The National Automobile Dealers Association has a new chief operating officer. Named to the post Monday was John Beckman, who has served as NADA’s senior vice president of dealership operations since October 2019, along with previous roles at the association.
The National Automobile Dealers Association, American Bankers Association and other business groups are evaluating political contributions after last week's invasion of the U.S. Capitol, described by NADA as "shocking, tragic and condemnable."
Chamber’s economic forecast sees brighter days ahead, if COVID-19 is contained
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BIRMINGHAM It was a year ago that Paul Traub, a senior business economist with the Federal Reserve Bank of Chicago/Detroit, stood before members of the Birmingham Bloomfield Chamber of Commerce with an ominous projection: 2020 could bring about an economic recession.
Traub wasn’t reading tea leaves, but rather a yield curve inversion that showed long-term bonds had lower earnings than short-term bonds. He said 9 out of 10 times, that inversion is an indicator of a coming recession but only if an external shock occurs to trigger a crisis.