Bedrock Announces Succession Plan for Retiring CEO
Officials at Bedrock announce a succession plan after CEO Kofi
Bonner announces his retirement after five years at the helm.
Key U.S. Inflation Gauge Rises Slightly
The Federal Reserve’s preferred inflation gauge climbed a little higher last month, with prices rising 2.6% in June compared with a year ago.
The Commerce Department reported Thursday prices were...
U.S. Announces Higher Tariffs, Including 35% on Canada
President Donald Trump’s tariff rates were supposed to kick in Friday, but have now been delayed a week.
Trump signed a pair of executive orders this week that increase tariffs...
Consumer Confidence Rose Slightly in July
The way Americans view the U.S. economy improved in July, but they appear to still be concerned about the impact of the country’s shifting implementation of tariffs on their...
Fed Held Rates Steady in July, With No Signal of September Cut
Key Takeaways:
As expected, the Federal Reserve held their policy rate unchanged at their July meeting.
While two members of the rate-setting committee dissented and voted for an immediate cut, most...
Microsoft Cloud and AI Strength Fuel Fourth-Quarter Surge
Microsoft said Wednesday that annual revenue for its flagship Azure cloud computing platform has surpassed $75 billion, up 34% from a year earlier.
The Azure cloud business is a centerpiece...
Ford Pro Names Former GM, Amazon Exec as New President
Ford Motor Company announced Alicia Boler Davis, an accomplished executive with more than 30 years of experience in automotive, technology, and customer experience, has been named president of Ford...
Fed Ducks Pressure, Holds Interest Rate Steady
Despite heavy pressure from the White House, Federal Reserve officials decided against a rate cut at its Wednesday meeting.
Economy Shows Second-Quarter Rebound
After its first retreat in three years in the first quarter, America's gross domestic product rebounded with a 3-percent gain in the second quarter.
Job Market Adds Better-Than-Expected 147,000 Jobs
Experts figured the U.S. job market would produce some 110,000 jobs in June after having exceeded expectations the previous month.
According to statistics released by the Bureau of Labor Statistics...
Union Pacific, Norfolk Southern Talk Rail Merger
Union Pacific Corporation and Norfolk Southern Corporation confirmed that the companies are engaged in advanced discussions regarding a potential business combination.
In a statement posted to Union Pacific’s website, officials...
New Home Sales See Slight Rebound, But Housing Market in a Funk
New home sales likely rebounded slightly in June from depressed levels in May, while existing home sales likely fell. The housing market is in a funk, held back by...
Unemployment Claims Take Unexpected Dip
The number of U.S. workers filing for unemployment insurance took an unexpected fall this week, with a drop of some 4,000 claims.
According to statistics released by the Labor Department...
Auto Industry Leaders Say Tariffs Are Costing Them
Automakers say U.S. tariff policies are costing them millions of dollars, with losses expected in the billions by the end of the year.
GM, Redwood Materials Pursue Use of U.S.-Built Batteries for Energy Storage
The partnership between GM and Redwood Materials is expected to take GM's technology beyond EVs.
Transforming Business Operations Amidst Rising Cybersecurity Challenges
Generative AI isn't just kept in the back room of tech giants anymore. It has rocketed to center stage in the business world.
Inflation Up Less Than Expected in June, Still Up Year-Over-Year
The Consumer Price Index rose 0.3% in June, matching the consensus forecast. Energy rose 0.9% after falling 1.0% in May. The short-lived Israel-Iran War pushed up energy prices temporarily...
Retail Sales Rebound Slightly in June
If American consumers are concerned about tariffs or the state of the U.S. economy, it’s apparently not affecting their spending.
After pulling back earlier in the year, consumers picked it...
Trump to Hit Smaller Countries With 10% Tariffs
Smaller countries are not escaping the trade policies of President Donald Trump.
In a conversation with reporters this week, Trump said he plans to hit smaller nations, including countries in...
Ultium Cells to Upgrade Tennessee Plant For Low-Cost EV Battery Cell Production
SPRING HILL, Tenn. — Ultium Cells LLC, a joint venture between General Motors and LG Energy Solution, will upgrade its Spring Hill, Tenn., battery cell manufacturing facility to scale...
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Auto Suppliers Hesitant to Fill Jobs Until Tariff Uncertainty Settles
The changing tariff landscape, and the uncertainty of tariff impacts that comes with it, has automotive suppliers waiting to fill open jobs.
Cyber Challenges Could Bring Military, Business Threats to U.S. Shores
Experts say burgeoning cyber security challenges make it more likely the U.S. could face threats within its own borders.
Mayor Election Down to Council President, Political Newcomer
The August primary whittled the race for Detroit mayor down to City Council President Mary Sheffield and Solomon Kinloch, pastor at Triumph Church.
