The Detroit News
Business news from Detroit and Michigan
Mix extreme heat and longer droughts, surging post-pandemic power demand, rising fossil fuel prices and a bumpy transition into renewables, and the result is a severe global power crunch.
The Fed signaled that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation.
The Justice Department on Wednesday announced the antitrust suit filed in federal court in Washington seeking to stop AONs proposed $30 billion acquisition of rival benefits and risk consultant Willis Towers Watson.
Authentic Brand Groups, which manages the Sports Illustrated brand, announced Wednesday it is teaming up with Venmo to launch SI Tix.
The airport board voted unanimously for the change Wednesday; a dedication ceremony is expected next spring.
Two studies found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic.
Stocks fell further from their records and bond yields rose, Wednesday, after the Fed signaled they may start raising interest rates in two years.
The White House believes it has an ally in the bond markets to make the case that inflation isn't an economic threat.
Pfizer expects to make enough for 3B shots in 2021, twice as much as initial projections and enough of the two-dose immunization for 1.5B people.
Huntington leaders said the new plan -- its largest ever -- is aimed at social, racial, environmental inequities across its multi-state footprint.
Demand for online hiring services, which interview job applicants remotely via laptop or phone, mushroomed during the COVID-19.
Latinas have left the U.S. workforce at rates higher than any other demographic and have had some of the highest unemployment rates throughout the pandemic.
U.S. pork plants are slowing down, threatening to derail the biggest rally pig farmers have seen in years.
Biden's biofuel targets are likely to be relatively flat or even lower as he seeks balance between blue-collar refining workers and clean-energy.