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%)...
DTE Energy Proposes ‘Transformational’ Investment in Michigan-Made Renewable Energy
DTE Energy reinforced its commitment to cleaner energy Thursday, announcing a plan that increases investment in solar and wind energy, accelerates the retirement of coal plants, and includes the development of new energy storage.
Perdue Farms Plans $27 Million Investment in Oceana County Facility
GRAND RAPIDS and SHELBY, Mich. — Perdue Farms, a fourth-generation, family owned U.S. food and agriculture company based in Salisbury, Md., plans to invest over $27 million to renovate a former food processing facility...
General Motors, Microvast to Develop Specialized EV Battery Separator
GM and Microvast will build a plant to develop TV battery separator technology supported by a $200 million federal grant.
Senior Leaders at Ford Announce Retirement in Executive-Level Shift
Executive-level leadership at Ford Motor Company will have a new look after retirement announcements from three senior leaders.
With Demand Surging in an Era of Online Shopping, Trucking Industry Struggles to Find...
The COVID-19 pandemic has had a negative effect on the trucking industry's ability to find drivers.
Fluresh Opens Application Process for Cannabis Entrepreneur Program
GRAND RAPIDS — Grand Rapids-based Fluresh, a leading, vertically-integrated cannabis company that cultivates, processes, and sells across Michigan, announces it has opened the application process for the company’s Cannabis Entrepreneur Program (formerly called Fluresh...
Better Made Brings Back Chocolate-Covered Potato Chips
DETROIT -- Better Made Snack Foods’ famous Milk and Dark Chocolate Covered Potato Chips in the signature yellow and red Better Made collectable tins are now available in stores throughout Michigan.
The much-anticipated tins are...
GM Secures All Energy Needed to Achieve Renewable Energy Goal 25 Years Ahead of...
General Motors has finalized the energy sourcing agreements required to secure 100% of the energy needed to power all its U.S. facilities by 2025.
Commerce Report: Prices Rose 6.2% in September
U.S. consumers watching prices continue to rise steadily didn’t get any relief from a report released Friday from the U.S Commerce Department.
A measure of inflation that is closely monitored by the Federal Reserve remained...
Unemployment Claims Rise Slightly, Remain Historically Low
While the number of Americans seeking unemployment benefits ticked up slightly last week, the total number of applications for jobless benefits remains historically low.
Jobless claims inched up by 3,000 to 217,000 in the week...
Economists: Labor Market Tight, No Recession in October
Industrial production rose a solid 0.4% in September, above the 0.1% consensus, with manufacturing up 0.4%, mining up 0.6%, and utilities down 0.3%. Capacity utilization at 80.3% was above its long-term average of 79.6%...
U.S. Small Business Administration Launches National Veterans Small Business Week
WASHINGTON D.C. (Globe Newswire) — Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, announced that the SBA will celebrate National Veterans Small Business Week Oct. 31 – Nov. 4, with a...
