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NEW YORK - Moderating inflation, a cooling jobs market, and a deteriorating outlook for consumer spending mean the Fed may need to cut interest rates more than the market expects. "We have modest growth and cooling inflation and a cooling labour market — exactly what the Fed wants to see," ING's chief international economist, James Knightley,
NEW YORK - Even as activists continue to face opposition-and even disdain-from climate deniers for attempting to raise awareness about the danger our planet is in, mounting scientific data shows that the world's ice is melting at a rapid pace. According to a study published earlier in 2021, global ice loss has increased rapidly over the past
WASHINGTON DC - Sen. John Fetterman (D-PA), one of the most vociferous cannabis supporters among U.S. senators, recently said he was honored to vote for the SAFER Banking Act. Commenting on recent Ohio’s cannabis legalization, Fetterman told City & State in an exclusive interview that “it’s absolutely absurd – how many states around Pennsylvania are we failing behind?” “It just makes
NOVI – On the Nov. 27 episode of MITech TV, Kwafo Adarkwa, director of public affairs at ITC, discussed the changing energy landscape as it relates to the electric grid today and in the future. Adarkwa emphasized that while our energy landscape is heading in the right direction, we must be prepared to invest in
DAVIS, Ca. - Scientists have just discovered a way to kill off cancerous cells, a new process that could improve cancer treatment. A research team from the University of California, Davis (UCD) Comprehensive Cancer Center has found a method to detonate the mechanism that leads to the heart of cancerous tumors. The result, which was
ANN ARBOR - The end of the UAW’s Stand-Up Strike removes a major risk confronting Michigan’s economy. There are certainly other risks on the horizon, but they are less localized, which in our assessment lowers the odds of a state-specific downturn here in Michigan, University of Michigan economists said in its semi-annual forecast. The U-M
ANN ARBOR - The U.S. economy should avoid a recession over the next two years, though economic growth is expected to be modest as consumers deal with high interest rates and, for many, dwindling saving account balances. University of Michigan economists see an increasing likelihood of an economic soft landing, noting a resilient labor market
LANSING - Michigan cannabis sales fell 4.3 percent in October to $262.9 million from $274.7 million in September. Sales peaked at $276.7 million in July. The good news is October sales were up 25.5 percent from October 2022. Looking at the statistical report, medical sales fell 70.7 percent from a year ago to $4.9 million,
LANSING - Democrats' huge clean energy package, requiring utility providers to rely 100% on "clean energy" in the next 17 years and empowering Governor-appointees to certify commercial wind and solar projects, has passed both the Senate and House. All but one bill in the seven-bill package – SB 277, which allows farmers with protected land
DETROIT - Detroit has not in recent history been regarded as a center of technological innovation. But that perception is both false and fast changing, due in part to the dramatic growth of electric vehicle demand but also due to the increasing role that electronics play in even gas-powered vehicles. As a result, venture funding
