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Menards having local food drive through June, July

ESCANABA/MARQUETTE — Menards home improvement stores are now serving as a drop site for local food pantries in June and July. “We’re excited to participate in this wonderful opportunity while lending a helping hand to the community,” the company stated in a news release. Menards offers a wide variety of non-perishable food items that can be donated to the food pantries, from boxes of cereal to cans of soup that can be found in the grocery department for immediate donation. A large collection box for donations has been placed near the exit doors. Menards has locations at ...

Mortgage rate eases from highest level in 9 months

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie Mac said Thursday. The average rate remains ...

Strong jobs report boosts odds for higher interest rates

The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The S&P 500 sank ...

Dow leaps to a record as oil prices ease, US stocks rally

NEW YORK (AP) — Wall Street rallied Thursday after falling oil prices and yields in the bond market eased the pressure on U.S. stocks. Banks, small companies and other stocks that had earlier been left behind by the euphoria around artificial-intelligence technology led the way. The S&P ...