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ANN ARBOR – Crude oil prices nearing $100 per barrel are pushing up gas prices, grocery costs, and household expenses across Michigan and the United States. While most consumers notice the impact first at the gas pump, economists say the real effect of higher oil prices spreads far beyond gasoline. From groceries to airline tickets
KALAMAZOO - A suspected Iranian cyberattack targeting Kalamazoo-based medical technology giant Stryker is raising alarms among cybersecurity experts who say global conflict is increasingly spilling into corporate computer networks. Stryker, one of Michigan’s largest healthcare companies, generates more than $25 billion in annual sales and employs roughly 56,000 people worldwide, producing orthopedic implants, surgical equipment,
ANN ARBOR - Artificial intelligence and data center expansion are driving a surge in electricity demand nationwide, raising questions about whether Michigan’s power grid—and future energy mix—can keep up. AI Data Centers Are Driving A Surge In Electricity Demand Artificial intelligence is rapidly transforming industries across the United States, but the technology boom comes with
New Grand Valley State University survey shows improving manufacturing activity in West Michigan as economists warn global tensions could quickly reshape the outlook. GRAND RAPIDS — Michigan’s manufacturing economy may be showing early signs of stabilization after several months of uncertainty, according to new data from Grand Valley State University, but economists say global risks
LANSING - Michigan’s legal cannabis market may have just posted its worst monthly sales performance in more than two years — a decline many industry operators say is tied to the state’s controversial new 24 percent wholesale marijuana tax. Preliminary industry data from cannabis analytics firm Headset.io projects Michigan cannabis sales dropped to about $206.18
ANN ARBOR - Michigan is emerging as a potential hub for the next wave of artificial intelligence data centers, but the rapid growth of these massive computing facilities is raising a new question for policymakers and utilities: Who will pay for the electricity? Large cloud and AI data centers require enormous amounts of power —
DETROIT - Oil prices are climbing and analysts warn a wider Iran war could trigger another global energy shock similar to the 2022 crisis. Michigan gasoline prices are already rising as global oil markets react to the expanding conflict involving Iran and growing fears that fighting in the Middle East could disrupt one of the
LANSING — Michigan recorded nearly 20,000 job cuts in January, one of the highest totals in the United States, raising new questions about how economic shifts in the automotive and manufacturing sectors could reshape the state’s workforce. According to a new national layoffs report from outplacement firm Challenger, Gray & Christmas, Michigan employers announced 19,714
LANSING — Michigan lawmakers have introduced legislation that would impose a one-year moratorium on new data center construction, arguing the state needs time to study the impact of rapidly expanding artificial intelligence infrastructure on electricity demand, water resources, and local communities. The proposal comes as Michigan begins attracting interest from developers seeking locations for large-scale
COVERT, MI - The effort to restart the Palisades Nuclear Generating Station is entering its most consequential regulatory phase, as missing decades-old weld documentation forces owner Holtec International to seek relief from federal regulators. At issue is whether the 800-megawatt nuclear plant — shut down in May 2022 after 51 years of operation — can
