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Business

US stocks climb after oil prices ease

NEW YORK (AP) — A drop in oil prices on Monday helped send the U.S. stock market to its best day since the war in Iran began. The S&P 500 climbed 1% for its biggest gain in five weeks. The Dow Jones Industrial Average added 387 points, or 0.8%, and the Nasdaq composite jumped ...

Menco relocating to Menominee County, expanding operations

LANSING, Mich. — Menco LLC is relocating its machining facility from Wisconsin to Mellen Township in Menominee County, the governor's office announced Wednesday. The company’s relocation will generate more than $1.2 million in capital investment and create 13 new jobs with starting wages ...

Mortgage rate rises to 6.11%, where it was five weeks ago

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war with Iran. The benchmark 30-year fixed rate mortgage rate ticked up to 6.11% from 6% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged ...

Stocks slide after early rise

Wall Street's losses deepened Friday as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy. The S&P 500 fell 0.6% after having been up as much as 0.9% in the early going. The benchmark index is now down ...