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Business News

S&P 500 closes Tuesday at another record high

NEW YORK (AP) — Stocks closed Tuesday at another record on Wall Street after a surprisingly strong report on economic growth over the summer. The U.S. government's first assessment of economic growth during the third quarter also showed that inflation remains high. A separate report showed ...

Consumer confidence drops to lowest level since April

WASHINGTON (AP) — Consumers' confidence in the economy was shaken in December as Americans grew anxious about high prices and the impact of President Donald Trump's sweeping tariffs. The Conference Board said Tuesday that its consumer confidence index fell 3.8 points to 89.1 in December, ...

New gift box service in IR highlights UP region

IRON RIVER — When Kalee Hernandez of Iron River launched her Upper Peninsula-inspired charcuterie gift box service, CharYooperie, in early December, she had no idea it would take off the way it has. "What started as a small idea has exploded into something the U.P. community has embraced ...

Tourism, construction, investment mark strong year for county

ESCANABA — As 2025 comes to a close, Delta County stands out as a place gaining attention for all the right reasons. The combination of natural beauty, strong community character and continued investment has helped position the region as both a compelling travel destination and a ...

November US homes sales rose from previous month

Sales of previously occupied U.S. homes rose in November from the previous month but slowed compared with a year earlier for the first time since May despite average long-term mortgage rates holding near their low point for the year. Existing home sales rose 0.5% in last month from October to ...

Stocks rise on Wall Street as AI stocks turn higher again

NEW YORK (AP) — Stocks gained ground on Wall Street on Friday for a second straight day, wiping away losses from earlier in the week. Technology stocks were once again the main force behind the market's broader moves, especially companies with a focus on artificial intelligence. Both the ...