Economy

The financial markets have struggled in the new year. A variety of concerns, including the rapid spread of the Omicron variant, surging inflation, policy tightening, geopolitical tensions and extended...

Gov. Gretchen Whitmer went on the road with her fourth State of the State address Wednesday to talk about tax cuts, economic incentives, health care and education.

The Michigan Strategic Fund approved some $834 million in incentives just before General Motors announced its $7 billion investment in the EV industry in Michigan.

General Motors announced a $7 billion investment in electric vehicle production that officials say will create 4,000 new jobs and retain another 1,000.

The number of people seeking new unemployment benefits has been dropping, or at least holding relatively steady, the last few months. So much for that streak. The number of U.S. workers...

When Dr. Elaine Buckberg, the chief economist for General Motors, took part in the recent Detroit Economic Club Economic Outlook webinar, she was asked whether all the federal stimulus...

WASHINGTON, D.C. (Globe Newswire) — Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, joined John W. Rogers, Jr., Chairman of the Council on Underserved Communities, last...

Workers in restaurants, grocery stores, the trucking industry and schools have all been hit hard by Omicron, and the virus is disrupting everything once again.

Experts at Comerica point out that retail sales dropped by 1.9% in December, a fall they say was fueld by the spread of the omicron variant.

GM's top economist and the head of the MEDC both expressed optimism for Michigan's economy, despite the presence of a 40-year high national inflation rate.

Bearing out dark forecasts made by economists in the fall, inflation continued to rise in December — making 2021 the steepest inflationary increase the country has seen since 1982. The...

First-time claims for unemployment assistance from American workers fell steadily over the last few months, dipping below 200,000 (the lowest in 50 years) in November and December. That streak ended...

General Motors had a long, successful run as the country’s top-selling automaker In 2021, though, that run came to an end. Toyota Motor dethroned GM last year, ending a run that...

Expectations of a better jobs performance in December than the U.S. had in November were dealt a blow when the Bureau of Labor Statistics released its December 2021 jobs...

With more than 800,000 jobs created, December turned out to be a strong month for job growth despite the effects of the omicron variant.

Administration says bipartisan bills signed by Whitmer will support small businesses, invest in a $1 billion economic development fund and build on Michigan's ongoing economic momentum.

Huron Capital set a record in 2021, making the acquisition of TriStruX Huron's sixth platform investment in 2021.

President Joe Biden announced a variety of steps -- including free home-testing kits and military help for hospitals -- designed to fight off the latest COVID-19 surge.

A federal court in Cincinnati lifted the stay imposed on President Biden's vaccine mandate for large businesses, although the ruling is likely to be challenged in the U.S. Supreme Court.

Stephen Ross' Related Companies and Ilitch Holdings announced they'll build the $250 million Detroit Center for Innovation in The District Detroit.