Microsoft Laying Off 6,000+ Employees
Microsoft officials said this week the company is cutting 3% of its global workforce. The force reduction, which equates to more than 6,000 jobs, is part of an effort...
Unemployment Applications Hold Steady
First-time applications for jobless benefits remained steady in the face of the on-again, off-again nature of changing U.S. tariff policy.
According to the Labor Department, the number of Americans applying...
Inflation Eases Despite Tariff Turmoil
Inflation cooled slightly over last year despite fears concerning U.S. tariff policies.
CEO Knew ‘It Was Time’ and Stepped Onto the Path to Retirement
Mary Starr recognized the moment and made the leap, forging a new path into retirement.
Fed Holds Steady on Key Interest Rate
Questions still surround the impact President Donald Trump’s policy on tariffs will have on the U.S. economy, and Trump himself has been pressuring the Federal Reserve to cut interest...
WeightWatchers Files for Bankruptcy Protection
NEW YORK (Globe Newswire) – WW International, Inc., the global leader in science-backed weight management, and certain of its affiliates announced it will implement a financial reorganization transaction that...
U-M President Santa Ono Leaving to Lead University of Florida
Seven months after signing a lucrative extension to his original contract, University of Michigan President Santa Ono has announced he’s leaving to take a similar position at the University...
UPS Cutting 20,000 Jobs, Closing More than 70 Facilities
When a contract between UPS and Amazon came up earlier this year. UPS officials decided it was time to reassess the partnership and the parties reached an agreement that...
U.S. Economy Shrinks for First Time in 3 Years
The U.S. economy did something it hadn’t done in three years in the first quarter: Shrink.
The U.S. economy shrank at a 0.3% annual pace from January through March, The...
Real GDP Contracted Slightly in the First Quarter
Real GDP contracted at a 0.3% annualized pace in the first quarter, down from 2.4% growth in the fourth quarter of 2024. It was the first quarter of contraction...
Experts Say the Region Can Become an Innovation Economy Leader
With its education advantages and economic revival, experts say the region can be leading the way in the innovation economy space.
IMF Downgrades U.S., Global Economic Outlook
The on-again, off-again nature of U.S. tariff policies – not to mention the policies themselves – have darkened the outlook for both U.S. and global economic markets.
That’s the projection...
Chipotle Announces First Expansion to Mexico
NEWPORT BEACH, Calif. (PRNewswire) – Chipotle Mexican Grill announced it has signed a development agreement to open restaurants in Mexico for the first time. In partnership with Alsea, S.A.B. de C.V.,...
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...
