#DETROIT News
With Distress on the Rise, How Worried Should We Be?
commercialedge.com Conditions are ripe for a spike in commercial mortgage delinquencies. Rising interest rates have pushed loan coupons significantly higher, lenders are cutting back to…
Indo-Pacific Nations, US to Set Up Supply Chain Crisis Hotline
asiafinancial.com Trade ministers of 14 countries in the US-led Indo-Pacific Economic Framework (IPEF) reached their first tangible deal after year-long negotiations, “substantially”…
WWE Night Of Champions 2023 Results: Jimmy Uso And The Winners, Losers Of Saudi PLE
forbes.com WWE Night of Champions 2023 was another banger of a Premium Live Event with a strong crowd in Saudi Arabia and more storyline developments involving the Bloodline. WWE…
US review of China tariffs won't depend on trade 'breakthrough'-Deputy USTR
investing.com The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any "breakthrough" in…
U.S.-led Indo-Pacific talks produce deal on supply chain early warnings
investing.com Trade ministers of 14 countries in the U.S.-led Indo-Pacific Economic Framework (IPEF) talks "substantially completed" a deal to make supply chains more resilient and…
IPEF nations agree to strengthen supply chains at Detroit meeting
nikkei.com DETROIT, U.S. -- The U.S.-led Indo-Pacific Economic Framework wrapped up a meeting on Saturday, with trade ministers agreeing to a deal to strengthen supply chains for…
Biden Officials Announce Indo-Pacific Trade Deal, Clashing With Industry Groups
nytimes.com “This is about increasing the U.S. economic presence in the region,” Commerce Secretary Gina Raimondo said of the Indo-Pacific Economic Framework. The United States…
U.S. Delivers Early Win in Asia Trade Pact, but Rifts Surface
wsj.com Under a new pact, Asia-Pacific countries will work together to strengthen supply chains in critical sectors. DETROIT—The U.S. and 13 other Asia-Pacific nations agreed to…
Indianapolis Motor Speedway Owner Roger Penske Returns The Glory To The 107th Indianapolis 500
forbes.com The largest crowd since the 100th Indianapolis 500 in 2016 will fill the Indianapolis Motor Speedway Sunday for the 107thrunning of the biggest, most famous, and greatest…
China Says it Will Strengthen Chip Ties With South Korea
asiafinancial.com China’s commerce minister said on Saturday that China and South Korea have agreed to strengthen dialogue and cooperation on chip industry supply chains. The statement came…
These 20 US airports had the worst delays last summer
businessinsider.com Delays and cancellations peaked during the summer of 2022, with the Friday of Memorial Day weekend recording a particularly high number of canceled flights. RJ Sangosti/The…
China, South Korea agree to strengthen talks on chip industry
investing.com China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions…
A debt-ceiling deal may be close but the crisis likely isn't solved for good. Here's what would happen if the US actually defaulted on its debt
businessinsider.com Happy Saturday, team. I'm Phil Rosen — today I'm excited to share my conversation with an economic and policy expert from the Atlantic Council, who's a former IMF advisor…
I want to expose my brother for sexually abusing me
newsweek.com Dear Newsweek, I was sexually molested by one of my brothers when I was 7. I didn't tell anyone then since I couldn't understand what was happening. When I was an adult, I…
BeReal wins Apple’s App of the Year for 2022. Here are the other award-winning apps
euronews.com As Meta takes the heat, one "real" French social media app was crowned as Apple’s App of the Year. The winners of Apple’s App Store Awards for 2022 have been announced as…
Why Chinese carmakers are eyeing Thailand
economist.com S ago, when Japan’s carmakers were minnows outside their home market, the future giants of global car manufacturing—Toyota, Nissan and Honda among them—began to expand…
Donald Trump has become more dangerous
economist.com A politics came to this: the day after a jury concluded in a civil case that Donald Trump had committed sexual abuse and then defamed his victim, he preened on national…
Ford Taps Tesla’s Superchargers Network, Stirring Debate on EV Charging Standard
wsj.com Ford Motor’s decision to tap Tesla ’s Supercharger network helped lift the Detroit automaker’s shares by 6% Friday. It also furthered a divide over what should be the…
Economic development in Asia still faces many challenges, China minister says
reuters.com Economic and trade development in the Asia-Pacific still faces many disturbances and challenges, China's commerce minister Wang Wentao said. Wang made the comments at the…
Ford electric vehicle owners to get access to Tesla Supercharger network starting next spring
go.com DETROIT -- All of Ford Motor Co.'s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next…
Japan, U.S. to take aim at 'geographic concentrations' in chip production
nikkei.com DETROIT, U.S. -- Top Japanese and American trade officials on Friday put forward a road map for cooperation in advanced chipmaking as they reaffirmed the need to work…
The S&P 500 Seesaws On Debt Ceiling Uncertainty, Nvidia Becomes The Street's Favorite AI Provider
benzinga.com The S&P 500 recovered some of its losses Friday after a rollercoaster that took the index to a weekly low of 4,156 on Wednesday. The trend reflected positive sentiments…
US Trade Rep Tai objects to Chinese policies in commerce minister meeting
reuters.com [1/3] U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration DETROIT, May 26 (Reuters) - U.S. Trade Representative…
Homebuyers might be able purchase a home with less savings
businessinsider.com Two lenders launched a new home mortgage aimed at bringing buyers back to the housing market. Getty Images Affording a down payment is a major hurdle for many would-be…
These murders don't fit into the culture war
