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Business News

Federal Reserve cuts key rate, predicts healthier economy

WASHINGTON (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled it may leave rates unchanged in the coming months. Chair Jerome Powell signaled at a news conference the Fed would likely hold off on further rate cuts ...

What the Federal Reserve rate cut means

NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut. The benchmark rate is the rate ...

West Michigan sees signs that economic momentum slowing

West Michigan remains a leader in job and population growth across Michigan, but there are signs momentum has slowed amid staffing challenges, tariffs and the rise of artificial intelligence. Forty-six percent of Grand Rapids-area companies said in 2025 they were planning to expand, down from ...

US stocks hold in place on eve of Federal Reserve meeting

NEW YORK (AP) — U.S. stocks largely held in place Tuesday as Wall Street waits to hear what the Federal Reserve will say today about where interest rates are heading. The S&P 500 edged down by 0.1% and remained near its all-time high set in October. The Dow Jones Industrial Average ...

Elle Jay Studio promotes mental wellness with physical treatments

MANISTIQUE — Elle Jay Aesthetic Studio in Manistique is a spa created to provide Upper Peninsula residents with wellness treatments that make them feel better about themselves. Visiting is a luxurious experience that all sorts of people are welcome to enjoy, founder Laura Everhart ...

Sleigh the Deals returns — $1,000 could be yours

It’s the first Saturday of December, and with Thanksgiving behind us, it feels like the perfect time to shift from being thankful to giving back — especially to the businesses that make Delta County what it is. Across our waterfront communities, you’ll find shops, restaurants, small ...