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March Inflation Rate is Highest in 2 Years

Brad Kadrich -
Anyone wondering what effect the war with Iran is having on the U.S. economy got their answer this week. Sparked by a record increase in...
Business

Fed Holds Steady on Interest Rate

Brad Kadrich -
The Federal Reserve Wednesday decided to hold interest rates right where they are. And, despite nearly constant pressure from President Donald Trump, the Fed also...
Business

Business Leaders Need to Understand Changes to Tax Code

Brad Kadrich -
Business owners need to be aware of changes to the tax code as filing deadlines approach.
Finance

Netflix Declines to Raise Offer for Warner Bros.

Brad Kadrich -
HOLLYWOOD — Netflix, Inc. announced that it has declined to raise its offer for Warner Bros. Netflix had earlier received notice from Warner Bros....
Finance

Fifth Third Names Comerica Executive as Michigan Region President

Press Release -
After its merger with Comerica, Fifth Third Bank named a longtime Comerica executive as its new president for the Michigan region.
Economy

Usher, Big Sean Announce $1 Million Entertainment Incubator at Michigan Central

Press Release -
Usher and Big Sean are investing $1 million in the creation of the Detroit Economic Incubator, will offer a virtual production studio, special effects lab, creators lounge and more.
Business

Trump Floats Getting Help From Congress on Credit Card Rates

Brad Kadrich -
President Donald Trump said a couple of weeks ago he’d be signing an executive order limiting credit card interest to 10%. After getting pushback from...
Business

Iconic Coney Island maker Nathan’s Sold For $450 Million

Press Release -
SMITHFIELD, Va., (Globe Newswire) – Smithfield Foods, Inc., an American food company and an industry leader in value-added packaged meats and fresh pork, and...
Business

Shareholders OK $10.9 Billion Deal Between Fifth Third, Comerica

Press Release -
Shareholders overwhelming approved the proposed $10.9 billion deal that brings Fifth Third and Comerica together.
Economy

Report: Spirit Talking to Frontier Group About Merger

Brad Kadrich -
Bankrupt Spirit Aviation Holdings Inc. is talking to Frontier Group Holdings about a merger, people familiar with the matter told Bloomberg. A transaction could be announced as...
Business

European Movie Group Acquires Emagine Chain

Press Release -
Kinepolis has agreed to acquire U.S.-based Emagine Entertainment, including the nine theaters Emagine operates regionally.
Finance

Warner Bros. Discovery Considering Sale Options

Press Release -
NEW YORK (PRNewswire) — While Warner Bros. Discovery continues to advance its previously announced separation of Warner Bros. and Discovery Global, its Board of Directors this...
Business

Powell Indicates Two More Rate Cuts Could Happen This Year

Brad Kadrich -
Coming off of a cut in the Federal Reserve’s key interest rate in September, Fed chair Jerome Powell is hinting more are coming. A slowdown...
Business

Fifth Third Bank Acquires Comerica in $10.9 Billion Deal

Press Release -
Fifth Third Bank announced it has entered into a merger agreement with Comerica in a deal valued at $10.9 billion.
Digital & Technology

NVIDIA, Intel to Develop AI Infrastructure, Personal Computing Products

Press Release -
NVIDIA and Intel Corporation announced a collaboration to jointly develop multiple generations of custom data center and PC products that accelerate applications and workloads...
Business

Fed Ducks Pressure, Holds Interest Rate Steady

Brad Kadrich -
Despite heavy pressure from the White House, Federal Reserve officials decided against a rate cut at its Wednesday meeting.
Economy

Union Pacific, Norfolk Southern Talk Rail Merger

Press Release -
Union Pacific Corporation and Norfolk Southern Corporation confirmed that the companies are engaged in advanced discussions regarding a potential business combination.  In a statement posted...
Economy

New Home Sales See Slight Rebound, But Housing Market in a Funk

Press Release -
New home sales likely rebounded slightly in June from depressed levels in May, while existing home sales likely fell. The housing market is in...
Business

Inflation Up Less Than Expected in June, Still Up Year-Over-Year

Press Release -
The Consumer Price Index rose 0.3% in June, matching the consensus forecast. Energy rose 0.9% after falling 1.0% in May. The short-lived Israel-Iran War...
Business

WeightWatchers Files for Bankruptcy Protection

Press Release -
NEW YORK (Globe Newswire) – WW International, Inc., the global leader in science-backed weight management, and certain of its affiliates announced it will implement...
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