Economics

The story of the day the Federal Reserve got its independence and the fight — an actual physical fight — to keep it. | Subscribe to our weekly newsletter here.

The persistent racial wealth gap is pushing pro athletes to champion financial literacy for Black kids and teens. They are doing everything from going into scho…

Central bankers have said they aren’t worried about a pop in longer-term bond yields. If they do become concerned, they have some options.

Powell said he expects some inflationary pressures in the time ahead but they likely won't be enough to spur the central bank to hike interest rates.

After the unprecedented winter storm in Texas and other states last month, automakers and suppliers could be slammed by yet another devastating parts shortage that could idle seating plants as early as next week. The blizzard halted the region's critical petrochemical plants, which could lead to…

You're reading that right. Three properties on the Detroit riverfront have been listed for sale for a combined $150 million. Owner Michael Shaya confirmed to me this morning that his properties at 265 Riopelle ($10 million), 600 Woodbridge ($60 million) and 1000 Woodbridge ($80 million) were not,…

U.S. mall values plunged an average 60% after appraisals in 2020, a sign of more pain to come for retail properties even as the economy emerges from pandemic-enforced lockdowns.About $4 billion in value was erased from 118 retail-anchored properties with commercial mortgage-backed securities debt…

Answer: 70-80% Questions: If 70-80% of jobs are never advertised, how do you think that most people find jobs?  For those who have jobs/had jobs, what was your process to find work? What do you think are the skills needed to be an effective networker? Here are the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Payscale) : “At least 70 percent, if not 80 percent, of jobs are not published, ” Matt Youngquist, president of Career Horizons told NPR.

A Detroit-based clothing brand is getting the chance to sell some of its pieces inside one of the state's biggest retailers as a way to support high school and college students.Merit Goodness, a fashion brand established in 2012, has two of its products on the shelves of Meijer's two Detroit…

The Tigers open the season April 1 at home against the Cleveland Indians.

It appears Comerica Park will have at least some fans in the ballpark for the Detroit Tigers' season opener.With newly announced rules allowing for up to 1,000 people at large outdoor entertainment facilities, the 41,083-seat Detroit stadium won't be empty aside from players, staff and media as it…

The emerging response to a catastrophe that caused one of the worst outages in U.S. history is not the usual one in Texas: demands for more regulation

Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.

Louis DeJoy testified about shortfalls at the U.S. Postal Service. Despite calls for his resignation, DeJoy said he plans to follow through on an overhaul plan. "Get used to me," he said.

A recent avocado shortage has sent the fruit's price soaring. Here's how local restaurants and chains like Chipotle, Dos Toros, and Qdoba are coping.

Paul Krugman writes that the crisis in Texas proves that deregulation of such life-and-death commodities as electricity are not a good candidate for deregulation.

We answered five big, basic questions about non-fungible tokens.

The Senate Appropriations Committee voted 11-6 to include the restriction in a spending bill that primarily allocates federal relief funding.

A fast-growing market for digital art, ephemera and media is marrying the world’s taste for collectibles with cutting-edge technology.

Non-fungible tokens are all the rage right now

We answered five big, basic questions about non-fungible tokens.

The action follows calls from bipartisan members of Congress and industry leaders warning about the potential consequences of the shortage.

Many economists agree that runaway inflation isn’t a major concern, at least in the short term

The blog and personal website of Eugene Wei

Understanding how investors measure a company’s worth