Economics

Economics

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EXCLUSIVE U.S. Labor Secretary supports classifying gig workers as employees
EXCLUSIVE U.S. Labor Secretary supports classifying gig workers as employees
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).
derek68·reuters.com·
EXCLUSIVE U.S. Labor Secretary supports classifying gig workers as employees
Nexteer says chip shortage likely to go on, launches software reorganization
Nexteer says chip shortage likely to go on, launches software reorganization
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,…
derek68·crainsdetroit.com·
Nexteer says chip shortage likely to go on, launches software reorganization
Can Michigan seize a $1.4 billion chance to ‘transform’ its child care system?
Can Michigan seize a $1.4 billion chance to ‘transform’ its child care system?
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…
derek68·crainsdetroit.com·
Can Michigan seize a $1.4 billion chance to ‘transform’ its child care system?
Ford warns 2nd-quarter output will fall by 50% amid chip shortage
Ford warns 2nd-quarter output will fall by 50% amid chip shortage
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…
derek68·crainsdetroit.com·
Ford warns 2nd-quarter output will fall by 50% amid chip shortage
'Vacc to Normal': Whitmer ties easing of restrictions to Michigan's COVID-19 vaccination rate
'Vacc to Normal': Whitmer ties easing of restrictions to Michigan's COVID-19 vaccination rate
LANSING — Gov. Gretchen Whitmer on Thursday announced a plan to tie the lifting of coronavirus pandemic restrictions to Michigan's vaccination rate, meaning in-office work restrictions are likely to ease before the end of May. Whitmer outlined four specific benchmarks that must be reached to…
derek68·crainsdetroit.com·
'Vacc to Normal': Whitmer ties easing of restrictions to Michigan's COVID-19 vaccination rate
Michigan House: Give unemployed $1,000 if they find job
Michigan House: Give unemployed $1,000 if they find job
LANSING — Unemployed people who find a job would get $1,000 as part of $12.7 billion in proposed COVID-19 relief spending that began advancing in the Michigan Legislature on Wednesday.The "return to work" grants would cover up to 400,000 residents. They are included in supplemental budget…
derek68·crainsdetroit.com·
Michigan House: Give unemployed $1,000 if they find job
Detroit to give $50 debit cards to 'Good Neighbors' to help boost lagging COVID-19 vaccination rate
Detroit to give $50 debit cards to 'Good Neighbors' to help boost lagging COVID-19 vaccination rate
Detroit, with a still-lagging COVID-19 vaccination rate, is taking its "Good Neighbor" strategy up a notch.The city, starting Monday, is offering $50 MasterCard debit gift cards to anyone who drives a Detroiter to their vaccination appointment at TCF Center's drive-through site. The Good Neighbor…
derek68·crainsdetroit.com·
Detroit to give $50 debit cards to 'Good Neighbors' to help boost lagging COVID-19 vaccination rate
Domino's brings back one of advertising's stranger mascots: the 1980s-era Noid
Domino's brings back one of advertising's stranger mascots: the 1980s-era Noid
The Noid is back. And it's gotten a makeover.Ann Arbor-based Domino's Pizza has brought back its red-suited, long-eared villain from the late 80s in a campaign that hypes its new driverless pizza delivery.In a nostalgia-meets-the-future approach, the Noid is returning to TV ads. And that's not the…
derek68·crainsdetroit.com·
Domino's brings back one of advertising's stranger mascots: the 1980s-era Noid
Ante rises in fight for workers
Ante rises in fight for workers
Potential jobs candidates are met by a 7-foot robot of embossed steel, aluminum and plastic upon entering industrial automation and light assembly firm Morrell Group. A soldier, of sorts, reminiscent of the red-armored Master Chief from the popular Xbox video game Halo. But instead of battling for…
derek68·crainsdetroit.com·
Ante rises in fight for workers
What is an Exchange-Traded Fund (ETF)? - Robinhood
What is an Exchange-Traded Fund (ETF)? - Robinhood
Some people want stock in exactly one company. Others want stock in one *type* of company. ETFs are for the latter — each ETF is made up of several investments in different underlying stocks or other securities.
derek68·learn.robinhood.com·
What is an Exchange-Traded Fund (ETF)? - Robinhood
Commentary: Costs of the Pause are all too easy to see
Commentary: Costs of the Pause are all too easy to see
While the full ramifications of Gov. Gretchen Whitmer's pandemic policies remain unknown, it is possible to estimate some of the costs. Recent employment data from the federal government shows that the second lockdown that started in November, the "Pause to Save Lives," led to significant job…
derek68·crainsdetroit.com·
Commentary: Costs of the Pause are all too easy to see