Auto, Retail Sales Jumped; Other Markers Likely Weaker
Retail sales likely rebounded in March after a poor start to 2025. Auto sales jumped in the month as consumers rushed to get new vehicles before tariffs pushed prices...
Whitmer Speech Focuses on Tariffs, Roads
Gov. Gretchen Whitmer talked about road conditions and called for more certainty in U.S. economic policy in a speech to the Detroit Economic Club.
Trump Ponders Tariff Break for Automakers
President Donald Trump said Monday he's considering a temporary exemption on his tariff policy for carmakers transitioning production to the U.S.
Inflation Falls Amid Up-Down Nature of Tariffs
President Donald Trump’s on-again-off-again implementation of tariffs on most goods coming into the U.S. doesn’t seem to be having an effect on the inflation rate – yet.
With the cost...
Fed Leaning Toward No Rate Cuts Amid Tariff Turmoil
It doesn’t appear as though Federal Reserve officials are going to lower interest rates any time soon.
The Fed is expected to put off any rate cuts in the face...
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...
Tariff Pause Leaves Auto Industry Awaiting Impact
Trump paused the reciprocal tariffs he imposed on nearly everything, but analysts say the auto industry is in wait-and-see mode.
Report Shows Positives, Challenges in Region’s Economy
The annual State of the Region report shows that, while the region's economic outlook is generally positive, there are challenges coming.
Expo Highlights Region’s Military Contributions
The three-day Michigan Defense Expo highlighted the region's importance to the U.S. defense industry.
Markets Tumble After Tariff Announcement
Trump administration officials, in talking about his plan for increasing tariffs the last few weeks, acknowledged there might be a “little pain,” at least in the short term.
They were...
U.S. Economy Adds 228,000 Jobs in March
The U.S. jobs market shrugged off the effects of federal government layoffs and the impact of new tariff policy and posted a better-than-expected gain last month.
The Labor Department announced...
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...
Trump Rolls Out Sweeping Set of Tariffs
President Donald Trump, who has been promising new tariffs on goods coming into the U.S., rolled out his plan in a Rose Garden ceremony Wednesday.
Trump Hits Car Imports With 25% Tariffs
President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States.
The tariffs, set to take effect April 3, are aimed at expanding America’s auto...
Economy Grew at 2.4% in Fourth Quarter of 2024
Fueled by an end-of-year spending spree among American consumers, the U.S. economy grew at a 2.4% rate in the fourth quarter of 2024, the government announced Thursday.
Growth in gross...
DNA Testing Firm 23andMe Files for Bankruptcy
SAN FRANCISCO (Globe Newswire) — 23andMe Holding Co., a leading human genetics and biotechnology company, announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court...
StubHub Files Registration Statement for Proposed Initial Public Offering
NEW YORK (PRNewswire) — StubHub Holdings, Inc., a leading global secondary ticketing marketplace for live events, announced that it has filed a registration statement on Form S-1 with the...
Auto Industry Waiting Out Tariff Uncertainty
The auto industry is waiting for some clarity before deciding how to respond to tariffs being suggested by the White House.
How Return-to-Office Mandates Are Affecting Workplace Civility
A study from SHRM finds return-to-office policies are gaining in popularity, but they're coming with a cost to workplace civility.
Consumer Confidence Falls to Four-Year Low, Survey Shows
The latest survey from the Conference Board shows consumer confidence in the U.S. economy has dropped to a four-year low.
