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NEW YORK - U.S. consumer spending on e-commerce is expected to hit a record $1 trillion this year thanks to the pandemic-driven shift to online shopping, a report from Adobe Analytics contends. The forecast represents a jump of 13 percent from 2021 and follows a total spend of $1.7 trillion over the course of two
ANN ARBOR - Genomenon Thursday announced the completion of a $20 million Series B financing round. The funds will expand the company’s commercial operations and the development of its genomic data hub, which serves genetic testing labs, hospitals, pharmaceutical and biopharma companies. Genomenon leverages AI (Artificial Intelligence) to organize the world’s genomic knowledge and put it
ANN ARBOR - MITechNews.Com is offering a spring special for advertising on the technology and business website. Box ads for just $49.99 a month on a 90-day contract that includes a short video interview suitable for social media. One video interview will be offered every 90 days. The interview will be done by Editor Mike
DETROIT - The Infrastructure Bill that passed Congress last fall contains a few stipulations in it that will affect the way you use your car. One is that rear-seat reminders will become standard to help prevent hot-car deaths, while the other, more significant change on the scale of fatalities per year is that automakers must
GRAND RAPIDS — Automotive leaders and suppliers will discuss industry trends and the continuing challenges brought on by the pandemic at the 23rd annual Michigan Automotive Suppliers Symposium, hosted by the Van Andel Global Trade Center at Grand Valley State University. The symposium, under the theme "New Age of Auto," is from 8 a.m.-noon on
SOUTHFIELD—Eight college students from around the country will spend eight weeks this summer at Lawrence Technological University in Southfield to develop computer programs for self-driving cars, under a new federal grant. C.J. Chung, professor of mathematics and computer science at LTU, won the $281,712 grant from the National Science Foundation. The grant will fund three
DETROIT – Concerns about labor shortages and inflation are weighing on the minds of Michigan’s business leaders, according to a quarterly economic survey released today by Business Leaders for Michigan. Labor shortages are being felt across all job categories, including in manufacturing, office and front-line positions, with 85 percent of survey respondents expecting to have trouble
LANSING — Gov. Gretchen Whitmer ordered agencies Tuesday to divest state of Michigan pension plans and trust funds from any Russian companies or institutions, following condemnations of the Russian invasion of Ukraine in the state Legislature. In a letter to State Treasurer Rachael Eubanks, Whitmer called on the State of Michigan Investment Board to hold a special meeting to
DEARBORN - Ford CEO Jim Farley is dividing up company operations, creating three separate automotive business units that include its existing commercial arm, as well as two new ones: Ford Blue, which will focus on the traditional internal combustion engine, and Ford Model e, which will develop the battery electric vehicles and connectivity, the company revealed Wednesday morning.
ANN ARBOR – Michigan Marijuana Report has formed a strategic partnership with the Small Business Association of Michigan to give cannabis businesses access to SBAM’s group buying power for products and services, including low-cost insurance. “We’re excited to work with SBAM, an organization I have been a member of for more than a decade,” said
