News Summary Consumer sentiment in the U.S. rose by 1.8% in July 2023, reaching its highest level since February. The improvement indicates a more positive outlook on the economy, driven by decreasing inflation expectations and resilient retail spending. However, concerns about inflation persist as consumers remain cautious. Overall, the findings
News Summary Michigan health insurers, including Blue Cross Blue Shield and UnitedHealthcare, are seeking record rate increases for individual and small group plans in 2026. Proposed hikes average 16.8% for individuals and 11.1% for small groups, primarily due to rising healthcare utilization and the expiration of premium tax credits. This
News Summary In the week ending July 5, 2023, Michigan’s unemployment claims surged to 15,581, marking a 130% increase from the previous week. The rise is primarily attributed to seasonal automotive manufacturing plant shutdowns. The state’s overall unemployment rate has now risen to 5.4%, exceeding the national average. Job losses
News Summary A recent study reveals that single adults in Michigan will require an annual salary of over $87,000 by 2025 to maintain a comfortable lifestyle due to rising costs. The analysis highlights the 50/30/20 budgeting rule and indicates that families also face increased financial pressures. With a significant portion
News Summary Blue Cross Blue Shield of Michigan (BCBSM) has announced significant job cuts affecting over 1,370 positions, as part of a strategy to reduce administrative costs by $285 million by 2024. The workforce reduction includes buyouts and layoffs due to rising medical claims and increased operational expenses. With the
News Summary Actor Mark Wahlberg successfully raised $1.3 million for sick children during the fifth annual Feldman Automotive Children’s Miracle Celebrity Invitational in Detroit. The event featured over 50 celebrities and emphasized community support for children’s healthcare initiatives. Funds raised will help provide vital services and equipment through the Children’s
News Summary The U.S. Supreme Court has declined to hear a lawsuit from the owners of The Gym 24/7 Fitness against the state of Michigan, regarding financial losses during a COVID-19 mandated closure. The case highlighted the conflict between public health measures and business rights, as lower courts upheld the
News Summary The U.S. Supreme Court has declined to hear the case of The Gym 24/7 Fitness in Alma, Michigan, effectively ending its legal battle for compensation lost during COVID-19 lockdowns. The gym had claimed that the state’s closure orders amounted to an unconstitutional taking of property rights. The lower
News Summary Amazon showcased its commitment to community strengthening during a lunch-and-learn session at the 2025 Mackinac Policy Conference. The event discussed collaborations between Michigan nonprofits, government entities, and Amazon to drive local economic growth. Since 2018, Amazon has established 26 facilities in Michigan, creating over 22,000 jobs, and emphasized
News Summary Memorial Day 2025 will be observed on May 26, honoring fallen heroes throughout the U.S. Various closures will occur, including financial markets and government services. Despite these closures, many retailers will remain open, while high travel volumes are predicted, reflecting the holiday’s significance. The average gasoline price is
