University of Michigan

OpenAI was valued at $852 billion earlier this year in a new funding round. The increasing valuation of the ChatGPT parent company could benefit early backers like Microsoft Corporation (NASDAQ:MSFT). A new court document has revealed that one of the company's earliest backers is not a company but...

Confidence among American consumers has never been this depressed in the history of the University of Michigan survey. The preliminary April consumer sentiment index crashed to 47.6 — an all-time record low, an 11% monthly plunge and a sharp miss against the 52 consensus — as the Iran war’s...

The University of Michigan's preliminary consumer sentiment reading for March 2026 came in at 55.5, a modest 1.9% decline from February's 56.6 and the lowest level in three months. • United States Oil Fund stock is showing upward bias. Where is USO stock headed? But the headline number masks...

Mortgage rates spiked to their highest level in nearly two months, with the average 30-year fixed climbing to 7.1% on Friday, according to Mortgage News Daily. The sharp increase — 13 basis points in a single day — wrapped up one of the most turbulent weeks for bonds in decades. What To Know: The...

A sharp collapse in consumer confidence is setting off alarms from Main Street, with fresh inflation fears and growing recession risk fanning concerns that the U.S. economy is heading toward a painful stagflationary mix not seen since the early 1980s. In preliminary April data released Friday, the...

Wall Street wrapped up its fourth consecutive week in the red, a losing streak not seen since May 2022, and the S&P 500 index officially entered correction territory after sliding 10% from its February highs. Investor anxiety remains high, fueled by the looming impact of trade tariffs touted by...

The University of Michigan’s March consumer confidence survey showed a rapid decrease in consumer confidence amid historically high inflation expectations. Economists say this could be a bad omen for the United States economy. The Report: The report, released Friday, showed an 11% month-over-...

Michigan football fans are cheering after top high school football recruit Bryce Underwood flipped his recruit from LSU to U of M, a move that may have been helped by NIL (name, image and likeness) deals and a billionaire. What Happened: After winning the NCAA Football championship last season, the...

The University of Michigan’s widely followed consumer survey showed Friday that confidence hit a six-month high in November, driven by an optimistic future outlook and stable inflation expectations. November Consumer Sentiment Report: Key Highlights The consumer sentiment index rose from 70...

Preliminary estimates from the University of Michigan reveal that U.S. consumer confidence rose slightly more than expected in August, recovering after hitting its lowest level since November 2023 in July. This month’s consumer morale has been notably influenced by political developments,...

Editor’s note: This story has been updated with video. In Detroit, alongside the NFL Draft, Benzinga’s 2024 Draft event hosted a panel titled “On Champions Mindsets” with Jared Wangler, a former athlete turned CEO. Wangler guided the conversation with Donovan Edwards, a...

The latest April report on U.S. consumer confidence paints a bleak picture, showcasing a sharp decline in overall morale and a disturbing surge in inflation expectations among American consumers, according to data released Friday by the University of Michigan. "A slight uptick in inflation...

A successful football career playing for the University of Michigan Wolverines led Chase Winovich to being drafted in the third round of the 2019 NFL Draft and playing multiple seasons in the National Football League. Now retired from professional football, Winovich shares insights into his...

The Ross School of Business at the University of Michigan hosted the expanded Maize and Blue Stock Pitch Competition on Feb. 9, welcoming an impressive lineup of eight final contestants, an increase from the previous year. This competition, sponsored by William Blair & Company, Philadelphia...

The curtain has finally come down on the circus of Jim Harbaugh’s tenure as the head football coach of the University of Michigan Wolverines after winning the 2023 NCAA Football Championship.  With Harbaugh agreeing to be the head coach of the much-maligned Los Angeles...