Business stories in Detroit

In a stagnant housing market, home sellers in Metro Detroit are increasingly lowering their prices and offering concessions to attract buyers. This shift reflects a significant change from previous years when sellers enjoyed a competitive advantage.

The J.H. Campbell plant in Port Sheldon Township, operating since 1962, was scheduled to close partially in 2030 and wholly in 2040. Consumers Energy, however, announced in 2021 it was moving the plan up by 15 years for May 31, 2025. [ONN photo/Sarah Leach]This story was originally published by Gris

At a campaign rally in Georgia, President Trump revealed that Audi will build a new auto factory in Macon, investing $4.2 billion and creating 4,500 jobs. The plant, set to produce 200,000 cars annually, marks Audi's first facility in the state and is seen as a significant boost for American manufacturing.

An explosion caused a fire at the Quaker Oats plant in Cedar Rapids, Iowa, the largest milling facility in the world. Fortunately, all workers were safely evacuated with no injuries reported.

ROCHESTER, Mich. – Rochester’s annual Plaid Friday and Small Business Saturday will return next month and so will the chance to win $1,000.

The closure of a beloved Royal Oak restaurant after 70 years highlights the growing trend of dining establishments shutting down due to financial difficulties. Many restaurants in the area are facing similar challenges as they navigate economic pressures.

A recent Michigan Court of Appeals ruling declared a lease invalid due to the landlords lacking a rental permit, raising concerns about future landlord-tenant agreements. The decision could have significant implications for contract law in the state.

Michigan faces significant economic challenges due to 50% tariffs on Canadian goods, impacting the automotive and tourism industries. The state has lost around 4,000 auto parts jobs in the past year, highlighting the broader implications of trade tensions.

Apple's first foldable iPhone, the iPhone Duo, launched globally on October 23, attracting over 100 eager fans to the Apple Store in Downtown Detroit. Customers praised the device's larger display and multitasking capabilities, with many waiting in line for hours to purchase the new technology.

Trader Joe's is set to expand its footprint with 30 new store openings in 16 states ahead of the holiday season. The grocery chain, known for its affordable prices and unique products, currently operates in 42 states and the District of Columbia.

After nearly 30 years in the automotive supply chain, Cornel Ureche kept seeing the same problems.

Abdul El-Sayed, Michigan's Democratic nominee for U.S. Senate, at the Michigan Democratic Party's nominating convention on Aug. 29, 2026. (Photo by Kyle Davidson/Michigan Advance)With voters still up for grabs in the final weeks of the U.S. Senate race, Abdul El-Sayed and Mike Rogers are campaigning

American Express experienced a significant profit increase in Q3, driven by the successful transition of cardmembers to the higher-fee Platinum Card. The company reported a profit of $3.71 billion, with customers continuing to spend more on their cards despite the fee hike.

Local business owners in Rochester Hills are protesting a $40 million road reconstruction project set to begin in 2027, citing concerns over significant lane closures that could drastically reduce traffic and hurt sales. They are urging the Michigan Department of Transportation to revise the plan to maintain two lanes of traffic.

Big music stars are increasingly opting for residencies, with Harry Styles performing a 30-date series in New York City. This trend, once associated with retiring artists, now includes younger performers and has significant economic impacts, as seen with Bad Bunny's residency boosting Puerto Rico's economy.

A recent Pew Research Center survey indicates that over half of Midwesterners do not have sufficient savings to cover three months of living expenses. Additionally, many are cutting back on nonessential spending due to financial instability.

Local businesses in Rochester Hills are expressing concerns over a $40 million reconstruction project on Rochester Road set to begin in 2027. The planned lane closures could significantly reduce traffic and impact sales for these businesses.

Taco Bell has announced a decade-long extension of its partnership with PepsiCo, securing the beverage brand's presence despite KFC's recent switch to Coca-Cola. This deal is crucial for PepsiCo as it faces challenges in its North American beverage market.

Ronia Shamona from FOX 2 Detroit discusses the current economic landscape with Dr. Michael Greiner from Oakland University. They cover topics such as gas prices, job market trends, and investment strategies.

Airbnb has announced a new policy that eliminates checkout chores for guests, effective November 20. Hosts can only request reasonable tasks, aiming to enhance the guest experience and clarify expectations.

U.S. jobless claims fell to 194,000 last week, indicating low layoffs and strong job security for most Americans. The four-week average also dipped, reflecting a stable job market despite economic pressures.

Mark Zuckerberg has reached an agreement with Meta's board to manage his tax obligations if a proposed California wealth tax passes. This deal allows him to maintain his ownership stake while preparing for a potential tax liability exceeding $11 billion.

Mark Zuckerberg and Meta's board have reached an agreement allowing him to remain in California while addressing a proposed billionaire tax. This comes as Meta reports record earnings and plans to introduce a new class of non-voting stock.

A new study from Harvard and MIT shows that AI systems provide different salary negotiation advice based on gender. Men receive recommendations for higher salary targets, while women are often directed towards benefits like flexible hours and parental leave.

Workers at the Palisades nuclear plant have successfully retrieved a tipped fuel assembly, allowing fuel loading to resume. This marks a significant step in the plant's complicated journey towards restarting operations after plans for decommissioning were altered.

The new inflation numbers came out last week, and they say something most of us won’t believe. Grocery prices have stopped going up. Less than 2% over the past year. Down slightly last month. Now go pull that crumpled Kroger receipt out of your pocket. Do those numbers seem to track? Groceries sti

Bev's Bagels, known for its organic sourdough bagels, is set to open a new location in Birmingham on October 28. The shop will offer a focused menu initially, with plans to expand offerings and include delivery services.

Kilwins announced a new franchise option designed to make ownership more accessible while maintaining the confectionery brand’s standards for quality and customer experience.

U.S. jobless claims fell to 194,000 last week, marking the lowest level in three months. This decline indicates low layoffs and strong job security for most Americans, despite sluggish hiring.