Data Shows Credit Card Debt at Record High as Fed Raises Rates
The consistent raises in its key interest rates from the Federal Reserve may not be having much of an effect on how people are spending their money.
According to a report from the Associated Press,...
Cadillac Launches Year-Long Celebration Commemorating 20 Years of V-Series Performance
As three Cadillac V-Series.R hybrid race cars prepare to start the IMSA WeatherTech SportsCar Championship and FIA World Endurance Championship races at Sebring this weekend, Cadillac is also kicking off a year-long celebration for...
In Wake of Another Fed Rate Hike, Unemployment Applications Fall
Despite yet another interest rate hike by the Federal Reserve, the Labor Department reported that U.S. applications for unemployment fell again last week.
Expert: Understanding the Stakeholder is Key to Communication
A connection coach says finding out what reaches a stakeholder can be the key to successful communication.
Amid Banking Turmoil, Fed Raises Interest Rates Another Quarter-Point
In the wake of two of the largest bank failures in U.S. history, the Federal Reserve announced Wednesday it's raising its key interest rate another quarter-point.
Blackford Capital Named M&A Dealmaker of the Year by ACG Detroit
Grand Rapids, MI, March 20, 2023 – Blackford Capital, a leading lower middle market private equity firm, today announced the company has been named “M&A Dealmaker of the Year” by the 8th Annual M&A...
GM, Stellantis Among Investors in Holographic Display Startup
MILTON KEYNES, UK — Envisics, pioneer and global leader in dynamic holographic technology announced receiving over $50 million as part of its Series C strategic funding round.
The round was led by Hyundai Mobis –...
Facebook Parent Meta Cutting Another 10,000 Jobs
For the second time in less than six months, Facebook parent company Meta is announcing a round of layoffs.
After cutting 11,000 jobs back in November, Meta has announced it will cut another 10,000 jobs...
Unemployment Claims Drop; Fed Considers Next Steps
After applications for unemployment assistance rose last week by more than they had in the last five months, requests for help dropped last week.
According to statistics released by the Labor Department, applications for unemployment...
U.S. Economy Exceeds Expectations, Adds 311,000 Jobs in February
Chair Powell’s semiannual testimony before Congress and labor market data releases dominated the economic calendar this week.Powell noted recent data had reversed the softening economic trends observed in the past few months, some of...
T-Mobile Acquiring Mint as Part of $1.35 Billion Deal
BELLEVUE, Wash. – T-Mobile US announced that it has entered into a definitive agreement to acquire Ka’ena Corporation and its subsidiaries and brands: Mint Mobile, a successful direct-to-consumer prepaid wireless brand in the U.S.;...
Bally Sports Parent Company Files for Chapter 11 Bankruptcy Protection
Diamond Sports Group, which owns 19 networks operating under the “Bally Sports” banner, filed for Chapter 11 bankruptcy protection this week.
Diamond, the largest owner of regional sports networks in the company, missed a $140...
State Senate OKs Bills Repealing Right-to-Work Law, Restore Prevailing Wage
Voting along party lines, the Michigan Senate Tuesday passed legislation that would repeal the state's right-to-work law and restore a prevailing wage.
Untapped Talent: The Business Case for Hiring Former Felons
Author and economist Jeff Korzenik says businesses may be missing an untapped market -- former felons -- in their search for talent.
Report: Michigan a Top State for Electric Vehicle, Battery Investments
A report from the Environmental Defense Fund shows Michigan is among the top states in the country for electric vehicle and battery investment.
Experienced Michigan Law, Consulting Firm Makes Charitable Impact Easy
HUNTINGTON WOODS, Mich. – With more than 75 years of combined experience to draw upon, Michigan-based PHILANTHROCOUNSEL, PLLC, is the firm nonprofit organizations, development consultants, financial advisors, other attorneys & individual philanthropists turn to...
Community Financial Credit Union Awards Nearly $800,000 to Michigan Organizations
PLYMOUTH, Michigan — Metro Detroit-based Community Financial Credit Union awarded nearly $800,000 in donations to 289 organizations across Michigan during 2022, including $80,000 toward tornado relief for the city of Gaylord, $45,000 in grants to...
Army Awards $24.25 Million through Defense Consortium for Development of Military Vehicle Technology
DETROIT ARSENAL, Mich. - The National Advanced Mobility Consortium (NAMC) asked their membership of defense contractors to provide solutions for the United States Army’s ask for three prototypes of each variant in the Common...
GM Offering Early Separation as Part of Cost-Cutting Moves
Trying to hit $2 billion in cost savings, General Motors is offering voluntary buyouts to most of its salaried workers, according to multiple reports Thursday.
The majority of the automaker’s salaried employees – GM employs...
Unemployment Applications Rise by Most in Five Months
The number of Americans seeking unemployment benefits jumped last week more than it had in five months.
Applications for jobless claims rose by 21,000 in the week ending March 4, according to statistics released Thursday...
