<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1018706268302959&amp;ev=PageView&amp;noscript=1">
Knowledge • News • Insights
In Partnership With

Business Spotlight

LAFCU Announces the Promotion of Morgan Pray to Assistant VP of ATM/ITM Operations

Michigan Business Network
September 30, 2022 6:00 PM

Morgan Pray will lead LAFCU ATM, ITM strategy 

New position focuses on member experience, new opportunities for LAFCU’s newly doubled ATM/ITM fleet

Read More

MBN Speaker Series Event | Panel Discussion: Corporate Transparency Act

Michigan Business Network
September 30, 2022 4:00 PM

Todd McCracken, current president of the National Small Business Association shares the stage with Foster Swift Attorney Robert Hamor for a panel discussion led by MBN's Chris Holman to cover a crucial topic for small businesses: The Corporate Transparency Act.

Read More

PNC Chief Economist Gus Faucher: Modest Gains in Household Incomes and Spending;

Michigan Business Network
September 30, 2022 1:00 PM

Inflation Accelerated From August

  • There were modest increases in nominal household income and consumer spending in August. 
  • Overall inflation slowed in August but remains much higher than the Federal Reserve would like. 
  • Inflation-adjusted after-tax income and consumer spending both rose in August. 
  • Consumer spending continues to raise, but the drivers are turning less positive. 
  • The Fed will continue to raise interest rates in the near term to slow inflation. 
  • The most likely outcome is modest economic growth in 2023, but recession risks are elevated.
Read More

PNC Chief Economist Gus Faucher: GDP Revisions Indicate Weaker Economy in First Half of 2022

Michigan Business Network
September 29, 2022 1:00 PM

Than Initially Reported

  • The contraction in real GDP in the first half of 2022 was unrevised with the release of the annual revisions. But growth in real domestic income was revised much lower in the first half of the year, although it still increased in both the first and second quarters. 
  • With the revisions to real GDP the contraction in real GDP was slightly smaller than initially reported, and the recovery through 2021 was slightly stronger. 
  • Recession risks are elevated with the Federal Reserve aggressively raising interest rates in 2022.
Read More

PNC Senior Economist Abbey Omodunbi: Goods Trade Deficit Narrows More Than Expected in August,

Michigan Business Network
September 28, 2022 1:00 PM

Trade Likely Added to GDP Growth in Q3

  • The goods trade deficit narrowed in August to $87.3 billion, the smallest deficit since October, from $90.2 billion in July, according to the advance estimate from the U.S. Department of Commerce.
  • The value of nominal goods exports fell 0.9% on a month-over-month basis while nominal goods imports fell 1.7%.
  • Trade will likely be a tailwind for GDP growth in the third quarter.
Read More

Cinnaire Investments Capture Prestigious Charles L. Edson Tax Credit Excellence Awards

Michigan Business Network
September 28, 2022 9:00 AM

Two of Cinnaire’s investments have been awarded the prestigious Charles L. Edson Tax Credit Excellence Award (Edson Award). 1300 Residences, a 50-unit senior and veterans housing projects in River Falls, WI, has been selected as the recipient in the Green and Healthy Housing category, and Rauner Family Veterans Apartments by A Safe Haven Foundation, a 75-unit affordable housing community for veterans, has been selected as the winner in the Housing for Veterans of the Armed Forces.

Read More

PNC Senior Economist Abbey Omodunbi: House Price Growth Slows in July

Michigan Business Network
September 27, 2022 6:00 PM

As Rising Mortgage Rates Weigh on Demand

  • The S&P CoreLogic Case-Shiller National Composite Index recorded a 15.8% gain in July from a year ago, down slightly from 18.1% in June.
  • The S&P CoreLogic Case-Shiller 20-City home price index rose 16.1% in July from a year ago, down from 18.7% in June.
  • Higher mortgage rates and deteriorating affordability will continue to weigh on housing demand.
Read More

Automation Alley | Trending Industry 4.0 News Late September 2022

Michigan Business Network
September 27, 2022 1:00 PM

Thought Leadership September 27, 2022

Top 5 Key Considerations for an Additive Manufacturing Transformation

Additive Manufacturing Article by Automation Alley

Looking to make the leap into 3D printing? Manufacturers must carefully consider several key factors before adopting an additive manufacturing transformation successfully. We will explore the top considerations for manufacturers looking to transform their business with additive manufacturing.

Read More

LAFCU Connects Reading, Kids and Players at Lansing Lugnuts’ Final Game of Season

Michigan Business Network
September 26, 2022 4:00 PM

Event hosted at Jackson Field as part of LAFCU’s Listen & Learn program 

LANSING, Mich. — Despite the fact that the Lansing Lugnuts’ final game of the season was cancelled due to heavy rain, LAFCU still had time to make an impact and get kids and their families excited about reading through its Listen & Learn program.

Read More

LAFCU Awards $7.5K in Personal Grants to Aid in Debt Repayment

Michigan Business Network
September 23, 2022 4:00 PM

Essay contest nets three winners cash toward outstanding debt 

LANSING, Mich. — LAFCU has awarded three grants that total $7,500 in debt relief in The LAFCU Pathway to Financial Transformation Essay Contest, which was designed to not just help the winners, but to help all who entered.

Read More

Content not found