Supply & Demand

The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable.

Producers have raised prices for corrugated cardboard, adding to supply-chain woes as the economy reopens.

ALBUQUERQUE, N.M. (AP) — Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert....

Some experts think rising mortgage rates could cool the market.

Under new President Joe Biden, residential real estate is likely to see positive trends toward first-time home buyers' incentives, updated fair-housing policies and additional moratoriums on homeowner foreclosures due to the pandemic, all efforts that national trade associations and metro Detroit…

PORTAGE — Pfizer Inc. is expected to start building a new pharmaceutical production facility in West Michigan.The drugmaker will break ground Wednesday on the multistory, 420,000-square-foot building on Pfizer's global manufacturing campus in Portage, MLive.com reported.It is expected to…

Answer: 63% Questions:   Would you consider buying a house that you couldn’t see in person?  What do you think home buyers might miss if they rely strictly on online sources of information? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times):  Sixty-three percent of buyers who used Redfin in November and December went on to make an offer on a home they hadn’t seen in person, and monthly views of 3-D walk-throughs on the site are up more than 500 percent since February 2020. “In this market, because the homes are gone so quickly, if I had contacted the agent and set up a showing, by then they could have had five other offers,” Ms.

For the past 11 months, Birmingham-based Griffin Claw Brewing Co. has made and bottled its own brand of hand sanitizer."Our goal was just to help in any way we could," said Chris Lasher, marketing director for the craft brewer.Last March, Griffin Claw, known for its popular beers such as Norm's…

A microchip shortage that has idled several automaker plants around the globe — General Motors hit pause on production in February at three plants that are expected to remain shuttered until at least mid-March — and shifting auto supplier production is being blamed on a spending glut…

Some parts of Texas were colder than Alaska

It was only in June that news was first revealed about a 16-story residential tower planned for Detroit's Greektown neighborhood, the first new residential units in that area in decades. Now construction of the $64.6 million building — $45 million in construction costs and the rest in soft…

After a pandemic-fueled boom, U.S. pizza sales appear to be headed back to earth.Domino's and Papa John's pizza chains both said Thursday that their same-store sales lost steam in the fourth quarter compared to the huge increases they saw earlier in 2020. Same-store sales are expected to continue…

Since it was completed in 1869, the Suez Canal has been one of the world's most important bodies of water; a portal between East and West that has been controlled by multiple countries, threatened to ignite war, and become a bedrock of the global economy.

Sales of newly built homes fell more than expected in February, as builders faced higher costs and persistent delays.

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…

Metrics are down across the board since Trump left office

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.

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.

As retailers like Urban Outfitters, Gap and Nordstrom prepare for customers to refresh their wardrobes, they continue to face congested ports.

COPENHAGEN, Denmark (AP) — Sales of Lego sets surged last year as more children stayed home during global pandemic lockdowns - and parents bought the colorful plastic brick toys to keep them...

Disney is the first traditional media company to nail streaming.

At $3.29 million, Unit 300 at 1529 Broadway St. in downtown Detroit is the most expensive condominium on the market in the city, raising a debate on whether its 24-foot ceilings and luxury amenities justify its eyebrow-raising price tag, especially when urban condos are slumping in an otherwise hot…

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,…