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Business News

NMU to again provide Mini Pitch competition

MARQUETTE — Innovate Marquette, SISU: The Innovation Institute at Northern Michigan University and the NMU College of Business have announced the second Mini Pitch Competition for high school and college students in the Upper Peninsula. The Mini Pitch was created for students to get the ...

Chamber welcomes three new members

The Delta County Area Chamber of Commerce provides an avenue for our business people to play a leadership role in building a healthy, vibrant community. We are partners to every community, every business and every citizen. When a business joins the Delta County Area Chamber of Commerce, they ...

Tumbling tech stocks pull Wall Street from record heights

NEW YORK (AP) — More drops for superstar artificial-intelligence stocks knocked Wall Street off its record heights on Friday. The S&P 500 fell 1.1% from its all-time high for its worst day in three weeks. The weakness for tech stocks yanked the Nasdaq composite down by a market-leading ...

Poll: Consumers not feeling much joy this holiday season

WASHINGTON (AP) — This holiday season isn't quite so merry for American shoppers as large shares are dipping into savings, scouring for bargains and feeling like the overall economy is stuck in a rut under President Donald Trump, a new AP-NORC poll finds. The vast majority of U.S. adults ...

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 ...