City Detroit Financial News

Unifor says it has reached a tentative deal with Ford Motor Co. that could avoid workers going on strike.

BMF, based on the real-life Black Mafia Family, is gearing up for its third season. Created by Randy Huggins and produced by 50 Cent, the show chronicles the rise and fall of Big Meech and Southwest T, the founders of the criminal organization, in 1980s and 1990s Detroit. BMF, which premiered in September 2021, features a talented ensemble cast including Mo’Nique, Russell Hornsby, La La Anthony, Snoop Dogg and Wood Harris. Known for its gripping storytelling, the series has captured audiences with its portrayal of the Black Mafia Family.

By Nandita Bose

The auto workers’ strike against Detroit’s Big Three is now in its fourth day

Across the country, more indoor farms are launching or expanding even as others founder

The United Auto Workers union has made CEO pay a central part of their argument for a big worker wage increase

From picket lines in Hollywood to walkouts against Detroit automakers, it's already been a big year for labor organizing — and behind several major showdowns with enormous companies are some of America's largest unions

By David Shepardson and Tim Reid

By Heekyong Yang

Eminem and 50 Cent performed on stage together in Detroit on Sunday, September 17, 2023, at the Pine Knob Music Theatre. The two singers came together for 50 Cent’s Get Rich or Die Tryin' Anniversary celebration, as part of his The Final Lap Tour 2023. Eminem, who grew up in Detroit, appeared 30 minutes into 50 Cent's show and surprised the 15,000-strong crowd. The fans sensed that Eminem could be there in his hometown, as 50 Cent sang the 2003 song Patiently Waiting, which featured the Detroit native. Some fans had even spotted Eminem’s daughter, Hailie Jade, entering the concert venue. Eminem, who is now 50 years old, appeared in his trademark hoodie, and immediately dived into the song, followed by his song Crack a Bottle, featuring 50 Cent. The crowd went wild in what was Eminem's second appearance on a singer’s tour recently, after his surprise visit on Ed Sheeran’s tour at Ford Field in July 2023. 50 Cent posted a video of the concert on Twitter / X on September 18, with a sweet message saying, «Bro when I do anything with EM people just go crazy they know he really my boy. I love him till death! #bransoncognac #lecheminudroi #TheFinalLapTour @Eminem .»

It’s been a central argument for the United Auto Workers union: If Detroit’s three automakers raised CEO pay by 40 per cent over the past four years, workers should get similar raises.

By Paul Lienert

By David Shepardson

(Bloomberg) — The European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled a shift that could mean borrowing costs have peaked.

President Joe Biden says he’s dispatching two of his top aides to Detroit to help resolve the strike by unionized autoworkers

European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled a shift that could mean borrowing costs have peaked. US core inflation came in a bit firmer than expected, keeping open the possibility that the Federal Reserve will hike later this year after an expected pause next week. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

wage hike, including a 20% immediate increase, and improvements in benefits. What are the demands of the United Auto Workers (UAW) union? The Union is pushing automakers to eliminate the two-tier wage system under which new hires earn as much as 25% less than veterans. The UAW also wants strong salary increases, given the financial success of the automakers, citing generous executive payouts and large US federal subsidies for EV sales.

(Reuters) -The United Auto Workers (UAW) union on Friday launched strikes at three U.S. auto plants after failing to reach an agreement over new contracts, the first-ever simultaneous labor action against the Detroit Three automakers.

By David Shepardson

Bloomberg. Workers called out of a Ford Motor Co. plant in Michigan, a General Motors Co. factory in Missouri, and a Stellantis NV plant in Phio after the midnight deadline for a new contract passed.

(Reuters) — Stellantis (NYSE:STLA)' latest offer to the striking United Auto Workers includes hiking wages by 19.5% and making salaried workers hourly, The Detroit News reported on Friday, citing the union.