Economy

As expected, the Federal Open Market Committee (FOMC) raised the fed funds target 0.25 percentage points to a range of 4.75%-to-5.00% on March 22. The FOMC softened their forward...

Applications for unemployment assistance went up slightly last week, though they remain at historically low levels. According to statistics released by the Labor Department Thursday, jobless claims in the U.S....

WASHINGTON — After dipping the last couple of months, consumer confidence was up a bit in March, according to a report from the Conference Board. The Conference Board reported Tuesday...

The SECURE Act 2.0 is designed to help companies improve the retirement packages they can offer their workers.

Gov. Gretchen Whitmer signed a package of bills into law she says restore and protect workers' rights.

The collision of extreme fiscal and monetary policies has finally arrived, with the victims being investors in banks with narrowly focused deposit, lending, and securities portfolio strategies. To be sure,...

Despite yet another interest rate hike by the Federal Reserve, the Labor Department reported that U.S. applications for unemployment fell again last week.

In the wake of two of the largest bank failures in U.S. history, the Federal Reserve announced Wednesday it's raising its key interest rate another quarter-point.

For the second time in less than six months, Facebook parent company Meta is announcing a round of layoffs. After cutting 11,000 jobs back in November, Meta has announced it...

After applications for unemployment assistance rose last week by more than they had in the last five months, requests for help dropped last week. According to statistics released by the...

Chair Powell’s semiannual testimony before Congress and labor market data releases dominated the economic calendar this week.Powell noted recent data had reversed the softening economic trends observed in the...

Voting along party lines, the Michigan Senate Tuesday passed legislation that would repeal the state's right-to-work law and restore a prevailing wage.

A report from the Environmental Defense Fund shows Michigan is among the top states in the country for electric vehicle and battery investment.

Trying to hit $2 billion in cost savings, General Motors is offering voluntary buyouts to most of its salaried workers, according to multiple reports Thursday. The majority of the automaker’s...

The number of Americans seeking unemployment benefits jumped last week more than it had in five months. Applications for jobless claims rose by 21,000 in the week ending March 4,...

Slower accumulation of inventories and a wider trade deficit will drag on growth in early 2023. Inventory accumulation and a narrower trade deficit contributed roughly two-thirds of the 2.7%...

PURCHASE, N.Y. — According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive were up 6.9% year-over-year in February. Mastercard...

Michigan House Democrats passed legislation Wednesday that would repeal the state's right-to-work law and restore prevailing wage laws.

Gov. Gretchen Whitmer on Tuesday signed the Lowering MI Costs plan into law, cutting pension taxes and increasing the Working Families Tax Credit.

The New Economy Initiative and the Michigan Municipal League have partnered to launch an effort to help small businesses and entrepreneurs.