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Business

Crandall named First Bank’s regional VP

IRON MOUNTAIN/KINGSFORD — First Bank has promoted Debra Crandall to regional vice president for Upper Michigan. With more than 30 years of banking experience and 11 years as a member of the First Bank team, Crandall brings a wealth of expertise and a proven track record in lending, team ...

Aspirus Iron River Hospital upgrades its CT capabilities

IRON RIVER – Aspirus Iron River Hospital has upgraded its medical imaging department with the installation of a new computed tomography unit, enhancing its diagnostic capabilities. CT is an advanced X-ray imaging procedure that produces detailed 3D images, offering greater clarity than ...

SpaceX stock soars, makes Musk the first trillionaire

NEW YORK (AP) — Elon Musk became the world's first trillionaire after shares of his rocket company SpaceX soared in Wall Street's biggest initial public offering of stock. Shares in SpaceX jumped more than 19% after opening for trading Friday, a sign that investors are looking past the ...

Stocks have best day in months on hopes for oil transit deal

NEW YORK (AP) — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped ...

May producer prices in US have largest yearly jump since 2022

WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers ...