State Michigan Financial News
16.09 / 01:13
15.09 / 17:44
Deal
Auto union plans strikes at factories in Wentzville, Missouri; Toledo, Ohio, and Wayne, Michigan, if no deal reached
Auto union plans strikes at factories in Wentzville, Missouri; Toledo, Ohio, and Wayne, Michigan, if no deal reached
15.09 / 17:44
Provident
Inside
Detroit-area businessman gets more than 2 years in prison for paying bribes for marijuana license
A Detroit-area businessman has been sentenced to more than two years in federal prison for bribing the head of a Michigan marijuana licensing board
15.09 / 17:44
COST
UPS
Target
Progressive
stake
What's at stake as 13,000 workers go on strike at major US auto makers
About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers
15.09 / 17:43
Target
Remark
Biden sending aides to Detroit to address autoworkers strike, says 'record profits' should be shared
President Joe Biden says he’s dispatching two of his top aides to Detroit to help resolve the strike by unionized autoworkers
15.09 / 17:43
UPS
Citi
country
US casinos have their best July ever, winning nearly $5.4B from gamblers
Commercial casinos in the U.S. had their best July ever this year, winning nearly $5.4 billion from gamblers, according to a national gambling industry group
15.09 / 17:43
COST
UPS
Target
CEO
Workers strike at all 3 Detroit automakers in a battle for a bigger share of industry profits
About 13,000 U.S. auto workers have stopped making vehicles and headed for the picket lines
15.09 / 16:49
UPS
Reuters
Action
CME
show
Weekly
Dollar lower after data but set for ninth straight weekly gain
The University of Michigan's preliminary reading of its Consumer Sentiment Index dropped to 67.7 this month from a final reading of 69.5 in August and below the forecast of 69.1 among economists polled by Reuters. However, consumers saw inflation lower on both a one-year and five-year basis. Earlier data from the Labor Department showed import prices increased 0.5% last month as fuel prices jumped, but underlying price pressures stayed subdued while a separate report from the New York Fed showed factory activity picked up in the state in September. «None of the data currently points to a recession.
15.09 / 14:29
Lowe's
Reuters
show
U.S. consumer sentiment slips again but inflation outlook improves
(Reuters) — U.S. consumer sentiment edged lower for a second straight month in September but their economic outlook brightened modestly as household expectations for near-term inflation fell to the lowest in more than a year, a survey released on Friday showed.
15.09 / 13:45
Target
Action
Strategy
show
cover
UAW
fall
Detroit 3 fall as UAW begins strike
The stock prices of Detroit automakers General Motors (NYSE:GM) and Ford (NYSE:F) have declined in pre-market trading Friday, while Stellantis (NYSE:STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.
15.09 / 13:45
15.09 / 10:41
UPS
NASDAQ
DOW
Dow futures higher; Arm Holdings, Michigan consumer sentiment in focus
Investing.com — U.S. stock futures traded in a mixed fashion Friday amid a degree of caution, as a positive week ends with the release of a fresh batch of widely-watched economic data.
15.09 / 09:51
Chevrolet
UAW
Factbox-Detroit Three plants where UAW is on strike
(Reuters) — The United Auto Workers union began unprecedented, simultaneous walkouts at General Motors (NYSE:GM), Ford (NYSE:F) and Chrysler parent Stellantis (NYSE:STLA)' U.S. operations early on Friday after failing to reach pay deals with the automakers.
15.09 / 04:37
COST
CEO
Gap
FLEX
About 13,000 workers go on strike seeking better wages and benefits from Detroit’s three automakers
strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members of the United Auto Workers union began picketing at a General Motors assembly plant in Wentzville, Missouri, a Ford factory in Wayne, Michigan, near Detroit, and a Stellantis Jeep plant in Toledo, Ohio. It was the first time in the union’s 88-year history that it walked out on all three companies simultaneously as four-year contracts with the companies expired at 11:59 p.m. Thursday. The strike will likely chart the future of the union and of America’s homegrown auto industry at a time when U.S.
14.09 / 11:37
Lowe's
FIVE
cover
social
Household incomes fell in a third of states last year
Household incomes fell in a third of all states nationwide last year, while just five saw median income levels improve, according US Census Bureau data.
13.09 / 16:17
13.09 / 16:17
Entertainment
BAY
show
social
MGM
open
FBI investigates cybersecurity issue at MGM Resorts while casinos and hotels stay open across US
Casino operator MGM Resorts International says resorts are open despite a cybersecurity issue that led to the shutdown of its computer systems across the U.S. The FBI on Tuesday characterized its investigation as ongoing but offered no additional infor...
13.09 / 16:17
Ford
Career
Manufacturing
Airlines
Auto workers strike would test Biden's assertion he's the 'most pro-union president in US history'
The prospect of an auto workers strike could test Joe Biden’s treasured assertion he’s the most pro-union president in U.S. history
13.09 / 13:11
UPS
Racing
Toyota
performer
Ford announces leadership changes, adding more family to the mix
Ford says the great-great-granddaughter and great-great-grandson of founder Henry Ford would be taking on leadership roles in the company
12.09 / 19:35
UPS
Racing
Toyota
performer
Ford announces leadership changes, adding more family to the mix
Ford says the great-great-granddaughter and great-great-grandson of founder Henry Ford would be taking on leadership roles in the company
12.09 / 19:35
BLOCK
Waters
Ford
CEO
awards
Eagle
Department
Support
Defense Department awards $20.6 million to support nickel prospecting in Minnesota and Michigan
The Department of Defense has awarded $20.6 million to developers of the proposed Talon nickel mine in Minnesota under a program to strengthen domestic supply chains for critical minerals
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