‘Highly Engaged Team’ Key to OxBlue’s Success
A successful onboarding process and keeping staffers 'highly engaged' has led to success for tech firm OxBlue.
Finding the Right Talent is Key to Business Growth
Executive says bringing on employees who properly fit the team's mission and have the talent to make it happen is a key component in business success.
Inflation Gauge Slows Without Tariff Impact – So Far
A key gauge showed inflation slowing slightly ahead of potential impacts from U.S. tariff policy.
Stellantis Taps Antonio Filosa as New CEO
Amsterdam — Stellantis N.V. announced that its Board of Directors has unanimously selected Antonio Filosa as its new Chief Executive Officer following a thorough search process of internal and external...
Consumer Confidence Rises After 5 Months of Decline
It’s been awhile, but Americans finally showed a little confidence in the U.S. economy.
After five months of decline, Americans’ views of the economy improved in May. The negative streak...
Fed Unlikely to Cut Rates Despite Cooler Inflation
No material revisions are expected for either real GDP or the GDP Price Index when the second estimate for the first quarter of 2025 is published.
Growth of both personal...
GM to Invest $888 Million in Propulsion Plant
BUFFALO, N.Y. – General Motors announced plans to invest $888 million in its Tonawanda Propulsion plant to support the production of the sixth generation of GM’s V-8 engines, used in...
First-Time Unemployment Claims On the Rise
More Americans filed first-time claims for unemployment benefits last week.
According to statistics released by the Labor Department, seasonally adjusted initial unemployment claims were up 14,000 for the week ending...
GM, LG Energy Solution to Pioneer LMR Battery Cell Technology
General Motors and LG Energy Solution will commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs, in a new battery technology breakthrough. This...
First-Time Unemployment Claims Drop Slightly
If they’re concerned about the confusion surrounding U.S. trade policy, business leaders aren’t showing it much yet.
According to statistics released by the Labor Department Thursday, first-time applications for unemployment...
Businesses Absorbing First Wave of Tariff Increases
The economic calendar was light this week.
Existing home sales likely rose in April despite lower consumer confidence. However, new home sales likely took a breather following an outsized increase...
Southwest Airlines Shifts Policy on Portable Charger Use
Concerned over a growing number of lithium battery fires has Southwest Airlines revising its policy around passengers’ use of portable chargers.
The airline announced that passengers will have to keep...
Levi Strauss Sells Dockers to Authentic Brands Group For Up to $391 Million
SAN FRANCISCO (Business Wire) -- Levi Strauss & Co. and Authentic Brands Group announced that they have entered into a definitive agreement for LS&Co. to sell Dockers to Authentic...
Target Sales Fall in 1st Quarter, Could Drop For the Rest of 2025
Officials at Target were already expecting less-than-stellar news about first-quarter sales, but apparently it was worse than anticipated.
Target announced earlier this week that sales fell more than had been...
Cyber Summit Showcases Military, Tech Efforts to Protect Systems
The NDIA Michigan Chapter’s 10th Annual Cyber-Physical Systems Security Summit brought together experts from around the military, the automotive and business communities to talk meeting the challenges of cyber security.
Birthday Bash Celebrates U.S. Army’s 250th
A birthday celebration pays tribute to the U.S. Army's long and storied history, and honors Michigan's role in its success.
Fed Says Interest Rates Could Stay Higher for Longer
Federal Reserve officials were encouraged to see the 2.3% inflation rate in April over last year, but apparently not enough to consider lowering the Fed’s prime interest rate just...
Retail Sales Rose Slightly in April
U.S. shoppers apparently adopted an avoid-the-rush attitude in terms of their spending in March.
Trying to beat the expected price hikes that could be brought on by U.S. tariff policy,...
Microsoft Laying Off 6,000+ Employees
Microsoft officials said this week the company is cutting 3% of its global workforce. The force reduction, which equates to more than 6,000 jobs, is part of an effort...
Egg Prices Drop For First Time in Months
The cost of a dozen eggs – a hotly debated topic during the 2024 election cycle – rose to record highs earlier this year.
But, according to statistics released by...