News and Events

Reimagined Detroit auto show moves to September, October 2021: “DETROIT, MI — Organizers are shifting the 2021 North American International Auto Show (NAIAS) from summer to fall. The reimagined indoor and outdoor show, originally planned for the summer, will run from Sept. 28 to Oct. 9, 2021, according to a news release. This year’s show was canceled due to the novel coronavirus and because TCF Center — where the show takes place — was selected by the Federal Emergency Management Administration as a field hospital site in March.” via Mlive.com

Stocks Close Sharply Lower; Dow Drops More Than 500 Points: “Sentiment has soured in September, with investors saying they are growing uneasy about the outlook for the U.S. economy as the prospect of an additional fiscal-stimulus package looks increasingly remote ahead of a heated U.S. election campaign season. ‘The odds of us getting a stimulus package before the election are probably as close to zero as we are going to get,’ said Jim Tierney, chief investment officer for concentrated U.S. growth at AllianceBernstein. ‘The stocks that needed stimulus are getting hit hard today.’ Shares of airlines, retailers and energy companies—which have been battered this year during the pandemic—were among the market’s biggest losers. Delta Air Lines dropped 9.2%, while Kohl’s fell 8.1% and Halliburton declined 8.5%.” via The Wall Street Journal