American Shoppers Boost Retail Spending
If the economy is slowing, American consumers seem to be undaunted by it.
Americans stepped up their retail spending in July by the most in a year and a half.
According...
Starbucks Names Chipotle’s Brian Niccol as Chairman, Chief Executive Officer
SEATTLE – Starbucks announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on Sept. 9. Starbucks chief financial officer, Rachel...
Unemployment Claims Fall for Second Straight Week
The number of U.S. workers seeking unemployment assistant fell last week.
Jobless claims dropped to 227,000 last week, according to statistics released by the Labor Department Thursday. That’s a drop...
Mustang Makes a Splash at Disney Fan Event
Well, that was fun! The Ford Motor Company Archives arranged the loan of one of the original “Skyway Mustangs” to the Walt Disney Company D23 Ultimate Fan Event, held...
CEOs Expect Stable Near-Term Outlook, Obstacles in Future
A survey of CEOs shows Michigan's business leaders expect the state's economy to be stable over the next six months.
State Could Seek Guidance on High Court’s Minimum Wage Ruling
Gov. Gretchen Whitmer said she could look for some clarity surrounding Michigan Supreme Court's ruling on the minimum wage and paid sick leave.
Kelly Reports Mixed Results for Second Quarter
Kelly officials attribute a down second quarter to the selling off of the company's European operations.
Fed Signals First Cut in 4 Years Could Come in September
Federal Reserve officials have been hinting for months that cuts to its benchmark interest rate could be coming.
The hinting may just about be over.
Federal Reserve Chair Jerome Powell on...
Confident Consumers Feeling Economic Future to Improve
Media reports are filled with negative feelings from consumers about the economy despite recent good news.
But the griping over consistently-high grocery and gas prices doesn’t appear to be dimming...
Unemployment Claims Climb to Highest Point Since August 2023
It’s been awhile.
The number of Americans filing claims for unemployment benefits jumped last week to the highest level they’ve been in a year.
According to statistics released by the U.S....
Solid GDP Report Leaves Fed in No Hurry to Cut Rates
As expected, the Fed held interest rates steady at their July 31 monetary policy decision, but signal to expect a rate cut at the next decision on September 18.
Last...
DOT Rule Would Ax Cost for Parents to Sit With Young Children
U.S. Transportation officials don’t think parents should have to pay extra to sit with their young children on an airline flight.
And they’re proposing a new rule that would make...
CEO Says Grit, Work Ethic Are Keys to Success
The CEO of a retail company tells "LinkedIn Live" audience that grit and work ethic are two keys to business success.
DOL Raises the Bar to New Heights for FLSA Exemption Salaries
While there are pending court cases that could impact the decision, the Department of Labor has enacted policies that affect overtime exemptions for certain salary categories.
Fed Holds Interest Rates Steady, Eyes Possible September Cut
The Federal Open Market Committee, which sets the Federal Reserve's interest rates, declined to cut them after their Wednesday meeting and, according to observers, could cut them in September.
Michigan Supreme Court Orders Hike in State’s Minimum Wage
The state Supreme Court ruled Wednesday that actions taken by the Legislature in 2018 were unconstitutional, and ordered an increase in the state's minimum wage.
Detroit Auto Show Announces 2025 Show Schedule in January Return
The Detroit Auto Show, returning to its January spot on the calendar, announced the schedule for the 2025 show.
Stellantis Software Executive Takes Post at Goodyear
Mamatha Chamarthi, who headed Stellantis NV's software business development, has left the automaker to become Goodyear Tire & Rubber Company’s senior vice president and Chief Digital Officer.
She is the...
U-M Medical School Dean Runge to Retire in June 2025
The University of Michigan Medical School and Michigan Medicine will be under new management this time next year.
Marschall Runge, CEO of Michigan Medicine and dean of the University of...
Cetinok, Richardson to Lead GM’s Software and Services Organization
DETROIT – General Motors is promoting Baris Cetinok and Dave Richardson to head its Software and Services organization as the company advances in electric, autonomous and connected vehicles. Since joining...
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AWAF Summit Promotes Women’s Roles in Industry
With its Ignite Your Genius summit, the Automotive Women's Alliance Foundation highlighted the increasing roles women play in the industry.
Inflation Eases Despite Tariff Turmoil
Inflation cooled slightly over last year despite fears concerning U.S. tariff policies.
CEO Knew ‘It Was Time’ and Stepped Onto the Path to Retirement
Mary Starr recognized the moment and made the leap, forging a new path into retirement.
