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

  • Small Business, Entrepreneurs and Women in Business
  • Student run coffee shop, "The Grind"
  • Automated Brewing
  • Creating a Business the "Crafty" Way

Latest Articles in Economy

Dollar Rising, May Seasonality in Play
Daily FX Market Roundup 05.4.16 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management On Monday, we presented our readers with a table illustrating the seasonal performance of the U.S. dollar  in the month of May.  According to the data (shown again below), May tends to be a very good month

Drain No More: Fed Funds R.I.P
Following the Great War, indoor plumbing became without a doubt a Godsend for much of the world. However, few innovative leaps, including even the wonders of indoor plumbing, have ever been entirely free of at least a few drawbacks. Think of electricity and its dependence on any number of variables from lightbulbs to

Global Growth Worries & Weak Jobs Data Likely to Impact
The negative momentum from the last few sessions is expected to remain in place at the open today, with the reemergence of global growth worries raising doubts about the sustainability of the market's rebound from the February lows. Pre

To correctly predict the Fed’s policy path, watch this
The Federal Reserve (Fed) left policy unchanged last week, continuing a "wait and see" approach appropriate for today's global economic, financial and inflationary conditions . So, with the Fed on the right track for now, you may be

Global Markets: Greenback Firmer, But Has It Turned?
There is one question many investors are asking after noting that with Cruz dropping out of the Republican primary, Trump has secured the nomination, and that is whether the dollar has turned. The greenback has extended yesterday's reversal higher. The euro had briefly poked through $1.16 and closed on its lows

Oil Crash Sends CAD, AUD, NZD Lower
The big story today for the foreign exchange market is the sharp decline in commodity currencies.  The Australian dollar led the move but the Canadian dollar was the main focus during the North American session.  Oil prices dropped over 2%, leading to the strongest one-day rise in USD/CAD since March.   The sharp

Are The Miners On The Verge Of A Correction Or About To Go Parabolic?
By Avi Gilburt, I never suggest trading on emotion, yet the “fears” I expressed last week may be developing as the reality on the ground. With the continued strength this past week seen in the miners, one has to question whether the more immediately bullish “green count” is what is in play,

FX: Reserve Bank of Australia's Surprise Rate Cuts
Market Drivers May 3, 2016 AU RBA Cuts to 1.75% UK PMI Manufacturing lowest in 3 years Nikkei closed Dax -1.51% Oil $44/bbl Gold $1299/oz. Europe and Asia : AUD RBA cuts by 25bp GBP UK PMI 49.2 vs. 51.2 EUR PPI 0.3% vs. 0.0% North America : No Data The Reserve Bank of Australia surprised the currency market

FX: Dollar Continues to Push Lower
The US dollar's downtrend is extending.   The euro traded above $1.16 for the first time since last August. With Japanese markets closed for the second half of the Golden Week holidays, perhaps participants felt less hampered by the risk of intervention and pushed the dollar to almost JPY105.50.  Despite an

Can Japanese stocks rise again?
This week's chart shows how Japanese companies' inflation expectations have been steadily declining in recent quarters, amid an appreciating yen. Bank of Japan (BoJ) stimulus efforts this year including an expanded quantitative easing (QE) program and a shift