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WEATHER ALERT

11 advisories in effect for 11 regions in the area

DEERFIELD


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What to know about the 24th annual Testicle Festival on Saturday

Read full article: What to know about the 24th annual Testicle Festival on Saturday

Deep-fried cattle and bull testicles will be the choice of dinner at the 24th annual Testicle Festival in Deerfield, MI.

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US accuses Walgreens of filling millions of illegitimate prescriptions, including for opioids

Read full article: US accuses Walgreens of filling millions of illegitimate prescriptions, including for opioids

The U.S. Justice Department has filed a lawsuit accusing Walgreens of filling millions of prescriptions for Americans over the last decade and more without a legitimate purpose, including for dangerous amounts of opioids.

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From cold towels to early dismissal, people are finding ways to cope with a 2nd day of heat wave

Read full article: From cold towels to early dismissal, people are finding ways to cope with a 2nd day of heat wave

As a heat wave stretched into a second day this week, residents in more than half a dozen states are looking for ways to beat the heat amid hot soupy temperatures approaching triple digits.

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The number of Americans filing for jobless claims hits highest level in a year

Read full article: The number of Americans filing for jobless claims hits highest level in a year

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy.

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What recession? Professional forecasters raise expectations for US economy in 2024

Read full article: What recession? Professional forecasters raise expectations for US economy in 2024

This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago.

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US applications for jobless benefits rise but labor market remains solid

Read full article: US applications for jobless benefits rise but labor market remains solid

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy.

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Economists predict US inflation will keep cooling and the economy can avoid a recession

Read full article: Economists predict US inflation will keep cooling and the economy can avoid a recession

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates.

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U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliency

Read full article: U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliency

The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates.

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Survey of economists: Inflation will stay high this year, and so will Fed's key interest rate

Read full article: Survey of economists: Inflation will stay high this year, and so will Fed's key interest rate

The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a new survey.

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Michigan unemployment rate drops to near pre-pandemic levels

Read full article: Michigan unemployment rate drops to near pre-pandemic levels

Michiganโ€™s unemployment rate dropped by three-tenths of a percent to 3.8% last month, according to the Department of Technology, Management & Budget. Employment in Michigan rose by 30,000, unemployment decreased by 14,000, and Michiganโ€™s labor force increased by 18,000 over the month.

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US claims for unemployment aid jump, but remain low

Read full article: US claims for unemployment aid jump, but remain low

The number of Americans applying for unemployment benefits jumped last week but remain low overall, even as the Federal Reserve has furiously raised interest rates to beat down inflation and cool the labor market.

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US jobless claims up modestly last week

Read full article: US jobless claims up modestly last week

Slightly more Americans filed for jobless claims last week but the labor market remains one of strongest parts of the U.S. economy.

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US employers are hiring briskly even in face of rate hikes

Read full article: US employers are hiring briskly even in face of rate hikes

Americaโ€™s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.

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Job openings hit 10.7M despite Fed attempts to cool economy

Read full article: Job openings hit 10.7M despite Fed attempts to cool economy

U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped.

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With more working remote, companies tweak in-office culture to recruit new workers

Read full article: With more working remote, companies tweak in-office culture to recruit new workers

Thanks to the pandemic, technology and just trends, traditional office life is becoming less appealing.

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U.S. applications for jobless aid rise last week

Read full article: U.S. applications for jobless aid rise last week

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation.

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US applications for jobless benefits increased last week

Read full article: US applications for jobless benefits increased last week

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy.

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US job openings sink amid higher rates and slower growth

Read full article: US job openings sink amid higher rates and slower growth

The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation.

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Fewer people seek US unemployment aid amid solid hiring

Read full article: Fewer people seek US unemployment aid amid solid hiring

The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy.

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Caterpillar posts second-quarter earnings of $1.67 billion.

Read full article: Caterpillar posts second-quarter earnings of $1.67 billion.

Caterpillar Inc. on Tuesday reported second-quarter earnings of $1.67 billion.

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Caterpillar 2Q revenue up on higher equipment demand

Read full article: Caterpillar 2Q revenue up on higher equipment demand

Caterpillarโ€™s revenue climbed in the second quarter as the machinery company experienced increased demand for its equipment and dealer inventories improved.

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Gripped by surging pandemic, US employers cut back on hiring

Read full article: Gripped by surging pandemic, US employers cut back on hiring

She lost her job in December and due to hiring freezes in place since the pandemic began, has been unable to find employment. (AP Photo/Farnoush Amiri)WASHINGTON โ€“ With the viral pandemic accelerating across the country, Americaโ€™s employers sharply scaled back their hiring last month, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown. โ€œThe recovery is not insulated from the effects of the pandemic,โ€ said Daniel Zhao, senior economist at employment website Glassdoor. Faster hiring is needed to ensure that people who were laid off during this spring can quickly get back to work. Makokha, 45, lost her job as a human resources administrator nearly a year ago, well before the pandemic struck.

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As pandemic depresses demand, Caterpillar muscles through 3Q

Read full article: As pandemic depresses demand, Caterpillar muscles through 3Q

DEERFIELD, Ill. โ€“ Caterpillarโ€™s sales fell 23% in the third quarter as the pandemic throttled demand for construction equipment and a trade war with China continues to create headwinds. The company still managed to top Wall Street expectations, despite rising COVID-19 infections that hamper almost all sectors, including construction. Still, Caterpillar managed to beat the $9.67 billion analysts polled by Zacks Investment Research forecast. Stripping out one-time costs, earnings were $1.34 per share, easily beating the $1.15 per that Wall Street was looking for. _____A portion of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.

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University of Michigan to receive up to $130M to commercialize drug discovery

Read full article: University of Michigan to receive up to $130M to commercialize drug discovery

ANN ARBOR The University of Michigan and health care investment firm Deerfield Management Co. announced Wednesday a new partnership with the aim of developing life-saving drugs and disease treatments. Deerfield has committed up to $130 million over the next decade in biomedical research at U-M. The University of Michigan has a strong legacy of drug discovery and translation, Rebecca Cunningham, U-M vice president for research said in a news release. Great Lakes Discoveries will support all preclinical stages of drug development and discovery. "With its vast research platform, the University of Michigan is the ideal partner and we look forward to the innovations that we expect this alliance will bring.

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