City Detroit Financial News

04.05 / 01:39

markets Platform Analysis Trade show Inside Sporting Why almost everyone loses—except a few sharks—on prediction markets

Subscribe to enjoy similar stories.John Pederson, 33, couldn’t work. The former Outback Steakhouse line cook was recovering from a car crash and running out of money. Kalshi, the prediction market, promised a quick way to fix that.

18.05 / 09:37

markets UPS Manufacturing Caterpillar Strategy Tesla Updates Ford no longer looks like an also-ran in the global EV race—it’s just that it has taken an alternate route

Subscribe to enjoy similar stories.Ford has finally hit upon an electric strategy that shouldn’t lose money. The key element is that it doesn’t involve vehicles—not for now, anyway.Ford’s stock, a habitual water-treader, jumped almost 14% on Wednesday, its biggest gain in over six years, on news that the Detroit stalwart had found a way to tap into the AI boom—sort of.

31.03 / 16:45

markets UPS Citi JPMorgan Dreams Updates Jamie Dimon has a plan for JPMorgan to rescue the American dream

a $30 billion racial equity commitment after the murder of George Floyd and a $2.5 trillion climate change plan in 2021.Now, the bank is committing to adding three million new small-business customers, on top of seven million today. And it wants to lend them up to $80 billion over the next 10 years, through loans and support for community-oriented banks and investment funds.

14.03 / 02:17

markets Software information Equality Updates Relationships FC Kohli: The IT visionary India forgot to remember

TCS even though there was no IT industry to speak of. What followed was one of the great acts of industrial creation in post-independence India.The foundations of what is today a $300 billion industry were built on his clarity about the opportunity.

14.02 / 05:53

markets COST UPS FIVE Manufacturing CEO wellness America fell out of love with the sedan. Detroit wants to bring it back.

Subscribe to enjoy similar stories. From tail-finned land yachts of the 1960s to hulking family haulers in the 1980s and then the 1990s bestseller Ford Taurus, driving for Americans meant driving a sedan. Then SUVs and trucks won over drivers’ hearts and garages.

27.01 / 11:11

markets UPS CEO Remark Trade President country Rahul Jacob: Great power rivalry between the US and China is putting the developing world at risk

Subscribe to enjoy similar stories. More than three decades ago, the legendary Warren Buffett returned a call to a fact-checker, explaining what he meant when he used the term “elephant-bumping affairs." Buffett was gently deriding talkathons such as the World Economic Forum (WEF) and CEO summits hosted by business magazines. I was then working for Fortune magazine in New York and was the fact-checker Buffett called.

14.01 / 10:51

markets COST Target economy Election President Trump touts affordability push in Detroit speech. Why Wall Street should worry.

Subscribe to enjoy similar stories. The White House is having its “break-the-glass" moment on affordability ahead of the November midterm elections. It has Wall Street in its sights.

14.01 / 01:33

Manufacturing economy Election Bill show travelers Courts Trump predicts strong economic growth in 2026 during speech in Detroit

Subscribe to enjoy similar stories. DETROIT—President Trump said the U.S. economy was poised for solid growth this year, pointing to steadying inflation data as he sought to address one of Republicans’ biggest vulnerabilities ahead of this year’s midterm elections.

26.12 / 08:29

markets COST Tesla Trade War International Sporting The EV challenge: Ford and GM are running out of time to reinvent themselves in the wake of a Chinese expansion

The essential accoutrement for auto executives this year was a cap. As in, of the red baseball variety.

08.12 / 06:27

COST Progressive Merck Election President Vaccines Stockmarkets do not reward firms for investing in Trump’s America

Subscribe to enjoy similar stories. What do the following three companies have in common? Stellantis, owner of the Fiat, Jeep and Chrysler brands; Merck, which makes the world’s bestselling cancer drug; and Barry Callebaut, a Swiss chocolate-maker, which is particularly proud of its ruby flavour, neither sweet nor bitter. One answer: their capital-expenditure (capex) plans.

02.04 / 17:23

Progressive Racing Election President reports rights Mallory McMorrow enters Michigan Senate race, promises ‘new generation of leadership’

Mallory McMorrow has announced her candidacy for the US Senate seat, currently held by Democrat Gary Peters. Senator Peters is set to retire in 2026. The 38-year-old Democrat has become the first prominent candidate to formally enter the race. Her entry has set the stage for what is expected to be one of the most competitive and expensive senate battlers of the midterms. McMorrow, who represents a suburban Detroit district, positioned herself as a fresh alternative to the Democratic Party’s current leadership, the reports stated. The politician, in her campaign launch video, called for a ‘new generation of leadership’. She also criticised party veterans for their failure to offer a clear plan to counter President Donald Trump’s influence.

