Average long-term US mortgage rates edge down, still over 5%
WASHINGTON (AP) — Average long-term U.S. mortgage rates edged down slightly this week, though interest rates on the key 30-year home loan remain elevated. Mortgage…
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Stellantis, Controlled Thermal in lithium hydroxide deal
Automaker Stellantis has reached a deal to have Controlled Thermal Resources Ltd. supply battery-grade lithium hydroxide for its electric vehicles in North America. CTR will…
Red-hot summer job market awaits US teens as employers sweat
WASHINGTON (AP) — Mary Jane Riva, CEO of the Pizza Factory, has a cautionary message for her customers this summer: Prepare to wait longer for…
Fewer Americans apply for unemployment benefits last week
WASHINGTON (AP) — Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment at historically low levels. Applications for unemployment…
OPEC+ alliance boosts oil production as energy prices soar
LONDON (AP) — The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August,…
Lands’ End: Fiscal Q1 earnings snapshot
DODGEVILLE, Wis. — Lands’ End Inc. today reported a fiscal first-quarter loss of $2.4 million, after reporting a profit in the same period a year…
Hormel: Fiscal Q2 earnings snapshot
AUSTIN, Minn. — Hormel Foods Corp. today reported fiscal second-quarter profit of $261.6 million. The company said it had net income of 48 cents per…
China demands US stop trade talks with Taiwan
BEIJING — China’s government today accused Washington of jeopardizing peace after U.S. envoys began trade talks with Taiwan aimed at deepening relations with the self-ruled…
Backpocket Brewing to emulate Dubuque taproom in new location in Johnston
Dubuque’s Backpocket Brewing will open a new taproom this fall in Johnston, Iowa, featuring beers brewed at the original Coralville, Iowa, brewery as well as…
EXPLAINER: Effects of EU Russia oil ban, Moscow’s response
THE HAGUE, Netherlands — The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to…