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Stocks slide after early rise

Wall Street's losses deepened Friday as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy. The S&P 500 fell 0.6% after having been up as much as 0.9% in the early going. The benchmark index is now down 3.1% ...

Menco relocating to Menominee County, expanding operations

LANSING, Mich. — Menco LLC is relocating its machining facility from Wisconsin to Mellen Township in Menominee County, the governor's office announced Wednesday. The company’s relocation will generate more than $1.2 million in capital investment and create 13 new jobs with starting wages of $21 per hour plus benefits, above the regional median wage, Gov. Gretchen Whitmer's office stated in a news release. “Michigan is on the move and open for business, competing for and winning big projects in next-generation industries,” Whitmer said in the release, adding, “Let’s keep ...

Oil jumps to $100 per barrel and stocks sink

NEW YORK (AP) — With no clear end in sight, the war with Iran sent oil prices back to $100 per barrel on Thursday, and stocks sank worldwide. The S&P 500 fell 1.5% and resumed its sharp swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 739 points, ...

Mortgage rate rises to 6.11%, where it was five weeks ago

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war with Iran. The benchmark 30-year fixed rate mortgage rate ticked up to 6.11% from 6% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged ...