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...
U.S. Inflation Cooled in October
Inflation remained historically high in October, but there were signs it was slowing.
Price increases moderated in the United States last month, a sign the inflation pressures in this country might be easing as the...
Financial Markets Paring Back 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, JD Power Join Forces to Expand Vehicle Build Data Coverage
DEARBORN, Mich. -– Ford Motor Company and J.D. Power ChromeData, a leading provider of vehicle data and software solutions, announced an agreement to use Ford and Lincoln vehicle build data for ChromeData VIN Descriptions.
Ford and...
SBA Announces Path Forward for Veteran Small Business Certification Program
Washington D.C. (Globe Newswire) -- U.S. Small Business Administration Administrator Isabella Guzman announced consequential updates to the planned launch of SBA’s new Veteran Small Business Certification Program — including her intention to grant a...
Metro Detroit’s Best and Brightest Elite Winners Announced During Virtual Awards Program
The elite of Metro Detroit's Best and Brightest Companies to Work For were honored by the NABR Thursday in a virtual awrads ceremony.
Fourteen Elite Winners Announced at Michigan’s Best and Brightest in Wellness Virtual Event
The elite winners in the 2022 Best and Brightest in Wellness competition were honored this week in a virtual awards ceremony.
Holiday Expo, Small Business Fair and Crafters Marketplace Headed for Lakeside
STERLING HEIGHTS, Mich. — The annual EXPO MICHIGAN Marketplace, hosted by The Oakland County Business Association Inc of Michigan, will take place at Lakeside Mall from Thanksgiving weekend to Christmas Eve. This 11th annual...
NABR Honors Spring, Summer Companies Named Among Best and Brightest in the Nation
Best and Brightest Companies from the spring and summer competitions were honored at the Illuminate Business Summit.
Webinar Offers Tips on Branding Your Recruiting Effort
The Best and Brightest Companies to Work For hosted their 2022 Illuminate Business Summit whilch, among other things, offered help for recruiting talent.
Elite Winners Honored by Best and Brightest in San Francisco, Boston
The elite winners in both Boston and the San Francisco Bay Area were honored by the Best and Brightest Companies during virtual ceremonies at this week's Illuminate Business Summit.
Best and Brightest Program Honors Regional Competition Winners
The National Association for Business Resources honored the regional winners in its 2022 Best and Brightest Companies to Work For competition.
Danto Furniture Moves Location, Celebrates Four Generations of Service to Greater Detroit
DETROIT, Mich. – Wherewere you in 1940? Watching the Detroit Tigers win the American League Pennant? Keeping a close eye on Europe and Japan? Or, perhaps, going to the neighborhood theatre to plunk down...
New York Community Bancorp Gets Final Approval to Buy Flagstar Bancorp
The merger of New York Community Bancorp and Flagstar Bancorp creates an institution with 395 branches across nine states.
Fed Hikes Interest Rates Again; Further Increases Could Be Smaller
There was some bad news, and some not-as-bad news, out of the Federal Reserve on Wednesday.
The bad news: The Fed announced it was raising interest rates by three-quarters of a point again, and also...
U.S. Economy Adds 261,000 Jobs in October, Unemployment Rate Up to 3.7%
While the October jobs market produced stronger-than-expected results – adding 261,000 jobs when economists reportedly expected more like 205,000 – it was still the third straight month job totals dropped.
Statistics released by the U.S....
Musk Announces Mass Layoffs at Twitter; Employees File Class-Action Lawsuit
Employees at Twitter began receiving notification of their job status Friday morning after new owner Elon Musk announced earlier this week that mass layoffs would be coming.
Musk, whose deal to purchase Twitter closed a...
GDP a Little Better Than Expected in Third Quarter, But Economy’s Trend is Cooling
Real GDP grew 2.6% in the third quarter at a seasonally adjusted and annualized rate, a bit better than the 2.3% consensus. Comerica had forecast 1.5%.
The third quarter shows a swing to positive growth...
NRF Predicts Healthy Holiday Sales as Consumers Navigate Economic Headwinds
WASHINGTON – Holiday spending is expected to be healthy even with recent inflationary challenges, as the National Retail Federation Thursday forecast that holiday retail sales during November and December will grow between 6% and 8% over...
Amex Report Shows Consumers Making Holiday Shopping, Travel Plans
According to the Amex Trendex, a trend report from American Express, consumers plan to celebrate, shop and travel more thoughtfully this year.
Last year, COVID-19 variants disrupted many consumers’ long-awaited plans: more than half (52%)...
