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Business News

Michigan Works! celebrates cybersecurity apprenticeship program

IRON MOUNTAIN — How do you address the critical talent shortage in cybersecurity, grow a cybersecurity ecosystem in the Upper Peninsula, and keep young talent? If you’re Evan Rice - senior vice president of Guide Star, an Iron Mountain company providing security and technology services - ...

Producer prices drop 0.3% since April

WASHINGTON (AP) — Wholesale prices in the United States dropped 0.3% from April to May, another sign that inflationary pressures continue to ease in the face of repeated interest rate hikes by the Federal Reserve. The Labor Department’s producer price index — which measures inflation ...

Average long-term US mortgage rate falls

The average long-term U.S. mortgage rate fell again this week, positive news for potential homebuyers after rates reached their highest level since November earlier this month. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan slipped to 6.69% ...

Retail sales rose 0.3% in May despite pressure from inflation

NEW YORK (AP) — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3% from April to May, boosted by stronger sales of auto and ...