DTE Board Taps Harris to Replace Norcia as CEO
The DTE board named Joi Harris to become CEO, replacing Jerry Norcia, who was elected executive chairman of the board.
Birthday Bash Celebrates U.S. Army’s 250th Anniversary
Congressional Medal of Honor winner Jim “Doc” McCloughan highlighted the evening at the celebration of the Army’s 250th anniversary at the Westin Book Cadillac Hotel in Detroit.
Fed Still in Wait-And-See Mode on Rate Cuts
As universally expected, the Federal Open Market Committee held the federal funds target unchanged at the June 18 decision at a range of 4.25% to 4.50%. This marks six...
Retail Sales Drop as Consumers Pull Back on Spending
Earlier in the year, American consumers were spending money more freely in an attempt to be ready for sweeping tariffs being put in place by the White House.
Not so...
Unemployment Claims Drop to 245,000
After a couple of weeks of rising first-time unemployment claims, fewer Americans applied for assistance last week.
According to statistics released by the Labor Department, the number of U.S. workers...
Fed Leaves Key Interest Rate Unchanged
Despite pressure from the White House to cut interest rates, Federal Reserve officials decided again to leave rates where they are for now, while indicating at least a couple...
Unity Collaborative Strives to Continue Inclusion Mission
The Unity Collaborative hit the ground running in its effort to continue to provide the means for fostering an inclusive environment.
GM to Invest $4 Billion in its U.S. Manufacturing Plants
General Motors announced plans to invest about $4 billion over the next two years in its domestic manufacturing plants to increase U.S. production of both gas and electric vehicles.
The...
JetZero Building $4.7 Billion Plant in North Carolina
GREENSBORO, N.C. –– JetZero, the aerospace start-up pioneering an all-wing design airplane, joined North Carolina Governor Josh Stein, state officials and honored guests in announcing Greensboro, N.C., as the location...
Door Dash Buying Advertising Tech Firm for $175 Million
DoorDash Inc. is buying advertising tech firm Symbiosys for $175 million, bolstering an ad business that now generates more than $1 billion annually.
Symbiosys, founded by former Google ads product...
Cheaper Gas, Rent Lead to Small Inflation Increase
Gas was cheaper and rent was lower last month, but the cost of groceries was up a bit, as were the prices for some imports.
All of that meant just...
First-Time Jobless Claims Remain at 8-Month High
It was a good news-bad news week in terms of first-time filings for unemployment benefits.
The good news is the number of Americans filing for benefits didn’t increase (it stayed...
Inflation Data Driving Economic Narrative
Inflation data is driving the economic narrative this week. The CPI and PPI probably rose modestly in May due to lower energy prices, while core CPI and PPI likely...
U.S. Economy Adds 139,000 Jobs in May
The U.S. economy added more jobs than many analysts had reportedly expected, but the job growth overall is still slowing down.
Employment data released Friday by the Bureau of Labor Statistics...
Study: Businesses Raised Prices Soon After Tariffs Hit
Despite assurances from the White House that the cost of its varying tariff policies would be borne by companies, a study by the Federal Reserve Bank of New York...
Unemployment Claims Rise to Highest Level since October
In historical context, the numbers of Americans filing first-time unemployment benefits is still relatively low.
But they’re on the rise.
Filings for unemployment benefits rose to their highest level in eight...
Businesses Waiting to See How Tariffs Play Out
Employers likely added jobs at a modest pace in May as businesses waited to see how tariff policies ultimately settle out. The unemployment rate likely held unchanged, with modest...
Dodge Adds a Hemi V-8 to Durango Lineup
AUBURN HILLS, Mich. -- Dodge is powering up the brand’s performance SUV mix for the 2026 model year, with special focus on the popular HEMI-powered Dodge Durango R/T, introducing a...
‘Highly Engaged Team’ Key to OxBlue’s Success
A successful onboarding process and keeping staffers 'highly engaged' has led to success for tech firm OxBlue.
Finding the Right Talent is Key to Business Growth
Executive says bringing on employees who properly fit the team's mission and have the talent to make it happen is a key component in business success.