Business Activity Passes 5-Year High: Report
U.S. business activity reached a more than five-year high in September, but the resulting activity appears to be straining supply chains and causing higher prices. Reuters reported that S&P Global said on Wednesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 58.4 this month, its highest level since July 2021 and higher than the 56.0 reading registered in August. A reading above 50 indicates expansion in the private sector. The rise in the
Detroit Gets New Economic Development Chief
Olga Stella, a veteran of the economic development scene around metro Detroit, is the city’s new Chief of Economic Development and Workforce. Stella was appointed by Detroit Mayor Mary Sheffield earlier this month. According to a release from the city, Stella has spent her career as a leader in economic and business growth, community revitalization, and Detroit‘s creative economy. Most recently, she served as Vice President of Strategy and Communication at the College for Creative Studies, where officials
Global hopes for stability hinge on President Xi’s US visit
Observers say high-level engagement will shore up confidence in a turbulent world. By RENA LI in Los Angeles, YANG HAN in Hong Kong and YANG RAN in Beijing President Xi Jinping's upcoming visit to the United States is garnering widespread global attention, as the high-level engagement between China and the US is expected to steer bilateral relations toward stability and shore up confidence in a turbulent world. Xi will make a state visit to the US from Wednesday to Friday, at the invitation of US
U.S.-Canada Trade War Escalates
By Brad Kadrich The U.S. trade war with Canada shows no sign of letting up any time soon. In the latest escalation, President Donald Trump said Tuesday he’s banning the importing of some dairy products, motorcycles and most alcoholic beverages from Canada, the country’s #2 trading partner. The move comes after Canada’s own retaliatory tariffs kicked in Tuesday on some $20 billion of U.S. imports. Those tariffs were imposed by Canada in response to earlier tariffs added by Trump. The ban takes effect Sept.
Seoul picks Texas power plant as 1st project under US investment package
By Son Ji-hyoung South Korea on Tuesday named a combined-cycle gas power plant in Texas as its first US investment under a $350 billion package signed last year. Backed by South Korea's investment commitment, the new plant in Encinal, Texas, will supply power to nearby artificial intelligence data centers and semiconductor plants. The plans were reported to the National Assembly by the Ministry of Trade, Industry and Resources and the Ministry of Finance and Economy. If the decision is confirmed, it
Shark Tank Stars Kick Off Grand Rapids Tech Week
By Brad Kadrich GRAND RAPIDS – The Right Place, Inc. launched its fifth annual Tech Week event Monday with a fireside chat with Daymond John and Robert Herjavec, both successful entrepreneurs and stars of ABC’s Shark Tank, at the Tech Week Grand Rapids 2026 Kick-Off event at GLC Live at 20 Monroe. More than 1,000 area business leaders, professionals and students attended the official start of the week-long event that features more than 150 events across the Greater Grand Rapids area. The Sharks conversation
Detroit Metro Airport Ranks No. 2 in JD Power 2026 North America Airport Satisfaction Study
Detroit Metropolitan Wayne County Airport in Romulus ranked second in the JD Power 2026 North America Airport Satisfaction Study released today. By R.J. King Detroit Metropolitan Wayne County Airport in Romulus ranked second in the JD Power 2026 North America Airport Satisfaction Study released today. While crowded terminals and full flights are not typically the best recipe for a positive airport experience, the study suggests the nation’s airports are finding ways to defy the odds. Detroit Metro
Detroit to Host Inaugural Michelin Guide American Great Lakes Ceremony in April 2027
Detroit has been selected to host the inaugural Michelin Guide American Great Lakes Ceremony on the evening of April 21, 2027. Michigan Central will provide the backdrop for the event.By Tim Keenan Detroit has been selected to host the inaugural Michelin Guide American Great Lakes Ceremony on the evening of April 21, 2027. Michigan Central will provide the backdrop for the event. “We are delighted to recognize and showcase the outstanding culinary talent found throughout the American Great Lakes for the
Fifth Third Bancorp Completes Comerica Technology and Brand Conversion
DBusiness Magazine: Fifth Third Bancorp today announced it has completed the technical conversion of approximately 600,000 customers’ accounts and 293 banking centers across Michigan, Arizona, California, Florida, and Texas from the Comerica franchise. By Tim Keenan Fifth Third Bancorp today announced it has completed the technical conversion of approximately 600,000 customers’ accounts and 293 banking centers across Michigan, Arizona, California, Florida, and Texas from the Comerica franchise. Executed
https://www.dbusiness.com/daily-news/michigan-secures-145m-in-funding-for-passenger-rail-improvement
The state of Michigan has been awarded $145 million in federal funding to advance three projects that are expected to strengthen the state’s passenger rail infrastructure and support more reliable connections between Michigan communities and major Midwest destinations, including Chicago.By Tim Keenan The state of Michigan has been awarded $145 million in federal funding to advance three projects that are expected to strengthen the state’s passenger rail infrastructure and support more reliable connections
