Find more about Weather in Escanaba, MI
Click for weather forecast

Welcome to Upper Peninsula Business Today

Current issue

Current Issue

Click to view the current issue.

In This Issue

  • Financial planning and tax laws for business
  • Changes proposed in Delta County Zoning
  • Comparing Traditional IRA and Roth IRA
  • Make the most of your tax refund

Latest Articles in Economy

Why Are Treasury Yields Falling As Stocks Are Climbing And The Fed Is Raising Rates?
Over the last couple of months, there has been a noticeable disconnect between what conventional wisdom says should be the relationship between stocks and bonds and what is actually occurring in those markets. According to the book, those two markets move in opposite directions. Stock market strength should be

Gasoline Glut Remains The Biggest Red Flag For Oil Markets
In a sign that the gasoline glut is not going away, U.S. refiners are succumbing to poor market conditions, reluctantly moving to cut back on production as they drown in oversupply. The gasoline glut is the worst in nearly three decades , with stocks rising to their highest level since data collection began in

Market Anxiety? What Anxiety?
The US dollar is finishing the week on a mixed note in choppy activity in narrow ranges.   It is an apt way to finish this week, which has been largely directionless as investors wait for fresh incentives, and are especially looking toward Trump's speech to a joint session of Congress next week.   It is hard to

FX: Dollar Wobbles Into End Of Week
Market Drivers February 24, 2017 RBA's Lowe - hard to say AUD is overvalued USD/JPY drop below 112.50 Nikkei -0.45% Dax -0.33% Oil $54/bbl Gold $1256/oz. Europe and Asia: GBP BBA Mortgage Approvals 44.7K vs. 41.9K North America CAD CPI 8:30 USD New Home Sales 10:00 The dollar dribbled lower in end of week

Up-ending the Fed: The Administration Redemption
“Remember Red, hope is a good thing, maybe the best of things, and no good thing ever dies.”  Wiser words were never spoken on the big screen than those of T he Shawshank Redemption ’s main character Andy Dufrense. We are none of us beyond redemption, so we are taught by this banker from Maine, even when we are

Dow On Roll
The Dow keeps on rolling now for nine straight days worth of gains Lately we d seen pre market activity try to pump the brakes a bit opening normal trading days slightly to the negative or right around break even But the animal spirits would eventually return again continually

Record Gasoline Glut Is Causing Problems On The East Coast
The U.S. East Coast traditionally relies on imports from east Canada and Europe to fill in its gasoline demand. However, these days the gasoline glut in the New York area is so big that traders are scheduling exports of gasoline from the New York Harbor to West Africa and Europe. Shippers plan to export at least two

The Big Picture Market Perspectives 2/22/17
We had new record highs again in the Dow today.  But remember, yesterday we talked about this dynamic where stocks, commodities and the dollar were strong. But a missing piece in the growing optimism about growth has been yields.   Clearly the 10 year at 2.40ish is far different than the pre-election levels of

Modest Pull Back in Pre-Market Futures
Historic highs in the main U S market indexes have led to a very modest pullback in pre market futures this Wednesday The Dow Jones climbed past 20 000 with some resistance initially and has now blossomed past 20 700 more than three times higher than the lows experienced just 8 years ago

This Is Where Oil Majors Expects The Next Big Efficiency Jump
The race for using high-performance computing in oil and gas reservoir simulation, management and development is on. Oil and gas supermajors are continuously pushing for higher efficiency and lower costs, all the more so since the oil price crash in 2014 caused them to cut exploration and production investments. The