Finance

The state has established the Small Business Support Hubs program to bolster Michigan's small businesses.

The Consumer Price Index (CPI) rose 0.1% in May, matching Comerica’s forecast. CPI was up 4.0% from a year ago, down sharply from April’s 4.9% to the lowest since...

Economists are expecting a recession to hit later this year, but if and when it does, many of them expect it to be a mild one.

Recent bank failures like Silicon Valley Bank and Signature Bank should give small-business owners pause to wonder what effect will be felt by their businesses, experts say.

After raising key interest rates 10 times in 15 months, the Federal Reserve announced Wednesday it is pausing rate hikes, at least for now.

WASHINGTON – After more than three years, students who have accumulated student loan debt are going to have to begin repaying it in late August. Terms of the debt ceiling deal...

With so much reliance on the Internet, social media and electronic data storage, cybercriminals are finding ways to break in and steal data and money.

In the minutes of the May Federal Open Market Committee (FOMC) meeting, Fed policymakers were split about the need for more rate hikes this year. “Several” participants believed no...

As expected, the Federal Open Market Committee (FOMC) raised the federal funds target 0.25 percentage points to a range of 5.00% to 5.25% on May 3rd. The Fed’s policy...

The Producer Price Index for Final Demand rose 0.2% in April after a 0.4% decline in March, revised from a 0.5% drop in the prior release. Both consensus and Comerica...

NEW YORK — JPMorgan Chase announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal...

Inflation is slowing as last year’s surges in gasoline and food prices drop out of the year-ago comparison, but core inflation is still too high. The CPI rose 0.1% in...

An agreement between U-M Health and Sparrow Health System is designed to expand services to mid-Michigan residents.

As expected, the Federal Open Market Committee (FOMC) raised the fed funds target 0.25 percentage points to a range of 4.75%-to-5.00% on March 22. The FOMC softened their forward...

The collision of extreme fiscal and monetary policies has finally arrived, with the victims being investors in banks with narrowly focused deposit, lending, and securities portfolio strategies. To be sure,...

The consistent raises in its key interest rates from the Federal Reserve may not be having much of an effect on how people are spending their money. According to a...

In the wake of two of the largest bank failures in U.S. history, the Federal Reserve announced Wednesday it's raising its key interest rate another quarter-point.

BELLEVUE, Wash. – T-Mobile US announced that it has entered into a definitive agreement to acquire Ka’ena Corporation and its subsidiaries and brands: Mint Mobile, a successful direct-to-consumer prepaid...

Diamond Sports Group, which owns 19 networks operating under the “Bally Sports” banner, filed for Chapter 11 bankruptcy protection this week. Diamond, the largest owner of regional sports networks in...

Some economists predict the Federal Reserve will increase interest rates by a quarter-point at each of the next decision points.