Brian Vargason explores General Motors’ recent approval to move forward with a $200 million EV plant on the grounds of the Detroit Pistons’ former home. The 1.1 million square foot development will break ground this July with a target completion… Continue Reading
Following a streak of 10 rate hikes, with the most recent quarter-point hike marking the largest in 16 years, the Fed has alluded to a pause in interest rates. Spencer Wineman explains how this signal from the Fed comes after… Continue Reading
Have you wondered how the next change in Michigan laws and policies will affect your business or employer? Recent repeals to Right-to-Work and changes to “prevailing wage,” among other proposals, all represent abrupt changes to running a company. While these… Continue Reading
Declining student enrollment along with economic uncertainty and inflation has put many colleges and universities in financial jeopardy. Nationwide, the percentage of high school graduates that went straight to college has dropped from a high of 70% in 2016 to… Continue Reading
Having trouble getting a loan? The recent failures of regional banks, like Silicon Valley Bank and Signature Bank, have caused banks to pull back from lending. This “credit crunch,” which totaled nearly $105 billion in the last two weeks of… Continue Reading
Following a disruption during COVID, the hospital and healthcare system M&A market appears poised for a comeback as industry participants look to expand operations, markets, and expertise to compete in this post-pandemic healthcare landscape. We explore how this trend is… Continue Reading
Earlier this month, Diamond Sports Group, which owns 19 regional networks under the Bally Sports banner, including in Detroit, announced that it filed for Chapter 11 bankruptcy. The move comes after it missed a $140 million interest payment in February…. Continue Reading
Do you have tipping fatigue? As digital payment systems in retail environments become increasingly prevalent, the norms for tipping have also evolved. Tipping prompts are now seen in grocery stores, fast food chains, coffee shops, and sports stadiums, among others…. Continue Reading
Following the recent bank collapses, who stands to be impacted the most? Has this pushed us further toward recession? Patrick O’Keefe shares his thoughts.
As the banking crisis continues to make headlines, we break down the hot topics from a tumultuous week.
