Economics

It's the thought that counts, which is good because in economic terms, gift exchange is a disaster.

It is no exaggeration to say that learning economics changed my life. In fact, I would go as far as saying the two most pivotal moments of my young adulthood was meeting my future wife at 17 and...

A group of Wayne County residents affected by the pandemic has received an early Christmas present.Wayne County officials on Wednesday distributed $500 one-time payments via debit card to each of about 12,000 restaurant, fitness and entertainment venue employees. Those workers, all Wayne County…

Amy Sternberg has been urging customers to be patient, but she's running out.Sternberg is one of many business owners dealing with delivery delays at the U.S. Postal Service during a holiday shipping crush made worse by the pandemic.Sternberg runs Artworks by Amy, curating handmade items for people…

In the latest sign of distress in the hotel market, the Westin Book Cadillac in downtown Detroit is now underwater on its commercial mortgage-backed securities debt totaling $77 million. Trepp LLC, which tracks CMBS debt, says that the 453-room hotel's appraised value plunged dramatically from $136…

/PRNewswire/ -- According to the latest Future of Money Study from Logica Research, COVID-19 continues to impact Americans' money mindset. Key study findings...

Federal Reserve Chair Jerome Powell has frequently urged lawmakers, using increasingly strong language, to pass more fiscal stimulus.

The unemployment rate doesn't tell the whole story. We talked to a panel of economists to find out what other measures can shed light on whether we're in a short-term crisis — or the start of a long recession.

Mortgage rates fell to another record low last week, for the 15th time this year.

As the pandemic batters the poor, the rich prop up state budgets.

Michigan regulators on Thursday approved a $100 million electric rate hike for Consumers Energy, authorizing the state's second-largest utility to bill the average residential customer about $9 more per month starting in January.The increase for residents is nearly 12 percent after factoring in…

Hello Everyone, I hope that this note finds you all healthy and well. This pandemic and resulting isolation has reminded us of the deep need for human connections, people’s adaptability and...

Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters.

How does the COVID-19 market crash compare to previous financial crises? We navigate different contextual factors impacting crashes.

How oil prices went negative: this explainer shows how a collapse in demand, a Saudi-Russia price war, and oversupply led to futures prices going wonky.

Investing is about building wealth, and it can help you prepare for the future. By investing, you give yourself the chance to create a rich harvest, giving yourself the resources you need to pursue your dreams and to take care of loved ones.

Michigan lawmakers and Gov. Gretchen Whitmer agreed to a $465 million pandemic spending plan, including relief payments to businesses and workers struggling to stay afloat because of the coronavirus and government restrictions to curb its spread.The legislation, which passed 35-2 in the Senate late…

Michigan builders are prioritizing the construction of higher value homes to gain more profit, a market driven in part by the pandemic

U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.

The lawsuit marks the first major antitrust litigation against a technology company since the DOJ's case against Microsoft in the late '90s.

The lawsuit is yet another legal battle for Google, embroiled in state and federal antitrust scrutiny.

WASHINGTON (AP) — The U.S. Treasury Department has branded Vietnam and Switzerland as currency manipulators while putting China and nine other countries on a watch list in an annual report...