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March Inflation Rate is Highest in 2 Years

Brad Kadrich -
Anyone wondering what effect the war with Iran is having on the U.S. economy got their answer this week. Sparked by a record increase in...
Economy

Experts Say Gas Prices Likely to Stay High Despite Ceasefire

Brad Kadrich -
President Donald Trump announced a two-week ceasefire in the war with Iran this week. But Americans who thought that would immediately lower gas prices...
Economy

USPS Seeks First-Class Stamp Rate Hike

Brad Kadrich -
U.S. Postmaster General David Steiner said last month the U.S. Postal Service could run out of cash as early as October. The USPS indicated at...
Economy

First-Time Unemployment Claims Take Modest Jump

Brad Kadrich -
Whatever impact inflation is having on the U.S. economy, it doesn’t seem to be affecting the unemployment line much. The was just a moderate increase...
Economy

Amazon, USPS Reach Deal on Deliveries

Brad Kadrich -
Amazon and the U.S. Postal Service have reached an agreement that will enable the USPS to retain the majority of business from its biggest...
Business

Fed’s Goolsbee Warns of Inflation Risks as Tariffs and Energy Prices Cloud Outlook

Brad Kadrich -
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, warned a Detroit Economic Club about the impact of tariffs and energy prices on the economy.
Business

Powell: Fed Can Wait on Rates to See Impact of Iran War

Brad Kadrich -
Federal Reserve Chair Jerome Powell, continuing to resist the immense pressure being put on him by President Donald Trump to lower interest rates, said...
Business

Retail Sales Strong in February; Gas Prices Surging

Brad Kadrich -
U.S. retail sales were higher than they’ve been in seven months, auto sales saw a rebound and even the weather was improved in February. And...
Economy

Surging Oil Prices Putting a Dent in Consumer Sentiment

Brad Kadrich -
With the war in the Middle East continuing to force oil prices up and creating havoc in the financial market. U.S. consumer sentiment has...
Economy

Gas Prices Surge Past $4 Per Gallon as War Continues

Brad Kadrich -
The war with Iran is wreaking havoc on drivers all over the world. For the first time in more than three years, the average price...
Economy

Unilever, McCormick Deal Creates $65 Billion Food Company

Brad Kadrich -
Unilever said on Tuesday it will merge its food business with spice maker McCormick in the second-largest food transaction in history, a deal that will create...
Economy

Fast-Changing Oil Prices Having Ripple Effect on Economy

Mike Scott -
The uncertainty of the war in Iran and the impact it's having on oil prices is causing consternation with the U.S. economy.
Business

Postal Service Seeks Temporary Price Hike

Press Release -
The U.S. Postal Service filed notice this week with the Postal Regulatory Commission regarding a time-limited price change to better align its costs of...
Economy

First-Time Unemployment Claims Rise Slightly in ‘Stable’ Labor Market

Brad Kadrich -
The U.S. labor market appears to remain fairly stable, which could be a factor in what the Federal Reserve decides to do about interest...
Business

All Things Detroit Day Highlights Area’s Small Businesses

Brad Kadrich -
The 12th annual All Things Detroit small-business shopping day is expected to draw more than 200 vendors and 14,000 participants.
Business

Fed Holds Steady on Interest Rate

Brad Kadrich -
The Federal Reserve Wednesday decided to hold interest rates right where they are. And, despite nearly constant pressure from President Donald Trump, the Fed also...
Economy

Postal Service Could Be Broke By October

Brad Kadrich -
The head of the U.S. Postal Service says the USPS is going to need some more money before the end of the year if...
Economy

With Fuel Costs Spiking, Airlines Hiking Prices

Brad Kadrich -
Cars and trucks aren’t the only vehicles feeling the pinch at the pump as the war in Iran drags on. The Los Angeles Times reported...
Economy

Unemployment Claims Take an Unexpected Dip

Brad Kadrich -
The number of Americans filing new applications for unemployment benefits took an unexpected dip last week, pointing to stable labor market conditions and a...
Automotive

Uber, Rivian Partner to Deploy Up To 50,000 Fully Autonomous Robotaxis

Press Release -
SAN FRANCISCO & IRVINE, Calif. – Rivian Automotive, Inc. and Uber Technologies, Inc. announced a partnership to help accelerate both companies’ autonomous vehicle plans, expecting...
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