Cargo Pants and Outdoor Slippers Are Hot, as Americans Return to Stores
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.
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.
Central Bank Digital Currencies: Back to the Future| St. Louis Fed
Central bank digital currencies promise to be a new form of money that could greatly increase the efficiency of future payment and settlement systems worldwide.
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).
Amazon’s sales and profit rise as retailer rides wave of pandemic shopping
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 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,…
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…
Looking to the future, Biden urged a $1.8 trillion investment in children, families and education that would fundamentally transform roles the government plays in American life.
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…
'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…
Question of the Day: What careers is Gen Z most interested in? - Blog
Answer: Questions: What is your desired career at this point? Why does that interest you? What education/training do you need for this career? Have you ever had a conversation with someone who does this 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…
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…