01.04 / 20:25

FIVE Career security Celebrity Basketball stars Sporting Dennis Rodman: Career, relationships and 2025 net worth of former NBA star

Dennis Rodman is a highly regarded professional basketball player, famous for his defensive and rebounding abilities in the National Basketball Association (NBA). Besides his sports career, Rodman has even had a brief stint as an actor and political diplomat. Fondly called 'The Worm,' Rodman was a member of different sides that won five championship victories. He has also secured the Defensive Player of the Year awards twice and was on top of the league in rebounds per game for a total of seven straight seasons.

27.03 / 16:27

markets Tesla Trade President Experts show exclusive Wall Street analysts say Elon Musk is the clear auto tariff winner: 'Tesla wins, Detroit bleeds'

Several analysts on Wall Street see a clear winner emerging from President Donald Trump's new auto tariff policy: Tesla.

27.03 / 14:55

Fox Action security stars reports Sporting MLB 2025 Los Angeles Dodgers vs Detroit Tigers: Schedule, prediction, key stats and more

Los Angeles Dodgers are hosting Detroit Tigers in an MLB opening day clash on Thursday at the Dodger Stadium in California. Among the major stars to remain available during the game include Freddie Freeman and Riley Greene, with Tigers being looked upon as +152 moneyline underdogs in comparison to the Dodgers (-182), Fox Sports reported. The Dodgers are 1.5-run favorite at +122 odds, while the over/under is 6.5 runs for the matchup, as per latest predictions.

19.03 / 04:02

CEO JPMorgan Universities innovations Schools rights International JPMorgan Chase CEO Jamie Dimon defends return to office policy again, says only middle managers are unhappy

JPMorgan Chase, America's largest bank, has mandated a five-day office return for employees this month, ending remote work arrangements. Advocating his work-from-office policy, he said that only middle managers are unhappy with the decision. CEO Jamie Dimon has consistently supported in-office work, citing its benefits for learning, innovation, and company culture. In an internal memo, Dimon stated, «Now is the right time to solidify our full-time in-office approach.» He added, «We think it is the best way to run the company.»

17.03 / 01:57

UPS Provident Parke President performer Department Schools The unintended consequences of Trump’s firing spree

Subscribe to enjoy similar stories. At Veterans Affairs facilities in Detroit and Denver, staff reductions have led to canceled health programs and left homeless veterans without their dedicated coordinator to help them find an apartment and line up a deposit. In Alabama, job cuts at the Education Department have slowed efforts to get disabled children access to classrooms.

13.03 / 22:35

Citi Patrick wellness Celebrity country Sporting Arsenal St Patrick's Day 2025: NBA to Premier League; here's some sporting events you can enjoy this weekend

While the consumption of «green beer» and several popular Irish beverages is one of the most common traditions associated with the festival, there's no harm in throwing a bucket of fried chicken and some great sporting fixtures in the mix.

12.03 / 21:55

Citi security Apple Cybercrime Bill information reports Delete these texts Apple or Android device before it is too late! Here's what the FBI is saying

Cybercriminals have registered more than 10,000 malicious domains to fuel these scams, which impersonate unpaid toll bills or missed delivery notifications. Victims receive urgent texts claiming they owe payments, complete with links to fake websites designed to steal credit card details, bank information, and personal data for identity theft.

11.03 / 20:09

Citi SUN show performer stage concert Billy Joel postpones tour dates to recover from surgery; check new concert schedule here

The 75-year-old has been forced to reschedule a total of eight shows since needs time to recover from an undisclosed “medical condition,” Us Weekly magazine reported.

24.02 / 17:37

markets Manufacturing Apple Software Research reports Apple announces $500-billion investment in US manufacturing: AI factory, 20,000 jobs planned

Apple has announced a massive $500 billion investment plan to enhance the United States' manufacturing capabilities.

19.02 / 12:11

markets COST Manufacturing Hyundai Trade President reports Trump is scrambling global automakers’ reliance on America

Subscribe to enjoy similar stories. Facing intense competition in China and heavy regulation in Europe, overseas automakers were counting on the U.S. to keep their engines humming.

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