Latest news with #AdrienneRoberts
Yahoo
6 days ago
- Business
- Yahoo
New claims for unemployment insurance jump as automakers idle plants for summer shutdowns
New weekly unemployment claims in Michigan rose by 130% last week compared with the week prior, the U.S. Department of Labor said on July 10, as automotive companies shut down manufacturing plants for the typical summer shutdowns. New claims, a proxy for layoffs, rose to 15,581 in the week ending July 5, compared with 6,783 the week before, the labor department said. A year ago at this time there were 17,675 new claims for unemployment benefits in Michigan, according to labor department data. Overall, there were 227,000 seasonally adjusted initial claims for unemployment benefits in the U.S. last week, a decrease of 5,000 claims compared with the week prior. New claims for jobless benefits in Michigan often spike in the weeks surrounding the July 4 holiday as automakers use that time for retooling or maintenance. Nick Assendelft, a spokesperson for Michigan's Unemployment Insurance Agency, confirmed that the increase in claims is seasonal and is "related to manufacturing jobs and retooling in the auto industry." Michigan's unemployment rate has inched up in the last few years after reaching its low point post-pandemic of 3.7% in May 2023, and has hovered above 5% since last August. The state's rate is higher than the average U.S. rate of 4.2%. Most recently, Michigan's unemployment rate edged down slightly to 5.4% in May after months of increases. More details on June's unemployment rate are expected to be released on July 17. More on the state's jobless rate in May: Michigan's unemployment rate drops slightly in May but is still above U.S. average There are signs that's Michigan unemployment rate could remain at these elevated levels in upcoming months. More than 230 employees of the publicly traded cannabis company TerrAscend Corp. in Michigan will lose their jobs this year as the company, which owns brands such as Gage Cannabis and Cookies, pulls out of the Michigan market, according to a WARN Act notice filed recently with the state. More on why TerrAscend is leaving: Cannabis giant TerrAscend to exit Michigan market, closing 20 stores and cutting 230 jobs Meanwhile, Blue Cross Blue Shield of Michigan laid off nearly 220 nonunion employees and eliminated more than 400 open positions in June, and is looking to cut $285 million in administrative costs this year. Michigan State University said late last month that it plans to lay off some faculty and staff as it battles rising costs and shrinking revenue. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Unemployment benefit claims spike as auto plants take summer shutdown
Yahoo
22-06-2025
- Yahoo
Security guard kills gunman during church shooting in Wayne, police say
A active shooter was killed by a security guard at CrossPointe Community Church in Wayne on June 22, according to police. At least one other person was injured. The Wayne Police Department said in a Facebook post that it responded to an active shooter at CrossPointe Church in Wayne on Sunday morning. "Upon arrival, officers determined that a security guard for the church shot and killed the suspect," the post said. "One victim was shot in the leg. Please avoid the area. Officers are still actively investigating." When asked for more details, a Wayne Police officer pointed to the department's Facebook post as its official statement. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Gunman shot dead by security at Wayne church, police say
Yahoo
30-05-2025
- Business
- Yahoo
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection
Detroit-based Shinola has stopped manufacturing and selling bicycles, which were once a core part of the brand's offerings. The last of the stock sold out in March 2025, a Shinola representative confirmed, and there aren't plans to restock at this time. "Shinola bikes have been a part of our brand DNA for years, and helped us make our mark in the design space," Shinola said in an emailed statement. "At this time, Shinola is committed to doubling down on our watch assortment," the company said, pointing to its recent partnership with the J Dilla estate to create limited-edition watches. When Shinola was founded in 2011 in Detroit, bicycles, which retailed for as much as $3,000, were one of the brand's core products, along with watches and leather goods. Later, it expanded with other products such as headphones and opened a hotel in downtown Detroit in 2019. Nike announces new price hikes: See what other retailers have done since Trump tariffs Four years ago during the pandemic, a Shinola executive told the Detroit Free Press that the company saw an uptick in sales in bicycles, and that Shinola was refocusing on core products as it looked ahead to the brand's next decade. The brand also continues to expand its hospitality footprint with the announcement of a second Shinola Hotel in downtown Indianapolis. However, Shinola said it isn't closing the door on bikes completely. "Whilst we might not have Shinola bikes currently, it doesn't mean they might not be back in the future, as there are a lot of exciting developments to come in 2025 and beyond," Shinola said in the statement. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Detroit's Shinola stops making bikes as it refocuses on watches Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
