Fed Makes a Big Half-Percentage Point Hike, With Equal Hikes to Come in June...
The Federal Open Market Committee (FOMC) raised the federal funds target by a half percentage point to a range of three-quarters-to-one percent at their unanimous May 4 decision. This aggressive rate hike was the...
GMC Introduces First-Ever 2023 Yukon Denali Ultimate
DETROIT – The GMC Yukon helped create the Denali brand — now the 2023 GMC Yukon Denali Ultimate trim elevates the iconic sub-brand.
Distinguished with exterior and interior details, next-level materials, innovative available technologies and impressive...
April U.S. Retail Sales Remain Steady, Up +7.2%* Year-Over-Year: Report
PURCHASE, N.Y. (Business Wire) — From a clean home to a new wardrobe, Spring brings fresh starts and beckons consumers outside and back into stores.
According to Mastercard SpendingPulse, which measures in-store and online retail sales...
Study: Rising Inflation Impacting Non-Prime Borrowers Most; Consumers Proving Resilient
CHICAGO (Globe Newswire) — As rapidly rising gasoline, energy and utility prices, among other factors, drive inflation to levels not seen since the 1980s, non-prime borrowers – those consumers with the riskiest credit profiles...
Stefanini Partners with Lawrence Tech for Artificial Intelligence Development, Research
SOUTHFIELD -- Like a lot of new workers, Sophie started out performing entry-level work. As she gained experience, she got promoted and learned new skills. Now she's running factories, through a partnership between Stefanini...
Fed Raises Key Rate By Half Percentage Point – The Biggest Hike in Two...
In an effort to fight inflation, the Feds increase its short-term interest rate by half-percentage point on Wednesday.
Children’s Trust Fund Gala Takes Aim at Preventing Child Abuse in Michigan
With its annual signature auction, the Children's Trust Fund hopes to raise more than $550,000 to help prevent child abuse in Michigan.
Report: Most Michigan businesses pay $0 corporate income tax
A report based on information from the Michigan Department of Treasury says a significant number of corporations don't pay state corporate income tax.
Michigan Businesses Signal Support of State’s Climate Goals
Representatives of 15 Michigan businesses have signed off on a letter to Gov. Gretchen Whimter in support of the state's carbon neutrality goals.
LAFCU to Offer ATM Service in All 27 Quality Dairy Store Locations
LANSING, Mich. — LAFCU ATM service will soon be available in all 27 Quality Dairy Store locations in Greater Lansing. Transition to LAFCU ATMs will begin early May.
There will be no change to ATM...
‘Civility Day’ Conference Hopes to Bring Opposing Viewpoints Together
The last decade has been one of the most politically and emotionally divisive in American history. Civil disagreement has disintegrated, and a country once known as a leader in democracy is fighting for its...
GM’s First-Quarter Income Drops Slightly; Barra Touts Increased Production
In a letter to General Motors shareholders release earlier this week, GM CEO Mary Barra pointed out the company “rises to meet challenges.”
And according to figures the automaker also released Tuesday, there are some...
First-Time Unemployment Claims Continue Near Historic Lows
The unemployment news in the U.S. continues to be positive.
According to statistics released by the Labor Department Thursday, the number of U.S. workers filing for first-time unemployment assistance last week dropped by 5,000.
Statistics showed...
Report Shows Accelerated Progress for GM Toward an Equitable, All-Electric Future
DETROIT — General Motors today released its 12th annual Sustainability Report, detailing its progress on expanding EV access, electrifying beyond the personal vehicle, and helping to ensure that climate action is equitable and inclusive as the company...
United Kicks Off Largest Transatlantic Expansion in its History
CHICAGO (PRNewswire) — United has kicked off the launch of the largest transatlantic expansion in its history, in anticipation of a strong recovery in European summer travel.
In total, United will launch or resume...
Study: Fraud Attempt Rate Down Nearly 25% as More Businesses Implement Fraud Prevention Measures
CHICAGO (Globe Newswire) — The global digital fraud rate decreased in Q1 2022 with suspected online fraud attempts declining -22.6% from the same quarter last year. TransUnion’s quarterly digital fraud analysis observed the suspected...
3M Acquires LeanTec Technology, Advancing Inventory Management and Digital Solutions
ST. PAUL, Minn. (PRNewswire) — 3M announced that it has acquired the technology assets of LeanTec, a provider of digital inventory management solutions for the automotive aftermarket segment in the United States and Canada.
The...
Building Business Value
Identifying Exit Strategies Key to Preparing Family Business for Transition.
