Finance

DETROIT – Invest Detroit Ventures, a Detroit-based venture capital fund, has named Lee Rawlings as its new Investment Director.  In his new role, Rawlings has responsibility for leading ID...

SEATTLE & SAN FRANCISCO (Business Wire) — Amazon and 1Life Healthcare, Inc. announced that Amazon completed its acquisition of One Medical. The deal is worth a reported $3.9 bilion. Amazon and...

Economists say inflation data provided the dominant economic story, unemployment is down and the Fed is expected to continue raising interest rates.

CEO Jay Farner announced he will retire in June after more than 27 years with Rocket Companies. Farner has been Rocket's CEO since 2017.

HICKSVILLE, N.Y. (PRNewswire) — New York Community Bancorp announced that its acquisition of Troy, Mich.-based Flagstar Bancorp, Inc. was completed Thursday, creating a regional banking franchise ranking among the...

The merger of New York Community Bancorp and Flagstar Bancorp creates an institution with 395 branches across nine states.

GRAND RAPIDS, MI – New Community Transformation Fund (NCTF), a Grand Rapids-based venture fund aimed at boosting businesses owned by people of color in West Michigan, has made an...

DALLAS – Comerica Incorporated announced that Joe Ursuy has been named to the new role of Executive Vice President, National Businesses for Energy, Renewables, and Waste. He will report...

Comerica Bank has promoted and expanded the roles of a pair of leaders from Michigan.

Fed Raises Key Interest Rate by .75%, the largest increase since 1994

CHICAGO (Globe Newswire) — More than half of Americans (55%) remain optimistic about their financial future even as inflation and fears of a recession weigh on their finances. The...

ST. PETERSBURG, Fla., and PITTSBURGH, Pa. (Globe Newswire) — Raymond James Financial announced it has completed the acquisition of TriState Capital Holdings, Inc. “The strategic and cultural fit between Raymond...

DEARBORN, Mich. & TAMPA, Fla. (Globe Newswire) — The Boards of Directors of DFCU Financial and First Citrus Bancorporation, Inc., the holding company for First Citrus Bank, announced the...

ST. PETERSBURG, Fla. (Globe Newswire) — Raymond James Financial, Inc. announced that it has reached an agreement to acquire SumRidge Partners, LLC, a top ranked, technology-driven fixed income market...

Gov. Gretchen Whitmer announced Monday that $400 refund checks would be going out to Michigan car owners this week.

There have been changes to tax laws that have happened, and some that are just being discussed. Either way, planning is the key to the best tax season, experts say.

CEED Lending, the lending arm of the Great Lakes Women's Business Council, has added a revolving loan fund designed to help small businesses in Oakland County.

Experts say that planning, being nimble and knowing how to optimize incentives are keys to a successful tax season.

A merger between Doeren Mayhew and Beene Garter moves the Michigan-based CPA firm closer to the top 50 in size in the U.S.

A late-December change to Michigan's Tax Act changes how flow-through companies can file their taxes.