Stay updated with breaking news from Eric Merlis. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Market volatility has risen significantly, particularly in the last several weeks, with daily Treasury yield swings of 10 basis points or more becoming the norm with municipals struggling to stabilize.
The Investment Company Institute on Wednesday reported $2.637 billion of outflows in the week ending Feb. 23, down from $3.120 billion of outflows in the previous week.
Michigan fared better than the nation during the fourth quarter of 2021, according to the latest Citizens Business Conditions Index, although both numbers showed economic expansion.
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.
Stocks fell Wednesday after the minutes from the last FOMC meeting affirmed that the Federal Reserve will start raising loan fees as its own interests.