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Carvana falls as rising rates, inflation cut used car sales
Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company's struggles with falling prices and waning demand for its products.
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Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company's struggles with falling prices and waning demand for its products.
Tesla to open testing facility and service center aimed at electric vehicles in Southfield.
Elon Musk said Friday that Twitter has seen a "massive drop in revenue," as a growing number of advertisers pause spending on the platform in the wake of his $44 billion acquisition.
DTE Energy released a proposal to change how the company will generate energy over the next 20 years.
The company announced its Thanksgiving Price Rewind which will match 2019 prices for discounts of up to 30% on items such as apple pie, brie cheese, cornbread stuffing, prosciutto, wine and more.
Ford sold 158,327 vehicles last month, down from almost 176,000 vehicles in the same period last year, the company said Wednesday.
People who bought certain types of canned air fresheners are told to immediately stop using them because they may burst.
Ford Motor Company unveiled the new 2023 Transit Trail on Thursday.
Since the first iPhone launched 15 years ago, consumer shopping habits have slowly but relentlessly shifted toward mobile devices.
Stuart Rowley, chief transformation and quality officer, is leaving after 32 years with the company. He'll be replaced by Jim Baumbick, who is now vice president of product development operations and internal combustion engine programs, the company said Wednesday.
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
Detroit City Distillery and Bees in the D are once again teaming up to create a limited edition Honey Bourbon and Bourbon Barrel-aged Honey.
Months after a bill was signed to allow Michigan businesses to add self-dispensing options, the state's first self-service taproom opened this month in Oakland County.
Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn.
Widely recognized for its curated local craft beer lists, comfort food and famous Cosmik Fries, HopCat returns to Downtown Royal Oak.
The union says the new five-year contract calls for Oakland to put between 3% and 4% each year toward salary increases.
Darean Smith, a sophomore at University High School in Ferndale, was shot and killed in the Suburban Collection Showplace parking lot.
Through the tentative contractual agreement, the district will invest an additional $33 million in RCS teachers over the next three years.
The Lions host the Rams on Sunday at Ford Field. Kickoff is 8:20 p.m.
U.S. District Judge Alvin Hellerstein's ruling upends the Republican presidential nominee's plan to move the case to federal court.
Andre Franklin is the CEO of Engineered by Dre.
Under the contract, the union can authorize a strike once an issue has gone through the grievance process.
The Biden administration announced that $50 million will go to Michigan, Ohio, Indiana, Kentucky, Tennessee and Illinois to boost electric vehicle production.
The union hosted a call Wednesday, during which members will hear what's at stake in November, the union's key issues, and how they're looking to win against the so-called "billionaire class."
"The Connect" is an autonomous shuttle service with 16 stops to help people get to or near their destination.
The teen idol who helped ignite the 1960s surfing craze as a handsome beach boy in the "Gidget" movies, James Darren has died at 88.
Joey Chestnut ate a world record 83 hot dogs in 10 minutes on Monday, relishing another victory against rival Takeru Kobayashi.
Walt Disney Co. pulled ESPN, its Disney network and ABC stations from DirecTV's service, a move that came on a busy sports night.
Rapper and radio personality Fatman Scoop experienced a medical emergency on stage in Connecticut, local officials said.
Detroit rock star Jack White threatened to sue after Trump's deputy director of communications used The White Stripes' hit "Seven Nation Army" in a video.
U.S. District Judge Alvin Hellerstein's ruling upends the Republican presidential nominee's plan to move the case to federal court.
Given that many retirees live on fixed incomes, affordability is a key metric to take into account when considering where to live out one's golden years.
Federal prosecutors filed criminal charges against Hamas leaders for the deaths of American citizens in Israel on Oct. 7, 2023, according to charging documents unsealed Tuesday.
A quirk of the calendar means millions of Social Security recipients won't receive checks this month.
Here's where the mosquito-borne diseases West Nile virus and eastern equine encephalitis are being reported in the U.S. in 2024.
Developed at Stanford University, a study found the device helped nearly 80% of pediatric patients avoid anesthesia during treatment.
Deadly listeria outbreak linked to recalled Boar's Head deli meat is the largest in the U.S. in more than a decade.
Tens of thousands of DTE customers are still without power after severe storms knocked out power to over 200,000 customers Tuesday night. Those same households are now forced to grapple with spoiled food.
The health system said its information technology platforms have been restored, and all temporary procedures that were enacted have been lifted.
A dead falcon found in Detroit has tested positive for West Nile virus, health officials announced.
The Lions host the Rams on Sunday at Ford Field. Kickoff is 8:20 p.m.
Rebecca Cheptegei's boyfriend, Dickson Ndiema, poured petrol on her and set her ablaze during an argument, police said.
Tigers opener Tyler Holton went two innings before Brenan Hanifee (0-1) took over.
The Detroit Lions know they have to put the 2023 season behind them and focus on 2024.
Miles Krajewski and Jayci Simon came to Paris as the U.S.'s first para badminton players and left as the country's first Paralympic medalists in the sport.
Detroit put the world on wheels, and now it is leading the charge to be the Mobility Capitol.
Canada is already Michigan's largest trading partner, worth hundreds of billions each year.
Michigan GOP Party Chair Pete Hoekstra and State Sen. Mallory McMorrow discuss the results of the primary and how the field of candidates still standing and their prospects look as Election 2024 enters the sprint to the finish line on Nov. 5 on CBS Detroit's Michigan Matters
Michigan's primary was held Tuesday, with numerous contests being voted on, including the open U.S. Senate seat, several Michigan U.S. House seats and much more.
The spotlight is on two successful Detroit family-owned businesses on CBS Detroit's Michigan Matters as leaders from PVS Chemicals and Sweet Potato Sensations talk about working for a family enterprise and the nuances.
Costco’s first membership price hike in seven years has taken effect. An annual membership has gone up to $65, while an executive membership has risen to $130.
A Michigan judge ruled Tuesday that Robert F. Kennedy Jr. must remain on the November presidential ballot.
Oakland University faculty and the school have reached a tentative agreement on a new contract, avoiding a strike a day before classes are set to begin.
The Rochester Community Schools Board voted to approve a new tentative agreement with the teachers' union Tuesday night. It's a contract that some say gives teachers too much freedom.
The 14th annual Detroit Month of Design takes place throughout September and brings together designers, consumers and residents to celebrate the city's role as a global design capital.