Initial Unemployment Assistance Claims Drop By 7,000
In the wake of the announcement of another interest rate hike from the Federal Reserve – the 11th in the last 18 months as the Fed tries to rein in inflation – first-time claims...
U.S. Economy Grew At a 2.4% Growth Rate in April-June Quarter
The U.S. economy grew at a 2.4% annual growth rate from April through June, picking up from the 2% growth rate in the January-March quarter, according to information released by the Commerce Department Thursday.
Last...
Fed Ends Pause, Raises Interest Rates
After a one-time pause last month, the Federal Reserve on Wednesday announced it was raising interest rates by a quarter-point.
CEO: Businesses should Strive for Success, Significance
Ron Daugherty, CEO of Daugherty Business Solutions, says companies should strive for success, significance.
Ceremony Honors Chicago’s Best, Brightest Companies To Work For
Corp! Magazine recognized more than 120 businesses as the Chicago area's Best and Brightest Companies To Work For.
UPS Reaches Deal with Teamsters to Avoid Strike
UPS and the Teamsters have reached a tentative agreement on a new five-year contract that averts a potential strike.
American Posts $1.3 Billion Second Quarter
FORT WORTH, Texas — American Airlines Group Inc. reported its second-quarter 2023 financial results, including:
Record quarterly revenue of $14.1 billion, a 4.7% increase year over year.
Second-quarter net income of $1.3 billion, or $1.88 per...
Inflation Curbing, But Fed Rate Hike Still Possible
The Consumer Price Index rose by 0.2% in June and was up 3.0% from a year ago.
Core CPI, which excludes volatile energy and food categories, was also up 0.2% in the month and...
Claims for Unemployment Assistance Fall Again
For several weeks in the late spring, requests for unemploymeny assistance appeared to be climbing.
Now, they’re dropping.
Fewer Americans applied for unemployment benefits last week as the job market continues to hum despite the Federal...
With Inflation Easing, Americans’ Spending Rises Modestly
If fears of still-high inflation and a looming recession are still present, someone may have forgotten to tell American consumers.
According to data reported by the Commerce Department, spending among Americans was up slightly last...
Kelly Announces Strategic Restructuring Actions to Accelerate Profitable Growth
Talent solutions consultant Kelly announced strategic restructuring actions officials said will "further optimize the company’s operating model."
Whitmer Signs Bills Supporting Plan to Invest in Places Around Michigan
The legislation is designed to power economic development in communities across Michigan by “unlocking new tools,” according to Gov. Gretchen Whitmer.
Matrix’s ‘313 in the D’ Tops $80,000 Fundraising Goal
After last week's 313 in the D event, Matrix Human Services has now raised more than $650,000 in 10 years with its primary fundraiser.
STEP Fundraising Campaign Aims at New Detroit PASC Studio
STEP's Progressive Art Studio Collective program will take advantage of an MEDC matching grant if it can raise $50,000 for its new studio in Detroit.
Howies Hockey Tape Expands in Gaines Charter Township
GRAND RAPIDS, Mich. — The Right Place, Inc., in collaboration with the Michigan Economic Development Corporation (MEDC), announced that sporting goods brand Howies Hockey Tape will be expanding, moving out of its warehousing and...
Right Place, Montcalm Economic Alliance Assist Mersen USA with Greenville Expansion
GREENVILLE, Mich. — The Right Place, Inc., in collaboration with the Montcalm Economic Alliance and Michigan Economic Development Corporation (MEDC), announced that graphite machining, molding and manufacturer Mersen USA will be expanding their facilities...
U.S. Inflation Hits Lowest Mark Since Early 2021
Federal Reserve officials have said the target rate in their fight against inflation is 2%.
Judging by numbers released by the government this week, that mark is getting closer.
Those statistics showed the inflation rate hitting...
Small Business Outlook Rises on Debt Ceiling Deal and Cooling Inflation
The National Federation of Independent Business’s Small Business Optimism Index rose to 91.0 in June from 89.4 in May, matching Comerica’s forecast and above the 89.9 consensus forecast.
The recovery follows Washington reaching a...
Unemployment Applications Fall Again
If a string of 10 consecutive Federal Reserve interest rate increases was designed to slow the job market down to fight inflation, it may not be working.
The number of Americans applying for unemployment assistance...
Amazon: ’23 Event Was Biggest Prime Day Ever
Amazon didn’t say how much money the company earned from its annual Prime day event earlier this week.
But company officials did call it its “biggest” Prime day event ever.
The took place on Tuesday and...
