U.S. Adds 263,000 Jobs in Unexpected November performance
The U.S. economy, according to a variety of published reports, was expected to add some 200,000 jobs in November.
Once again, though, the jobs market outperformed those expectations.
According to the latest release from the federal...
Flagstar-New York Bank Close Deal Worth $2.6 Billion
HICKSVILLE, N.Y. (PRNewswire) — New York Community Bancorp announced that its acquisition of Troy, Mich.-based Flagstar Bancorp, Inc. was completed Thursday, creating a regional banking franchise ranking among the top 25 banks in the...
U.S. Job Openings Fall to 10.3 Million in October
Businesses around the country may be finding it easier to fill positions, if the latest report from the U.S. Labor Department is an indication.
According to statistics the department released, U.S. job openings dropped in...
Study Shows Holiday Retail Fraud Up 127% Over Rest of 2022
CHICAGO (Globe Newswire) — TransUnion released new findings around global e-commerce fraud that occurred during the start of the 2022 holiday shopping season.
The analysis found that the average number of suspected digital fraud...
Cadillac Racing Achieves Key Development Goals With V-LMD
Cadillac Racing’s all-new V-LMDh — the brand’s first electrified race car — has passed crucial testing and development milestones ahead of its competition debut at the Rolex 24 at Daytona on Jan. 28.
Cadillac Racing...
U.S. Small Business Administration Exceeds $1 Billion in Hurricane Ian Assistance
Washington D.C., Nov. 28, 2022 (GLOBE NEWSWIRE) — Isabella Casillas Guzman, head of the U.S. Small Business Administration, announced that more than $1 billion in disaster assistance has been approved by the SBA for...
How the Great Resignation, Quiet Quitters and Boomerangers Are Shaping Today’s Recruitment Efforts
Phenomena like the Great Resignation and quiet quitters are having an effect on companies' recruiting, retention efforts.
The Internet, Social Media Are Transforming Job Recruitment
These days, job seekers are more likely to search social media sites when looking for career opportunities.
Uncertainty of Pandemic World Forces Adjustments in Training Concepts
The uncertainty of a COVID world has brought about changes to the way companies handle peer groups and training sessions.
Food Academy Launches Gift Box Season 
DETROIT — This holiday season, you can give gifts and give back all at once. Small Batch Detroit, a social enterprise powered by Detroit Food Academy, offers a selection of flavorful and nutritious snack...
Larry Mulligan Honored with 2022 Marge Palmerlee Community Service Award
Grand Rapids attorney Larry Mulligan has been honored as the 2022 recipient of the Marge Palmerlee Community Service Award from Degage Ministries. The award was established in 2011 by Innovative Insurance Advisors in honor...
Consulate of Italy in Detroit Launches World-First Metaverse Art Exhibition
To mark the first anniversary of BeIT, a global campaign celebrating all things “Made in Italy,” the Consulate of Italy in Detroit has relaunched its LoveITDetroit metaverse to host a world-first free exhibition of...
Economy Holding Up Better Than Expected in Late 2022, But Still Clearly Slowing
The advance estimate for real GDP in the third quarter of 2022 was 2.6% in seasonally-adjusted annualized terms, better than expected—an upside surprise followed by better-than-expected data for October payrolls, job openings, new home...
Amazon to Staff: Layoffs Will Extend Into New Year
Mass layoffs started at Amazon last week, and they apparently aren’t going to end any time soon.
Company CEO Andy Jassy said in a note to employees that the layoffs would extend into next year.
The...
Retail Sales Increase ‘Well Above’ Market Expectations
Retail sales rose by 1.3% in October, well above market consensus for a 0.9% increase. Core (control) retail sales, which excludes volatile retail sub-sectors such as sales at gasoline stations and food service establishments,...
Stellantis Acquires Autonomous Driving Software Startup
AMSTERDAM – Stellantis N.V. and aiMotive, a leading developer of advanced artificial intelligence and autonomous driving software, today announced that they have entered into an agreement for Stellantis to acquire aiMotive.
This acquisition enhances Stellantis’ artificial...
BrightDrop Set to be One of the Fastest Companies in History to Reach $1...
PALO ALTO, Calif. – BrightDrop shared today with investors that it is on track to reach $1 billion in revenue in 2023, making it one of the fastest companies to ever hit that milestone. The...
Higher Rates Not Discouraging Consumers From Applying For Credit Cards
Inflation is still at a 40-year high and, in response, the Federal Reserve has raised interests rates five times this year, with more in the near future.
But none of that has apparently discouraged anyone...
DTE Energy Foundation Provides $1.26 Million to Support Economic Progress, Community Transformation in Metro...
DETROIT, Nov. 7, 2022 – The DTE Energy Foundation today announced it has awarded $1.26 million in grants to 10 Detroit-area organizations committed to promoting economic prosperity and transforming regional communities for the benefit...
‘Cyber Maturity’ a Key to Surviving Ransomware, Phishing Attacks
Knowing what information needs to be protected and putting in the proper safeguards can help fend off cybersecurity attacks.
