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Finance

PNC Survey Shows CFOs Expect Higher Interest Rates for Longer,

Michigan Business Network
July 22, 2024 1:00 PM

Share Biggest Challenges Facing American Companies

PNC recently sponsored a survey of 300 U.S. CFOs* to understand their expectations about Federal Reserve interest rates through the end of 2024, as well as their intended actions and business implications if rates are cut.

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LAFCU’s Presents the 6th Annual Smooth Jazz Fete.

Michigan Business Network
July 22, 2024 12:00 PM

It's a Summer Vibe You Don't Want to Miss! 

ARE YOU READY?

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Peters Introduces Bipartisan Bill to Grant Tribal Governments Direct Access to FEMA Fire Assistance

Michigan Business Network
July 19, 2024 11:00 AM

WASHINGTON, D.C. – U.S. Senator Gary Peters (MI), Chairman of the Homeland Security and Governmental Affairs Committee, introduced bipartisan legislation that requires FEMA to accept requests from Tribal governments to receive a Fire Management Assistance Grant (FMAG) Declaration. Currently, FEMA can accept Emergency and Major Disaster Declaration requests from Tribal governments, but the agency is not authorized to accept FMAG requests directly from Tribes.

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SBAM | Small Businesses Remain Most Trusted Institution in America;

Michigan Business Network
July 19, 2024 10:00 AM

only group ranked equally high across all political affiliations in annual Gallup poll

Lansing, MI - Gallup has released its annual update on Americans’ confidence in major U.S. institutions, with small businesses topping the list.

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PNC Chief Economist Gus Faucher: Industrial Production Up for a Second Straight Month in June

Michigan Business Network
July 18, 2024 1:00 PM

as Manufacturing Improves

  • Industrial production increased for a second straight month in June, with manufacturing output up.
  • Industrial production has grown modestly over the past few months after falling in 2022 and 2023.
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PNC Economist Ershang Liang: Total Housing Starts and Permits Increased in June 2024,

Michigan Business Network
July 17, 2024 4:00 PM

But Single-Family Starts and Permits Fell

  • U.S. housing starts increased in June, but were down from June 2023.
  • Single-family housing starts dropped on the month, while multifamily starts increased; over the past year housing starts dropped, with single-family starts up and multifamily starts down.
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Senators Stabenow, Peters and Congressman Kildee Introduce the Revitalizing Downtowns and Main Streets Act

Michigan Business Network
July 17, 2024 1:00 PM

Bill will Create a Tax Credit to Convert Vacant Commercial Buildings into Affordable Housing 

WASHINGTON D.C. - U.S. Senators Debbie Stabenow (D-MI), Gary Peters (D-MI) and Congressman Dan Kildee (MI-08) introduced a bill to take advantage of the widespread increase in vacant or underutilized commercial properties by converting these properties into affordable housing.

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PNC Reports 2Q24 Financial Results

Michigan Business Network
July 16, 2024 1:45 PM

The PNC Financial Services Group, Inc. today reported second quarter 2024 net income of $1.5 billion, which translates to $3.39 diluted EPS.

Second quarter highlights1 include:

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TechTown Detroit | July Workshops: Disability Inclusion & Hispanic Business Training

Michigan Business Network
July 12, 2024 6:00 PM

Ready to define and refine your business model?

Join TechTown and the Southwest Detroit Business Association at our upcoming Impulsa: Hispanic Business Training Series to learn how to "Define and Refine Your Business Model." The workshop is on Tuesday, July 23, at 5:30 p.m. at the SDBA Odd Fellows building.

You will learn how to break down your business model into manageable parts, making it easier to identify what works and what needs improvement. This workshop will be offered in Spanish with simultaneous interpretation in English.

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PNC Senior Economist Kurt Rankin: PPI Inflation Up 0.2% in June 2024,

Michigan Business Network
July 12, 2024 1:00 PM

Pace is Still Cooling from early 2024 Trends

  • Topline PPI rose by 0.2% on a seasonally adjusted basis in June 2024. 
  • Core PPI, less Food & Energy, gained 0.4% in June 2024, May 2024 growth was also revised up.
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