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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, ...

Trump wants quick OK from Supreme Court on tariffs

WASHINGTON (AP) — President Donald Trump is seeking a swift and definitive decision on tariffs from the Supreme Court that he helped shape, saying the country would be on "the brink of economic catastrophe" without the import taxes he has imposed on U.S. rivals and allies alike. The ...

30-year mortgage rate drops to 6.5%

The average rate on a 30-year U.S. mortgage fell again this week, extending a recent trend that should give prospective homebuyers more purchasing power. The long-term rate eased to 6.5% from 6.56% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged ...

Wall Street steadies as tech stocks rise

NEW YORK (AP) — Wall Street steadied on Wednesday after Alphabet and other technology stocks rallied. It also got some relief from easing pressure from the bond market, where the latest discouraging report on the U.S. job market bolstered expectations that the Federal Reserve will cut ...

Google avoids breakup in search monopoly case

SAN FRANCISCO (AP) — A federal judge on Tuesday ordered a major makeover of Google's search engine in a crackdown aimed at curbing the corrosive power of an illegal monopoly, but rebuffed the U.S. government's request to break up the company. The 226-page decision made by U.S. District ...

US stocks sink as 10-year Treasury yield climbs

NEW YORK (AP) — Wall Street sank on Tuesday as rising pressure from the bond market pulled U.S. stocks further from their records. The S&P 500 fell 0.7% for its worst day in a month after paring a loss that earlier reached 1.5%. The Dow Jones Industrial Average dropped 249 points, or 0.5%, ...