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PNC Chief Economist Gus Faucher: Big Jump in Consumer Spending in February

Michigan Business Network
March 29, 2024 1:00 PM

as Inflation Slows

  • Personal income rose 0.3% in February. 
  • After-tax income, adjusted for inflation, fell 0.1% in February. 
  • Nominal consumer spending rose 0.8% in February, the biggest increase since mid-2022. Adjusted for inflation consumer spending rose a solid 0.4% over the month.
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Peters Secures Funding to Establish Center to Coordinate Northern Border Security

Michigan Business Network
March 29, 2024 12:00 PM

Center to be Collocated with DHS Components Currently Operating at Selfridge Air National Guard Base in Macomb County   

WASHINGTON, D.C. – U.S. Senator Gary Peters (D-MI), Chairman of the Homeland Security and Governmental Affairs Committee, secured $3 million to establish and operate a Northern Border Coordination Center, which will be collocated with existing Department of Homeland Security (DHS) components currently operating out of Selfridge Air National Guard Base in Macomb County.

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ICYMI: Michigan Business Beat | Bob Trezise, LEAP - Highlighting Activity and Success from Early 2024.

Michigan Business Beat
March 29, 2024 11:00 AM

Chris Holman welcomes back Bob Trezise, President & CEO of the Lansing Economic Area Partnership, Lansing, MI.

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TechTown Detroit | Sports, Tech & Venture Summit Happening in April! πŸš€

Michigan Business Network
March 29, 2024 10:00 AM

Making the right plays for better gains

TechTown Detroit is excited to partner with The Players Company, Plain Sight and some of Michigan’s most innovative business and tech leaders for the first-ever Sports, Tech and Venture Summit!

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PNC Senior Economic Advisor Stuart Hoffman: Initial Jobless Claims Fell by 2K in Mid-March but Continuing Claims Rose by 24K.;

Michigan Business Network
March 29, 2024 8:00 AM

Powell Said the Labor Market is Better Balanced Between Supply and Demand

  • Initial claims for unemployment insurance edged down by 2,000 to 210,000 in the week ending March 23. The four-week moving average edged down by 1,000 to 211,000. 
  • Continuing claims rose by 24,000 to 1.807 million in the week ending March 16 and the four-week moving average rose by 4,000 to 1.803 million.
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ICYMI: Michigan Business Beat | Carlos Sanchez Davenport University Developing Dynamic Latino Program

Michigan Business Beat
March 29, 2024 7:00 AM

Chris Holman welcomes Carlos Sanchez, Executive Director of its new Latino program, Davenport University, Lansing, and Grand Rapids, MI.

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ICYMI: Michigan Business Beat | Bob Trezise, LEAP - Highlighting Activity and Success from Early 2024.

Michigan Business Beat
March 28, 2024 5:00 PM

Chris Holman welcomes back Bob Trezise, President & CEO of the Lansing Economic Area Partnership, Lansing, MI.

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VIDEO: Getting A Grip | Episode 9: Mike Maddox and Gabe Muller

Getting A Grip
March 28, 2024 3:00 PM

"Getting A Grip" is a brand new show for Michigan Business Network, hosted by long-time MBN contributor Michael Maddox. Presented below is Episode 9!

In this weekly program Mike will focus on helping entrepreneurs end the chaos. Through the Entrepreneurial Operating System (EOS) we highlight ways that business owners can clarify their vision, gain traction, and increase team health.

This week's guest Gabe Muller, Certified EOS Implementer from Virginia.

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ICYMI: Michigan Business Beat | Carlos Sanchez Davenport University Developing Dynamic Latino Program

Michigan Business Beat
March 28, 2024 2:00 PM

Chris Holman welcomes Carlos Sanchez, Executive Director of its new Latino program, Davenport University, Lansing, and Grand Rapids, MI.

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PNC Chief Economist Gus Faucher: Modest Upward Revision to GDP in Q4

Michigan Business Network
March 28, 2024 1:00 PM

Huge Increase in GDI

  • There was a modest upward revision to real GDP growth in the fourth quarter, to 3.4%.
  • Corporate profits rose in the fourth quarter by the biggest amount in two years.
  • Real gross domestic income increased by a huge 4.8% in the fourth quarter, after noticeably lagging GDP for the previous four quarters.
  • The US economy will continue to expand throughout 2024.
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