Fed Holds Steady on Key Interest Rate
Questions still surround the impact President Donald Trump’s policy on tariffs will have on the U.S. economy, and Trump himself has been pressuring the Federal Reserve to cut interest...
Number of Americans Seeking First-Time Unemployment Benefits Drops
If there’s concern about how U.S. trade policies might affect the job market, that concern is not showing up in the number of unemployment applications American workers are seeking.
The...
Experts Forecast Rate Cuts Later in 2025
As universally expected, the Federal Open Market Committee (FOMC) held the federal funds target unchanged at the May 7 decision at a range of 4.25% to 4.50%. The decision...
GM Names Duncan Aldred President of North America Business
DETROIT - General Motors announced the promotion of Duncan Aldred to lead the company’s North America region.
Aldred, who recently has been VP, commercial growth strategies and operations, becomes GM senior...
U-M President Santa Ono Leaving to Lead University of Florida
Seven months after signing a lucrative extension to his original contract, University of Michigan President Santa Ono has announced he’s leaving to take a similar position at the University...
Citing Tariffs, GM Revises Earnings Guidance
The auto industry continues to brace for the impact of whatever tariffs placed on it by the U.S. trade policy.
At General Motors, at least, that means reevaluating its financial...
Consumer Confidence Drops to Lowest Level Since 2020
The stock market apparently isn’t the only thing being affected by the back-and-forth on U.S. tariffs.
According to The Conference Board, consumer confidence in the American economy has dropped to...
U.S. Economy Shrinks for First Time in 3 Years
The U.S. economy did something it hadn’t done in three years in the first quarter: Shrink.
The U.S. economy shrank at a 0.3% annual pace from January through March, The...
First-Time Unemployment Claims Take a Slight Jump
U.S. applications for jobless benefits have stayed in the same basic range for months, but that doesn’t mean there haven’t been fluctuations.
According to the Labor Department, applications for unemployment...
Trump Scales Back Auto Tariffs on Imports, Parts
President Donald Trump signed executive orders scaling back tariffs on imported cars and auto parts.
Experts Say the Region Can Become an Innovation Economy Leader
With its education advantages and economic revival, experts say the region can be leading the way in the innovation economy space.
Summit Convenes Military, Aerospace, Tech Leaders on Securing Defense Systems
With global cyberattacks escalating, the National Defense Industrial Association Michigan Chapter convenes its annual Cyber-Physical Systems Security Summit.
IMF Downgrades U.S., Global Economic Outlook
The on-again, off-again nature of U.S. tariff policies – not to mention the policies themselves – have darkened the outlook for both U.S. and global economic markets.
That’s the projection...
Defensive Positioning Pays Off As Policy Upheaval Roils Markets
The economy kicked off 2025 on the wrong foot, with early indicators pointing to an ugly GDP report for the first quarter when the advance estimate is published April...
Auto Industry Groups Pen Letter Seeking Tariff Relief
Some of the biggest auto industry trade groups signed onto a letter asking the Trump administration for relief from tariffs on auto parts.
Companies Casting a Wider Net in Search for Talent
It's not as much about degrees as it is skill as companies search for talent.
Many Businesses Withholding Spending Decisions To See Impact of Tariffs
Most businesses are taking a 'wait and see' attitude on the effects of impending tariffs before charting a financial course.
Fed Keeping an Eye on Inflation Amid Tariff Hikes
Federal Reserve Chair Jerome Powell told the Economic Club of Chicago that the central bank has to keep in mind the effect sweeping tariffs being imposed by President Donald...
Retail Sales Rose 1.4% in March
U.S. shoppers, perhaps trying to load up on big-ticket items before the effects of President Donald Trump’s new tariffs kick in, stepped up their shopping last month.
But, according to...
Fewer Workers File First-Time Unemployment Claims
The number of American workers filing initial unemployment claims took another tumble last week.
Jobless claim applications fell to 215,000 for the week ending April 12, according to statistics released...
