Budget office projects 4.6% growth in Biden’s first year

The 10-year outlook issued Monday said the economic recovery from the coronavirus has been boosted by an unprecedented wave of government spending

| 49 mins ago

US factories grew in January, but at a slower pace

American factories continued to expand in January, but at slower pace than December

| 1 hour ago

Self-employed, gig workers now able to get extra $300 in jobless aid

Workers relying on jobless aid in the form of Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation can now reopen or certify their claims

| 2 hours ago

Stocks climb in calmer trading, while silver prices jump

Stocks are off to a strong start on Wall Street as trading stabilizes following a week that left the market with its worst weekly loss since October

| 37 mins ago

Ex-Googler turns virtual gifts into a $61 billion business

Kuaishou Technology has become the biggest live-streaming platform for virtual gifts, with more paying monthly users than any other in the world

| 2 hours ago

UM leads project to give Ann Arbor ‘smart intersections’

Cars in Ann Arbor will soon be able to alert their drivers of potential road dangers when passing through certain intersections

| 14 hours ago

Roak Brewing announces permanent closure of Royal Oak taproom

Royal Oak's Roak Brewing on Sunday announced the permanent closure of its Lincoln Ave. taproom. Its beers will now be brewed in Marshall.

| 14 hours ago

Cut bills, added roommates: How restaurant workers cope in crisis

Those that are working face inconsistent income, fewer shifts or bigger workloads as dining restrictions and the pandemic continue

| 1 day ago

MI Dream Home: “Castle” offers space to live like king, queen

13,000 square-foot home, complete with gargoyles and 'dungeon' in Niles for sale for $3.95M

| 2 days ago

Toys R Us retrenches again, shutters its last 2 US stores

The only two Toys R Us stores that opened in November 2019 as part of a small U.S. comeback attempt by the iconic toy chain have now closed

| 2 days ago

A guide to surviving financially as the bills come due

The coronavirus has dealt a financial blow to millions of Americans and now April’s bills are coming due. The good news is there is help available

Home Point cuts IPO price, goes public, closes down 13% on first day

The more than $94 million valuation is well shy of the $237.5 million offering the mortgage lender had proposed earlier this month.

| 2 days ago

GameStop roller coaster heads back up as markets post down week

GameStop's sharp rise Friday ran counter to the broader market, as pessimism tied to dismal economic data and anxiety over trading chaos took hold

| 2 days ago

GameStop soars again; Wall Street bends under the pressure

Worries are growing about how much damage the frenzy over a handful of companies by Main Street investors will do to Wall Street overall

| 2 days ago

State authorizes new round of online gambling platforms

Odawa and Greektown will be the ninth and 10th casinos, respectively, to offer both online gaming and sports betting in the state

| 2 days ago

Robinhood fallout sweeps market after firm’s $1 billion lifeline

The Reddit hordes were at it again Friday, once again bidding up shares of GameStop Corp

| 3 days ago

Enbridge gets state permits for Line 5 tunnel

Michigan environmental officials granted Enbridge Energy the final state-level permit approvals the company needs to construct a nearly 4-mile tunnelc

| 3 days ago

US contract signings to buy homes hits record for December

Contract signings are considered a barometer of purchases that will take place the next one to two months

| 3 days ago

US employment costs rise modestly in fourth quarter

Total U.S. workers compensation rose 0.7% in the October-December quarter, an increase over the previous two quarters

| 3 days ago

Johnson & Johnson 1-dose shot prevents COVID-19, but less well than others

The single-shot vaccine was 66% effective overall at preventing moderate to severe illness, and more protective – 85% – against more serious symptoms

| 3 days ago

A new stage: Dr Martens valued at $5 billion in share sale

Shares in the company which pioneered the air-cushioned sole will go on public sale on Wednesday

| 3 days ago

GameStop and other stocks targeted by Reddit users plummet

Shares of GameStop and other companies plummeted in regular trading Thursday even as leading brokerages moved to limit trading in the stocks

| 3 days ago

Robinhood users suing over trade limits face high legal bar

Frustrated investors who sued after getting locked out of trading in frenzied shares like GameStop aren’t likely to have much luck in court either

| 3 days ago

2020 was the worst year for economic growth since the Second World War

The U.S. economy shrank by 3.5% in 2020, as the coronavirus pandemic ravaged factories, businesses and households

| 3 days ago

Brokerages limit trading in GameStop, sparking outcry

The online platform Robinhood will restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors

| 3 days ago

Stocks claw back some lost ground; GameStop swings wildly

Major stock indexes clawed back some of the ground they lost a day earlier in their biggest loss since October

| 3 days ago

Michigan GOP leaders push for schools, restaurants to reopen

The Republican leaders of the Michigan Legislature called for reopening in-person instruction at schools and indoor dining at restaurants Thursday.

| 3 days ago

Apple CEO lambasts tech rivals ahead of privacy update

Apple is getting ready to to roll out a new privacy control in the early spring to prevent iPhone apps from secretly shadowing people

| 3 days ago

US economy shrank 3.5% in 2020 after growing 4% last quarter

The U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years

| 3 days ago

New home sales rise in December after sharp November drop

Sales of new homes rose 1.6% in December after a big decline in November that was even worse than previously thought

| 4 days ago

US jobless claims drop; still at 847,000 as pandemic rages

Overall, nearly 4.8 million Americans are continuing to receive traditional state unemployment benefits.

| 4 days ago

Apple posts big quarter on fast sales start for iPhone 12

Apple’s iPhone sales during the October-December period totaled $65.6 billion, a 17% increase from the same time in the previous year

| 4 days ago

Michigan billionaire winner in GameStop’s wild ascent

GameStop's movement has driven up significantly the net worth of Donald Foss, founder of Southfield-based subprime auto lender Credit Acceptance Corp.

| 4 days ago

In fight over GameStop, smaller investors outduel big funds

On Wall Street, GameStop has become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%

| 4 days ago

Stocks have their worst day since October as Big Tech sinks

The stock market posted its biggest drop since October Wednesday, led by declines in several Big Tech companies

| 4 days ago

Yellen ‘monitoring’ GameStop market activity

Janet Yellen and the Biden administration’s economic team are watching stock market activity around GameStop Corp

| 4 days ago

Fed stresses its commitment to low rates for the long run

The Fed pledged to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic

| 4 days ago

Apple urges security upgrade to iPhones, iPads

Apple is urging iPhone and iPad users to update their devices to fix security flaws that might have been “actively exploited” by hackers

| 4 days ago

Walmart to build more robot-filled warehouses at stores

Walmart hopes the warehouses will speed up curbside pickups

| 5 days ago

AMC erases pandemic plunge after shares quadruple

The cinema operator is among a number of heavily shorted stocks rallying this week

| 5 days ago