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Business

Ribbon-cutting for expansion at Grayson & Co. Jewelers

IRON MOUNTAIN — The Dickinson Area Chamber of Commerce had a ribbon-cutting ceremony for Grayson & Co. Jewelers to mark the store's recent showroom expansion. Catie Schultz opened Grayson & Co. Jewelers in July 2012 after more than a decade working at Michael’s Fine Jewelry in ...

Michigan to see increase in minimum wage

LANSING — On Jan. 1, Michigan's minimum wage rate will increase from $12.48 to $13.73 per hour as set by Michigan's Improved Workforce Opportunity Wage Act, which establishes the annual schedule of increases. According to the Michigan Department of Labor and Economic Opportunity, effective ...

Wall Street rises after an encouraging inflation update

NEW YORK (AP) — U.S. stocks rose on Thursday following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides, at least for now. The S&P ...

US jobless rate is highest since 2021

WASHINGTON (AP) — The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6% last month, highest since 2021. The ...

Drops for AI stocks drag Wall Street lower

NEW YORK (AP) — More drops for AI stocks dragged the U.S. market lower Wednesday, and Wall Street sank to its fourth straight loss. The S&P 500 fell 1.2% for its worst day in nearly a month, though it's still not far from its all-time high set last week. The Dow Jones Industrial Average ...