Unemployment Applications Rise, But Remain Historically Low
The Federal Reserve has increased its interest rates eight times in less than a year in an attempt to cool hiring and slow inflation.
If the weekly unemployment statistics are any indication, the strategy isn’t...
Fed Rate Hike, Robust Jobs Report Steal Economic Spotlight
In a week full of important economic events and data releases, the Federal Reserve’s interest rate decision and the January jobs report stole the spotlight.In line with Comerica’s and market expectations, the Federal Reserve’s...
Bed, Bath and Beyond Closing Another 150 Stores
New York — Bed Bath & Beyond announced on Tuesday it will be closing another 150 stores, including seven in Michigan, as the beleaguered home goods chain cuts costs as it works to stay afloat.
The announcement...
Disney Slashing 7,000 Jobs in ‘Strategic Restructuring’
BURBANK, Calif. — The Walt Disney Company announced details of its strategic restructuring that will refocus the organization on creativity, empower creative leaders and ensure they are accountable for all aspects of their businesses...
Report: Amid Stubbornly High Inflation, Consumers Turn to Credit Cards, Home Equity to Maintain...
CHICAGO (Globe Newswire) — Amidst an economic environment of rising interest rates and high inflation, the fourth quarter of 2022 saw consumers continuing to look to credit as a means to help stave off...
Whitmer: $79 Billion Budget Invests in Public Safety, Education, Lower Costs
Gov. Whitmer's $79 billion budget adds tax breaks, education funding and spending on public safety and infrastructure,.
Henry Ford Partners with Gores, MSU on $2.5 Billion New Center Development
Henry Ford Health, Tom Gores and Michigan State University are partnering on a $2.5 billion development in Detroit's New Center neighborhood.
Governor, Dem Leaders Roll Out Tax Relief Package
Gov. Gretchen Whitmer and Democrat leaders rolled out a tax relief package that eliminates retirement taxes, increases the EITC and sends $180 rebate checks to Michigan taxpayers.
Job Seekers Drawn to Companies With Strong DE&I Programs
Job seekers these days, particularly younger candidates, are looking for companies who are strong in the Diversity, Equity and Inclusion space.
FTC Looking at Ban on Noncompete Contracts
A policy expert from the nation's largest nurses union says a proposed FTC ban on noncompete contracts could improve wages of health care workers, patient care.
The Townsend Hotel Earns a Top U.S. News & World Report Listing
BIRMINGHAM, Mich. — The Townsend Hotel once again received recognition as one of the Best Hotels in Michigan by the annual U.S. News & World Report’s Best Travel Rankings – https://travel.usnews.com/hotels/michigan-r72
This year’s Best Hotels...
Local Small Business Establishes Annual Scholarship for LGBTQIA+ Students and Allies at GVSU
GRAND RAPIDS — Local integrated communications agency, 8THIRTYFOUR is making strides towards creating a more inclusive workforce by relieving financial burdens for LGBTQIA+ students and allies enrolled in Grand Valley State University’s School of...
U.S. Adds Better-Than-Expected 517,000 Jobs in January
Talk about exceeding expectations.
A Bloomberg survey of economists had the experts predicting the U.S. economy would add some 185,000 jobs in January.
Turns out when the Bureau of Labor Statistics released the numbers Friday morning,...
Ford Posts Net 2022 Loss of $2 Billion
A drop in value on a pair of big investments, high costs and supply chain problems that plagued the auto industry as a whole were contributing factors to a financial performance that left Ford...
Economists: Mixed Data Question Whether U.S. is Already in Recession
Last week’s data were mixed, with some looking quite good and others signaling the economy may already be in recession. The U.S. economy grew a strong 2.9% annualized in the fourth quarter, and growth...
Unemployment Claims Fall to Lowest Level Since April
The fall continues for unemployment claims in the U.S.
Applications for unemployment assistance fell again last week, the fifth straight week of declining claims, which has left them at levels not seen since April.
According to...
General Motors, Netflix Partner to Give EV Awareness a Boost
DETROIT – General Motors and Netflix are joining forces to give electric vehicles (EVs) the stage they deserve, reflecting society’s increasing excitement about an all-electric future, starting with a launch spot, “EVs On Screen.”
In 2021,...
Fed Raises Key Interest Rates 0.25% in Fight Against Inflation
The Federal Reserve raised interest rates 0.25% on Wednesday, the smallest increase since the Fed began raising rates to fight inflation in March.
New Partnership to Complete Detroit Riverfront Revitalization and Joe Louis Greenway, Create Endowment
The partnership formed to complete the Detroit Riverfront revitalization has established an endowment that will help complete the $350 million project.
Record Profits Produce Record Bonus Checks for GM Employees
GM showed record profits in 2022, which resulted in record bonus checks for more than 42,000 hourly employees.
