Initial Unemployment Claims Jump to Highest Level in Two Months
It’s been awhile.
Applications for unemployment benefits shot to their highest level in two months. Still, they remain low when considered in a historical context.
Jobless claim applications climbed to 242,000...
EVgo, GM Surpass 2,000 Public Fast-Charging Stalls in the U.S.
LOS ANGELES –– EVgo Inc., one of the nation’s largest providers of public fast charging infrastructure for electric vehicles, and General Motors have surpassed 2,000 public fast charging stalls opened...
Market Focusing on Inflation Ahead of Potential Rate Cut
Following last month’s solid jobs report, financial markets will focus on inflation releases this week, the last major data ahead of the Fed’s December interest rate decision. The headline...
GM Selling Stake in Lansing Battery Cell Plant to LG Energy Solution
General Motors has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Mich., to its joint venture partner LG...
Right Place Forecast Points to Strong Regional Economy in ’25
The Right Place released its 2025 Economic Forecast, and officials say the numbers are all pointing in a positive direction.
GM Refocuses Autonomous Driving Development on Personal Vehicles
GM will no longer fund Cruise’s robotaxi development work and will instead focus its autonomous driving strategy on personal vehicles.
Nessel Warns Consumers About Holiday Scams Using Artificial Intelligence
Michigan Attorney General Dana Nessel is warning consumers about potential fundraising scams using AI during the holiday season.
Busy Cyber Monday Caps Successful Thanksgiving Shopping Week
A busy Cyber Monday highlighted a busy “Cyber Week” over Thanksgiving for American shoppers.
U.S. shoppers spent $13.3 billion online on Cyber Monday, according to Adobe Inc., Bloomberg reported. That’s...
Stellantis Starts Process of Replacing Tavares as CEO
It didn’t take long for Stellantis to start the process of looking for a new CEO.
On Monday, Stellantis announced the formation of an interim executive committee charged with finding...
Economic Forecast Lays Out Plausible Scenario of Solid Growth, Slower Fed Rate Cuts
The Republican sweep of the 2024 elections is set to transform the economic outlook. President-elect Trump will take office with ambitious economic plans: Roll back regulation, cut taxes, raise...
Fed Chair Hopes Politics Don’t Affect Interest Rate Decisions
President-elect Donald Trump has been loud-and-clear about his complaints about the way the Federal Reserve does business, including insisting the president should “have a say” in Fed policies.
But on...
U.S. Applications for Jobless Benefits Up, But Remain at Low Levels
It was a good news-bad news week in the unemployment assistance arena.
On one hand, the number of Americans applying for unemployment benefits rose a bit. On the other hand,...
Duggan Seeks Governor’s Office as Independent
Longtime Democrat Mike Duggan announced he's launching a campaign for Michigan governor as an independent.
Business Leaders For Michigan Benchmarking Report Shows Progress, Action Needed
Michigan has made strides in terms of economic prosperity, but a report from Business Leaders for Michigan shows there's still work to do.
Bedrock, GM Share Vision For Renaissance Center, Detroit Riverfront
Bedrock and General Motors are partnering on a concept to redevelop the Renaissance Center and "revitalize" 27 acres of the Detroit riverfront.
America’s Thanksgiving Parade Clown Show is a Family Affair
More than 200 Distinguished Clowns walked the route for America's Thanksgiving Parade Thursday, many of them joined by family members on the route and in the grandstand.
Fed Could Slow Speed of Interest Rate Cuts
Not long ago, when inflation continued to cool and the job market was slowing down, it looked like the Federal Reserve was getting set for a series of interest...
Comcast to Spin Off Cable Networks
Comcast Corporation announced its intent to create a new publicly traded company comprised of a strong portfolio of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!,...
Spirit Airlines Files for Bankruptcy Protection
Spirit Airlines announced earlier this week it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and...
Private Equity Firm Blackstone Acquires Jersey Mike’s
MANASQUAN, N.J. AND NEW YORK – Jersey Mike’s Subs, a leading franchisor of fast-casual submarine sandwich stores, announced it has reached an agreement whereby private equity funds managed by...
