Michigan economy

Ferrero Acquires WK Kellogg for $3.1 Billion

News Summary Ferrero Group has announced a $3.1 billion acquisition of WK Kellogg Company, set to complete in 2025, pending…

3 weeks ago

Michigan Hospitals Voice Concerns Over Proposed Medicaid Cuts

News Summary Northern Michigan hospitals are raising alarms over proposed Medicaid cuts that could significantly reduce funding. With 25% of…

3 weeks ago

Michigan and Ohio Auto Industry Faces Major Challenges

News Summary The auto industry in Michigan and Ohio is experiencing significant upheaval as unemployment rates soar. Factors such as…

4 weeks ago

Michigan Sees Increase in Unemployment Claims Despite National Decline

News Summary Initial unemployment claims in Michigan have surged to 6,748, marking a troubling trend amidst a decline nationwide. This…

4 weeks ago

Siena Heights University to Close by 2026 Amid Financial Struggles

News Summary Siena Heights University has announced it will close permanently at the end of the 2025-2026 academic year due…

4 weeks ago

Michigan Sees Drop in Initial Unemployment Claims

News Summary Initial unemployment claims in Michigan declined to 5,939 last week, showing signs of potential stabilization in the labor…

1 month ago

U.S. Senate Passes Controversial Spending Bill with Michigan Ties

News Summary The U.S. Senate has narrowly approved President Trump’s spending bill, dubbed the 'One Big Beautiful Bill,' with a…

1 month ago

Eastern Market Brewing Co. Leads Craft Beer Sales Growth in Michigan

News Summary Eastern Market Brewing Co. (EMBC) in Detroit reports a remarkable 59% sales increase, making it the ninth-largest brewer…

1 month ago

Consumer Sentiment Soars and Dives: June Shows Improvement

News Summary Recent data from the University of Michigan highlights a dramatic decline in consumer sentiment, reaching historic lows despite…

1 month ago