trump is a fan of fossil fuels, encouraging production of oil and natural gas. His win sent solar stocks sharply lower, including a 8.7% fall for First Solar and 15.1% slide for Enphase Energy.
The only stock with a bigger loss in the S&P 500 was Super Micro Computer, which said its sales for the latest quarter could come in below its prior forecast. Its stock sank 21.5%.
___
AP Writers Zimo Zhong, Elaine Kurtenbah, Kirstin Grieshaber and Kelvin Chan contributed to this report.

Tesla shares soar 13% as Trump win sets stage for Elon Musk’s electric vehicle company

FILE – Tesla and SpaceX CEO Elon Musk listens as Republican presidential nominee former President Donald Trump speaks at a campaign event at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Alex Brandon, File)

By DAMIAN J. TROISE AP Business Writer

NEW YORK (AP) — Shares of Tesla soaring after an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race. Tesla stands to make significant gains under a Trump administration due to its size, with the expectation that subsidies for alternative energy and electric vehicles will be threatened. While that would be a negative overall for the industry, it could give Tesla an advantage because of its market share. Shares of Tesla spiked 13%, while shares of rival EV makers fell.

Over 80% Turnout in Beaver County For The General Election

Photo of voters lined up at the poll at Ridge Point Family Church in Brighton Twp.. Photo taken by Beaver County Radio Staff.

(Brighton Twp.,Pa.)  Beaver County registered voters showed up in a big way for the general election on Tuesday. Of the 117,488 registered voters in Beaver County 80.7% cast a ballot via mail in, early voting , absentee, or by going to the polls.  You can see a chart of the figures below.

Campfires on state game lands in Pennsylvania temporarily prohibited by the Pennsylvania Game Commission

The Pennsylvania Game Commission has noticed continuing conditions from droughts, therefore the building of campfires on state game lands was temporarily prohibited by the commission.

According to a statement from the Pennsylvania Game Commission, camping isn’t allowed on state game lands, but people are allowed to build small fires for cooking or for staying warm.  

35 of Pennsylvania’s 67 counties have had drought conditions declared and over the past week, over one hundred wildfires have been reported.

Pennsylvania Department of Conservation and Natural Resources announces open burn ban

Fires are always dangerous, and the Pennsylvania Department of Conservation and Natural Resources put an open burn ban in effect for both forests and state parks in Pennsylvania. Pennsylvanians were warned to not spark a flame near areas of wood, because according to a Facebook post from the department on Tuesday, “A single spark can ignite a wildfire, risking your safety and that of others.” The post also noted that the ban happened because of sunny weather, temperatures that were unreasonable and decreased humidity, which increases the chance of wildfires. According to a statement from the Pennsylvania Department of Conservation and Natural Resources, every state park and forest in Pennsylvania is put on this ban until further notice.