Industry

GM to Invest $50 Million in Nonprofit Programs That Increase Economic Opportunity

DETROIT – General Motors today announced it will invest $50 million into Detroit-based nonprofit programs that expand access to education and employment opportunities and strengthen city neighborhoods. The initiative, launched...

SBA Hands Out $5.4 Million to Support Inclusive Entrepreneurship in the Innovation Ecosystem

WASHINGTON (GLOBE NEWSWIRE) — U.S. Small Business Administration Administrator Isabella Casillas Guzman announced 84 winners for the Growth Accelerator Fund Competition (GAFC) and eight winners for the Small Business...

Warner Music Announces Sale of 2.3 Million Shares of Common Stock by Affiliates of...

NEW YORK (Globe Newswire) — Warner Music Group Corp. announced the sale of an aggregate of 2,340,000 shares of the company’s common stock by affiliates of Access Industries, LLC to...

Experts: Economy ‘Normalizing’ After COVID Shock, Still Has Long Way to Go

Economists say that, while the U.S. economy is normalizing after the shock of COVID, there are still at least three forces that remain to be fully absorbed.

Even in a Pandemic, Military Culture Gives Veterans Advantages in the Job Market

Especially in the pandemic era, businesses are finding that veterans are among the most motivated and work-ready people in the labor pool.

Outdoor Recreation Drives Michigan Tourism Recovery

After two summers plagued by fears of the once-in-a-lifetime pandemic, local tourism officials say outdoor recreation is bringing Michigan tourism back.

Experts: Recruiting was a challenge before COVID, and is likely to remain one for...

Talent consultants say recruiting has been a challenge since well before the pandemic, but COVID-19 is making it even more challenging.

Study: 333 Years Needed for MBEs to Achieve Revenue Equity

Neeraj Shah wasn’t at all surprised by the fact that Minority Business Enterprises are lagging behind white-owned businesses in terms of revenue equity. He was surprised, though, at how long...

First-Time Jobless Claims Climb After Setting Pandemic-Era Low

The pandemic-era low in first-time unemployment claims (312,000) set last week didn’t last long. The Labor Department Thursday released statistics showing first-time claims for unemployment assistance rose to 332,000 in...

SBA Enhances COVID Economic Injury Disaster Loan Program to Aid Small Businesses Facing Challenges...

WASHINGTON (Globe Newswire) — Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, a federal disaster...

Experts: Manufacturing Output Up but Automakers Still Constrained

• Industrial Production increased by 0.4 percent in August.• U.S. Import Prices declined by 0.3 percent in August. U.S. industrial production increased by 0.4 percent in August, driven by utilities. Utility output was up...

GM Defense Gets $36.4 Million Contract to Build Heavy-Duty Surburbans for U.S. Government

WASHINGTON, D.C. — The U.S. Department of State has awarded GM Defense LLC, a subsidiary of General Motors, a contract to develop and validate next generation Large Support Utility Commercial...

Mastercard Invests $5 Million in Historically Black Colleges and Universities to Drive Innovation and...

Mastercard announced this week grants totaling $5 million to two Historically Black Colleges and Universities, Morehouse College and Spelman College, to develop the Center for Black Entrepreneurship. The CBE will...

Raising Salaries, Adding More Benefits Some of the Means Companies Are Using to Keep,...

Employers across the country are navigating a dramatically altered labor market as the nation rebounds from the COVID-19 pandemic.

Experts: In August, Less-Bad Inflation Numbers and Improved Business Confidence

Experts think the Consumer Price Index crested over the summer, and now the economy waits to see if a first wave of inflation, caused by supply issues, is followed by a second wave.

Debate Rages on Legality of Biden’s Vaccine Mandate as OSHA Works Out Enforcement Options

Supporters are OK with President Biden's vaccine mandate, while critics threaten to sue. Meanwhile, everyone is waiting on OSHA's order.

Economic Analysts Say Ida’s Devastation Having Significant Impact on Refineries, Plastics Industries

Some estimates had a more modest analysis of the economic damage done by Hurricane Ida. Now, analysts are revising that upward.

Biden’s COVID-19 Plan Includes Mandatory Vaccinations for Large Businesses, Health Workers

President Joe Biden laid out his new direction for battling COVID-19, and it includes having large businesses require vaccinations, among other steps.

Experts: COVID Still Impacting Economic Outlook

The U.S. economy remains buffeted by four sets of forces inter-related through the global pandemic. First, government policy retains extraordinary leverage. Second, global demand is reflating. Third, global supply chains remain stressed. Fourth is the normalization of...

First-Time Unemployment Claims Fall to Pandemic-Era Low

The COVID-19 pandemic set another record of sorts this week. But this time no one probably minds. First-time claims for unemployment assistance dropped to 310,000 for the week ending Sept....
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