Publishers Clearing House Files For Bankruptcy Protection
The commercials have been around seemingly forever.
A Pubishers Clearing House “Prize Patrol” team shows up at someone’s front door with a big check and makes a homeowner a rich...
DNA Testing Firm 23andMe Files for Bankruptcy
SAN FRANCISCO (Globe Newswire) — 23andMe Holding Co., a leading human genetics and biotechnology company, announced that it has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court...
Crypto Gaining in Popularity, But Also Carries Challenges
As cryptocurrency gains in popularity, businesses are trying to figure out how best to use it.
PepsiCo Buying Poppi in $1.65 Billion Deal
PURCHASE, N.Y. and AUSTIN, Texas (PRNewswire) — PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated...
Fed Holds Interest Rates Steady, Awaiting Tariff Impacts
As they wait to see the impact of tariffs on the U.S. economy, the Federal Reserve opted to leave interest rates right where they are.
Stock Market Reacts to U.S. Tariffs on Mexico, Canada, China
Tariffs imposed by President Donald Trump on Canada, China and Mexico will have a notable impact on the stock market if they remain in place for a prolonged period...
U.S. Economy Grew 2.3% in 4th Quarter, 2.8% for the Year
The American economy appears to be humming along.
According to statistics released by the Commerce Department Thursday, the economy expanded at a 2.3% annual rate from October through December.
For all...
Business Leaders Optimistic About State’s Economic Outlook
Results of an annual survey on the state of Michigan's economy show business leaders are optimistic, at least in the short term.
Fed Official Says Rate Cuts Could Slow in 2025
With uncertainty about the U.S. economy lingering, at least one Federal Reserve official is signalling the Fed’s rate cuts may need to be slowed down.
Susan Collins, the Federal Reserve...
Fed Cuts Key Rate Again, Eyes Fewer Cuts in 2025
The Federal Reserve cut its key interest rate another quarter-point Wednesday, but indicated there may be fewer cuts than anticipated in 2025.
Here Are 5 Reasons for Businesses to Bank Locally
Having recently recognized Small Business Saturday, it’s a good time overall to consider the vital role of small businesses, and of community banks as part of local economies across...
Fed Could Slow Speed of Interest Rate Cuts
Not long ago, when inflation continued to cool and the job market was slowing down, it looked like the Federal Reserve was getting set for a series of interest...
Private Equity Firm Blackstone Acquires Jersey Mike’s
MANASQUAN, N.J. AND NEW YORK – Jersey Mike’s Subs, a leading franchisor of fast-casual submarine sandwich stores, announced it has reached an agreement whereby private equity funds managed by...
Fed ‘Not Confident Infation Will Slow, But Cuts Rate Anyway
As virtually assured, the Fed lowered the federal funds target a quarter percent to a range of 4.50% to 4.75% at the November 7 decision, two days after the...
IRS Raising Standard Tax Deductions for 2025
U.S. taxpayers are going to have a higher standard deduction for 2025.
The Internal Revenue Service announced increases in its annual inflation adjustments when it released its annual inflation adjustments...
Fed’s Rate Cut Wasn’t Slam Dunk Among Committee Members
Retail sales likely rebounded in September after a lackluster increase in the prior month. Core retail sales, which exclude the volatile auto and gas components, are expected to have...
September Jobs Report Stronger Than Expected
Nonfarm payroll employment rose 254,000 in September, much better than the 150,000 consensus forecast, while July and August numbers were revised up a net 72,000 jobs, too.
With these...
U.S. Economy Showed 3% Second-Quarter Growth
The Commerce Department initially reported the U.S. economy grew at a healthy rate in the second quarter, and saw no reason to change its mind when it consider a...
Tupperware Voluntarily Seeks Bankruptcy Protection
ORLANDO, Fla. (PRNewswire) — Tupperware Brands Corporation, an iconic global brand, announced the company and certain of its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for...
Inflation Reaches 3-year Low as Fed Ponders a Rate Cut
Most observers expected the Federal Reserve would finally cut its prime interest rate if inflation dropped closer to its 2% target.
We’re about to find out if they were right.
U.S....
