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Business

Biden awards $1.7B for electric vehicles

WASHINGTON (AP) — The Biden administration is awarding nearly $2 billion in grants to General Motors, Stellantis and other carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight states, including the presidential battlegrounds of Michigan, Pennsylvania ...

Wall Street’s record rally keeps rolling

NEW YORK (AP) — Wall Street's blistering rally stretched into a seventh day Wednesday and vaulted the U.S. stock market to more all-time highs. The S&P 500 jumped 1% and topped the 5,600 level for the first time. The Nasdaq composite also rallied to a seventh straight gain and added 1.2% ...

US employers added 206,000 jobs in June, a sign of continued strength

WASHINGTON (AP) — America's employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy's ability to withstand high interest rates. Last month's job growth did mark a pullback from 218,000 in May. But it was still a solid gain, ...

Norway DDA receives side-by-side for watering from Toro Foundation

NORWAY — Thanks to a donation of a Toro Workman UTX side-by-side from the Toro Company Foundation, Debbie Hood no longer has to get by with a hand-me-down golf cart as she waters flowers for the Norway Downtown Development Authority. Nearly every day for past three summers, Hood travels ...

Average 30-year mortgage rate climbs for the first time since late in May

LOS ANGELES (AP) — The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.81%. The uptick ...