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Ford’s First-Quarter Profits Down 28 Percent

Ford Motor Co. said Wednesday it made $1.3 billion in net income in the first quarter of 2024, a 28% decrease year-over-year. That profit, the automaker said, came on $42.8...

AARP Study: Older Americans Don’t Think They’ll Be Able to Retire

A new AARP survey finds that 20% of adults ages 50+ have no retirement savings, and more than half (61%) are worried they will not have enough money to support them...

U.S. Growth Slowed Sharply Last Quarter to 1.6% Pace

The consistent hikes in interest rates by the Federal Reserve – 11 increases since May 2022 – and the resulting higher-than-normal rates may be having an effect on the...

Unemployment Claims Drop to Lowest Level in 9 Weeks

The number of Americans filing for unemployment benefits has been on something of a roller-coaster lately. This week, it was down. Fewer Americans applied for unemployment benefits last week, according to...

Southwest Airlines Dropping Four Airports, Cuts Hiring

Southwest Airlines is cutting operations at four airports after losing $231 million in the first quarter. The Dallas-based airline on Thursday reported lower expectations for revenue to be down as much...

Labor Department Rule Would Grant Overtime Pay to Salaried Workers

A final rule announced by the Labor Department would expand overtime pay for millions of salaried workers.

GM’s First Quarter Topped Profit Expectations

General Motors has reported a first-quarter net income of $3 billion on revenue of $43 billion. The world’s largest automaker increased its guidance for the year of adjusted earnings to...

FTC Announces Rule Banning Noncompetes

The Federal Trade Commission wants to ban noncompete clauses for American workers, and on Tuesday passed a final rule that does just that.

SkillTree Strategic Consulting Uses Gaming Concept to Help Businesses

Anyone familiar with the Skill Tree gaming concept knows the skill tree is a graphic representation of a character’s development in the game. The tree allows each character to...

Stubborn Inflation Rate Could Push Rate Cuts to Later in the Year

The hope for interest-rate cuts from the Federal Reserve early this year appear to be fading. Fed Chair Jerome Powell is indicating that an inflation rate that stays stubbornly high...

U.S. Pledges $6.6 Billion for Taiwan Chip Manufacturer

The Biden administration has indicated on several occasions that bringing semiconductor production to the U.S. is a priority. On Monday, the administration put its money where it’s push is. The Biden...

Retail Sales Make Strong March Climb

Whatever anyone else’s reaction to the state of the U.S. economy might be, Americans seem to be willing to spend. According to statistics released by the U.S. Commerce Department Monday,...

Gas Prices, Auto Sales Likely Impacted Retail Spending

Retail sales growth likely slowed in March as gasoline prices rose more slowly and new car and truck sales pulled back from February’s level. Core retail sales excluding gasoline stations...

First-Time Unemployment Claims Remained Flat Last Week

It was déjà vu in the U.S. labor market last week. According to statistics released by the U.S. Department of Labor Thursday, first-time claims for unemployment benefits remained flat. The weekly...

GM Energy Rolls Out New Product Suite

DETROIT – As EV technology continues to evolve, GM is working toward elevating the overall ownership experience by introducing new ways for customers to unlock additional value and gain access...

GM Moving HQ Out of RenCen into New Hudson’s Site Next Year

General Motors announced Monday it would move its global headquarters to the new Hudson's site being built by Bedrock. The move is expected in 2025.

AI Provides Real Benefits, But Comes With Some Pitfalls

Not that long ago a "distant-future" possibility, AI is becoming more and more of a presence in daily lives.

Training, Team Planning Can Be Keys to Surviving Cyber Attacks

Experts say the more connected the world becomes, the more important it is to be ready to deal with hackers.

Pay Benchmarking a Key to Retaining, Attracting Talent

Experts say knowing the numbers other companies are offering is critical to keeping up with the competition.

NFL Draft Expected to Have Huge Economic Impact for Detroit

Detroit is getting set to show off while hosting the three-day NFL Draft.
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