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Monday, November 17, 2025Ford Unveils New World Headquarters in Dearborn
Ford Motor Co. in Dearborn showed off its new world headquarters on Sunday, making the move from its iconic Glass House along Michigan Avenue to the original Henry and Edsel Ford Research and Engineering Center along Oakwood Boulevard, now known as the Henry Ford II World Center campus. // Photo by R.J. King Ford Motor Co. in Dearborn showed off its new world headquarters on Sunday, making the move from its iconic Glass House along Michigan Avenue to the original Henry and Edsel Ford Research and
Wednesday, November 12, 2025DTE offers assistance for federal workers impacted by shutdown
DTE Energy is offering payment relief options for federal employees impacted by the shutdown. The government shutdown has left thousands of federal workers without pay for more than 40 days creating real hardship for Michigan families. To ease this burden, eligible customers can request a 30-day pause on bill collection without penalties, providing critical breathing room during this difficult time. To request a hold, customers can call DTE at (800) 477-4747. We understand that the federal government
Wednesday, November 05, 2025APACC’s ‘Blood of the Dragon’ Event Brings Businesses Together
The Asian Pacific American Chamber of Commerce’s annual Blood of the Dragon event featured cultural performances from groups such as the Hula for Fun dancers. The 2025 Blood of the Dragon hosted every year by the Asian Pacific American Chamber of Commerce may have come at a pretty good time. With the chaotic nature of U.S. trade policy wreaking havoc on small businesses in terms of planning, hiring and costs, a culture-infused business networking event, offering guests access to corporate executives,
Friday, October 31, 2025Fed Issues Second Straight Interest Rate Cut
The Federal Reserve went months without dropping its key interest rate in 2023 and 2024. Now it has cut the rate for the second straight meeting. On Wednesday, the Fed cut its key interest rate for a second time this year, bringing the rate down to about 3.9%, from about 4.1%. as it seeks to shore up economic growth and hiring even as inflation stays elevated. “Job gains have slowed this year, and the unemployment rate has edged up but remained low through August,” the Fed said in a statement issued
Friday, October 31, 2025Federal Shutdown Could Cost Economy $14 Billion, CBO Says
If the nonpartisan Congressional Budget Office is right, the U.S. economy stands to lose somewhere between $7 billion and $14 billion because of the federal government shutdown. In a report released Wednesday, the CBO – Congress’s nonpartisan bookkeeper – said federal workers missing paychecks and the interruption of food benefits for low-income Americans are expected to temporarily lower gross domestic product by 1 to 2 percentage points in the fourth quarter of 2025, the Washington Post reported. Output
Friday, October 31, 2025Fed Reduces Rate to Under 4% For the First Time Since 2022
Key Takeaways: The Fed cut the target rate a quarter percent at their October 29 decision, as expected.The Fed also announced an end to balance sheet runoff a.k.a. Quantitative Tightening (“QT”) on Dec 1st.In the post-decision press conference, Chair Powell was noncommittal about whether the Fed would cut again at its next decision in December. Even so, Comerica continues to see an additional cut then as likely.Economic growth has likely hit an air pocket in the fourth quarter of this year, but should
Friday, October 31, 2025Amazon Ramping Up AI, Cutting 14,000 Corporate Jobs
Amazon CEO Andy Jassy said earlier this year he anticipated at generative AI would reduce the company’s corporate workforce in the next few years. That process has apparently started. The Associated Press is reporting that Amazon will cut some 14,000 corporate jobs while ramping up spending on artificial intelligence and cutting costs in other areas. Since 2024 started, Amazon has committed to about $10 billion apiece to data center projects in Mississippi, Indiana, Ohio and North Carolina while building
Friday, October 31, 2025U.S. Retailers Running Short on Pennies
In the movie “Grease,” there’s an old adage used: “See a penny, pick it up, all day long you’ll have good luck.” That may be happening a lot less often these days. President Donald Trump decided earlier this year to stop minting pennies, a decision that appears to have banks and retailers scrambling. Merchants in many areas of the country have run out of pennies and are unable to produce exact change, according to a report from The Associated Press. Banks are unable to order fresh pennies and are
Friday, October 31, 2025APEC leaders vow to connect fragmented global economy
Vietnamese President Luong Cuong speaks at the APEC CEO Summit at the Gyeongju Arts Center in North Gyeongsang Province on Thursday. PHOTO: THE KOREA HERALDGYEONGJU – Leaders from Thailand, Vietnam and the United Arab Emirates called for closer regional cooperation and open trade at the APEC CEO Summit on Thursday, warning that protectionism could undermine Asia’s growth momentum. Vietnamese President Luong Cuong urged APEC business and policy leaders to embrace “an inclusive, cooperative and
Thursday, October 30, 2025Tariff Policies Raising Expenses for Small Businesses
The cost of doing business is becoming particularly expensive for many small business owners who don’t have the volume of business that can help overcome margin challenges caused by increased expenses from tariffs. Some entrepreneurs have been forced to raise their prices to reflect their additional expenses, causing a trickle-down effect that impacts consumers. A majority of the women’s clothing and accessories carried by Detroit-based retailer The Peacock Room are made overseas, so the impact of tariffs
Thursday, October 30, 2025Interest Rate Update - Fed Lowers Rate
The Fed delivered on market expectations with a second consecutive 25 bp cut to the Fed Funds rate. The big surprise at the meeting was two voting member dissents in both directions. Recent addition Steven Miran dissented in favor of a 50 bp cut while Kansas City Fed President Jeff Schimd voted in favor of a hold at this meeting. This highlights the growing disagreement among Fed members on the forward path for rate policy. Fed Chair Powell pushed back on market expectations for another 25 bp cut at the
