Economics

The Fed declined to extend a pandemic-era rule that relaxed the amount of capital banks had to maintain against Treasurys and other holdings.

Metro Detroit's spring residential real estate market is coming in like a lion, setting a blistering pace for already frantic homebuyers who are willing to wave extra cash at any available house, a scenario where agents and brokers are working long hours to find new listings before rising interest…

In the nascent truck wars, Detroit won’t need tents. In the summer of 2018, when Tesla needed to quickly ramp up production at its Fremont, Calif., factory, the company erected a big top the size of two football fields in the parking lot. The strategy brought into stark relief the difficulty of…

Ever wondered who Americans spend the most time with? This chart assesses how many minutes per day Americans spend with different people.

Did you know that most people have to file tax returns for BOTH federal AND state income taxes? Listed below are 8 states that do not (as of 3/16/2021) have state income taxes.  Answer: 8 states including Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming Note: New Hampshire taxes investment income but will eliminate those taxes by 2024.    Questions: How does your state's tax rate compare to other neighboring states?  Do you think that states that have high state income tax rates (e.g., CA and NY) have to pay higher salaries to compensate employees for these high taxes? Why or why not? Can you name common taxes that people pay other than state and federal income taxes?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Two carts will be in available for Detroit visitors and residents to use starting Tigers' Opening Day, April 1

Jeffrey Tsang is a sailor on a cargo ship. On a recent voyage from the Red Sea to Sri Lanka to Singapore to Hong Kong, he set up

Metrics are down across the board since Trump left office

Free donuts to promote public health? Why not…

Audits aren't catching "sophisticated" evasion strategies like offshoring and pass-through business setups

A hangover from Trump-era tariff disputes could become even more painful for American whiskey distillers unless a trans-Atlantic trade fight ends soon

"It’s Nerf or nothing" just isn’t true anymore.

Numerous chemical plants were shut down as Texas lost power last month, disrupting a global supply chain for consumer goods.

Lumber prices in the US have risen sharply through 2020 and into 2021. Climate change and a beetle infestation from 20 years ago have a lot to do with it.

Since I just wrote a story about Treasury debt management, I thought this might be a great moment for an explainer thread: What is the relationship between the Federal Reserve, Treasury and money? 1/x— Victoria Guida (@vtg2) March 15, 2021

An underreported fallout from seemingly interminable government COVID rent moratoriums and rental assistance programs is the impact that more than a year of "bad" rental debt is going to have down the road for both landlords AND tenants. Ironically, contrary to what has been reported, rent…

Previous food price spikes contributed to the 2011 Arab Spring protests, and more could be on the way.

The stats body said it had considered adding face masks and face covering but decided not to because 'usage could decrease rapidly once the population have been vaccinated.'

Ocean carriers are making it more difficult and costly to ship American food exports. Industry groups want federal regulators to clamp down.

Black and Hispanic women and those without bachelor’s degrees are at risk of being left further behind as the economy slowly begins to recover.

Recent studies find that women dropped out of the labour market to school their children

The United States has its largest trade deficits with China, Canada, Mexico, Japan, and Germany. The reasons are different for each of them.

The landmark $1.9 trillion economic stimulus bill President Joe Biden is expected to sign this week promises to be a windfall for local governments in Michigan. Michigan counties, cities and townships are in line to receive $4.22 billion in stimulus aid from the American Rescue Plan, according…

Net worth—or your total amount of assets minus debt—tends to increase with age. CNBC Select breaks down the average net worth of people in their 40s and 50s.

Pandemic has hit cosmetic sales hard, with dramatic shift away from makeup and towards skincare

Investors, who flocked to companies like Zoom as the virus spread, have started to look elsewhere.