Economy

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...

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...

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...

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 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...

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

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...

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

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...

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,...

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...

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...

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.

If the 11 interest rate increases the Federal Reserve has made since March 2022 were supposed to slow the job market in a continuing fight against a stubborn inflation...

Federal Reserve officials have said they’re waiting to see what the national inflation rate does before deciding when, or if, to cut interest rates after having raised them 11...

The Biden administration said Monday the U.S. would provide up to $6.6 billion to help a Taiwanese semiconductor firm expand the facilities it is already building in Arizona and...

Initial claims for unemployment assistance fell last week, but the total number of Americans collecting unemployment climbed to its highest level since the beginning of the year. The number of...

From optimistic State of the State through East Asia trip, Whitmer believes Michigan will thrive in ‘24.

LANSING – As the April 15th tax filing deadline approaches, Michigan Attorney General Dana Nessel is reissuing her Public Service Announcement on tax-related ID theft to urge consumers to protect...

It’s a high-low situation in the U.S. job market. The number of Americans applying for unemployment assistance rose last week. However, layoffs remain at historically low levels as the labor...