Economics

The city of Detroit is targeting a crowd of investors that's rising in popularity during the pandemic to buy the bonds it's issuing to pay for blight removal efforts. Under Proposal N, approved by voters in November, Detroit is taking on debt to fuel the $250 million project and expects to…

LANSING — Gov. Gretchen Whitmer today will propose a $67 billion state budget that she said would aid Michigan's pandemic recovery by solidifying new programs to attend community college for free, expanding child care assistance and boosting local bridge repairs.The Democratic governor's…

Are we out of the uncanny valley? The MetaHuman Creator tool wants to help.

GM could take up to a $2 billion hit to pretax profits this year due to a chip shortfall, but will protect production of profitable pickups and SUVs.

Some important actions the Fed has taken include lowering the policy rate to near zero, increasing its purchases of Treasuries and mortgage-backed securities to stabilize those markets, and introducing emergency lending programs.

DoorDash is expanding its robotic footprint into the kitchen. The delivery service is set to acquire Chowbotics, a Bay Area-based robotics best known for its salad-making robot, Sally. TechCrunch has confirmed the acquisition, which was first noted by The Wall Street Journal. “We have long admired the work that Chowbotics has done to increase access […]

Another 275,000 women left the labor force in January.

Thirty-year bond yield rises to 2% on expectations that government support will fuel price rises

This interactive tool allows users to explore how various policies to increase the federal minimum wage would affect earnings, employment, family income, and poverty.

A look inside the pricing playbooks used by dozens of unicorn companies with Pete Flint and Madhavan Ramanujam.

Supermarket chain Kroger Co said on Friday it would give $100 to workers who get a COVID-19 vaccination, joining a growing list of U.S. retailers incentivizing employees to get inoculated against the novel coronavirus as soon as possible.

Don’t freak out. Focus on taking small, concrete steps to meet your goals.

Too little, and people tend to get stressed. Too much, and people tend to feel idle.

Americans say it takes an average net worth of $2.27 million to be considered "wealthy." Here's how much money U.S. families actually have at every age.

The state's Pure Michigan program subsidizes a tourism industry by running expensive advertisements out of state in order to lure tourists to Michigan. Research shows the program is expensive and ineffective. It's also unfair and may be undermining attempts to control the COVID-19 pandemic. The…

Some researchers and economists say a minimum wage raise will likely benefit workers in Mich., while opponents argue that small businesses may suffer

Many economists would agree that the official U.S. unemployment rate is an inadequate measure of actual labor market conditions. Although this is one of the most cited pieces of data on the economy as a whole, not many people understand how this indicator is calculated and who is and – more importantly – who isn’t included in it. The latest data, which found that joblessness fell from 6.7% in December to 6.3% in January, shows why.

Jeff Bezos is retiring, and will go down as one of the great CEO’s in tech history, in part because of how he transformed Amazon into a tech company in every respect.

In 1969, an activist set out to build an African-American metropolis from scratch. What would have happened if Soul City had succeeded?

The struggles that afflicted the job market since the viral pandemic tore through the economy nearly a year ago are keeping a tight lid on hiring

Ford will cut the number of shifts at the factories that produce its best-selling F-Series trucks for one week due to the global semiconductor chip shortage affecting the auto industry.

This year isn't turning out to be all bad. Peeps are back in production.

PayPal Holdings Inc beat Wall Street estimates for quarterly profit on Wednesday, with a coronavirus-driven shift to online shopping and digital transactions driving record levels of payment volumes for both the quarter and the year.

Pfizer expects to earn approximately $15 billion in revenue from its Covid-19 vaccine this year, the company said Tuesday.