GRAND RAPIDS - Despite showing some modest gains, the West Michigan economy continued its sluggish pace through November, according to a Grand Valley researcher and his monthly survey of local businesses and manufacturers. Brian Long, director of supply management research at GVSU’s Seidman College of Business, said while there have been upticks in key indices,
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LANSING - The Michigan Public Service Commission today approved a $368 million rate increase for customers of DTE Electric Co., a reduction of more than 40% from the $622 million rate increase the company initially requested to fund its planned infrastructure investments to boost reliability and speed up deployment of clean energy generation. With today’s
In an era marked by economic volatility, technology companies are navigating a complex landscape that demands agility and foresight. Amidst such challenges, the ability to adapt to market dynamics while simultaneously driving innovation for future growth becomes a critical balancing act. This is particularly true for companies in the digital domain, where evolving customer expectations
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,
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
LAS VEGAS - Latrisha Matson, founder of Michigan Weedsters, has joined the Sparx & Recreation team. She is interviewed on her first reporting assignment, MjBizCon in Las Vegas, where she interviewed newsmakers, exhibitors and even cannabis chefs. Trish is well-known in the Michigan cannabis community where she created Michigan Weedsters, an advocasy group that supports
LANSING - The Michigan Public Service Commission’s Winter Energy Appraisal for 2023-2024 projects demand for electricity will decline slightly while demand for natural gas will increase, mainly because of increased use of the fuel in electricity generation. The annual report released today projects electricity demand will decline 2.7% overall, with residential demand declining 5.7% and
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
