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The hope for interest-rate cuts from the Federal Reserve early this year appear to be fading. Fed Chair Jerome Powell is indicating that an inflation rate that stays stubbornly high could push any rate cuts until later this year. Powell, speaking during a panel discussion Tuesday, said recent data has dimmed...

The Biden administration has indicated on several occasions that bringing semiconductor production to the U.S. is a priority. On Monday, the administration put its money where it’s push is. The Biden administration pledged up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building...

Whatever anyone else’s reaction to the state of the U.S. economy might be, Americans seem to be willing to spend. According to statistics released by the U.S. Commerce Department Monday, retail sales rose 0.7% in March – almost double what economists had forecast – after rising 0.9% in February. All...

Retail sales growth likely slowed in March as gasoline prices rose more slowly and new car and truck sales pulled back from February’s level. Core retail sales excluding gasoline stations and auto dealers likely grew moderately, matching their February pace. Industrial production likely rose modestly in March, as manufacturing activity...

It was déjà vu in the U.S. labor market last week. According to statistics released by the U.S. Department of Labor Thursday, first-time claims for unemployment benefits remained flat. The weekly report showed 212,000 claims filed during the week ending April 13. That’s the same number of workers who applied the...

DETROIT – As EV technology continues to evolve, GM is working toward elevating the overall ownership experience by introducing new ways for customers to unlock additional value and gain access to the expanded benefits of an all-electric future. Available for the first time as part of its expanding product ecosystem, GM...

General Motors announced Monday it would move its global headquarters to the new Hudson's site being built by Bedrock. The move is expected in 2025.

Experts say the more connected the world becomes, the more important it is to be ready to deal with hackers.

Detroit is getting set to show off while hosting the three-day NFL Draft.

PHILLIP ISLAND, Australia — The highly anticipated Australian racing debut of the all-new Mustang GT4 is set for the iconic Phillip Island Grand Prix Circuit this weekend, April 12-14. The event, marking the third round of the 2024 Shannons SpeedSeries, will see Ford Australia celebrating the 60th anniversary of the Mustang....

If the 11 interest rate increases the Federal Reserve has made since March 2022 were supposed to slow the job market in a continuing fight against a stubborn inflation rate, someone forgot to tell U.S. employers. The U.S. economy added 303,000 jobs in March, according to statistics released by the...

Federal Reserve officials have said they’re waiting to see what the national inflation rate does before deciding when, or if, to cut interest rates after having raised them 11 times since March 2022. If the consumer inflation rate from March is any indication, such cuts may wait a little longer. In...

The Biden administration said Monday the U.S. would provide up to $6.6 billion to help a Taiwanese semiconductor firm expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the first time. Commerce Secretary Gina Raimondo said the funding for...

Initial claims for unemployment assistance fell last week, but the total number of Americans collecting unemployment climbed to its highest level since the beginning of the year. The number of Americans who applied for jobless benefits for the week ending April 6 fell by 11,000 to 211,000 from the previous...

LANSING – As the April 15th tax filing deadline approaches, Michigan Attorney General Dana Nessel is reissuing her Public Service Announcement on tax-related ID theft to urge consumers to protect themselves and be diligent against tax-related identity theft. A video highlighting tips on how to prevent tax-related identity theft can be found...

ACG Detroit has released a limited number of tickets to its "Draft Eve ini the D" party.

DEARBORN, Mich. – Ford Motor Company said it is retiming the launch of upcoming electric vehicles at its Oakville, Ontario, assembly plant while continuing to build out an advanced industrial system to produce its next-generation electric vehicles, including greenfield construction and conversion of existing assembly plants.  The company continues to invest in...

DETROIT — General Motors Co. and its dealers increased retail sales by 6% year-over-year and delivered 594,233 vehicles in the U.S. in the first quarter of 2024, down 1.5% year-over-year due to lower fleet deliveries. GM continued its industry leadership in full-size pickup, full-size SUV and affordable small SUV sales,...

UPS announced the company has been awarded a significant air cargo contract by the United States Postal Service. This award is effective immediately and greatly expands the existing relationship between the two organizations. Following a transition period, UPS will become the USPS’s primary air cargo provider and move the majority...

It’s a high-low situation in the U.S. job market. The number of Americans applying for unemployment assistance rose last week. However, layoffs remain at historically low levels as the labor market continues to chug along despite elevated interest rates. According to statistics released by the Labor Department Thursday, filings for unemployment...