State Michigan Financial News

11.02 / 01:07

markets UPS Progressive economy President show reports US inflation slows, fed rate cuts expected

US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing 3.7% in January from a year earlier. That would mark the smallest year-over-year advance since April 2021, and underscore the inroads Fed Chair Jerome Powell and his colleagues have made in beating back inflation.

10.02 / 08:27

markets UPS Citi Target Food Universities country NOT We’re Not Eating Enough Bacon, and That’s a Problem for the Economy

The American pork industry has a problem: It makes more tenderloin, ham, sausage and bacon than anybody wants to eat. From giant processors to the farmers who supply them, they are in a predicament largely of their own making. They made production so efficient that demand can’t keep up with supply.

09.02 / 15:35

Gap Remark Parke Universities Schools wrestling Penn State vs. Iowa wrestling: How and where to watch

Pioneer Showdown on Friday night, two collegiate wrestling powerhouses, Penn State and Iowa, clash in a battle between two of the top three teams in the latest NCAA rankings. Penn State (8-0) enters the showdown with momentum, riding a three-meet winning streak capped by a dominant 28-9 victory over Ohio State. Under the leadership of Coach Cael Sanderson, the Nittany Lions have shown resilience, extending their winning streak against Ohio State to nine matches while showcasing their prowess on the mat with a remarkable 23-3 overall edge in takedowns.

09.02 / 12:03

Provident Fox BAY reports Department Schools Investigations Michigan Popeyes cited for violating child labor laws due to teens working during school hours

FOX Business' Charlie Gasparino reports children are trafficked across the border by cartels and provided with fake IDs to work 'dangerous' U.S. jobs on 'The Claman Countdown.'

28.01 / 03:57

markets Citi Provident Manufacturing economy Parke country What China's EV city says about the state of the economy

HEFEI, China: Ultramodern factories churn out electric cars and solar panels in Hefei, an industrial center in the heart of central China. Broad avenues link office towers and landscaped parks. Subway lines open at a brisk pace. Yet at Hefei's market for construction materials, local merchants are gloomy. Wu Junlin, a vendor of doors, has closed two of his three stores and laid off all but one of his dozen employees.

26.01 / 23:25

markets COST Volkswagen Strategy economy performer Jack Mintz: Canada's EV strategy has cost $4 million a job

With Canadian GDP per capita dropping like a stone, what would you expect our minister of finance, Chrystia Freeland, to say last week at the elite Davos confab? “Come to Canada! We have $135 billion to give you!” is what she did say. Given our poor investment performance, it seems the only way to attract capital is to offer billions of tax dollars to foreign multinationals.

26.01 / 08:35

UPS Booking Research wellness Videos To Mute Your Spending, Make a Loud Budget

Luria Freeman called off her 30th birthday festivities with a public display of financial planning. “I have a few big financial commitments coming up this year and canceling London became the most responsible choice (boo adulthood)," the New York-based producer messaged her friends Jan 2. in a group chat, including the eight who had already said they would book the four-day trip.

25.01 / 21:19

COST UPS economy Election pandemic show reports U.S. GDP unexpectedly grew by 3.3% last quarter. What this means for the Fed

The nation’s economy grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.

25.01 / 19:55

Citi MET Election President 2020 reports travelers Biden returns to a deteriorating Wisconsin bridge to announce $5 billion for infrastructure projects

President Joe Biden has returned to the swing state of Wisconsin to announce $5 billion in federal money for upgrading the Blatnik Bridge and for dozens of similar infrastructure projects nationwide

25.01 / 14:26

markets Target CEO Hyundai Daimler testing Honda, GM fuel cell venture launches commercial production

By Joseph White

24.01 / 05:57

UPS Citi Election President students Universities show Biden to speak at United Auto Workers conference as he woos blue-collar vote in battleground states

President Joe Biden will be the keynote speaker at a United Auto Workers’ political convention as he works to sway blue-collar workers his way in critical auto-making swing states such as Michigan and Wisconsin

23.01 / 20:01

markets COST Action Gap economy show Headlines All-Time Highs Expose Increasing Disconnect Between Stock Market and Real Economy

As the stock market hit all-time highs this past week, there remains an interesting disconnect from the more dour economic concerns of the average American. A recent survey by Axios, a left-leaning website that supports the current Administration, addressed this issue:

23.01 / 17:28

UPS Booking Election Opinion Death President 2020 Joe Biden chose Kamala Harris as running mate in 2020 election under pressure from Barack Obama, reveals book

Kamala Harris was not Joe Biden's first choice as his running mate because he knew that she was not up to the job. He preferred Michigan Gov. Gretchen Whitmer as his running mate in 2020 but succumbed to public pressure. Veteran Washington journalist Charlie Spiering has made this startling revelation in his book 'Amateur Hour: Kamala Harris in the White House'. He has written in the book that Biden chose Harris days before that year’s virtual Democratic National Convention after promising to select a woman. He also wrote that Biden chose Kamala Harris under pressure from former President Barack Obama.

22.01 / 20:45

UPS SUN Continental cover Northern lights to be observed in over a dozen states in US on Monday night — Where and how to watch?

northern lights or aurora borealis being noticeable in certain US states. It was observed by the NOAA's Space Weather Prediction Center on Saturday that a corneal mass emission or a discharge of solar material elevating off of the sun. It is predicted to be causing up to average geomagnetic storming.

21.01 / 08:11

markets UPS Manufacturing wellness reports Ford cuts production of F-150 Lightning pickup on weaker-than-expected electric vehicle sales growth

Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth

19.01 / 18:47

markets UPS Reuters Universities Bitcoin show track Weekly Rate Cut Dollar poised for weekly gain as rate cut hopes fade

dollar advanced on Friday and was poised for a weekly gain, as recent economic data and comments from Federal Reserve officials have cooled expectations of rapid cuts in interest rates. Economic data showed the University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 78.8 this month, the highest reading since July 2021, compared with 69.7 in December and the 70.0 estimate of economists polled by Reuters. «The doom and gloom crew is very vocal, especially among politicians,» said Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wisconsin. «Yet, businesses and individuals have been quietly plugging away, trying to make the best of their situations.

19.01 / 01:43

markets DOW Apple Trade reports Dow futures waver as market awaits further earnings

Investing.com — US stock futures moved minimally in Thursday's evening trade, following a positive session from major benchmark averages.

18.01 / 18:09

UPS Tesla Universities performer electronic reports travelers Frigid weather can cut electric vehicle range and make charging tough. Here's what you need to know

For nearly a week, frigid temperatures from Chicago to northern Texas have made life difficult for electric-vehicle drivers

18.01 / 12:51

UPS Reuters Election President show Interviews Biden allies plot to thwart third party bids that threaten his reelection

By Jarrett Renshaw

17.01 / 23:49

FIVE CEO JPMorgan security wellness Profiles Rockefeller continues roll in hiring advisors as 2024 kicks off

Rockefeller Capital Management, which has seen strong net gains of hundreds of financial advisors over the past several years, started 2024 by hiring two teams, one from Merrill Lynch and the other from UBS, which combined had worked with more than $5 billion in client assets at their previous firms.

15.01 / 23:41

Twitter Digital CEO Platform social Features elon Elon Musk's X receives money transmitter license in Utah

(Reuters) — Elon Musk's social media platform X, formerly known as Twitter, on Monday received a money-transmitter license from Utah, the 15th U.S. state to grant approval as the company explores offering payment features.

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