Quarter-Point Rate Cut is Fed's First Since December | Corp! Magazine
The Federal Reserve cut its key interest rate by a quarter-point Wednesday, its first reduction since December.| www.corpmagazine.com
The Federal Reserve cut its key interest rate by a quarter-point Wednesday, its first reduction since December.| www.corpmagazine.com
It’s going to take a few years, but Robert Bosch GmbH will be cutting employees. Bosch will cut about 13,000 additional jobs at its auto-parts business as rising competition and a sluggish European car market push the manufacturer into deeper restructuring, Bloomberg reported.. The reductions will be made over the next five years — by […]| Corp! Magazine
Real GDP growth in the second quarter of 2025 was revised higher in the third estimate on upward revisions to consumer spending. Personal incomes are forecast to have risen moderately in August, and spending likely jumped on the back of stronger purchases of goods. The Personal Consumption Expenditures (PCE) Price Index will probably show annual […]| Corp! Magazine
Ford today appointed Mike Fitzsimmons to Vice President, Global Labor. Fitzsimmons brings over two decades of extensive experience in labor relations, employment law and HR policy across several prominent global corporations. Most recently, he led The Boeing Company’s worldwide labor relations, including managing collective bargaining and contract administration for contracts covering over 60,000 unionized employees. […]| Corp! Magazine
Stephen Miran, the Trump advisor appointed to the Federal Reserve Board of Governors who was sworn in just hours before last week’s meeting, thinks the Fed should reduce interest rates quickly, as do other governors appointed by Trump. Fed Chair Jerome Powell says, not so fast. In remarks made in Rhode Island Tuesday, Powell – […]| Corp! Magazine
The U.S. economy had a better second quarter than originally thought. Adjusted figures show the economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy. The country’s GDP — the broadest measure of economic output […]| Corp! Magazine
Starbucks fans are going to have to do a quick location check to make sure their favorite store is still around. The Seattle-based coffee giant said this week it will close hundreds of locations in the U.S. and Canada while also laying off some 900 employees. Company officials said the closures would begin immediately, though […]| Corp! Magazine
Corp! Magazine honored Michigan's Most Valuable Professionals, Entrepreneurs and Young Professionals at its annual event.| Corp! Magazine
The Kresge Foundation announced the company will move its headquarters from Troy to Detroit, and will invest some $180 million in surrounding neighborhoods.| Corp! Magazine
A new survey shows bosses might be disconnected from their workers, and it could end up being costly.| www.corpmagazine.com
