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U.S. Inflation Rate Up Again in February

Federal Reserve officials were looking at potentially cutting interest rates soon if consumer prices started coming down. For now, that doesn’t seem to be the case. Consumer prices in the United...

Interest Rates at Peak, Reductions Likely to Wait

The CPI index likely ran hot in February on higher gasoline prices, but core inflation likely slowed further as car prices fell and rent increases moderated. Producer prices likely...

Number of Americans Filing for Unemployment Drops Slightly

While the number of Americans applying for unemployment benefits last week went down a bit, the overall number of workers collecting jobless benefits was up. Both numbers, though, remain at...

After a Slow Start to 2024, Retail Sales Picked up in February

That didn’t last long. Shoppers pulled back on their spending in January, but apparently picked it back up last month. Retail sales rose 0.6% last month after falling a revised 1.1%...

IRS Launches Electronic Payment Options

WASHINGTON ― With the April 15 filing deadline approaching, the Internal Revenue Service encourages taxpayers who may find it difficult to gather the necessary documents they need to file...

Whitmer’s East Asia Trip Takes Aim at Bringing Jobs, Supply Chain to Michigan

Michigan Gov. Gretchen Whitmer took Michigan's show on the road to East Asia, aiming to bring jobs and supply chain back to the state.

IRS Extends Tax Deadline for Filers Affected by August Storms

The Internal Revenue Service announced tax relief for individuals and businesses in parts of Michigan affected by severe storms, tornadoes and flooding that began on Aug. 24, 2023. These taxpayers...

Fed Chair Says Rate Cuts Coming, No Hikes Expected

Fed Chair Jerome Powell said again Wednesday that the Federal Reserve will cut its key interest rate this year, though not right away. First, Powell said he wants to see...

Moderate Job Growth Expected After Strong January

Job growth likely moderated in February after an unexpectedly-strong 353,000 jobs added in January, which surprised to the upside considering that winter weather disrupted consumer spending and housing activity...

Stellantis Fires 341 Part-Time Workers at Toledo Plant

Stellantis has fired some 341 workers at its Toledo Jeep plant, a local union official said Monday. The Detroit News reported that workers at the Toledo Assembly Complex received automated...

U.S. Job Openings Hold Steady Near 9 Million

January saw a minimal change in the number of job openings across the U.S., but such openings remained elevated, suggesting that the American job market remains healthy. Statistics released by...
CEO Thought Leadership WEBSITE- Wilbur Mil

CEO Takes Engineering Firm From Basement to Global Success

Wilbur Milhouse started his engineering firm in the unfinished basement of his southwest Chicago home and, since 2001, has built it into a global success.

U.S. Economy Grew 3.2% in Fourth Quarter of 2023

It wasn’t as hot as the third quarter, but the final quarter of 2023 produced some pretty good economic numbers. According to statistics released Wednesday by the U.S. Department of...

Macy’s Will Close 150 Stores Over the Next Three Years

Shoppers headed to a Macy’s near them should probably do a Google search to see if their favorite location is still open, Macy’s officials said this week they will shutter...

FTC Sues to Stop Kroger, Albertson’s Grocery Merger

Apparently, the Federal Trade Commission thinks grocery prices are high enough as it is. The FTC is suing to block a proposed merger between grocery giants Kroger and Albertsons, claiming...

Wendy’s Won’t Use ‘Surge’ Pricing

Wendy’s won’t be boosting its prices at premium times after all. The hamburger chain backed off on the idea, floated in comments by the chain’s CEO, Kirk Tanner, that it...

Unemployment Claims Rise For First Time in Six Weeks

For the first time in six weeks, the number of Americans seeking unemployment benefits rose. Still, layoffs remain historically low even as more high-profile companies have announced job cuts this...

Economy Downshifted Amid January’s Winter Weather, But Should Regain Speed Quickly

High-frequency indicators of economic activity pulled back in January as storms and cold weather disrupted day-to-day activity across much of the United States. Unit new auto sales fell to...

Economists Confident Any Potential Recession Will Be Mild

With inflation falling and unemployment low, experts optimistic potential recession will be more of a 'soft landing.'

Partnership Touts Detroit ‘Momentum’ in Annual Report

With the NFL Draft and the Detroit Grand Prix on the horizon, the Downtown Detroit Partnership's annual report touted the city's economic momentum.
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