P&G Posts Another Great Quarter During the Pandemic
Ford closes plant in Germany for 1 month as global chip shortage worsens - CNN
Ford has ordered a month-long production halt at one of its plants in Germany, the latest sign that a global shortage of computer chips is putting carmakers under increasing pressure and threatening their recovery from the pandemic.
The Promising Industry of Pet Food
3,900 Ford UAW members building Escape, Corsair lose work hours due to parts shortage
Factory making Ford Escape, Lincoln Corsair shuttered by parts shortage, workers to stay home.
Crocs shares soar on raised sales outlook through 2021
Crocs said it expects 2020 sales to grow more than 12% to a record of roughly $1.38 billion, up from a previous range calling for 5% to 7% growth.
US coffee chains face two-year recovery from COVID sales hit
The U.S. branded coffee chain segment, which is dominated by Starbucks and Dunkin’ Donuts, saw sales plunge 24% to $36 billion in the past 12 months
Minimum Wage in States 2021
Loves Furniture files Chapter 11 bankruptcy 8 months after acquiring Art Van assets
Loves Furniture Inc., the upstart furniture retailer that acquired more than two dozen Art Van stores out of bankruptcy only eight months ago, filed Chapter 11 bankruptcy in Detroit late Wednesday.The reorganization comes only weeks after the Warren-based retailer began liquidating 10 stores across…
Oil jumps, breaks above $50 for the first time since February as Saudi Arabia announces voluntary cuts
Oil prices jumped to their highest level in nearly a year on Tuesday.
Christmas tree sales are booming as pandemic-weary Americans seek solace. - The New York Times
USPS delays: 'Perfect storm' of high package volume, employees out with COVID slowing deliveries before Christmas - CNN
A historic amount of packages and rising employee Covid-19 rates are causing significant backlogs at US Postal Service processing facilities before Christmas.
Bath Savvy owner shifts focus as demand for self-care products rises during pandemic
Shannon Reaves, the owner of body care maker Bath Savvy, had to make a call in June: Reopen her retail store or cut the lease and move on. The Harper Woods resident chose the latter. She closed her shop in the Rust Belt Market in downtown Ferndale in favor of focusing her efforts online during…
Specialty clothier Ash & Erie shifts to casual wear, broader customer base
Detroit-based online retailer Ash & Erie has had great success since its start in 2015 and the clothier is determined to not let the pandemic slow its momentum.The company, which specializes in clothes for men 5 feet 8 inches and shorter, primarily has focused on clothes for professionals, but…
The Pandemic-Era Trends That Will (or Won't) Last
Christmas Tree Supply Runs Short During Pandemic
Amid crush of holiday shipping, businesses feel the pain of USPS backlogs
Amy Sternberg has been urging customers to be patient, but she's running out.Sternberg is one of many business owners dealing with delivery delays at the U.S. Postal Service during a holiday shipping crush made worse by the pandemic.Sternberg runs Artworks by Amy, curating handmade items for people…
Match Group Newsroom - Announcements
Hello Everyone, I hope that this note finds you all healthy and well. This pandemic and resulting isolation has reminded us of the deep need for human connections, people’s adaptability and...
Exclusive: Apple targets car production by 2024 and eyes 'next level' battery technology - sources | Reuters
Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.
How Oil Prices Went Subzero: Explaining the COVID-19 Oil Crash
How oil prices went negative: this explainer shows how a collapse in demand, a Saudi-Russia price war, and oversupply led to futures prices going wonky.
Bankband supply issues.PNG
Northern Michigan real estate booms as builders struggle to meet demand
Michigan builders are prioritizing the construction of higher value homes to gain more profit, a market driven in part by the pandemic
Dating Apps See Increased Engagement But Struggle to Convert it to Dollars
FedEx profit leaps on rate hikes, e-commerce shipments
U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
Michigan officials: Feds cutting COVID vaccine shipments next week
Michigan public health officials expect to receive 29 percent fewer doses of Pfizer Inc.'s COVID-19 vaccine next week, an unexplained drop in supplies on just the second full week of the state's mass inoculation of health care workers on the front lines of the pandemic. Lynn Sutfin, a…
Delays in USPS letters and packages for the holidays
The U.S. Postal Service predicts this week will be the busiest time of the season for mailing, shipping and delivery. It’s also turning out to be a season
Kate Pew Wolters: As the country ages, the market demand for direct care workers will only intensify
Imagine for a moment that your alarm goes off at 6 a.m. and it's time to go to work. But somehow you can't get out of bed. You wait. You pick up your phone and see that the person that was supposed to be your arms and your legs to get you out of bed, cleaned up and dressed and ready to make a…
Low wages, long hours contribute to a critical shortage of health care's unsung heroes
Doctors and nurses are lauded as front-line heroes in the battle against COVID-19, but direct care workers who help people at home are a less visible and relatively unheralded part of the health care ecosystem. The pandemic magnifies their long-simmering undervaluation.Direct care workers —…
The Popping IPO Market Could Be “Broken”
COVID-19 crisis likely to stop Michigan's minimum wage from rising in 2021
The COVID-19 recession is likely to sideline a minimum wage hike for Michigan workers in 2021, the state announced Friday. The minimum wage was supposed to increase to $9.87 an hour and $3.75 for tipped employees under a 2018 law legislators passed to sidestep a ballot drive that successfully…
Using a Structured Minimum Wage Debate in the Economics Classroom | Education | St. Louis Fed
Using the minimum wage as a classroom debate topic, students develop competencies in researching current issues, preparing logical arguments, thinking critically about a relevant economic issue, and formulating opinions based on evidence.