30-05-2025
- Business
- USA Today
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection Show Caption Hide Caption Gap shares tumble as retailer warns of tariff toll on profits Gap shares fell 20% in early trading on Friday after the Old Navy owner warned that U.S. tariffs would squeeze this year's profit, even as the apparel maker aims to soften the blow by diversifying its supply chain and investing in U.S. cotton. The last of the stock of bikes sold out in March 2025. Shinola isn't ruling out that bikes could be back in the future. Detroit-based Shinola has stopped manufacturing and selling bicycles, which were once a core part of the brand's offerings. The last of the stock sold out in March 2025, a Shinola representative confirmed, and there aren't plans to restock at this time. "Shinola bikes have been a part of our brand DNA for years, and helped us make our mark in the design space," Shinola said in an emailed statement. "At this time, Shinola is committed to doubling down on our watch assortment," the company said, pointing to its recent partnership with the J Dilla estate to create limited-edition watches. When Shinola was founded in 2011 in Detroit, bicycles, which retailed for as much as $3,000, were one of the brand's core products, along with watches and leather goods. Later, it expanded with other products such as headphones and opened a hotel in downtown Detroit in 2019. Nike announces new price hikes: See what other retailers have done since Trump tariffs Four years ago during the pandemic, a Shinola executive told the Detroit Free Press that the company saw an uptick in sales in bicycles, and that Shinola was refocusing on core products as it looked ahead to the brand's next decade. The brand also continues to expand its hospitality footprint with the announcement of a second Shinola Hotel in downtown Indianapolis. However, Shinola said it isn't closing the door on bikes completely. "Whilst we might not have Shinola bikes currently, it doesn't mean they might not be back in the future, as there are a lot of exciting developments to come in 2025 and beyond," Shinola said in the statement. Contact Adrienne Roberts: amroberts@
Yahoo
30-05-2025
- Business
- Yahoo
Shinola ends its ride: The Detroit brand quietly retires its bicycle collection
Detroit-based Shinola has stopped manufacturing and selling bicycles, which were once a core part of the brand's offerings. The last of the stock sold out in March 2025, a Shinola representative confirmed, and there aren't plans to restock at this time. "Shinola bikes have been a part of our brand DNA for years, and helped us make our mark in the design space," Shinola said in an emailed statement. "At this time, Shinola is committed to doubling down on our watch assortment," the company said, pointing to its recent partnership with the J Dilla estate to create limited-edition watches. When Shinola was founded in 2011 in Detroit, bicycles, which retailed for as much as $3,000, were one of the brand's core products, along with watches and leather goods. Later, it expanded with other products such as headphones and opened a hotel in downtown Detroit in 2019. Nike announces new price hikes: See what other retailers have done since Trump tariffs Four years ago during the pandemic, a Shinola executive told the Detroit Free Press that the company saw an uptick in sales in bicycles, and that Shinola was refocusing on core products as it looked ahead to the brand's next decade. The brand also continues to expand its hospitality footprint with the announcement of a second Shinola Hotel in downtown Indianapolis. However, Shinola said it isn't closing the door on bikes completely. "Whilst we might not have Shinola bikes currently, it doesn't mean they might not be back in the future, as there are a lot of exciting developments to come in 2025 and beyond," Shinola said in the statement. Contact Adrienne Roberts: amroberts@ This article originally appeared on Detroit Free Press: Detroit's Shinola stops making bikes as it refocuses on watches
