State Michigan Financial News

BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers

By David Shepardson

Israeli Prime Minister Benjamin Netanyahu said on Sunday that “no international pressure will stop us from realizing all of the goals of the war: Eliminating Hamas, freeing all of our hostages and ensuring that Gaza never again constitutes a threat to Israel." That this is interpreted as a challenge to President Biden speaks volumes about the shift in U.S. policy toward Israel. The joke around Jerusalem is that while Mr.

Bill Ford, executive chair of Ford Motor Co., and his wife Lisa Ford are raising $10 million to help ten Detroit nonprofits serving young people start endowments

big celestial event, several parts of the world are set to witness a Total Solar Eclipse on April 8, 2024, the National Aeronautics and Space Administration (NASA) said. The total solar eclipse--where the Moon passes between the Sun and Earth, completely blocks the face of the Sun, and casts a shadow on Earth— will cross North America, passing over Mexico, the US, and Canada in the second week of April. Though such celestial events are common, but the solar eclipse falling this April is very rare given its recurrence at a particular location.

Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing

inflation has slowed sharply, petrol prices are down, jobs are plentiful, incomes are rising and the stockmarket is strong. But survey after survey suggests that Americans are in fact quite unhappy. They think that the economy is in bad shape and that President Joe Biden is mismanaging it.

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By Stephanie Kelly

Investing.com-- The S&P 500 slipped to a second-weekly loss Friday, as tech was pressured by rising Treasury yields on jitters the Federal Reserve is likely to stress the need for interest rates to remain higher for longer following data showing inflation continues to run hot.

By Gertrude Chavez-Dreyfuss and Iain Withers

By Andrea Shalal and Nandita Bose

India has made «outstanding progress» under the leadership of Prime Minister Narendra Modi from being the 10th largest economy of the world to soon to be the third largest, a popular Indian American Congressman has said, adding that a revolution is going on in India because of digitisation. «The progress (of India) is outstanding (in the last 10 years). When I think Prime Minister Modi was elected, India was like the 10th economy in the world, then it became the fifth economy and very soon to be the third largest economy in the world. So there is absolutely no doubt that India has made amazing progress,» Indian American Congressman Shri Thanedar told PTI in an interview. Thanedar, 69, represents the 13th Congressional District of Michigan and is highly popular among Indian Americans across the country. A Marathi speaker, he travels to various parts of the US, meeting and interacting with various Indian American groups and organisations. He was in India as part of a Congressional delegation last August. «It's a country of young people. I think it has more young people, percentage wise than most nations. That is the strength of India. India has now embraced technology. We are seeing the digitalisation of the financial systems, the banking systems. That digitalisation, that progress, that technology has reached smaller towns, villages. So there is a revolution going on in India,» Thanedar said.

By David Shepardson

By Jonathan Stempel

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Pity America’s dog owners! As warm weather descends, communities in the US from California to Arizona to Michigan have announced stricter enforcement of leash laws. I do not have a dog in this particular fight, but I do have an interest in bits of social history that tend to be overlooked. And a glance at the history of leash laws tells us why they’re likely to stick around: Because someone always comes up with a new reason why they’re important.

This week will be dominated by inflation data and the bond auction returning to the 1 PM ET time slot. Today, a 3-year Treasury auction will be at 1 PM ET.

Michael Polsky is getting into fights all over the country. The Chicago billionaire, a Ukrainian immigrant who made his fortune through wind, solar and other renewable-energy projects, wants to build a lot more. And he also wants to build natural-gas-fired power plants.

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Tornado Watch has been issued for a significant portion of the Florida Panhandle, southeastern Alabama, and parts of southern Georgia on Saturday, coinciding with the passage of a cold front through the area. This watch encompasses areas such as Panama City and Tallahassee in Florida, as well as Valdosta and Savannah in Georgia. The severe storms have the potential to unleash gusts of up to 70 mph and produce large hail, in addition to posing a tornado threat, as per a report in Fox Weather. In South Carolina, heavy downpours coinciding with high tides led to Flash Flood Warnings being issued in Charleston, where storms dumped close to 2 inches of rainfall within a span of three hours.