Finance

Canada Follows U.S. Tariffs With Hikes of Its Own

Canadian officials apparently believe what’s good for the goose is good for the gander. After U.S. President Donald Trump announced new tariffs on $20 billion...

Huntington Bank Closing 13 Michigan Branches

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

Fed Leaves Rates Alone in Warsh’s 1st Meeting

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...

Fox, Roku Reach $22 Billion Deal

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...

LongRange Capital to Acquire Most Pizza Huts

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...

U.S. Inflation Rises to 3-Year High

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

Canada Wants 16-Year Renewal of USMCA

While U.S. President Donald Trump is still calling for Canada to be the 51st state, Canadian officials want the free trade agreement the two...

Inflation Sees Highest Spike Since 2023

The war with Iran continues to wreak havoc on the U.S. inflation rate and with energy prices not only here, but around the world. Statistics...

Shareholders OK Warner Bros. Merger With Paramount

Shareholders of Warner Bros Discovery voted “overwhelmingly” to approve the company’s $110 billion merger with Paramount Skydance, the parent company of CBS News, on Thursday, though...

Amazon, Globalstar Complete $11 Billion Deal

SEATTLE & COVINGTON, La. (Business Wire) — Amazon.com, Inc. and Globalstar, Inc. announced that they have entered into a definitive merger agreement under which...

Spirit Airlines Faces Possible Liquidation

Spirit Aviation Holdings, the parent of Spirit Airlines, risks liquidation as rising jet fuel prices due to the Middle East war could further strain...

NPR Gets Millions in Donations From Two Donors

NPR may have had its federal funding stripped in President Donald Trump’s war against public media, but that didn’t stop a pair of donors...

March Inflation Rate is Highest in 2 Years

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...

Fed Holds Steady on Interest Rate

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 Leaders Need to Understand Changes to Tax Code

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

Netflix Declines to Raise Offer for Warner Bros.

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

Fifth Third Names Comerica Executive as Michigan Region President

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

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

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.

Trump Floats Getting Help From Congress on Credit Card Rates

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...

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

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

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