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Business

Fed pauses interest rate hikes in September but could raise rates again this year

Fed pauses interest rate hikes in September but could raise rates again this year

The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.

2 days ago
Here's how much it costs to raise a child in your state

Here's how much it costs to raise a child in your state

Data shows the average annual cost to raise a child rose nearly 20% between 2016 and 2021.

5 days ago
Midtown Treat Dreams location closing after 8 years in Detroit

Midtown Treat Dreams location closing after 8 years in Detroit

The Treat Dreams in Detroit's Midtown is closing this weekend after eight years in the spot. After Sunday, you can visit the other Treat Dreams locations in Ferndale, Madison Heights, and Grosse Pointe Woods.

September 15
Johnson & Johnson ditching script logo after 130 years

Johnson & Johnson ditching script logo after 130 years

The health care and pharmaceutical giant will gradually phase out the cursive script logo on its branding and products.

September 15
Map: Here's the minimum annual income required to be middle class in each state

Map: Here's the minimum annual income required to be middle class in each state

Inflation has surged in the past few years, peaking at 9% in June 2022. That means some families who were middle class in 2020 may no longer be in that category.

September 14
New job trend 'boreout' is harming America's workplaces — here's how to fix it

New job trend 'boreout' is harming America's workplaces — here's how to fix it

First it was "quiet quitters" — then it was "loud laborers."

September 13
Intuit fires back at FTC judge who said company used 'deceptive advertising' for TurboTax

Intuit fires back at FTC judge who said company used 'deceptive advertising' for TurboTax

A Federal Trade Commission judge ruled against Intuit on Friday, finding the company engaged in deceptive advertising by offering customers "free" tax preparation with TurboTax.

September 12
IRS plans to crack down on 1,600 millionaires to collect millions of dollars in past due taxes

IRS plans to crack down on 1,600 millionaires to collect millions of dollars in past due taxes

IRS Commissioner Daniel Werfel said the agency has new means of targeting wealthy people who have “cut corners” on their taxes.

September 8
Victoria's Secret overhauls its racy fashion catwalk in company's move to be inclusive

Victoria's Secret overhauls its racy fashion catwalk in company's move to be inclusive

Victoria’s Secret has been trying to reverse its image built on a man’s vision of sexiness that eventually backfired.

September 7
Bill Gates' foundation trust bets big on Bud Light comeback

Bill Gates' foundation trust bets big on Bud Light comeback

The Microsoft co-founder's foundation trust bought nearly $100 million in battered Anheuser-Busch stock.

September 7
ESPN, ABC, Disney-owned channels go dark for Charter Spectrum cable subscribers amid dispute

ESPN, ABC, Disney-owned channels go dark for Charter Spectrum cable subscribers amid dispute

Channels owned by the Walt Disney Co. such as ESPN, Disney Channel and others went dark Thursday afternoon for those who own Charter Spectrum cable. 

September 1
Bobcat Bonnie's owner plans M-Brew revival 3 years after Ferndale bar closed

Bobcat Bonnie's owner plans M-Brew revival 3 years after Ferndale bar closed

The owner of Bobcat Bonnie's and The Fly Trap Diner has purchased Ferndale's M-Brew, a spot for pinball, pizza, and beer that closed in 2020.

August 31
Black business alliance helps minority entrepreneurs navigate added challenges

Black business alliance helps minority entrepreneurs navigate added challenges

Not only do Black men and women face tougher challenges in accessing capital to finance a new business, they on average must spend $5,000 more than their non-Black peers if they want to open a store.

August 30
4 local businesses to check out while you're in Royal Oak for Arts, Beats & Eats this Labor Day weekend

4 local businesses to check out while you're in Royal Oak for Arts, Beats & Eats this Labor Day weekend

Here are four downtown Royal Oak businesses to visit while at Arts, Beats & Eats this weekend:

August 30
Amazon CEO on staff resisting return to the office: 'Probably won't work out' for them

Amazon CEO on staff resisting return to the office: 'Probably won't work out' for them

Andy Jassy set the online retail giant's return-to-office policy in May.

August 30
Pizza Cat opening 4th Michigan restaurant in Oak Park

Pizza Cat opening 4th Michigan restaurant in Oak Park

Pizza Cat is opening a new restaurant in Oak Park. It's the fourth Michigan location after opening in Detroit last year.

August 30
Twinkies maker Hostess Brands exploring sale amid interest from major companies: report

Twinkies maker Hostess Brands exploring sale amid interest from major companies: report

Hostess stock rose sharply amid reports several food companies interested in buying Twinkies maker.

August 28
Netflix kills DVD mailings, makes surprising offer to old-school members

Netflix kills DVD mailings, makes surprising offer to old-school members

Netflix is winding down its shipment of little red envelops containing DVDs, mailing the final batch on Sept. 29 after 25 years of sending subscribers DVDs by mail.

August 27
Summer spending at bars & restaurants soars as Americans overlook inflation, recession fears

Summer spending at bars & restaurants soars as Americans overlook inflation, recession fears

Sales at restaurants and bars surged from May through July compared to last year, with the recent spending trend occurring during a time of slowing menu price growth.

August 24
Dollar Tree and Family Dollar agree to improve worker safety at bargain stores

Dollar Tree and Family Dollar agree to improve worker safety at bargain stores

Dollar Tree and Family Dollar reached a settlement with U.S. regulators after facing allegations of safety violations at multiple stores.

August 23
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Trending

Detroit man accused of walking out of Michigan Sam's Club stores with carts full of liquor, seafood, more

Detroit man accused of walking out of Michigan Sam's Club stores with carts full of liquor, seafood, more

Feds: Inkster rapper 24Lik busted trying to bring gun with Glock switch into Detroit club

Feds: Inkster rapper 24Lik busted trying to bring gun with Glock switch into Detroit club

Woman charged in friend's death after she failed to stop when 23-year-old fell out of car

Woman charged in friend's death after she failed to stop when 23-year-old fell out of car

Single mother who walks to work daily, gifted a new car

Single mother who walks to work daily, gifted a new car

UAW strike: Where negotiations stand between union and Ford, General Motors, and Stellantis

UAW strike: Where negotiations stand between union and Ford, General Motors, and Stellantis

Latest News

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'Really remarkable': Missing toddler found in woods asleep on family dog

'Really remarkable': Missing toddler found in woods asleep on family dog

Ford's tentative agreement to avoid Unifor strike includes 10% wage increase in first year

Ford's tentative agreement to avoid Unifor strike includes 10% wage increase in first year

Hit-and-run driver ditches truck, leaves in another vehicle after killing man on Southfield Freeway

Hit-and-run driver ditches truck, leaves in another vehicle after killing man on Southfield Freeway

PACT Act: Detroit VA hosting veterans benefit event to help former military members get healthcare

PACT Act: Detroit VA hosting veterans benefit event to help former military members get healthcare

Speeding driver dead after crashing into both left, right freeway barrier on I-96 in Detroit

Speeding driver dead after crashing into both left, right freeway barrier on I-96 in Detroit

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