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Business

New business banker at Range Bank in Kingsford

KINGSFORD – Range Bank has added Matt Donovan as its newest business banker, based at the Kingsford office. Donovan joined Range Bank’s business banking team in 2025 and quickly became an integral part of the department, according to a Range Bank news release. “Everyone at Range Bank ...

Average mortgage rate ticks higher, holds near 3-year low

The average long-term U.S. mortgage rate edged up for the second week in a row, but remains just above its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate rose to 6.1% from 6.09% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate ...

Wall Street ends near where it began after sharp swings

NEW YORK (AP) — A day of dramatic swings on Wall Street, including Microsoft's worst drop in years and a sudden reversal for the price of gold, finished with only relatively modest moves Thursday. The S&P 500 slipped 0.1% after flirting with its record high in the morning and dropping ...

Starbucks plans hundreds of new stores across US

NEW YORK (AP) — Starbucks said Thursday that it plans to open hundreds of new stores across the U.S. and add seating capacity at thousands of existing locations, doubling down on a strategy of emphasizing the company's cafes as community hubs even as consumer demand for drive-thru coffee ...

Federal Reserve keeps interest rates unchanged

WASHINGTON (AP) — The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. Chair Jerome Powell said at a news conference that the economy's outlook "has clearly improved since ...