Economy

It likely won’t be as big a hike as last year, but the largest U.S. retail trade group thinks retail sales are going to take another jump this year. After...

The number of U.S. workers applying for unemployment benefits dropped a little last week as the job market showed signs of continued strength. According to statistics released by the U.S....

Unilever said Tuesday that it is cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. London-based Unilever, the company that makes Ben &...

The Federal Reserve’s March decision was as-expected, extending the pause on rate changes that followed their last hike in July 2023. The March decision was unanimous. The key phrase in...

HUDSON, Ohio (Globe Newswire) — Joann Inc., the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, has filed for Chapter 11...

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...

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...

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...

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%...

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...

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.

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 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...

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 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...

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...

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.

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...

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...

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...