Supply & Demand

People are dressing up again—sort of—as they get vaccinated, venture out to social events and prepare to return to work, and the fashion industry is preparing for a major surge in sales.

“We have a couple of years until we catch up to this surging demand across every aspect of the business,” new Intel CEO Pat Gelsinger said.

Many restaurant owners say there’s a short supply of chicken wings and they’re struggling to get them.

Hertz, Avis and Enterprise sold enough of their fleets during the pandemic to create a shortage now that demand is picking up ahead of the summer travel season.

A lot of gig workers in the United States should be classified as "employees" who deserve work benefits, President Biden's labor secretary said on Thursday, suggesting a shift in policy that is likely to raise costs for companies that depend on contractors such as Uber (UBER.N) and Lyft (LYFT.O).

Amazon.com Inc (AMZN.O), one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.

Nexteer Automotive said the chip shortage has sparked volatility in automaker assembly plants, but the company still anticipates total bookings to surge to $6.4 billion this year. The steering and driveline systems supplier saw bookings of $3.7 billion in 2020. Auburn Hills-based Nexteer,…

Michigan’s child care sector is gearing up for perhaps its highest stakes policy debate ever, with $1.4 billion in federal coronavirus pandemic aid on the line. Just about everyone involved in caring for Michigan’s youngest students agrees the money is badly needed. Shortages of child care slots…

Ford Motor Co. on Wednesday posted its highest first-quarter net income in a decade but said it could lose half of planned production in the second quarter due to the semiconductor shortage that has halted some high-profit assembly lines. The automaker said it earned $3.3 billion from January…

Listeners may need to get more accustomed to paying for their favorite shows.

U-Haul marketing president said Hawaii U-Haul facilities are the busiest they’ve been in years.

The only thing separating Kelley Miller from living in a nursing home is a registered nurse and aide caring for her around-the-clock inside the 54-year-old quadriplegic woman's home in the mid-Michigan village of Mulliken. Paralyzed from the neck down in a 2011 car accident, Miller relies on a…

NEW DELHI (AP) — India put oxygen tankers on special express trains as major hospitals in New Delhi begged on social media on Friday for more supplies to save COVID-19 patients who are struggling to breathe. More than a dozen people died when an oxygen-fed fire ripped through a coronavirus ward in a populous western state. India’s underfunded health system is tattering as the world’s worst coronavirus surge wears out the nation, which set a global record in daily infections for a second straight day with 332,730. India has confirmed 16 million cases so far, second only to the United States in a country of nearly 1.4 billion people. India has recorded 2,263 deaths in the past 24 hours for a total of 186,920.

The company, Bundled, hires workers with disabilities through the Dearborn-based nonprofit Services To Enhance Potential to create the gift packages.

Ford Motor Co. CEO Jim Farley said the worsening semiconductor shortage has prompted "perhaps the greatest supply shock" he's ever seen, as auto dealer lots dry up and the company juggles production shutdowns across the globe. Speaking to Automotive News Group Publisher KC Crain as part of…

Shares of Chipotle Mexican Grill have nearly doubled in value over the last year, giving the company a market value of $42.8 billion.

Will tax incentives for businesses help?

Nothing is more important to us than the health and safety of our employees and guests. While public tours of our Fulfillment Centers remain paused due to Covid-19, we invite you to join us for a virtual tour.

At risk of losing control of one of their key projects under terms of a development agreement with teeth, the Ilitch family has met all of the redevelopment milestones the city has required of them for the Hotel Eddystone so far. The Detroit Economic Growth Corp. says the remaining milestone &…

As a sale appears likely following a mortgage default, the Fairlane Town Center shopping mall in Dearborn is worth less than half what it was when it was bought more than six years ago. Data provided by New York City-based Trepp LLC shows that Fairlane, located at 18900 Michigan Ave., is worth just…

Metro Detroit's single-family home shopping spree is likely to continue well into fall as buyers and Realtors aggressively seek new house listings, drop contingencies to seal a deal and work to combat "buyer fatigue" in a market where homes are selling quickly and at record-high prices. For-sale…

At 25 degrees, 90% of Detroit native Leandra King's apple blooms could be lost.

If the Michelin Group begins rating newsletters, I think they would classify Monday Morning Economist as an exceptional newsletter that is worthy of a subscription.

Answer: Jordan (averaging a resale price of 54% above retail) Questions: Have you ever bought or sold a product in the resale market? Why? Why are certain brands/products so desirable in the resale market? 2020 saw a boost in sneaker resale.

Ford is storing thousands of F-150s by the Detroit Department of Public Works even while dealers beg for products to sell.

Five charts that show how dramatically the pandemic affected our spending.