Fed Policymakers See ‘Careful Approach’ to Rate Decisions
Inflation reports dominated this week’s economic calendar. Driven by high energy prices, the Consumer Price Index (CPI) probably accelerated on a monthly and annual basis in December, while core...
More Americans File Unemployment Claims
In December, the U.S. economy created an unexpected number of jobs and saw the unemployment rate fall.
But last week, the number of Americans filing initial claims for unemployment benefits...
Policy Changes Expected to Influence U.S. Economy
With the election over, the policies of the incoming administration are expected to heavily influence the U.S. economy in 2025.
Fed Official Says Rate Cuts Could Slow in 2025
With uncertainty about the U.S. economy lingering, at least one Federal Reserve official is signalling the Fed’s rate cuts may need to be slowed down.
Susan Collins, the Federal Reserve...
Job Openings Make Surprising Rise in November
The labor market may be cooling, but that doesn’t mean companies aren’t still looking for workers to fill jobs.
The Labor Department reported Tuesday that job openings rose to 8.1...
GM Design Chief Retiring After 42 Years
General Motors announced that Michael Simcoe, senior vice president, GM Global Design, will retire after a 42-year career with the company, effective July 1.
Simcoe will be succeeded by Bryan...
Busy Week Brings Variety of Economic Data Releases
Markets faced a busy week of important economic data releases, led by the monthly jobs report. Employers likely added jobs at a slower pace in December after increasing headcount...
U.S. Unemployment Claims Drop to Lowest Level in Nearly a Year
Anyone wondering about the health of the U.S. labor market may not have to look any farther than the number of U.S. applications for unemployment benefits.
That number dropped to...
Hybrid, Remote Work Schedules Present Challenges to Retail Businesses
The debate over remote or back-to-the-office work polices has changed how businesses schedule their workload and structure employee roles.
Report Provides In-Depth Look at Regional Talent Pool, Business Outlook
A report from The Right Place offers a roadmap for employers adapting to evolving talent trends, summarizing key strengths and areas for improvement.
GM, Ford Logged Sales Gains in ’24; Stellantis Fell Off
Two of Detroit's Big Three automakers -- GM and Ford -- had good sales years in 2024, while Stellantis struggled.
Retail Sales See Healthy Hike in November
They say you can make statistics say anything, and data released by the Commerce Department are saying the U.S, economy got something of a boost as consumers move into...
FTC Announces Ban on Junk Ticket, Hotel Fees
The Federal Trade Commission announced a final Junk Fees Rule to prohibit bait-and-switch pricing and other tactics used to hide total prices and bury junk fees in the live-event ticketing and...
Unemployment Applications Fall Following Rapid Rise
What goes up must come down, and that’s what happened in the unemployment arena last week.
After soaring to a two-month high the previous week, the Labor Department reported Thursday...
Mustang Mach-E, F-150 Earn IIHS Top Safety Awards
DEARBORN, Mich. – The 2024 Ford Mustang Mach-E and 2024-25 F-150 earned top safety awards from the Insurance Institute for Highway Safety.
The 2024 Mustang Mach-E received a TOP SAFETY...
Consumer Spending, Business Activity Picked Up
Comerica Economics forecasts for the Fed to cut the federal funds rate a quarter percent to a range of 4.25% to 4.50% at this week’s decision. The FOMC will...
Fed Cuts Key Rate Again, Eyes Fewer Cuts in 2025
The Federal Reserve cut its key interest rate another quarter-point Wednesday, but indicated there may be fewer cuts than anticipated in 2025.
‘Winning is a Mindset,’ Staffing Expert Says
Staffing expert believes that in business, as in football, winning has to be the mainstay of a team's mindset.
ChargePoint, GM Team to Install Up To 500 Electric Vehicle Fast Charging Ports
GM and ChargePoint have plans to help install some 500 ultra-fast charging ports for EVs around the country.
November Inflation Rate Climbs Slightly
Anyone looking for reasons U.S. inflation rose slightly last month might look at the prices of used cars, hotel rooms and groceries.,
According to figures released by the Labor Department,...
