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US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed

WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump's trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates. First-quarter growth was weighed down by a surge of imports as U.S. companies, and households, rushed to buy foreign goods before Trump could impose tariffs on them. The Commerce Department previously estimated that the economy fell 0.2% in the first quarter. Economists had forecast no change in the department's third and final estimate. The ...

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 new to grant writing as well as those looking to refine skills. Participants can become eligible for the Small Business Support Hub Grant, plus network and gather resources. Lunch will be provided. For more information or to register, go online to ...