Grand Rapids Cannabis Company Increases Investments in Social Equity Initiatives
GRAND RAPIDS, Mich. — Grand Rapids-based cannabis company Fluresh provides a year-to-date report of its community impact initiatives, all part of the company’s commitment to being an engaged ally for positive change in West...
Huntington Bank Opens Headquarters in Downtown Detroit
DETROIT – Huntington National Bank recently celebrated the grand opening of Detroit’s Huntington Tower, located at 2025 Woodward Avenue.
The new tower is located in the heart of The District Detroit, a world-class, mixed-use sports...
Chinese Firm Investing $3.8 Billion in Michigan EV Battery Plant
Big Rapids Township is about to become a big player in the electric vehicle battery market.
California-based Gotion Inc., the U.S. subsidiary of Guoxuan High-Tech. Co., is planning a large development near Big Rapids that...
First-Time Unemployment Claims Rise for First Time in 5 Weeks
Maybe the adage should be, “What goes down must come up,” at least as it pertains to the weekly jobs report.
After five weeks’ worth of modest declines, first-time claims for unemployment assistance went up...
Experts: Inflation Components Rising Faster Than Expectations
The Consumer Price Index (CPI) rose 0.1% in August, above market expectations for a decline of 0.1%. On an annual basis, CPI inflation eased to 8.3% from 8.5% in July. But financial markets are...
SBA Announces Inaugural Small Business Cyber Summit
WASHINGTON (Globe Newswire) — Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, announced that the agency will host a free, virtual National Cyber Summit on Oct. 26. This cybersecurity forum, a first...
GM, EDF Announce Recommended Principles on EPA Emissions Standards for 2027 and Beyond
WASHINGTON, D.C. — General Motors and Environmental Defense Fund today announced a set of recommendations that seek to accelerate a zero-emissions, all-electric future for passenger vehicles in model year 2027 and beyond.
The recommendations were jointly...
Fed Hikes Interest Rate 0.75% in Ongoing Battle With Inflation
The Federal Reserve on Wednesday raised its key interest rate 0.75% for a third straight time. It's the fifth rate hike of 2022, with a signal that more are coming.
Hertz, GM Announce Partnership for Major EV Expansion
General Motors and Hertz have announced plans for Hertz to order up to 175,000 electric vehicles from GM over the next five years.
Report: Michigan Seniors Want More In-Home Care But Funding is Needed
LANSING (Capital News Service) — Funding for in-home care and other state senior services is not increasing proportionally to the number of seniors in Michigan, according to Melissa Seifert, the associate state director of...
Ford Expects Earnings Between $11.5 and $12.5 Billion, Despite Supply Shortages
DEARBORN, Mich. – Ford again affirmed its expectation for full-year 2022 adjusted earnings before interest and taxes of between $11.5 billion to $12.5 billion, despite limits on availability of certain parts as well as higher...
Tecnoform Invests $7.3 Million, Brings 130 Jobs to Grand Rapids
Technoform, an Italian luxury boat fixture company, is making a $7.3 million capital ilnvestment and bringing 130 new jobs to its new North American headquarters in Grand Rapids.
Celebrate All Things Plaid For 12th Annual Worldwide Plaidurday Celebration
Ironwood, MI - Several Michigan cities will celebrate the world’s favorite pattern with gatherings planned in Ironwood, Marquette and Detroit on October 7th from 4:00 p.m. to 7:30 p.m. Attendees are encouraged to wear...
Taystee’s Burgers Poised for Growth with Franchise Expansion
DEARBORN, Mich. — Taystee’s Burgers, an award-winning restaurant brand, announced its plans for expansion by offering franchises across Metro Detroit.
“We want to offer a franchising opportunity and experience unlike anything done before with our...
GM Investing $491 Million in Indiana to Support EV Production
DETROIT — General Motors announced today it will invest $491 million at its Marion, Indiana metal stamping operations to prepare the facility to produce a variety of steel and aluminum stamped parts for future products,...
Starbucks Unveils ‘Reinvention’ Plan
Starbucks hosted its biennial Investor Day in Seattle where interim chief executive officer Howard Schultz, chief financial officer Rachel Ruggeri, and Starbucks leaders showcased the company’s Reinvention plan to an in-person audience of more...
Economist: Average Vehicle Prices on the Rise
The Labor Day holiday-shortened work week was light on economic data releases.New light vehicle sales fell by 1.1% in August to an annualized rate of 13.2 million units. New vehicle affordability continues to worsen....
Inflation Report has Negative Impact on Wall Street
This week’s inflation report showed that inflation isn’t slowing as much as economists had thought, and the stock market didn’t react well.
U.S. stocks fell Tuesday as the inflation report spurred reaction on Wall Street...
Study: Younger Americans More Optimistic About Financial Future
CHICAGO (Globe Newsire) — The youngest generations continue to be more optimistic about their financial future in the next 12 months than their older counterparts. The latest TransUnion (NYSE: TRU) Consumer Pulse study found...
Survey: Retail Sales Should Climb 7% for Holiday Season
PURCHASE, N.Y. (Business Wire) — This holiday season, U.S. retail sales excluding automotive are expected to increase 7.1% year over year, according to the Mastercard SpendingPulse™ annual holiday forecast. Mastercard SpendingPulse measures in-store and online retail sales...
