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.
Michigan Union Membership Increases in 2022 as Dems Eye Repeal of Right-to-Work
While Democrats in Lansing eye a repeal of Right-to-Work laws, union membership increased in Michigan last year.
Michigan Manufacturing Technology Center Begins Presidential Transition
PLYMOUTH, Mich. – Mike Coast, President of the Michigan Manufacturing Technology Center for the past 21 years, has announced his retirement after 27 years with the organization. As president, Coast has been responsible for...
Hazel’s of Birmingham plans winter renovation
BIRMINGHAM, Mich. – When co-owners Beth Hussey and Emmele Herrold opened Hazel’s in 2018 they couldn’t have predicted that the restaurant would shift its full focus to become the fresh-caught in-season seafood spot it is...
Michigan Lawmakers Approve Pension Tax Relief, Expand EITC
The Michigan Legislature on Thursday passed legislation that would provide pension tax relief and expand the state's Earned Income Tax Credit.
First-Time Unemployment Claims Drop Below 200,000 for Second Straight Week
How many times in a row does something have to happen before you can call it a streak?
If the answer is two, then the number of first-time unemployment claims falling is on one.
For the...
Retail Sales, Housing Starts Fell in Late 2022
Retail sales, industrial production, and housing starts and permits fell in late 2022, a sign the goods side of the economy was contracting at the turn of the year.
Retail sales fell 1.1% in December,...
Walmart Giving U.S. Workers a Pay Raise
NEW YORK — Walmart will give pay raises to its U.S. workers next month, part of a program Walmart offiials say is designed to strengthen jobs and invest in its people.
Under the plan, Walmart will...
Ford F-150 Lightning Named Best of the Best in Edmunds Top Rated Awards 2023
DEARBORN, Mich., Jan. 25, 2023 – Edmunds, a trusted guide in car shopping for over 50 years, has named the Ford F-150 Lightning as the Best of the Best in Edmunds Top Rated Awards 2023. This follows...
Study: New Credit Consumers Similar, Maybe Better, Risks Than Established Credit Users
CHICAGO (Globe Newswire) — New-to-credit consumers – those early in their credit journeys – generally perform as well or better than borrowers with established credit and similar risk scores.
This finding from a newly...
Appeals Court Ruling Nixes Hikes in Minimum Wage, Sick Leave
A Michigan Court of Appeals panel ruled Thursday state legislators were acting within the constitution when they used an "adopt and amend" strategy on petitions involving the minimum wage and paid sick leave.
Whitmer Calls for Tax Relief, Touts Economic Success in State of the State Speech
Gov. Gretchen Whitmer called for tax relief for seniors and an expansion of the EITC in her fifth State of the State speech Wednesday.
Whitmer’s Speech Delivered to Friendlier Legislature
Gov. Gretchen Whitmer delivered her fifth State of the State speech Wednesday in front of the first Democratic Legislature in 40 years.
GM Investing $918 Million in Four U.S. Facilities for V-8 Engine Production, EV Components
GM says the $918 million it plans to invest in four U.S. manufacturing sites will help the automaker strengthen its industry-leading full-size truck and SUV business.
Genisys Credit Union Top in the Nation for Corporate Social Responsibility Efforts
AUBURN HILLS, Mich. — The Credit Union National Association (CUNA) Awards Committee has announced Genisys Credit Union as the national-level, first place winner of the 2022 Dora Maxwell Social Responsibility Community Service Award. The...
East Hills Neighborhood Restaurant Kicks Off 2023 With Interior Refresh
GRAND RAPIDS, Mich. — The Green Well is making a grand splash in 2023 with an extensive interior renovation.
The popular East Hills neighborhood restaurant will close January 29 through early February to complete...
Fewer Americans Filing for Unemployment Benefits
If the Federal Reserve’s goal is to tamp down inflation by tinkering with the employment market, it might need a new strategy.
Last week, the number of people applying for unemployment benefits in the United...
Inflation Slowed in December, the Sixth Consecutive Month of Falling Rates
Inflation is still at a record high but, for the sixth straight month, it slowed across the U.S. economy.
Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth...
December Retail Sales Take a Slight Tumble
Not exactly the ending to a holiday season retailers were hoping for.
The Commerce Department said Wednesday that retail sales in the United States continued dropping in December, falling 1.1% in the middle of record...
