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Business

US home prices hit all-time high as sales slow, mortgage rates rise

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to affordability challenges for prospective homebuyers. Existing home sales fell 2.4% last month from May to a seasonally adjusted annual rate of 4.09 million units, the ...

Kaudy becomes president and CEO of CoVantage CU

ANTIGO, Wis. – Matt Kaudy has taken over as president and CEO of CoVantage Credit Union, succeeding Charlie Zanayed as only the fourth CEO in the cooperative’s 73-year history. Kaudy stepped into the role after Zanayed’s previously announced retirement, concluding a two-year succession ...

Smith joins Stephens Real Estate’s IM office

IRON MOUNTAIN — Frank Smith IV has joined Stephens Real Estate as an agent in its Iron Mountain office. A lifelong Upper Peninsula resident, Smith earned a bachelor’s degree in criminal justice from Michigan State University before graduating from the Michigan State Police 125th Training ...

Stocks recover losses and oil prices ease in financial markets

NEW YORK (AP) — Stocks rose, and oil prices eased Thursday as financial markets calmed in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 climbed 0.8% and more than recovered its loss from the day ...