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Business News

41 Lumber marks 100 years

41 Lumber hosted a customer appreciation day Thursday at its location at 6669 N. U.S. 2/41 and M-35 in Escanaba to celebrate the company's 100th year. 41 Lumber is a full-service building material supply and project design service company. They were founded in 1925 by Edward A. Hammer and ...

Retail sales rise a solid 0.5% in July

NEW YORK (AP) — Shoppers spent at a healthy pace in July, particularly at the nation's auto dealerships, as they appear to shrug off President Donald Trump's tariffs, which are starting to take a toll on jobs and lead to some price increases. Retail sales rose a solid 0.5% last month, and ...

Royalty selected at U.P. State Fair

ESCANABA — The 97th Annual U.P. State Fair opened on Monday, Aug. 11 with the Royalty Pageant, an annual event that showcases talent and beauty in a way that only the U.P. State Fair can — by awarding girls and young women who are involved personally in agriculture through exhibiting their ...

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

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10 months, giving prospective homebuyers a sorely needed boost in purchasing power that could help inject life into a stagnant housing market. The long-term rate fell to 6.58% from 6.63% last week, ...

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 ...

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 ...