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Business Leaders Optimistic About State’s Economic Outlook

Brad Kadrich -
Results of an annual survey on the state of Michigan's economy show business leaders are optimistic, at least in the short term.
Economy

Fed Official Says Rate Cuts Could Slow in 2025

Brad Kadrich -
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...
Economy

Fed Cuts Key Rate Again, Eyes Fewer Cuts in 2025

Brad Kadrich -
The Federal Reserve cut its key interest rate another quarter-point Wednesday, but indicated there may be fewer cuts than anticipated in 2025.
Finance

Here Are 5 Reasons for Businesses to Bank Locally

Guest Submission -
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...
Economy

Fed Could Slow Speed of Interest Rate Cuts

Brad Kadrich -
Not long ago, when inflation continued to cool and the job market was slowing down, it looked like the Federal Reserve was getting set...
Business

Private Equity Firm Blackstone Acquires Jersey Mike’s

Press Release -
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...
Economy

Fed ‘Not Confident Infation Will Slow, But Cuts Rate Anyway

Press Release -
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...
Economy

IRS Raising Standard Tax Deductions for 2025

Brad Kadrich -
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...
Business

Fed’s Rate Cut Wasn’t Slam Dunk Among Committee Members

Press Release -
Retail sales likely rebounded in September after a lackluster increase in the prior month. Core retail sales, which exclude the volatile auto and gas...
Business

September Jobs Report Stronger Than Expected 

Press Release -
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...
Economy

U.S. Economy Showed 3% Second-Quarter Growth

Brad Kadrich -
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...
Business

Tupperware Voluntarily Seeks Bankruptcy Protection

Press Release -
ORLANDO, Fla. (PRNewswire) — Tupperware Brands Corporation, an iconic global brand, announced the company and certain of its subsidiaries have voluntarily initiated Chapter 11 proceedings...
Business

Inflation Reaches 3-year Low as Fed Ponders a Rate Cut

Brad Kadrich -
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...
Business

Henry Ford Health, Ascension Michigan Announce Closing Date for Proposed Joint Venture

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

Pent-Up Demand Could Lead to Resurgent M&A Market in 2025

Mike Scott -
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...
Economy

Fed Chair Indicates Interest Rate Cut Could Be Coming Soon

Brad Kadrich -
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.
Finance

West Shore Bank’s Biggs Named Michigan Bankers Association Board Chair

Press Release -
LANSING, Mich.- The Michigan Bankers Association announced the election of Ray Biggs, president & CEO, West Shore Bank, as Chairman of the Board of...
Economy

Despite Inflation Progress, Fed Sees Only One Rate Cut This Year

Brad Kadrich -
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...
Digital & Technology

T-Mobile to Acquire UScellular Wireless in $4.4 Billion Deal

Press Release -
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,...
Business

Fed: Economic Data Doesn’t ‘Meet Bar’ to Justify Cuts

Press Release -
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...
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