Business

We Energies customers to get electric bill credits

MILWAUKEE — We Energies electric customers will receive more than $32 million in automatic bill credits this fall, thanks to lower-than-expected fuel costs. A typical residential customer will receive a credit of about $13 to $14, depending on electricity use, according to a We Energies news release. Credits will be based on electricity used in October and will appear automatically on customers’ October or November bills, based on their billing cycle. Electric rates include an estimate of the fuel costs needed to generate electricity. When actual fuel costs are lower than the ...

Mortgage rate remains 7.4%, still at highest level since late 2023

Mortgage rates held steady this week, keeping the average long-term U.S. home loan rate at its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage was unchanged from last week at 7.40%, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was ...

Wall Street muscles higher despite more AI stocks swings

NEW YORK (AP) — U.S. stock indexes muscled higher Thursday, led by companies delivering bigger profits. They pulled closer to their records even as stocks in the artificial-intelligence industry kept swinging on worries about how much longer their boom will last. The S&P 500 rose 0.3% after erasing an early-morning loss and pulled closer to its all-time high set last week. The Dow Jones Industrial Average jumped 556 points, or 1.1%, while the Nasdaq composite added 0.1%. Marsh & McLennan helped lead the way and rallied 4.6% after the insurance and professional services firm that ...

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10-15 stocks

Inflation worsened last month to 3.7% as midterm elections near

WASHINGTON (AP) — U.S. inflation accelerated last month as gasoline and many other goods and services became more expensive, evidence that rising prices remain an economic challenge just a few weeks before midterm elections that have focused heavily on affordability. The consumer price ...