Hurricanes Likely Affected Housing Starts
Housing data releases dominate this week’s relatively light economic calendar. Housing starts probably tumbled due to hurricanes Helene and Milton, while permit issuance, which is less affected by severe...
State’s Best Businesses Honored at Annual MichBusiness Event
Some of the best businesses in the state were honored for their efforts at making Michigan a better place to work and live at the 2024 Best of MichBusiness awards.
West Michigan Agencies Seek Bids for $75 Million Revitalization and Placemaking Program
Economic agencies on the west side of Michigan are partnering to look for projects to help take advantage of a regional grant opportunity.
U.S. Consumer Confidence Rises to Highest Level since April
Americans appear to be confident their income will continue to rise and the economy will keep improving.
US consumer confidence climbed to a seven-month high in early November, boosted by...
U.S. Inflation Rose 2.6% After Federal Reserve Cut Rates
The Federal Reserve cut interest rates in September for the first time in years, and the inflation rate responded with a slight uptick.
U.S. inflation rose 2.6% on an annual basis in...
Fed’s Rate Cut, Other Factors Impact Financial Picture
Financial markets will focus on important inflation and retail data releases this week. Headline and core Consumer Price Indices (CPI) likely rose in October at the same benign pace...
Applications for Jobless Benefits Fall to Lowest Level in 6 Months
The number of American workers applying for unemployment benefits fell by 4,000 last week, dropping to their lowest levels in six months.
According to statistics released by the Labor Department...
Cadillac Introduces All-Electric SUV
Cadillac is adding more choice for EV customers with the debut of the 2026 Cadillac VISTIQ, a luxury three-row SUV that delivers on the brand’s promise of performance, craftsmanship,...
Pancake Breakfast Kicks Off Thanksgiving Parade Season
The Parade Company used its 25th annual pancake breakfast to show off a new float and kick off the parade season.
Ceremony Honors Best & Brightest, Wellness Winners
Dozens of Metro Detroit's and Michigan's Best & Brightest Companies to Work For and Best & Brightest in Wellness were recently honored for their efforts.
Fed Makes Second Straight Cut to Interest Rates
Despite a precipitous drop from the 9.1% inflation rate from June 2022, inflation – and Americans’ frustrations over it -- has been a hot topic through the 2024 election...
GM Surges Past 300,000 EVs Sold in the U.S.
In October 2024, General Motors reached an important milestone, surpassing 300,000 electric vehicles sold in the U.S since 2016.
Across North America, the number rises to more than 370,000....
Claims for Unemployment Rise, Though Just Slightly
The number of Americans applying for jobless aid remains historically low, though they rose slightly last week.
The Labor Department reported Thursday that some 221,000 workers filed jobless claims for...
Fed ‘Not Confident Infation Will Slow, But Cuts Rate Anyway
As virtually assured, the Fed lowered the federal funds target a quarter percent to a range of 4.50% to 4.75% at the November 7 decision, two days after the...
U.S. Economy Shows 2.8% Third-Quarter Growth
American consumers don’t seem to be bothered that much by interest rates that are still high.
With a boost from those same consumers, the U.S. economy grew at a robust...
Emagine Loses CEO to Manufacturing Industry
Emagine Entertainment Inc. CEO Anthony LaVerde has left the company, having taken a position as chief strategy officer for Detroit Manufacturing Systems. The company said in a statement that...
Fed’s Favorite Inflation Gauge Falls to Lowest Level Since 2021
Federal government officials said Thursday that the inflation gauge watched most closely by the Federal Reserve has now fallen nearly to the levels it was at pre-pandemic.
The Commerce Department...
Fewer Workers File for Unemployment Assistance
Fewer Americans filed for unemployment benefits last week and layoffs remained at historically low levels despite elevated interest rates.
According to statistics released Thursday by the Labor Department, jobless claim...
Cadillac Confirms First Electric SUV to Earn V-Series Badge
Cadillac has confirmed the first electric SUV to earn the V-Series badge: the 2026 LYRIQ-V. Launching early next year, Cadillac said LYRIQ-V “pushes the performance pedigree of the V-Series sub-brand...
Fashion Show Helps Nonprofit Take ‘STEPS’ to Success
A sold-out fundraiser fuels STEP's programs to help adults with disabilities.
