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Economy

Falling Gas Prices Led to Inflation Cooling in June

Brad Kadrich -
With new rounds of bombing resurrecting the war in Iran, gas prices have started inching upward. But they fell enough in June to bring about...
Business

Huntington Bank Closing 13 Michigan Branches

Brad Kadrich -
Huntington Bank is closing 13 branches across Michigan – including some metro Detroit locations – multiple outlets reported Monday. In a statement, Huntington officials said...
Business

Gordie Howe Bridge Finally Set to Open

Brad Kadrich -
The on again-off again opening of the Gordie Howe Bridge is on again, set for July 27.
Business

Economy Adds Softer-Than-Expected 57,000 Jobs in June

Brad Kadrich -
The U.S. economy had a strong spring with job growth, even after April and May figures were revised downward. But, while employers did add jobs...
Business

Microsoft cutting 4,800 Jobs Amid AI Push

Brad Kadrich -
Integrating AI into operational costs is getting expensive for tech companies, and it’s starting to cost jobs. Microsoft will cut some 2.1% of its workforce...
Automotive

Volkswagen Cutting Models, Production Capacity

Brad Kadrich -
Volkswagen AC is eyeing what experts expect to be a far-reaching overhaul and, toward that end, the automaker said Thursday it would “drastically pare...
Business

Whitmer, Leaders Deliver Bipartisan Fiscal 2027 Budget

Press Release -
Gov. Gretchen Whitmer and the State Legislature put together a bipartisan balanced budget for fiscal 2027.
Business

Consumer Sentiment Rises But Still Close to Record Low

Brad Kadrich -
While consumer sentiment climbed in June, a University of Michigan report shows it's still close to record lows.
Business

High Gas Prices Pushed May Inflation to 4-Year High

Brad Kadrich -
Statistics released this week by the Commerce Department confirmed what many were thinking: High gas prices helped push inflation to a four-year high last...
Business

Manufacturing Boosts Rise in Business Activity

Brad Kadrich -
For anyone looking for good business news, here is some: U.S. business activity expanded at the fastest pace in five months. The rise was bolstered...
Business

Apple raises prices of MacBooks, iPads

Brad Kadrich -
Apple raised prices on its iPad and MacBook prices on Thursday and blamed the increased on increasing memory and storage chip costs officials say...
Business

Whitmer Back From Week-Long European Investment Tour

Press Release -
LANSING – Michigan Governor Gretchen Whitmer concluded a week-long investment mission to France, Luxembourg and Belgium, where she said Team Michigan “strengthened relationships” with global industry...
Business

New Report Shows ‘Cautious Optimism’ About Grand Rapids Projects

Brad Kadrich -
A new report from The Right Place shows Grand Rapids entering what one leader called an "exciting period of growth."
Business

Fed Leaves Rates Alone in Warsh’s 1st Meeting

Brad Kadrich -
There’s a new Federal Reserve Chair, but the result of the Fed’s latest meeting didn’t change. The Fed board voted Wednesday to leave interest rates...
Economy

Consumer Spending Had a Good May as Potential Slowdown Looms

Brad Kadrich -
U.S. retail sales had a better month in May than experts expected. But those same experts are saying it may not last long. According to...
Business

Fox, Roku Reach $22 Billion Deal

Brad Kadrich -
Fox Corp., looking to pair its sports and news programming with a top-tier streaming service, announced on Monday that it’s buying Roku. Fox figures the...
Business

LongRange Capital to Acquire Most Pizza Huts

Brad Kadrich -
STAMFORD, Conn. – LongRange Capital, a private equity firm with a customer-centric and operationally-oriented approach to building and growing businesses, announced that it has entered...
Business

Economist: U.S. Could Take Months to Recover After Iran deal

Brad Kadrich -
Leading economist Diane Swonk told a Detroit Economic Club audience it could take months to economically recover once hostilities end between the U.S. and Iran.
Business

Whitmer Leads Economic Delegation to Europe

Brad Kadrich -
Gov. Gretchen Whitmer is leading an economic delegation to Europe to forge international trade partnerships.
Business

U.S. Inflation Rises to 3-Year High

Brad Kadrich -
Fueled by the economic effects of the war with Iran, inflation in May spiked to 4.2%, the highest rate in three years.
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