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Business

Stocks, bonds and the dollar drift after US credit downgrade

NEW YORK (AP) — After recovering from an initial jolt, U.S. stocks, bonds and the value of the U.S. dollar drifted through a quiet Monday following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 edged up by 0.1% after ...

Trump: Walmart should ‘eat’ the costs of tariffs rather than raise prices

WASHINGTON (AP) — President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs. As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for ...

Kaliyah’s Kloset joins chamber

IRON MOUNTAIN — Kaliyah’s Kloset in downtown Iron Mountain recently joined the Dickinson Area Chamber of Commerce, which hosted a ribbon-cutting ceremony at the business to celebrate. The boutique is proudly owned by Kaliyah Kincaid and her mother, Charmaine Goodlow, and was created from ...

Walmart warns of higher prices to come due to US trade war

NEW YORK (AP) — Walmart, which became the nation's largest retailer by making low prices a priority, has found itself in a place it's rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats. Executives at the $750 billion company told industry ...

US egg prices fall for the first time in months but stay near record highs

U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday. The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the U.S. Bureau of Labor ...