State Michigan Financial News

Someone let the inflation genie out of the bottle again, and if you wish to send a thank you note, mail it to Washington, D.C.

Subscribe to enjoy similar stories. The Trump administration has been extraordinarily blasé about falling stocks. “I can tell you that corrections are healthy, they are normal," said Scott Bessent, America’s treasury secretary on March 16th, in the government’s most recent shrug.

US economy. The outlook is bumpier than anticipated, with lower growth rates, greater inflationary pressures, and more complicated international economic and financial interactions.

A preliminary March survey of consumers showed sentiment sank by more than projected, while long-term inflation expectations jumped as the Trump administration pushes forward with higher duties on foreign goods just as price pressures showed signs of easing. Meanwhile, the UK economy shrank unexpectedly at the start of the year on weaker manufacturing and construction. In China, the economy remains hamstrung by persistent deflation.

Vice President JD Vance has found himself at the center of an online controversy following remarks he made about his wife, Usha Vance, who also holds the title of Second Lady of the United States. The incident took place during a public appearance in Michigan, where his comments quickly drew widespread criticism across social media platforms. A video capturing Vance’s statement, which he seemingly intended as a lighthearted joke, did not sit well with the internet audience. Standing with Usha positioned behind him, Vance acknowledged her contributions as Second Lady before quipping, «Here's the thing. The cameras are all on; anything I say, no matter how crazy, she has to smile, laugh and celebrate it.» True to his words, Usha responded accordingly, smiling and laughing as the gathered crowd reacted to his comment.

Donald Trump has “big” plans for the U.S. economy — a smaller public sector, overhauling global trade so that it benefits Americans and new tax policies that aim to spur growth.

The decision followed a warning by Trump that Canada would pay a «historic financial price» for its move, Daily Mail reported. The controversy started at the beginning of the week when Ontario premier Doug Ford introduced the electricity tariff as a response to US tariffs, according to the report. Ford had imposed a 25% tariff on Canadian electricity to Michigan, New York and Minnesota, as per Daily Mail. After Ford suspended the tariffs on the US, Trump agreed not to double tariffs on Canadian steel and aluminium to 50% and claimed it would remain at 25%, according to the report.

Trump's threat came after Ontario Premier Doug Ford retaliated against the US by imposing 25% tariffs on three American states—Michigan, New York, and Minnesota, and Ford also threatened to «shut the electricity off completely if America continues to escalate,» Daily Mail reported.

Ontario will impose a 25 per cent tariff on power it sends to 1.5 million homes in Minnesota, Michigan and New York in response to fresh United States levies, Premier Doug Ford announced Tuesday.

Subscribe to enjoy similar stories. A nuclear power renaissance—driven in part by power-hungry AI data centers—has revived a thorny problem: what to do with the radioactive waste left behind. Already, more than 90,000 metric tons of spent nuclear fuel is being stored at sites in 39 states.

Subscribe to enjoy similar stories. With tariffs poised to take effect on Tuesday on products from Canada and Mexico, plus threats of levies on imports from the European Union, one thing is clear: President Donald Trump likes the number 25. All of those tariffs are set at 25%, assuming no last-minute deal to lower them.

As Congress debates how to handle trillions of dollars in expiring tax breaks, lawmakers on both sides have been lobbing claims about which consumers will see the biggest benefits from extending them. Economists and tax experts say the answer isn't so straightforward.

Subscribe to enjoy similar stories. “The golden age of America begins right now." So declared Donald Trump on January 20th in his inaugural address. In the six weeks since that chilly day, investors and economists have started to grapple with a less upbeat possibility: that his arrival in the White House is both causing and coinciding with a period of weakness for America’s economy.

Subscribe to enjoy similar stories. The Federal Reserve’s preferred inflation gauge cooled in January, if economists’ forecasts are right. The Bureau of Economic Analysis is scheduled to release the latest reading for the personal consumption expenditures, or PCE, price index on Friday, Feb.

University of Michigan has uncovered that a single can of soda could cut down your lifespan by a staggering 12 minutes. With millions of Americans indulging in sugary beverages daily, this revelation is ringing alarm bells about the hidden dangers lurking in every fizzy sip.

economic uncertainty. The report suggests that consumers are becoming more cautious about spending as they anticipate higher prices and financial strain in the coming months.

yen as investors consolidated positions ahead of the weekend, looked to more inflation data next week, and kept an eye on tariff headlines. «It's a bit of consolidation ahead of the weekend. The moves lack conviction and this is still position-squaring,» said Marc Chandler, chief market strategist, at Bannockburn Global Forex in New York.

attempted homicide after allegedly travelling more than 700 miles to set fire to a home in Pennsylvania. According to reports, the attack is linked to a dispute over a woman.