Fed Keeping an Eye on Inflation Amid Tariff Hikes
Federal Reserve Chair Jerome Powell told the Economic Club of Chicago that the central bank has to keep in mind the effect sweeping tariffs being imposed by President Donald...
Retail Sales Rose 1.4% in March
U.S. shoppers, perhaps trying to load up on big-ticket items before the effects of President Donald Trump’s new tariffs kick in, stepped up their shopping last month.
But, according to...
Fewer Workers File First-Time Unemployment Claims
The number of American workers filing initial unemployment claims took another tumble last week.
Jobless claim applications fell to 215,000 for the week ending April 12, according to statistics released...
Inflation Falls Amid Up-Down Nature of Tariffs
President Donald Trump’s on-again-off-again implementation of tariffs on most goods coming into the U.S. doesn’t seem to be having an effect on the inflation rate – yet.
With the cost...
Fed Leaning Toward No Rate Cuts Amid Tariff Turmoil
It doesn’t appear as though Federal Reserve officials are going to lower interest rates any time soon.
The Fed is expected to put off any rate cuts in the face...
Claims For Unemployment Assistance Rise Slightly
The number of Americans filing for unemployment benefits rose slighty last week, for now brushing off any side effects from an ongoing trade war.
Jobless claim filings went up 223,000...
Prada Acquires Versace in $1.4 Billion Deal
MILAN -- Prada officials announced they have entered into a definitive agreement to acquire 100% of Versace from Capri Holdings in a deal reportedly worth nearly $1.4 billion.The cash...
Publishers Clearing House Files For Bankruptcy Protection
The commercials have been around seemingly forever.
A Pubishers Clearing House “Prize Patrol” team shows up at someone’s front door with a big check and makes a homeowner a rich...
Tariff Pause Leaves Auto Industry Awaiting Impact
Trump paused the reciprocal tariffs he imposed on nearly everything, but analysts say the auto industry is in wait-and-see mode.
Report Shows Positives, Challenges in Region’s Economy
The annual State of the Region report shows that, while the region's economic outlook is generally positive, there are challenges coming.
Expo Highlights Region’s Military Contributions
The three-day Michigan Defense Expo highlighted the region's importance to the U.S. defense industry.
Markets Tumble After Tariff Announcement
Trump administration officials, in talking about his plan for increasing tariffs the last few weeks, acknowledged there might be a “little pain,” at least in the short term.
They were...
U.S. Economy Adds 228,000 Jobs in March
The U.S. jobs market shrugged off the effects of federal government layoffs and the impact of new tariff policy and posted a better-than-expected gain last month.
The Labor Department announced...
DNA Testing Firm 23andMe Files for Bankruptcy
SAN FRANCISCO (Globe Newswire) — 23andMe Holding Co., a leading human genetics and biotechnology company, announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court...
Potential Fall Hazard Causes Segway to Issue Recall
Segway is recalling some 220,000 of its scooters sold across the U.S. due to a fall hazard that has resulted in user injuries ranging from bruises to broken bones.
The...
StubHub Files Registration Statement for Proposed Initial Public Offering
NEW YORK (PRNewswire) — StubHub Holdings, Inc., a leading global secondary ticketing marketplace for live events, announced that it has filed a registration statement on Form S-1 with the...
How Return-to-Office Mandates Are Affecting Workplace Civility
A study from SHRM finds return-to-office policies are gaining in popularity, but they're coming with a cost to workplace civility.
Deadline Looms for Additional ‘Reciprocal’ Tariffs
Any economic concerns over President Donald Trump’s on-again, off-again tariff policies could be exacerbated soon.
White House staffers are getting ready to impose new tariffs on a variety of imports...
PepsiCo Buying Poppi in $1.65 Billion Deal
PURCHASE, N.Y. and AUSTIN, Texas (PRNewswire) — PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated...
Forever 21 Closing U.S. Stores, Filing for Bankruptcy
Succumbing to competition from online retailers such as Amazon and Temu, officials at Forever 21 announced this week the company has filed for bankruptcy protection.
It’s the second time in...
