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Business

Key inflation gauge worsens as income, spending power erodes

WASHINGTON (AP) — A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away. Inflation jumped to 3.8% in April ...

More Wall Street records on rising profits for US companies

NEW YORK (AP) — The U.S. stock market pushed to more records Thursday as profits keep piling up for companies like Dollar Tree, Snowflake and Hormel Foods. A tentative deal to extend the ceasefire in the war with Iran by 60 days also helped lift the market and rein in oil prices. The ...

Mortgage rate climbs to 6.53%, highest in 9 months

The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another setback for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate rose to 6.53% from 6.51% last week, mortgage buyer Freddie Mac said Thursday. Despite the latest ...

Stephens Real Estate’s Watters of IR office earns Wisconsin license

IRON RIVER — Gary Watters, a realtor with Stephens Real Estate’s Iron River office, has earned his Wisconsin real estate license. Already licensed in Michigan, Watters can now more effectively assist clients with buying and selling property in both states, according to a news release by ...