Gustafson Appointed VP, COO of Ilitch Sports + Entertainment
With current CEO Chris McGowan leaving, Ryan Gustafson has been appointed vice president and COO of Ilitch Sports + Entertainment.
Ford Expects $3 Billion in EV Losses as it Rolls Out New Financial Reporting...
NEW YORK – Ford Motor Co. expects to lose some $3 billion on its electric vehicle business in 2023, a loss for which it figures to more than make up...
Sixth Generation Camaro Bows Out, Chevy Announces Final Collector’s Edition
DETROIT – After nine strong model years in the market, with hundreds of thousands sold, the sixth generation Chevrolet Camaro will retire at the conclusion of model year 2024. The...
Expert: Bank Investors the Victims in Collision of Extreme Fiscal, Monetary Policies
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,...
Existing-Home Sales Surged in February, Ending 12-Month Streak of Declines
WASHINGTON — Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of REALTORS. Month-over-month sales rose...
Data Shows Credit Card Debt at Record High as Fed Raises Rates
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...
Cadillac Launches Year-Long Celebration Commemorating 20 Years of V-Series Performance
As three Cadillac V-Series.R hybrid race cars prepare to start the IMSA WeatherTech SportsCar Championship and FIA World Endurance Championship races at Sebring this weekend, Cadillac is also kicking...
In Wake of Another Fed Rate Hike, Unemployment Applications Fall
Despite yet another interest rate hike by the Federal Reserve, the Labor Department reported that U.S. applications for unemployment fell again last week.
Expert: Understanding the Stakeholder is Key to Communication
A connection coach says finding out what reaches a stakeholder can be the key to successful communication.
Amid Banking Turmoil, Fed Raises Interest Rates Another Quarter-Point
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.
GM, Stellantis Among Investors in Holographic Display Startup
MILTON KEYNES, UK — Envisics, pioneer and global leader in dynamic holographic technology announced receiving over $50 million as part of its Series C strategic funding round.
The round was...
Facebook Parent Meta Cutting Another 10,000 Jobs
For the second time in less than six months, Facebook parent company Meta is announcing a round of layoffs.
After cutting 11,000 jobs back in November, Meta has announced it...
Unemployment Claims Drop; Fed Considers Next Steps
After applications for unemployment assistance rose last week by more than they had in the last five months, requests for help dropped last week.
According to statistics released by the...
U.S. Economy Exceeds Expectations, Adds 311,000 Jobs in February
Chair Powell’s semiannual testimony before Congress and labor market data releases dominated the economic calendar this week.Powell noted recent data had reversed the softening economic trends observed in the...
T-Mobile Acquiring Mint as Part of $1.35 Billion Deal
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...
Bally Sports Parent Company Files for Chapter 11 Bankruptcy Protection
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...
State Senate OKs Bills Repealing Right-to-Work Law, Restore Prevailing Wage
Voting along party lines, the Michigan Senate Tuesday passed legislation that would repeal the state's right-to-work law and restore a prevailing wage.
Report: Michigan a Top State for Electric Vehicle, Battery Investments
A report from the Environmental Defense Fund shows Michigan is among the top states in the country for electric vehicle and battery investment.
GM Offering Early Separation as Part of Cost-Cutting Moves
Trying to hit $2 billion in cost savings, General Motors is offering voluntary buyouts to most of its salaried workers, according to multiple reports Thursday.
The majority of the automaker’s...
Unemployment Applications Rise by Most in Five Months
The number of Americans seeking unemployment benefits jumped last week more than it had in five months.
Applications for jobless claims rose by 21,000 in the week ending March 4,...