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

  • Agriculture and Mining in the U.P.
  • How the recent rainy weather is affecting our local crops
  • Keeping your livestock healty and safe in extreme weather
  • Guidelines for raising freerange chickens
  • Environment vs. Economics with Eagle Mine
  • Progress of The Back Forty Projecttâ€

Latest Articles in Economy

XIV Starting To Crack And The VIX Ends Its Streak
By Mike Golembesky, ElliottWaveTrader.net Recent Price Action This week the XIV continued to grind higher finally reaching a high of 96.98 on Wednesday afternoon. This high was followed by a very small move to the downside late in the day on Wednesday. Thursday morning saw a slight recovery but by the noon

Never Again: Big Oil Is Back And Practicing Caution
Royal Dutch Shell posted much better-than-expected earnings for the second quarter, a sign that the oil majors are adapting to a low oil price environment. Net profit jumped to $3.6 billion, more than triple the earnings for the same quarter in 2016. Some analysts saw a lot to like in Shell’s financials. “They

Dollar and Equities Closing Week on Heavy Note
The US dollar is mostly lower, though one of the features of recent days has been the dramatic slide of the Swiss franc, and that is continuing today.   The franc is off another 0.5% today, to bring its weekly loss to a sharp 2.5%. The euro finished last week near CHF1.1030 and is now near CHF1.1370; its highest

Even With Low Mortgage Rates, Homes Are Not Affordable
This past week we were treated to slowing existing home sales data with the authors saying " Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that's straining their budget".  Yes, homes for sale

Q2 Earnings and Economic Data In Focus
Each Thursday morning we see new results from Initial Jobless Claims and today is no exception A total of 244K claims were made in the past week 10K more than the previous revised week of 234K claims on 1 964 continuing claims both on the high side of what we ve seen over the past

Is The Dollar Selloff Overdone?
Market Drivers July 27, 2017 Profit taking in Asia sees USD bounce CNY Industrial Profits up 19% Nikkei 0.15% Dax -0.56% Oil $48/bbl Gold $1262/oz. Europe and Asia: No data North America: USD Durable Goods 08:30 USD Weekly Jobless 08:30 It's been an extraordinarily volatile night of trade as the currency

Dollar Remains On The Defensive
The US dollar is narrowly mixed after selling off following the FOMC statement.   Sometimes the narrative explains the price action, and sometimes the price action explains the narrative.  This seems to be the case of the latter.  The dollar and interest rates fell,and so the Fed was dovish.   First, let's turn

JOBS Act Bears Fruit This Summer
The mid-July filing for an initial public offering by Chicken Soup For The Soul Entertainment comes on the heels of three so-called Reg A+ offerings in June.  The first such offerings happened a month earlier when ADOMANI and Myomo completed offerings on June 9.  ShiftPixy went public shortly thereafter on June 29.

Q2 Earnings From Boeing And Coca Cola
After the closing bell this afternoon we look forward to Q2 earnings results from social media giant Facebook 160 FB the Zacks Rank 2 Buy stock is expected to bring in 1 13 per share on revenues of 9 17 billion both of which represent more that 42 growth year over year Facebook

Quiet Fed Day without Yellen
By definition, the Federal Reserve Open Market Committee meeting is the highlight of the day.   Without a press conference, and following last month's rate hike, there is practically no chance of a new policy initiative either on the balance sheet or the Fed funds target. Market participants will be most