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Retail sales growth likely slowed in March as gasoline prices rose more slowly and new car and truck sales pulled back from February’s level. Core retail sales excluding gasoline stations and auto dealers likely grew moderately, matching their February pace. Industrial production likely rose modestly in March, as manufacturing activity...

The Federal Reserve’s March decision was as-expected, extending the pause on rate changes that followed their last hike in July 2023. The March decision was unanimous. The key phrase in the monetary policy statement was that the risks to the Fed “achieving its employment and inflation goals are moving into...

HUDSON, Ohio (Globe Newswire) — Joann Inc., the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and some pandemic-era hobbies. Joann announced it has entered into...

Federal Reserve officials were looking at potentially cutting interest rates soon if consumer prices started coming down. For now, that doesn’t seem to be the case. Consumer prices in the United States picked up last month, rising 0.4% from January to February, higher than the previous month’s figure of 0.3%, according...

The Internal Revenue Service announced tax relief for individuals and businesses in parts of Michigan affected by severe storms, tornadoes and flooding that began on Aug. 24, 2023. These taxpayers now have until June 17 to file various federal individual and business tax returns and make tax payments. The IRS is...

Fed Chair Jerome Powell said again Wednesday that the Federal Reserve will cut its key interest rate this year, though not right away. First, Powell said he wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target. Powell noted that inflation is slowing for both...

Apparently, the Federal Trade Commission thinks grocery prices are high enough as it is. The FTC is suing to block a proposed merger between grocery giants Kroger and Albertsons, claiming among other things that the $24.6 billion merger would cut out competition and lead to higher prices. The FTC filed an...

While consumer confidence has been up recently, the same can’t necessarily be said for small-business owners, if a survey from the messaging service Slack is any indication. The survey found that some 40% of small-business owners think 2024 will be a “make or break” year for them, and nearly a...

MCLEAN, Va. and RIVERWOODS, Ill. (PRNewswire) — Capital One Financial Corporation and Discover Financial Services  announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. The transaction brings together two companies with long-standing track records of delivering attractive and resilient financial...

Uber Technologies Inc. has reached the black ink. Uber announced it will buy back as much as $7 billion in shares, its first plan to return capital to shareholders after achieving operating profit and consistent positive free cash flow in 2023, Bloomberg reported earlier this week. In a statement, Chief Financial...

Though there is still some uncertainty, experts believe investors are in position to withstand any economic slowdown that may come.

Federal Reserve Chair Jerome Powell confirmed to a national television audience what economists have been predicting for awhile now: The Fed is still on track to cut interest rates at least three times this year. That’ll be a big switch from the last couple of years, when the Fed raised...

The Federal Reserve may start cutting interest rates some time this year. But not yet. The Fed left interest rates where they are following the latest FOMC meeting, seemingly indicating they aren’t sure the inflation rate, which has settled in around 3.4% the last couple of months, isn’t necessarily moving toward...

The first estimate of real GDP for the fourth quarter of 2023 will likely show growth moderated after a robust 4.9% annualized increase in the third quarter. For 2023 as a whole, real GDP likely rose 2.4%, much better than expected when the year started. The GDP price deflator,...

Experts say the nation's core inflation rate is expected to slow to its lowest rate in more than two years.

Inflation in the U.S has eased enough that the Federal Reserve announced Wednesday not only is it leaving interest rates where they are for now, that after 11 rate hikes since March 2022 they might actually start cutting them next year. The U.S. Labor Department said Wednesday its producer price...

The consumer price index rose 0.1% in November, slightly above the consensus forecast for zero inflation. From a year earlier, the CPI matched the consensus forecast to slow to 3.1% after 3.2% in October, and was near June 2023’s 3.0% increase, which was the slowest since early 2021. CPI...

Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc., a battery manufacturer headquartered in Orion Township, Mich. U.S. Komatsu planned to close the acquisition on Dec. 1, on the condition that all necessary procedures for the closing are completed....

Experts offer tax tips headed into the holiday season,

SANDUSKY, Ohio & ARLINGTON, Texas (Business Wire) — Cedar Fair and Six Flags Entertainment Corporation announced they have entered into a definitive merger agreement to combine in a merger of equals transaction. The combined company, worth more than $3.5 billion, will boast 27 amusement parks, 15 water parks and nine resort properties...