Trade Deficit Widens in Goods, Exports Up 4.2%: Experts
Slower accumulation of inventories and a wider trade deficit will drag on growth in early 2023. Inventory accumulation and a narrower trade deficit contributed roughly two-thirds of the 2.7% annualized real GDP growth recorded...
Stellantis Boosting Percentage of Women in Leadership Roles
AMSTERDAM – Stellantis adopted the United Nations Women’s Empowerment Principles, signifying a global commitment to gender equality. With a diverse talent base representing more than 160 nationalities, Stellantis joins approximately 7,000 signatories dedicated to fulfilling...
Study: U.S. Retail Sales Up 6.9% Year-Over-Year in February
PURCHASE, N.Y. — According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive were up 6.9% year-over-year in February. Mastercard SpendingPulse reflects nominal spending and...
GM’s Safe Deployment of Hands-Free Technology Shapes Ultra Cruise
DETROIT – General Motors announced today that Ultra Cruise1, the company’s next-generation advanced driver assistance system2 designed to ultimately enable hands-free driving in 95 percent of all driving scenarios, will have a 360-degree view of the...
House Bills Would Repeal Right-to-Work, Restore Prevailing Wage Law
Michigan House Democrats passed legislation Wednesday that would repeal the state's right-to-work law and restore prevailing wage laws.
Whitmer Signs Tax Cut Plan Into Law
Gov. Gretchen Whitmer on Tuesday signed the Lowering MI Costs plan into law, cutting pension taxes and increasing the Working Families Tax Credit.
Coalition Launches to Expand Support for Entrepreneurs, Small Businesses
The New Economy Initiative and the Michigan Municipal League have partnered to launch an effort to help small businesses and entrepreneurs.
Lawmaker Wants Different Property Tax Assessment on Big Box Stores
New legislation being proposed by a Michigan lawmaker would change the way the state would calculate tax obligations for big box stores.
LAFCU Wins 4 National Awards in SIAA Competition
LANSING, Mich. — LAFCU has won four national awards in the 20th annual Service Industry Advertising Awards (SIAA) competition, with three entries receiving top honors in their respective categories.
A public relations campaign promoting the...
Olga’s Kitchen Announces Grant Opportunities for Women Entrepreneurs
LIVONIA, Mich. — Olga’s Kitchen, owned and operated by Livonia-based TEAM Schostak Family Restaurants announced the opening of grant applications for women entrepreneurs building businesses in Michigan through the Olga Loizon Memorial Foundation.
The Olga Loizon...
General Motors Cutting 500 Jobs as EV Push Continues
Last month, General Motors CEO Mary Barra said the automaker was “not planning” layoffs.
A month later, the company is playing out a different tune.
The Detroit automaker is cutting about 500 executive-level and salaried jobs,...
Unemployment Claims Dropped for Third Straight Week
Officials at the Federal Reserve might not like the fact the number of peope filing unemployment requests keeps falling, but the U.S. economy probably does.
For the third straight week, the number of U.S. workers...
USPS Moves Forward with Awards to Modernize, Electrify Nation’s Largest Federal Fleet
WASHINGTON — The United States Postal Service awarded contracts today for 9,250 commercially available left-hand drive (LHD) battery electric vehicles (BEVs) as well as initial orders for more than 14,000 charging stations to be...
Delta Pilots Get 30% Pay Hike in New Deal
Pilots at Delta Air Lines – and possibly at other airlines in the U.S. – are in for a pretty hefty raise.
Fliers at Delta approved a new contract set to raise their salaries by...
Lilly Slashing Insulin Prices, Caps Patient Out-of-Pocket Costs at $35 Per Month
INDIANAPOLIS (PRNewswire) – Eli Lilly announced this week price reductions of 70% for its most commonly prescribed insulins and an expansion of its Insulin Value Program that caps patient out-of-pocket costs at $35 or less per month.
Officials...
Summit Honors Nation’s Top 101 Best and Brightest Companies to Work For
The Best and Brightest Program used its virtual summit to honor the Top 101 Best and Brightest Companies to Work For.
Economists Expect Fed to Raise Rates a Quarter-Point
Some economists predict the Federal Reserve will increase interest rates by a quarter-point at each of the next decision points.
White House Pushes Aggressive Cybersecurity Strategy
The White House is pushing a cybersecurity strategy that includes more aggressive regulatory approach.
Michigan Senate Sends $1 Billion Tax Relief Plan to Whitmer
The Michigan Senate sent a tax relief plan Democrats say is worth $1 billion to Gov. Gretchen Whitmer, but without $180 rebate checks she wanted for residents.
Pistons Position Allows Detroit Native to Give Back to Her Hometown
Detroit native making the most of her career with a position on the leadership team of the Detroit Pistons.
