GM Invests $45 Million to Expand Capacity for EV Drive Unit Castings
GM's $45 million investment in an Indiana factory designed to support demand for full-size EV pickups.
State Continues Driving Long-Term Economic Growth Through Business, Placemaking Investments
LANSING, Mich. – Governor Gretchen Whitmer joined the Michigan Economic Development Corporation in announcing Michigan Strategic Fund approval of projects, including a business expansion by an auto supplier in Parma, redevelopment of the former Buick...
11th Annual Networking Events to Connect Former West Michiganders With Local, Hiring Employers
GRAND RAPIDS, Mich. — On Nov. 23, Hello West Michigan and The Right Place will host a virtual and in-person networking event to attract talent to West Michigan. The 11th annual event series will...
Bavarian Inn Lodge Plans $80 Million Indoor Water Park Expansion
Officials at the Bavarian Inn Lodge will break ground on an $80 million expansion project that will expand its water park amenities.
GM Expects North American EV Portfolio to be Profitable in 2025
NEW YORK – General Motors Co. (NYSE: GM) expects its rapidly growing portfolio of electric vehicles will be solidly profitable in 2025 in North America as the company scales EV capacity in the region to...
Amazon Planning on Thousands of Cuts
Amazon plans to carry out massive layoffs, cutting roughly 10,000 jobs, as soon as this week, according to a report in The Washington Post.
If the e-commerce giant follows through on the plans, it would...
Financial Markets Pare Back Fed Rate Hike Expectations
Consumer credit rose $25 billion in September, much lower than the $33 billion consensus estimate. Revolving credit, comprised mainly of credit card balances, rose 8.7% on the month, while nonrevolving credit, mainly student loans...
Ford Announces Strategic Partnership With Manufacture 2030 to Enhance Supply Chain Sustainability
DEARBORN, Mich., Nov. 15, 2022 — Ford Motor Company and Manufacture 2030 announced today a strategic partnership to help Ford’s suppliers meet their carbon reduction targets toward Ford’s goal of reaching carbon neutrality no later...
Study Anticipates 15% U.S. Retail Sales Growth on Black Friday
According to Mastercard SpendingPulse, U.S. retail sales excluding automotive is expected to grow +15% on Black Friday compared to last year. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and...
SBA Calls on Americans to ‘Shop Small’ on Small Business Saturday Across America
WASHINGTON D.C. (Globe Newswire) — Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration called on Americans to “Shop Small” throughout this holiday season and on Small Business Saturday, which falls on...
Companies Honored as National Best and Brightest in Wellness Winners
Dozens of companies were honored by the National Association for Business Resources as the Best and Brightest Companies in Wellness.
U.S. Inflation Eases in October for the Fourth Straight Month
Figures released by the government this week showed inflation in October eased to 8% from a year ago, the fourth straight monthly slowdown.
First-Time Unemployment Claims Dropped Last Week
First-time claims for unemployment benefits dropped by 4,000 last week.
Speaker To Capstone Audience: Equity Needle ‘Isn’t Moving Fast Enough’ for Women
Michelle Li, an award-winning reporter from St. Louis, served as the featured speaker at Inforum Michgan's annual Capstone event.
DTE Energy Foundation Unveils New Float, ‘Best for the World,’ to Debut in Thanksgiving...
The DTE Energy Foundation and The Parade Company revealed a new float set to make it's debut next week in the annual Thanksgiving Day parade in downtown Detroit.
Business Planning Underway With Midterms Complete
Businesses were doing their financial due diligence as the 2022 midterms approached.
Higher Hopes! Brings Back ‘Better than Ever’ Thanksgiving Meal Program
DETROIT — For the ninth year in a row Higher Hopes! will be providing 1,000 Detroit area families full Thanksgiving meals through its “1,000 Turkeys, 10,000 Smiles” program.
The kits contain everything from a delicious...
McCarver Mechanical, MCC Partner on HVAC Apprentice Program
WARREN, Mich. — McCarver Mechanical Heating & Cooling in Warren has partnered with Macomb Community College to create a custom-tailored HVAC Apprentice program for new-hire employees.
McCarver Mechanical created this program with MCC with two...
Unemployment Claims Rise Slightly, But Remain Historically Low
The number of U.S. workers seeking unemployment benefits last week rose slightly, jumping by some 7,000 claims.
According to figures released by the Labor Department Thursday, 225,000 workers applied for jobless benefits in the week...
Zuckerberg Announces 11,000 Job Cuts at Meta
Meta, the parent company of the social media site Facebook, has announced a 13-percent personnel rollback that will cost some 11,000 Facebook employees their jobs.
CEO Mark Zuckerberg posted the news in a blog, taking the...
