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Business News

Average mortgage rate slips to 6.27%, nearing low for 2025

The average rate on a 30-year U.S. mortgage declined again this week, easing to just above its lowest level this year. The average long-term mortgage rate slipped to 6.27% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.44%. The latest dip ...

Wall Street has worst day since April after threats of more China tariffs

NEW YORK (AP) — A monthslong calm on Wall Street shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China. The S&P 500 sank 2.7% in its worst day since April. The Dow Jones Industrial Average dropped 878 points, or 1.9%, and ...

Firings begin as WH seeks to pressure Democrats in shutdown

WASHINGTON (AP) — The White House budget office said Friday that mass firings of federal workers have started, an attempt by President Donald Trump's administration to exert more pressure on Democratic lawmakers as the government shutdown dragged into a 10th day. Russ Vought, the director ...

Wall Street finishes winning week with more records

NEW YORK (AP) — Most U.S. stocks ticked higher on Friday, sending Wall Street to more records. The S&P 500 edged up by less than 0.1% to close out its seventh winning week in the last nine, and the Dow Jones Industrial Average climbed 238 points, or 0.5%. Both added to their all-time ...

Government shutdown means no monthly jobs report

WASHINGTON (AP) — From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs ...

Tourism: A key driver of jobs, income and growth

Tourism is not just an added benefit in Delta County; it is a pillar of the local economy. According to recently shared 2024 data from the Michigan Economic Development Corporation, tourism supports 1,377 jobs here, or 7.3% of all employment. This makes Delta County the third-largest tourism ...