U.S. Pledges $6.6 Billion for Taiwan Chip Manufacturer
The Biden administration has indicated on several occasions that bringing semiconductor production to the U.S. is a priority.
On Monday, the administration put its money where it’s push is.
The Biden...
Retail Sales Make Strong March Climb
Whatever anyone else’s reaction to the state of the U.S. economy might be, Americans seem to be willing to spend.
According to statistics released by the U.S. Commerce Department Monday,...
Gas Prices, Auto Sales Likely Impacted Retail Spending
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...
First-Time Unemployment Claims Remained Flat Last Week
It was déjà vu in the U.S. labor market last week.
According to statistics released by the U.S. Department of Labor Thursday, first-time claims for unemployment benefits remained flat.
The weekly...
GM Energy Rolls Out New Product Suite
DETROIT – As EV technology continues to evolve, GM is working toward elevating the overall ownership experience by introducing new ways for customers to unlock additional value and gain access...
GM Moving HQ Out of RenCen into New Hudson’s Site Next Year
General Motors announced Monday it would move its global headquarters to the new Hudson's site being built by Bedrock. The move is expected in 2025.
AI Provides Real Benefits, But Comes With Some Pitfalls
Not that long ago a "distant-future" possibility, AI is becoming more and more of a presence in daily lives.
Training, Team Planning Can Be Keys to Surviving Cyber Attacks
Experts say the more connected the world becomes, the more important it is to be ready to deal with hackers.
Pay Benchmarking a Key to Retaining, Attracting Talent
Experts say knowing the numbers other companies are offering is critical to keeping up with the competition.
NFL Draft Expected to Have Huge Economic Impact for Detroit
Detroit is getting set to show off while hosting the three-day NFL Draft.
Mustang GT4 Makes Australian Debut at Phillip Island Race
PHILLIP ISLAND, Australia — The highly anticipated Australian racing debut of the all-new Mustang GT4 is set for the iconic Phillip Island Grand Prix Circuit this weekend, April 12-14.
The event,...
U.S. Economy Adds 303,000 Jobs in March
If the 11 interest rate increases the Federal Reserve has made since March 2022 were supposed to slow the job market in a continuing fight against a stubborn inflation...
March Shows Rise in U.S. Inflation Rate
Federal Reserve officials have said they’re waiting to see what the national inflation rate does before deciding when, or if, to cut interest rates after having raised them 11...
Biden Pledges $6.6 Billion to Build Microchips in the U.S.
The Biden administration said Monday the U.S. would provide up to $6.6 billion to help a Taiwanese semiconductor firm expand the facilities it is already building in Arizona and...
Fewer U.S. Workers File for Unemployment Assistance
Initial claims for unemployment assistance fell last week, but the total number of Americans collecting unemployment climbed to its highest level since the beginning of the year.
The number of...
Whitmer Believes Michigan’s Economy ‘Ready to Rock’ in ’24
From optimistic State of the State through East Asia trip, Whitmer believes Michigan will thrive in ‘24.
Michigan AG Re-Issues Tax Identity Theft Alert Ahead of Filing Deadline
LANSING – As the April 15th tax filing deadline approaches, Michigan Attorney General Dana Nessel is reissuing her Public Service Announcement on tax-related ID theft to urge consumers to protect...
Limited Tickets Released for Draft Eve in the D Party at Shinola Hotel
ACG Detroit has released a limited number of tickets to its "Draft Eve ini the D" party.
Ford Updates EV, Hybrid Plans, Readies Manufacturing Plants
DEARBORN, Mich. – Ford Motor Company said it is retiming the launch of upcoming electric vehicles at its Oakville, Ontario, assembly plant while continuing to build out an advanced industrial system...
GM: Retail Sales Off to ‘Fast Start’
DETROIT — General Motors Co. and its dealers increased retail sales by 6% year-over-year and delivered 594,233 vehicles in the U.S. in the first quarter of 2024, down 1.5% year-over-year...