Feds Approve Capital One Acquisition of Discover
MCLEAN, Va., and RIVERWOODS, Ill. – Capital One Financial Corporation and Discover Financial Services announced that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency...
Defensive Positioning Pays Off As Policy Upheaval Roils Markets
The economy kicked off 2025 on the wrong foot, with early indicators pointing to an ugly GDP report for the first quarter when the advance estimate is published April 30.
A lot of the...
Uber, Volkswagen Partner on Autonomous ID. Buzz Vans
BELMONT, Calif. & SAN FRANCISCO (Business Wire) – Volkswagen Group of America Inc.’s autonomous mobility subsidiary Volkswagen ADMT, LLC, and Uber Technologies, Inc. announced a strategic partnership to deploy a fleet of thousands of all-electric,...
Chipotle Announces First Expansion to Mexico
NEWPORT BEACH, Calif. (PRNewswire) – Chipotle Mexican Grill announced it has signed a development agreement to open restaurants in Mexico for the first time. In partnership with Alsea, S.A.B. de C.V., a leading restaurant operator in Latin...
Metro Detroit Composer Dan Yessian Hosts Fundraising Multimedia Event
FARMINGTON HILLS – Metro Detroit composer Dan Yessian, in partnership with the Children of Armenia Fund, will present Armenian Trilogy: Expressions of Love, Hope, and Faith, a live multimedia fundraising event on May 14...
Auto Industry Groups Pen Letter Seeking Tariff Relief
Some of the biggest auto industry trade groups signed onto a letter asking the Trump administration for relief from tariffs on auto parts.
Companies Casting a Wider Net in Search for Talent
It's not as much about degrees as it is skill as companies search for talent.
Many Businesses Withholding Spending Decisions To See Impact of Tariffs
Most businesses are taking a 'wait and see' attitude on the effects of impending tariffs before charting a financial course.
The Silent Crisis: How Federal Cuts Threaten Michigan’s Small Businesses
For years, politicians have called small businesses the “backbone of our economy.” They show up for ribbon cuttings, pose for photos, and use us as props in their speeches. But when it comes to...
Fed Keeping an Eye on Inflation Amid Tariff Hikes
Federal Reserve Chair Jerome Powell told the Economic Club of Chicago that the central bank has to keep in mind the effect sweeping tariffs being imposed by President Donald Trump don’t ignite an inflation...
Retail Sales Rose 1.4% in March
U.S. shoppers, perhaps trying to load up on big-ticket items before the effects of President Donald Trump’s new tariffs kick in, stepped up their shopping last month.
But, according to a report from The Associated...
U.S. Factory Output Shows Modest Gains
A month ahead of the April 2 “Liberation Day” tariff announcement from President Donald Trump. Production at American factories was up.
According to the Federal Reserve, U.S. factory output rose 0.3%, an increase that follows...
Fewer Workers File First-Time Unemployment Claims
The number of American workers filing initial unemployment claims took another tumble last week.
Jobless claim applications fell to 215,000 for the week ending April 12, according to statistics released by the Labor Department said...
Auto, Retail Sales Jumped; Other Markers Likely Weaker
Retail sales likely rebounded in March after a poor start to 2025. Auto sales jumped in the month as consumers rushed to get new vehicles before tariffs pushed prices higher.
Sales in other categories likely...
Whitmer Speech Focuses on Tariffs, Roads
Gov. Gretchen Whitmer talked about road conditions and called for more certainty in U.S. economic policy in a speech to the Detroit Economic Club.
Trump Ponders Tariff Break for Automakers
President Donald Trump said Monday he's considering a temporary exemption on his tariff policy for carmakers transitioning production to the U.S.
DQS Solutions & Staffing Acquires McLaren Transport
DQS Solutions & Staffing, a Michigan-based provider of workforce and operational solutions, is pleased to announce the acquisition of McLaren Transport LLC, a Detroit-headquartered logistics company renowned for its reliable freight and warehousing services.
This...
Plante Moran Realpoint Investment Advisors Welcomes Back Zach Brown and Matt Rust
Plante Moran Realpoint Investment Advisors announced the return of Zach Brown and Matt Rust to the firm as senior vice presidents. Both former Plante Moran staff, Brown and Rust bring a wealth of experience...
Inflation Falls Amid Up-Down Nature of Tariffs
President Donald Trump’s on-again-off-again implementation of tariffs on most goods coming into the U.S. doesn’t seem to be having an effect on the inflation rate – yet.
With the cost of gas, airlane fare and...
Fed Leaning Toward No Rate Cuts Amid Tariff Turmoil
It doesn’t appear as though Federal Reserve officials are going to lower interest rates any time soon.
The Fed is expected to put off any rate cuts in the face of economic uncertainty surrounding President...
