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Business

Federal Reserve cuts key rate for first time this year

WASHINGTON (AP) — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. The move is the Fed's first cut since December and lowered its ...

Ford moving headquarters for the first time in 7 decades

DEARBORN, Mich. (AP) — Ford Motor Co. is taking a drive down the road in a couple of months. The venerable carmaker is moving its headquarters for the first time in seven decades, relocating to a newly constructed building 3 miles away in its longtime home of Dearborn, Michigan. The new ...

US stocks remain near record levels

NEW YORK (AP) — Wall Street coasted to the finish of its best week in the last five on Friday as U.S. stocks hung near their record levels. The S&P 500 barely budged and edged down by less than 0.1% from the all-time high it set the day before. The Dow Jones Industrial Average fell 273 ...

Inflation, deteriorating job market puts the Fed, US in difficult spot

WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries and airfares jumped while new data showed applications for unemployment aid soared, putting the Federal Reserve in an increasingly tough spot as it prepares to cut rates at its meeting next week despite persistent ...

Merle Norman joins Dickinson chamber

IRON MOUNTAIN — Merle Norman – Iron Mountain has joined the Dickinson Area Chamber of Commerce, which welcomed the business with a ribbon-cutting ceremony. Located at 1110 Carpenter Ave., Merle Norman – Iron Mountain offers a full range of beauty services and products, including hair ...