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Business Spotlight: Shinola
Business Spotlight Shinola Shinola is a Detroit-based company known for producing high-quality, American-made luxury goods. Founded in 2011, Shinola gained fame for its beautifully crafted
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Sun Holdings Acquires Bar Louie Amid Challenges
News Summary Dallas-based Sun Holdings has acquired casual dining chain Bar Louie following its Chapter 11 bankruptcy filing. This move comes just seven months after
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BUSINESS NEWS
Michigan Businesses Navigate a Weaker Dollar
Ann Arbor, Michigan, January 2, 2026 As Michigan enters 2026, the decline of the U.S. dollar from the previous year profoundly impacts its economy. Various industries are adapting, with tourism seeing...
Minimum Wage Increase in Michigan to $13.73 Per Hour
Detroit, Michigan, January 2, 2026 Effective January 1, 2026, Michigan will raise its minimum wage to $13.73 per hour, up from $12.48 per hour, as part of a plan to reach...
FCC Partners with TDC Services to Expand in Oceania
Detroit, MI, January 1, 2026 Fleet Cost & Care (FCC) has entered a strategic partnership with TDC Services to enhance its operations in Australia and the Oceania market. This collaboration, led...
Mid-Michigan Experiences Significant Business Openings and Closures
Mid-Michigan, January 1, 2026 Mid-Michigan’s business landscape saw a wave of changes, with 29 establishments opening and closing in 2025. Highlights include the opening of Orange Market and Inn at Stonecliffe,...
Sommers Schwartz, P.C. Secures Major Medical Malpractice Settlement in Detroit
Detroit, January 1, 2026 Sommers Schwartz, P.C., a prominent law firm in Detroit, has achieved a significant multi-million-dollar settlement in a medical malpractice case against a local medical center. The lawsuit...
Detroit Residents Face Higher Taxes and Minimum Wage Increases
Detroit, January 1, 2026 Starting January 1, 2026, Michigan residents will experience a series of increases in taxes, particularly on gasoline and recreational marijuana, alongside a rise in the minimum wage....
Detroit Police Alert Community to Rise in False School Threats
Detroit, MI, December 31, 2025 Detroit police have issued a warning about a concerning increase in false threats targeting schools throughout the city. Recent hoax threats have led to heightened security...
Federal Reserve Cuts Interest Rates Amid Internal Divisions
Detroit, December 31, 2025 The Federal Reserve has decided to cut interest rates by a quarter-point to 3.6%, reflecting internal divisions within the Federal Open Market Committee. This reduction highlights the...
Ferris State University Terminates Professor After ICE Arrest
Detroit, Michigan, December 31, 2025 Sumith Gunasekera, an associate professor at Ferris State University, was arrested by ICE and subsequently terminated due to concerns over his immigration status and prior convictions....