Finance

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....

Henry Ford Health and Ascension Michigan, who announced plans for a merger last fall, will close the deal Sept. 30.

Some statewide experts feel 2025 could be a banner year in the mergers and acquisitions space, despite the fact the pre-pandemic M&A market in Michigan – which was hot...

With the job market cooling a bit and the inflation rate hovering just above 3%, Fed Chair Jerome Powell indicated a rate cut may be coming soon.

LANSING, Mich.- The Michigan Bankers Association announced the election of Ray Biggs, president & CEO, West Shore Bank, as Chairman of the Board of Directors. "Ray is a talented business...

When the year started and with inflation cooling off, economists were optimistic the Federal Reserve would cut interest rates several times this year. Now, even though Fed officials recognize the...

BELLEVUE, Wash. – T-Mobile and UScellular announced that T-Mobile has agreed to acquire substantially all of UScellular’s wireless operations, including UScellular’s wireless customers and stores, as well as certain specified...

At Wednesday’s Fed decision, the Federal Open Market Committee said the first quarter’s economic data didn’t reach their high bar to justify interest rate cuts. However, the Fed is...

Retail sales growth likely slowed in March as gasoline prices rose more slowly and new car and truck sales pulled back from February’s level. Core retail sales excluding gasoline stations...

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 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...

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...

While consumer confidence has been up recently, the same can’t necessarily be said for small-business owners, if a survey from the messaging service Slack is any indication. The survey found...

MCLEAN, Va. and RIVERWOODS, Ill. (PRNewswire) — Capital One Financial Corporation and Discover Financial Services  announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an...

Uber Technologies Inc. has reached the black ink. Uber announced it will buy back as much as $7 billion in shares, its first plan to return capital to shareholders after...

Though there is still some uncertainty, experts believe investors are in position to withstand any economic slowdown that may come.

Federal Reserve Chair Jerome Powell confirmed to a national television audience what economists have been predicting for awhile now: The Fed is still on track to cut interest rates...