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Business

Average mortgage rate falls to lowest level in nearly a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie ...

Apple unveils iPhone 17 lineup

NEW YORK (AP) — Apple's iPhone 17 lineup is here. The tech giant on Tuesday unveiled four new models that mark the latest editions to its marquee product. That includes the introduction of the iPhone Air, which Apple says is its thinnest smartphone yet. And, as seen in years past, its newest ...

Postal traffic to US sank 80% after Trump administration ended exemption

Postal traffic into the United States plunged by more than 80% after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday. The Universal Postal Union says it has started rolling out new measures that can help postal operators ...

US hiring stalls — Labor Department

WASHINGTON (AP) — The American job market, a pillar of U.S. economic strength since the pandemic, is crumbling under the weight of President Donald Trump's erratic economic policies. Uncertain about where things are headed, companies have grown increasingly reluctant to hire, leaving ...

Harmony Hearth Bakery joins Dickinson chamber

IRON MOUNTAIN — The Dickinson Area Chamber of Commerce welcomed new member Harmony Hearth Bakery with a recent ribbon-cutting ceremony. Harmony Hearth Bakery is an artisan bakery specializing in sourdough breads and pastries—everything made completely from scratch, with no shortcuts. The ...

UP State Bank’s CEO picked for state award

ESCANABA – Upper Peninsula State Bank President and CEO David Williams has been chosen for the 2025 Best of Community Banking Award by the Community Bankers of Michigan. Williams will be recognized at the CBM Annual Convention and Expo on Sept. 10-12 in Traverse City. Doug Ouellette, ...