State Michigan Financial News

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

(Reuters) — The United Auto Workers (UAW) union and General Dynamics (NYSE:GD) have reached a tentative agreement over a new labor contract covering hundreds of workers at some of the U.S. defense contractor's facilities, the company said on Monday.

Investing.com — US stock futures ticked higher on Sunday night following significant weekly declines among major benchmark averages, as market participants braced for a fresh deluge of earnings results from major tech companies including Alphabet (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT).

(Reuters) — A funeral will be held on Sunday for the president of a Detroit synagogue who was killed over the weekend, according to the funeral home's website, as police searched for a motive.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla to exercise caution, see big share drop; OSHA proposes fines on GM battery plant.

By Sharon Bernstein

WASHINGTON (Reuters) -The top job in the U.S. House of Representatives remained vacant on Saturday, after hardline Republican Jim Jordan failed in his third bid for the gavel and dropped out of the race.

Federal law that prohibits insurers from denying healthcare based on preexisting conditions, or kicking dependents off their parent’s coverage until age 26 is now codified separately into Michigan law

By Shivansh Tiwary and Raechel Thankam Job

Rite Aid plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process

Comodo Motors general manager Jordan Baker joins 'The Big Money Show' to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

University of Michigan's football program is currently facing a second NCAA investigation, with the latest inquiry centered around alleged violations of rules regarding sign-stealing. These rules prohibit in-person scouting of upcoming opponents. Michigan has been frequently entangled with the NCAA in the past year. This development was initially reported by Yahoo Sports on Thursday and was subsequently confirmed by the conference through a social media announcement. The specific NCAA bylaw under scrutiny is 11.6.1, which explicitly states that «off-campus, in-person scouting of future opponents (in the same season) is prohibited.» The NCAA's regulations do not include specific rules against sign-stealing. However, they do prohibit in-person advanced scouting of opponents and have bylaws in place to prevent unsportsmanlike activities. The Wolverines, currently holding a 7-0 record, are scheduled to face Michigan State this Saturday. Meanwhile, Cincinnati transfers Aziz Bandaogo and Jamille Reynolds had waivers rejected by the NCAA last week, prompting the Bearcats to file an appeal in hopes of getting both cleared to play when the college basketball season begins in a few weeks. Bandaogo played two seasons at Akron before spending last season at Utah Valley, where the 7-footer from Senegal averaged 11.5 points and 10.4 rebounds. Reynolds spent his first two seasons with UCF which, like the Bearcats, is joining the Big 12 this season, before averaging 10.1 points in his lone season at Temple. The NCAA has strict guidelines when it comes to players transferring a second time, a topic that has angered some coaches.

Ford is naming longtime executive Kumar Galhotra as its chief operating officer as the automaker continues to deal with an ongoing strike by workers

(Reuters) — Ford Motor (NYSE:F) said late on Wednesday it is laying off another 150 workers in Michigan because of the ongoing United Auto Workers strike, bringing the total to 2,730 workers furloughed.

General Motors said Tuesday it was delaying the conversion of a plant to produce electric vehicle (EV) trucks, citing changes in demand as a factor. The company said in a statement that it would "retime the conversion" of its Orion plant in Michigan by a year to "late 2025." The goal of the move was "to better manage capital investment while aligning with evolving EV demand," according to the statement.

General Motors will delay electric pickup truck production at a factory near Detroit due to slowing U.S. demand for electric vehicles, to better manage its capital investments, and to make some engineering changes

By David Shepardson and Ben Klayman

Uniswap's V3 contracts have found a new home on the Moonbeam Network, a leading destination for multi-chain applications on Polkadot. With over $3 billion in Total Value Locked (TVL), Uniswap is a giant in the decentralized exchange (DEX) sphere. This integration, a first of its kind, extends Uniswap's availability to users on the Polkadot network, opening up new avenues through an Oku front-end and Wormhole cross-chain messages.

Ford Motor Co. Executive Chairman Bill Ford has called on autoworkers to come together and end a monthlong strike that he says could cost the company the ability to invest in the future

(Reuters) — About 3,700 Detroit casino workers are set to strike on Tuesday noon, if a contract deal is not reached, the Detroit Casino Council (DCC) said on Monday.

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.