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Business

US stocks approach their all-time high as oil prices tumble

NEW YORK (AP) — U.S. stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude. The S&P 500 climbed 1.1%, following up on big gains for stocks across Europe and Asia, after President ...

Oil rises, stock futures slip

NEW YORK (AP) — The price of oil rose and U.S. stock futures fell as global markets react to the U.S. strike against nuclear targets in Iran. The price of Brent crude oil, the international standard, rose 2.6% to $79 a barrel. U.S. crude rose 2.6% to $75.76 a barrel. On Saturday, U.S. ...

Chamber welcomes Happel Drain Cleaning

IRON MOUNTAIN — Happel Drain Cleaning has joined the Dickinson Area Chamber of Commerce, which welcomed the business with a ribbon-cutting ceremony at the chamber office. Founded in February 2020 by Jeff Happel, Happel Drain Cleaning is a full-service company serving customers within a ...

Story earns 3rd in state massage competition

IRON MOUNTAIN — Codell Story, owner of Body Alchemy Bodyworks and Massage in downtown Iron Mountain, won third place overall in the Michigan Massage Championship at the AMC World Massage Festival that took place May 2-4 in Detroit. Competing against nearly 40 others masseuses, Story took ...

Small business grant writing workshop at Bay in IM

IRON MOUNTAIN — Erica Huss, Central Upper Peninsula Small Business Support Hub program manager, will lead a Grant Writing 101 session at 11:30 a.m. Wednesday in room 231 at Bay College Iron Mountain. This workshop will focus on how to fund a small business using grants and can benefit those ...

Federal Reserve leaves its key rate unchanged but sees two cuts this year

WASHINGTON (AP) — Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March. The Fed kept its key rate unchanged for the fourth straight meeting Wednesday, and said the ...