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Business News

Column: 2025 U.P. State Fair set for August 11–17

ESCANABA — The Upper Peninsula State Fair is gearing up for another exciting year, bringing together families, businesses, and visitors from across the region for a week of celebration, culture, and community to Escanaba. The beloved tradition for residents and visitors alike, the fair will ...

Americans could invest in cryptocurrency through 401k accounts

NEW YORK (AP) — Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed Thursday by President Donald Trump that could give those ...

US applications for jobless benefits up modestly

WASHINGTON (AP) — The number of Americans filing for jobless benefits rose modestly last week, a sign that employers still retaining workers despite economic uncertainty related to U.S. trade policy. Jobless claims for the week ending Aug. 2 rose by 7,000 to 226,000, the Labor Department ...

Average rate on a 30-year mortgage drops to lowest level since April

The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said ...

Study highlights economic impact of supporting Michigan-based retailers

LANSING — Michigan could see nearly 12,000 new jobs and a $1.1 billion increase in economic activity by Michigan consumers shifting just 10% of their online spending back to local retailers. This significant potential impact is highlighted in the Buy Nearby Economic Study, conducted annually ...

What consumers can expect from import taxes

American businesses and consumers woke up Friday to find the contours of President Donald Trump's foreign trade agenda taking shape but without much more clarity on how import taxes on goods from dozens of countries would affect them. Late Thursday, Trump ordered new tariff rates for 66 ...