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

  • Human Resources, Hiring, and Training
  • Training Provided through Bay College's M-Tech Center
  • The Challenges and Rewards of Recruiting Quality Profesionals
  • Advice on handling employee performance reviews

Latest Articles in Economy

Brexit Fallout: Not a Time To Pick Bottoms In FX
Daily FX Market Roundup 06.27.16 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management Tempting as it may be now is not the time to pick bottoms in currencies and this is true for sterling, euro and even USD/JPY.    The fallout from Britain's decision to leave the European Union continues as

Brexit: A Bad Outcome For Anyone Is A Bad Outcome For Everyone
Over the past two trading days, we're seeing the "risk-off" flow of global capital that we saw through the early stages of the global financial crisis. For a long time, Wall Street sold us on the idea of sector and geographic diversification for stocks.  That abruptly ended in 2008-2009.  It was clear that in a

Brexit Impact Continues
Futures are all down this morning following a bloody Friday in the markets. The Brexit bombshell that surprised investors late last week will continue to unfold on a massive scale, and we are seeing most metrics down again this

Brexit Volatility May Provide an Opportunity to Agile Investors
Nothing is certain in financial markets, but a prediction of volatility this week is about as close as it gets. The aftershocks of the Brexit decision will continue to be felt, and if we use the real definition of “volatility,” i.e. violent movement in either direction, then volatility over the next few days is a

OPEC's Pain Is Only Getting Worse As Revenues Continue To Fall
OPEC lost $349 billion in revenue last year because of low oil prices, cutting revenues almost in half from the year before. A report from the EIA in mid-June estimated 2015 revenues for OPEC countries at $404 billion, down 46 percent from the $753 billion the member countries earned in 2014. Revenues last year

Why the Fed’s job is all the more complicated
The Fed revealed in its latest statement that it will take a more dovish approach to normalizing its federal funds rate , but still left the door open to some degree that an increase could happen later this

Brexit: A U.S. Investor's Guide
London, England. Shutterstock photo We all know by now that Britain voted to leave the E.U.: the so-called Brexit is underway. Unfortunately, it isn’t that simple as far as investors are concerned. What matters now is what happens next. What are the broader implications of the decision and what moves can be

It's All About Brexit
Great Britain has shocked the global markets by voting to exit the European Union, by a vote of 51.8% to 48.2%. As a direct result, Prime Minister David Cameron has stepped down from his post, remarking the country needs

Growth, Logic and the Federal Reserve
This week Federal Reserve Chair Janet Yellen made her semi-annual pilgrimage to the US Congress to report on monetary policy and the state of the economy. The Chair said the economic outlook was uncertain but "t he recent pickup in household spending, together with underlying conditions that are favorable for

Brexit Sends Shock Waves Through Global Capital Markets
The UK's decision to leave the EU spurred a dramatic risk-off move through the capital markets.   The dollar, yen, and gold soared.  Equities and emerging market assets sold off hard. Core bond yields fell sharply.   The main gist of the dramatic price action is to reduce risk.   The dollar and yen are the main