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The Week In Review 7/11/16

Week in Review
July 18, 2016 9:00 AM

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The Week in Review for July 11th 2016, a look at business news you may have missed. 

Wall Street Wrap-up

U.S. stock market volatility Up and Down sessions following the holiday weekend.

Despite all the turmoil, US stock funds are ahead for the year as of the end of June.

Per share dividends paid by S&P 500 companies hit their highest level in at least a decade during the 12 months ended in April.

Reports and Announcements

The U.S. economy added a robust 287,000 jobs in June, well above expectations after a dismal May report.  Where the unemployment stats now stand.

The U.S. national debt is creeping up again, after holding steady for the last few months. How much, and why.

Sales of new homes slipped in May, but the pace was still the second best for a month since the recession ended, behind April’s jump.

A Look Around the Nation and the World

A story about castoff clothes and how there is a market for them in India.

Background checks are undergoing changes as sharing-economy firms bring massive volumes and new pressure to run checks more quickly and frequently.

Across the US, new home construction has remained at historical lows throughout the housing recovery of the last 5 years, but the share of starter homes priced below $200,000 has dwindled more than any other segment. What the statistics are showing.

Michigan News

The smart roads of the not-too-distant future are being built in Southeast Michigan.

Gov. Rick Snyder signed into law a $16.1 billion education budget – some specifics.

The auto industry appears to be on pace for another record year as sales of new cars and trucks rose 2 percent to 8.5 million units in the first half of 2016.  Numbers from the Big-3.

A Look Ahead

After years of big promises, telemedicine is finally living up to its potential.

Little six-wheel robots are now set for a commercial rollout in London and three other European cities. The robots, from Starship Technologies, will be deployed this month to make deliveries for food-ordering services.

A free app can help you fast track through customs.  -- free Mobile Passport for Apple and Android phones

 

For more knowledge, news, and insights visit

www.michiganbusinessnetwork.com

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Week in Review, hosted by Dr. David Mielke, covers the previous and coming week’s business stories and stock market news while discussing how these events will impact the business world – encouraging you to form opinions on this week’s topics.

12:00 PM every Monday
Replay: 6:00 PM, 12:00 PM, 6:00 AM