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Business

S&P 500 drops 2% on economic worries

NEW YORK (AP) — Another wipeout walloped Wall Street Friday. Worries are building about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war. The S&P 500 dropped 2% for one of its worst days in the ...

New Resilience Beauty Bar offers medical spa treatments in IM

\IRON MOUNTAIN — The area’s only medical spa opened for business on Feb. 23. Owner Jenifer Mott wants to let old and new clients know she is in business as Resilience Beauty Bar, a fully licensed and insured medical spa. A medical spa is a hybrid facility combining the relaxing ...

Trump’s latest auto tariffs explained: What car buyers should know this year

DETROIT (AP) — President Donald Trump’s 25% tax on imported cars, light trucks and auto parts is likely to drive up prices at a time when many Americans already struggle to afford a new set of wheels. The tariffs will also force car companies to rethink what cars they make and where they ...

New board seated for Dickinson Chamber

IRON MOUNTAIN — The Dickinson Area Chamber of Commerce has chosen five new board members and retained one for another term. They are — — Elrico Hurley, ELH Document Services: Hurley owns a mobile notary and national signing service business. He has experience with leadership and ...

Average rate on a 30-year mortgage falls to 6.65%

The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what's traditionally the housing market's busiest time of the year. The rate fell to 6.65% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate ...

Trump places 25% tariff on imported autos, says the move ‘is permanent’

WASHINGTON (AP) — President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. "This will continue to spur growth," ...