Industry

Canada Lifting COVID Travel, Border Restrictions

Travelers crossing the U.S.-Canadian border are about to find the journey a little easier. Canadian Prime Minister Justin Trudeau’s administration is ending its mandatory vaccination, testing and quarantine requirements for...

New Rule Would Add Transparency to Airline Fees

WASHINGTON – Airline passengers are going to get a break from paying so-called “hidden” fees – such as baggage and change fees – under an initiative announced by President Joe...

First-Time Unemployment Claims Drop Below 200,000 for First Time Since May

The number of U.S. workers filing initial claims for unemployment assistance remained consistently above the 200,000 mark for the last 19 weeks. Until now. According to statistics released by the Labor...

Experts: Fed’s Rate Hike ‘Sharply Downgrades’ Economic Growth Projections

The Fed raised the federal funds rate target by 0.75 percentage points to a range of 3.00%-to-3.25% and signaled another 1.25 percentage points in rate hikes is likely by...

Chevy Launches 2024 SILVERADO HD With ‘More Power,’ ‘Smarter Technology’

DETROIT – Chevrolet brings everything heavy-duty truck customers want and need with the 2024 Silverado HD — with no compromises in capability and comfort. The 2024 Silverado HD arrives with powertrain...

GM Investing $760 Million in Toledo Propulsion Plant for EV Drive Unit Production

GM will invest some $760 million in its Toledo facility for parts production in its electric truck fleet.

Expert: After Another Big Rate Hike, Fed Set to Push Economy into Recession to...

Fed's latest rate hike matched the expectations of economists as the fight against record inflation continues.

GM Delays Bringing White-Collar Workers Back to the Office After Pushback

General Motors is bringing its white-collar workers back to the office three days a week starting in the first quarter of 2023.

Chinese Firm Investing $3.8 Billion in Michigan EV Battery Plant

Big Rapids Township is about to become a big player in the electric vehicle battery market. California-based Gotion Inc., the U.S. subsidiary of Guoxuan High-Tech. Co., is planning a large...

First-Time Unemployment Claims Rise for First Time in 5 Weeks

Maybe the adage should be, “What goes down must come up,” at least as it pertains to the weekly jobs report. After five weeks’ worth of modest declines, first-time claims...

Experts: Inflation Components Rising Faster Than Expectations

The Consumer Price Index (CPI) rose 0.1% in August, above market expectations for a decline of 0.1%. On an annual basis, CPI inflation eased to 8.3% from 8.5% in...

SBA Announces Inaugural Small Business Cyber Summit

WASHINGTON (Globe Newswire) — Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, announced that the agency will host a free, virtual National Cyber Summit on Oct. 26....

GM, EDF Announce Recommended Principles on EPA Emissions Standards for 2027 and Beyond

WASHINGTON, D.C. — General Motors and Environmental Defense Fund today announced a set of recommendations that seek to accelerate a zero-emissions, all-electric future for passenger vehicles in model year 2027...

Fed Hikes Interest Rate 0.75% in Ongoing Battle With Inflation

The Federal Reserve on Wednesday raised its key interest rate 0.75% for a third straight time. It's the fifth rate hike of 2022, with a signal that more are coming.

Hertz, GM Announce Partnership for Major EV Expansion

General Motors and Hertz have announced plans for Hertz to order up to 175,000 electric vehicles from GM over the next five years.

Report: Michigan Seniors Want More In-Home Care But Funding is Needed

LANSING (Capital News Service) — Funding for in-home care and other state senior services is not increasing proportionally to the number of seniors in Michigan, according to Melissa Seifert,...

Ford Expects Earnings Between $11.5 and $12.5 Billion, Despite Supply Shortages

DEARBORN, Mich. – Ford again affirmed its expectation for full-year 2022 adjusted earnings before interest and taxes of between $11.5 billion to $12.5 billion, despite limits on availability of certain...

GM Investing $491 Million in Indiana to Support EV Production

DETROIT — General Motors announced today it will invest $491 million at its Marion, Indiana metal stamping operations to prepare the facility to produce a variety of steel and aluminum...

Inflation Report has Negative Impact on Wall Street

This week’s inflation report showed that inflation isn’t slowing as much as economists had thought, and the stock market didn’t react well. U.S. stocks fell Tuesday as the inflation report...

Study: Younger Americans More Optimistic About Financial Future

CHICAGO (Globe Newsire) — The youngest generations continue to be more optimistic about their financial future in the next 12 months than their older counterparts. The latest TransUnion (NYSE:...
Click to access the login or register cheese