Inflation Picked Up Slightly in December
Inflation news is either good or disappointing, depending on how you look at it.
As prices for gas, eggs and used cars increased in December, the consumer price index rose...
Retail Group Says ‘Consumers Came to Spend’ for Holidays
WASHINGTON – Data released today by the U.S. Census Bureau shows that core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a...
Consumer Bureau Files Suit Against Capital One
WASHINGTON, D.C. – The Consumer Financial Protection Bureau is suing Capital One and its parent holding company, Capital One Financial Corp., for allegedly “cheating millions of consumers out of more...
Fed Policymakers See ‘Careful Approach’ to Rate Decisions
Inflation reports dominated this week’s economic calendar. Driven by high energy prices, the Consumer Price Index (CPI) probably accelerated on a monthly and annual basis in December, while core...
More Americans File Unemployment Claims
In December, the U.S. economy created an unexpected number of jobs and saw the unemployment rate fall.
But last week, the number of Americans filing initial claims for unemployment benefits...
Fabric-Crafts Chain Joann Files for Bankruptcy
HUDSON, Ohio – Sewing and fabric chain Joann announced that it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to facilitate...
Leading Groups to Culture Success Fuels DEI Expert’s Soul
Sandy Harvey grew up in the kind of environment that shapes the way she helps businesses foster their culture.
Fed Official Says Rate Cuts Could Slow in 2025
With uncertainty about the U.S. economy lingering, at least one Federal Reserve official is signalling the Fed’s rate cuts may need to be slowed down.
Susan Collins, the Federal Reserve...
Job Openings Make Surprising Rise in November
The labor market may be cooling, but that doesn’t mean companies aren’t still looking for workers to fill jobs.
The Labor Department reported Tuesday that job openings rose to 8.1...
GM Design Chief Retiring After 42 Years
General Motors announced that Michael Simcoe, senior vice president, GM Global Design, will retire after a 42-year career with the company, effective July 1.
Simcoe will be succeeded by Bryan...
Busy Week Brings Variety of Economic Data Releases
Markets faced a busy week of important economic data releases, led by the monthly jobs report. Employers likely added jobs at a slower pace in December after increasing headcount...
U.S. Unemployment Claims Drop to Lowest Level in Nearly a Year
Anyone wondering about the health of the U.S. labor market may not have to look any farther than the number of U.S. applications for unemployment benefits.
That number dropped to...
TWG Motorsports, GM name Russ O’Blenes to Lead Cadillac Formula 1 Power Units Venture
TWG Motorsports and General Motors today announced the formation of GM Performance Power Units LLC, a new company that will put Cadillac on the path to being a “full...
Hybrid, Remote Work Schedules Present Challenges to Retail Businesses
The debate over remote or back-to-the-office work polices has changed how businesses schedule their workload and structure employee roles.
Report Provides In-Depth Look at Regional Talent Pool, Business Outlook
A report from The Right Place offers a roadmap for employers adapting to evolving talent trends, summarizing key strengths and areas for improvement.
GM, Ford Logged Sales Gains in ’24; Stellantis Fell Off
Two of Detroit's Big Three automakers -- GM and Ford -- had good sales years in 2024, while Stellantis struggled.
Retail Sales See Healthy Hike in November
They say you can make statistics say anything, and data released by the Commerce Department are saying the U.S, economy got something of a boost as consumers move into...
FTC Announces Ban on Junk Ticket, Hotel Fees
The Federal Trade Commission announced a final Junk Fees Rule to prohibit bait-and-switch pricing and other tactics used to hide total prices and bury junk fees in the live-event ticketing and...
Unemployment Applications Fall Following Rapid Rise
What goes up must come down, and that’s what happened in the unemployment arena last week.
After soaring to a two-month high the previous week, the Labor Department reported Thursday...
Mustang Mach-E, F-150 Earn IIHS Top Safety Awards
DEARBORN, Mich. – The 2024 Ford Mustang Mach-E and 2024-25 F-150 earned top safety awards from the Insurance Institute for Highway Safety.
The 2024 Mustang Mach-E received a TOP SAFETY...
