Ford Motor is going to resume paying a dividend on its stock, something the company hasn’t done in five years.
Carrying signs and wearing stickers that said 99%, a few hundred union members marched in support of Occupy Detroit Sunday.
Organizers of the Occupy Wall Street protest Wednesday called on college students across the nation to walk out of class as a way to show their support for the cause.
Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession.
Wall Street’s rocky ride has Detroit Mayor Dave Bing looking at his city’s long-term financial picture.
The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought, with increasing risks.
The Dow plummeted more than 600 points in afternoon trading. Several Michigan stocks took a hit.
The sputtering economy is keeping mortgage rates low, with some fixed rates now hovering near four percent.
The uncertainty in the financial markets and the financial world is raising a lot of concern, not just about investments, but also about perception of the U.S. and who is to blame for what’s happening on Wall Street.
Stocks resumed their downward slide Friday as better than expected U.S. jobs figures failed to erase fears over weak growth in the world’s biggest economy and Europe’s debt crisis.