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Michigan AG protests UPPCO rate increase

An electric rate hike proposed by Upper Peninsula Power Co. would increase rates for residential customers by 15.6%, according to Michigan Attorney General Attorney General Dana Nessel, who has filed testimony against the request. UPPCO is seeking a $17.3 million increase through the ...

A reprieve from rising oil prices boosts stocks

NEW YORK (AP) — A cooldown in oil prices on Friday helped release some of the pressure that's built up on Wall Street, and U.S. stocks closed out their first winning week in the last three. The S&P 500 added 0.5% to break a three-day losing streak marked by big swings due to rising ...

US stocks slide on worries about inflation

NEW YORK (AP) — Pressure from the U.S. bond market hit a new level on Wall Street Wednesday after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink. The S&P 500 fell 0.8% after ...