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Business

Fed projects one rate cut this year

WASHINGTON (AP) — Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026. For now, Fed policymakers left short-term interest rates unchanged Wednesday for the ...

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 ...