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DETROIT — Bank of America opened a new financial center in Rochester Hills that is part of the company’s plans to open more than 52 new financial centers in 2024 across 28 markets. The new financial center at 3035 S. Rochester Rd. showcases the latest technology, private offices to...

The hope for interest-rate cuts from the Federal Reserve early this year appear to be fading. Fed Chair Jerome Powell is indicating that an inflation rate that stays stubbornly high could push any rate cuts until later this year. Powell, speaking during a panel discussion Tuesday, said recent data has dimmed...

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 administration pledged up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building...

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, retail sales rose 0.7% in March – almost double what economists had forecast – after rising 0.9% in February. All...

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 and auto dealers likely grew moderately, matching their February pace. Industrial production likely rose modestly in March, as manufacturing activity...

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 report showed 212,000 claims filed during the week ending April 13. That’s the same number of workers who applied the...

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 to the expanded benefits of an all-electric future. Available for the first time as part of its expanding product ecosystem, GM...

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.

Not that long ago a "distant-future" possibility, AI is becoming more and more of a presence in daily lives.

Experts say the more connected the world becomes, the more important it is to be ready to deal with hackers.

Experts say knowing the numbers other companies are offering is critical to keeping up with the competition.

Detroit is getting set to show off while hosting the three-day NFL Draft.

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, marking the third round of the 2024 Shannons SpeedSeries, will see Ford Australia celebrating the 60th anniversary of the Mustang....

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 rate, someone forgot to tell U.S. employers. The U.S. economy added 303,000 jobs in March, according to statistics released by the...

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 times since March 2022. If the consumer inflation rate from March is any indication, such cuts may wait a little longer. In...

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 better ensure that the most-advanced microchips are produced domestically for the first time. Commerce Secretary Gina Raimondo said the funding for...

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 Americans who applied for jobless benefits for the week ending April 6 fell by 11,000 to 211,000 from the previous...

DETROIT – The Downtown Detroit Business Improvement Zone named Cabbon Winston its 2023 BIZ Ambassador of the Year. A Detroit native, Winston has served as a BIZ Ambassador for over six years. In his current role, he serves as an equipment operator working to keep Downtown streets clean, safe and...

MUSKEGON, Mich. – U.S. Senator Gary Peters (D-MI) has secured a $2 million grant for Muskegon Public Schools to open a first-of-its-kind 6-10 Career Exploration Center on the soon-to-open Charles Hackley Middle School campus. As a member of the Senate Appropriations Committee, Peters ensured that several Michigan organizations and initiatives received...

From optimistic State of the State through East Asia trip, Whitmer believes Michigan will thrive in ‘24.