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Business

R Place keeping a tradition alive

SPALDING — A coming-together of two businesses has created an area favorite in Spalding. Troy Veraghen is a lifelong area resident and his family has a long history with food service. For more than a half-century his grandparents and then his parents owned and operated the Big R Cafe, a ...

First aid for vehicles: EMS gives rise to Integrity Automotive Care in IM

IRON MOUNTAIN — Integrity CARE EMS has provided ambulance service in the area since 2016. But starting in March, the site began offering vehicle repairs as well through Integrity Automotive Care, owned by Jessica Smith and Don Koerner. “People know that we are an ambulance service ...

Bay Escanaba campus to host Upper Michigan Safety Conference April 26

ESCANABA — Bay College will host the 2024 Upper Michigan Safety Conference Friday, April 26, on the Escanaba Campus. This full-day conference will feature 25-plus workplace safety and health presentations, and demonstrations applicable to all industries. The Upper Michigan Safety ...

US mortgage rate climbs above 7%

LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer ...

Biden vows to shield steel industry

PITTSBURGH (AP) — President Joe Biden promised cheering, unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class ...

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. "Recent data have clearly not given us greater ...