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Business

Trump’s tariffs hit nearly every country in 2025

Since returning to the White House in January, President Donald Trump has overturned decades of U.S. trade policy — building a wall of tariffs around what used to be a wide open economy. His double-digit taxes on imports from almost every country have disrupted global commerce and strained ...

Average US long-term mortgage rate ticks down to 6.18%

WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage ticked down modestly this week, remaining in the same narrow range of the past two months. The average long-term mortgage rate fell to 6.18% from 6.21% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate ...

US consumers drive strongest economic expansion in 2 years

WASHINGTON (AP) — The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend in the face of ongoing inflation. U.S. gross domestic product from July through September — the ...

New gift box service in IR highlights UP region

IRON RIVER — When Kalee Hernandez of Iron River launched her Upper Peninsula-inspired charcuterie gift box service, CharYooperie, in early December, she had no idea it would take off the way it has. "What started as a small idea has exploded into something the U.P. community has embraced ...