reason.com The national conversation around criminal justice feels uniquely polarized. That's quite the feat in an age where almost everything, it seems, is political. But the debate…
Friday Dance Music Guide: The Week’s Best New Tracks From Swedish House Mafia, Folamour, Jungle & More
billboard.com This week in dance music: We got the backstory of the new Donna Summer doc from the film’s creators, broke down why not one but two Avicii documentaries are currently in…
Ford's EV charging deal with Tesla puts pressure on GM, other rival automakers
cnbc.com DETROIT – A surprise deal between Ford Motor and Tesla on electric vehicle charging technology and infrastructure could put new pressure on other automakers' EV strategies.…
Woman gets wild email from man who hacked her credit card: "Thank you"
newsweek.com A woman who had her credit-card details stolen online was left stunned after receiving a jaw-dropping request from her alleged scammer. Online scams affect a huge number of…
It’s Not Easy Being an Independent Dance Music Festival
billboard.com Detroit’s beloved electronic music festival, Movement, returns to Hart Plaza tomorrow (May 27) for its 21st edition. While the fest’s 30,000 attendees partake in sets by…
Ford EVs will use Tesla charging tech in surprise partnership between rival automakers
nbcnews.com DETROIT — Ford Motor will partner with Tesla on charging initiatives for its current and future electric vehicles in an unusual tie-up between the two rivals, CEOs of the…
IPEF nations to pursue first economic agreements in U.S. meeting
nikkei.com DETROIT, U.S. -- The U.S.-led Indo-Pacific Economic Framework will hold a ministerial meeting on Saturday in the Michigan city of Detroit, where the 14 participating…
Video shows inside of aircraft after passenger opened emergency exit door
newsweek.com Terrified travelers clung on for dear life after a passenger forced open a plane door mid-air—buffeting the cabin with fierce winds. Twelve passengers needed hospital…
San Francisco is the most expensive city in the U.S. to raise a child
cnbc.com It's expensive to live in San Francisco — and even more costly to raise your kids there. The average annual cost of raising a child in the Bay Area is nearly double what…
US, China Ministers Hold ‘Candid’ Talks on Trade Concerns
asiafinancial.com Commerce ministers from the US and China met in Washington for talks described as “candid and substantive”. Commerce Secretary Gina Raimondo and her counterpart Wang Wentao…
Japan and US Agree to Cooperate on Advanced Technology
asiafinancial.com Japan and the United States have agreed to cooperate closely in research and development of advanced chips and other technologies, sources have revealed. Ministers from both…
US, Chinese trade officials express concern about each other's restrictions
apnews.com Commerce Secretary Gina Raimondo and her Chinese counterpart, Wang Wentao, expressed concern Thursday about policies of each other’s governments following Chinese raids on…
Japan, U.S. to lay out road map for more chip cooperation
nikkei.com TOKYO -- Japan and the U.S. are set to outline their plans for joint development of next-generation semiconductors, as the allies look to flesh out their bilateral…
Will Chinese hacking derail U.S. hopes for a thaw with Beijing?
nbcnews.com The State Department is warning American firms to be on guard for a new type of malware that it says a Chinese state-sponsored hacking group has been trying to insert into…
Trade once hurt Detroit. Biden is promising it will be different this time
politico.com DETROIT — The decline of Detroit’s economy in recent decades turned this iconic industrial city into a symbol of U.S. trade policy’s past failures. Now, President Joe Biden…
US trade chief seeks new thinking on global challenges as APEC ministers meet
reuters.com U.S. Trade Representative Katherine Tai on Thursday called on Asia Pacific Economic Cooperation (APEC) trade ministers to "think creatively" for solutions to overcome a host…
Elon Musk, Ford CEO make electric vehicle announcements on Twitter
newsweek.com Tesla CEO Elon Musk and Ford Motor Company's CEO Jim Farley joined together on Twitter Spaces today to announce that Ford customers will be able to utilize the Tesla…
Tesla CEO Elon Musk, Ford CEO Jim Farley to host Twitter Spaces talk about EVs Thursday
cnbc.com DETROIT – Ford Motor CEO Jim Farley and Tesla and Twitter CEO Elon Musk will host a live, audio discussion via Twitter Spaces about accelerating EV adoption at 5:30 p.m. ET…
At APEC trade meeting, union leaders call for new 'balance' with China
reuters.com U.S. trade policy with China and other nations must strike a more equitable balance between needs of workers and corporate profits, leaders of two big U.S. unions said at…
Motor City mechatronics
techcrunch.com A number of native Detroiters have asked me what I think about their city so far. The simple answer is that I don’t feel qualified to offer much insight yet. I’ve been here…
The 'Brady Bunch' house is listed for sale and resembles the sitcom after HGTV renovation
aol.com The iconic “Brady Bunch" home where Mike, Carol, Greg, Marcia, Peter, Jan, Bobby and Cindy Brady cemented their status as a beloved American '70s sitcom family is up for…
Ford CEO Jim Farley says Chinese automakers like BYD are its greatest EV rivals
cnbc.com BYD has grown its sales in China from 445,000 units in 2015 to nearly 2 million last year, making it one of the top five automakers by sales in China, according to LMC…
I was scrolling Trulia on the couch with wine, and it turned into a 1,000-mile move to a place I'd never lived. I'm thrilled
businessinsider.com Vanessa Chaverri-Gratz and her husband found a house online 1,000 miles away from her Texas home and bought it only weeks later. Kelsey Peper, Vanessa Chaverri-Gratz Texas…