Industry

Expert: Business Leaders Facing a Number of Challenges

Labor attorney Olivia Hankinson said during a recent webinar that business leaders continue to face a variety of challenges.

Kellogg Company Announces Separation Of Two Businesses

Officials at Kellogg Company announced a plan separate its North American cereal and plant-based foods businesses. The North American company will remain headquartered in Battle Creek.

Expert: Fed Plans More Rate Hikes Through Year-End; Steeper Path for Interest Rates Increases...

• The Fed raised the federal funds rate 0.75 percentage points June 15, the largest hike since 1994.• FOMC members expect weaker growth and higher inflation than in their prior...

First-Time Unemployment Claims Drop, Remain Near Historic Lows

A week after announcing the U.S. economy had added 390,000 jobs in May, the Labor Department released statistics Thursday showing fewer Americans applied for first-time uemployment assistance last week. According...

Report: New Research Shows the Metaverse Could Grow Up to $5 Trillion in Value...

NEW YORK and LONDON and PARIS (Globe Newswire) —McKinsey & Company released its new report “Value creation in the metaverse,” which shows the metaverse may be too big to...

Study Forecasts 7.5% Growth for U.S. Back-to-School Retail Sales

While inflation is impacting retail sectors and households in a myriad of ways, continued consumer demand contributed to double-digit growth across nearly all retail sectors in May. This is...

GM Will Invest $81 Million to Build Cadillac CELESTIQ at Global Technical Center in...

General Motors announced an $81 million investment in its Global Technical Center to build the Cadillac CELESTIQ, the first production vehicle to be built at the center.

Fed Raises Rate .75%, Largest Increase in 28 Years

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

IRS Increases Mileage Rate for Remainder of 2022

With gas prices still climbing, the IRS announced an increase in the optional standard mileage rate for the final six months of 2022.

Women Making Progress in Corporate C-Suites and Board Rooms

Surveys show that women are making progress, albeit slowly, in gaining seats in corporate C-Suites and board rooms.

U.S. Economy Adds 390,000 Jobs in May; Unemployment Rate Remains at 3.6%

While the experts were expecting a slightly more modest gain, the U.S. economy added 390,000 jobs in May.

First-Time Unemployment Claims Jump, But Overall Claims Fall to 50-Year Low

The number of U.S. workers filing first-time claims for unemployment assistance climbed by some 27,000 last week, reaching the third-highest total of the year in the process. But, in a...

Cadillac Reveals Project GTP Hypercar

Cadillac this week revealed the Project GTP Hypercar that previews the third-generation prototype race car from the American luxury brand. In 2023, Cadillac will contest the IMSA WeatherTech SportsCar...

Study: Majority of Americans Optimistic About Their Financial Future

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...

Walmart Adding High-Tech Fulfillment Centers

JOLIET, Ill. (Business Wire) — Walmart has announced plans to build four new high-tech fulfillment centers around the country. The fulfillment centers will implement state-of-the-art automation technology that provides customers...

Pfizer Invests $120 million in Kalamazoo Site, Creates 250 Jobs to Boost Paxlovid Output

Pfizer announced Monday it will invest $120 million in its Kalamazoo, Mich., facility in a move that will create an additional 250 high-skilled jobs.

Expert: Discussions of Gender Becoming More Common in the Workplace

Many organizations are struggling to navigate the ever-changing landscape of gender in the workplace.

Buick Commits to All-Electric Portfolio by End of Decade

DETROIT — Buick is set to embark on a brand transformation that will fully electrify its lineup in North America, led by a new badge and brand identity. In support of...

First-Time Unemployment Claims Fall for 2nd Straight Week

Another week brought another drop in first-time claims for unemployment assistance. According to statistics released by the Labor Department Thursday, U.S. workers filed some 11,000 fewer initial unemployment claims last...

Expert: Housing Market’s Fever Breaking as Interest Rates Rise, But Big Price Drop Unlikely

• New single-family home sales dropped 17% in April as higher mortgage rates shocked the market.• Inventories of new homes are rising, though still pretty tight.• House price increases...