Inflation remains sticky, with CPI rising 2.7% from a year ago
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
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Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
A growing number of unemployed workers have been searching for a new job for more than 15 weeks, labor data shows.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
President-elect Donald Trump's vow to raise tariffs could have Americans paying more for goods, from toys to auto parts, experts say.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
Consumer confidence soared in October, signaling that Americans may continue to open their wallets.
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Treasury chief Janet Yellen is warning that tariffs planned by former President Donald Trump will reignite inflation.
The number of Americans moving to high-risk areas from low- and moderate-risk areas has doubled after the pandemic.
Kamala Harris and Donald Trump are trying to get the upper hand with working-class voters in the closing weeks of the presidential campaign.
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.
Michigan's current minimum wage will rise 20% by the end of February thanks to a recent state Supreme Court decision.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The latest labor market data comes less than two weeks ahead of the Federal Reserve's decision on whether to cut interest rates.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The Canadian government has ordered the country's two major freight railroads to enter binding arbitration.
Stellantis is warning that it could lay off as many as 2,450 of the 3,700 union workers employed at a truck plant just outside of Detroit.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company's CEO said the auto industry is in the middle of a significant storm.
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Support for organized labor is at a high not seen since the 1960s, with 71% of Americans saying they approve of unions, according to Gallup.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
Police say the motive for the stabbing is unknown.
Abrahim Hassan Alfagieh, 36, was arraigned on Tuesday and remanded to jail, according to the Wayne County Prosecutor's Office.
Investigators believe the victim was targeted because he owned a jewelry store in Hamtramck.
Lawmakers in Lansing are trying to redefine what it means to have suitable shelter for animals.
Detroit Diamond put her skills on display as a finalist in the Netflix series "Rhythm + Flow," and her career is starting to take off.
We're tracking snow and more bitterly cold air for Southeast Michigan this week.
Police say the motive for the stabbing is unknown.
Abrahim Hassan Alfagieh, 36, was arraigned on Tuesday and remanded to jail, according to the Wayne County Prosecutor's Office.
Investigators believe the victim was targeted because he owned a jewelry store in Hamtramck.
Lawmakers in Lansing are trying to redefine what it means to have suitable shelter for animals.
Organizers announced earlier this year that the show was returning to its traditional January slot after taking place in the fall in recent years.
The grants are in addition to the $1.8 million that Stellantis provided for home repairs to 120 homeowners on the east side in 2020 and 2021.
Troubled automaker Stellantis has decided that its Ram brand needs its own executive, so it is bringing back an executive who retired this year when CEO Carlos Tavares was still running the company.
In Metro Detroit, gas prices continue to fall. Motorists are filling up for an average of $2.96 per gallon.
As we prepare for the winter season, getting your car ready for its quick or long trek can make all the difference.
Detroit Diamond put her skills on display as a finalist in the Netflix series "Rhythm + Flow," and her career is starting to take off.
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Detroit's Movement Festival released a snippet of its 2025 lineup featuring Carl Cox, John Summit and Detroit native Carl Craig.
Here's what to know about Frontier's "GoWild!" unlimited flight deal, an "all you can fly" offer that costs $299.
Walmart says retailing giant is testing pilot in one market, and no longer-term decisions have been made.
A "combination of factors" appear to have led a 15-year-old student to carry out a school shooting, police in Madison, Wisconsin, said Tuesday.
Luigi Mangione was indicted Tuesday by the Manhattan district attorney in the murder of UnitedHealthcare CEO Brian Thompson.
"People deserve to know upfront what they're being asked to pay," FTC Chair Lina Khan said in announcing crackdown on certain consumer fees.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
A court in Hazel Park is aiming to treat people with substance abuse while keeping them out of prison.
Aaron Siri, an attorney to Robert F. Kennedy Jr., petitioned the FDA to "withdraw or suspend" its approval of a polio vaccine.
Union officials representing the University of Michigan Health-Sparrow nursing staff have been working for months for an improved contract, but leaders say they're not close to a deal.
As of Dec. 5, the Lenawee County Health Department has seen 23 confirmed cases in 2024, compared to one case in 2023.
The first-round draft pick suffered an injury to his left tibia during Week 6. However, he says he wasn't going to let the injury stop him and made a promise to his teammates.
Harris launched his "Season of Smiles" event, an annual shopping spree for five preselected deserving families.
Campbell, though, doesn't like that Detroit gave up 48 points in a six-point loss to the AFC East champion Buffalo Bills on its home turf.
Tim Hardaway Jr. hit three 3-pointers in overtime to help the Detroit Pistons end the Miami Heat's four-game winning streak with a 125-124 victory.
The bad news on the injury front continues for the Detroit Lions.
Mary Tyler Moore turned the world on with her megawatt smile as she starred in the iconic "Dick Van Dyke" and "Mary Tyler Moore" shows a generation ago.
The roundtable talked politics and focused on blockbuster news that Detroit Mayor Mike Duggan would run for governor in 2026 but as an independent candidate.
President-elect Donald Trump campaigned with talk of ending the $7,500 electric vehicle tax credit which has helped fuel sales.
The 98th Annual America's Thanksgiving Parade will roll through the streets of downtown Detroit this Thursday, with hundreds of thousands lining Woodward Avenue as six new floats make their debut.
Hackel, the former Macomb County Sheriff, said the results of the 2024 contest are giving him more confidence than ever that he has the right stuff and resumé to be governor.
Stellantis has announced plans to boost manufacturing in Italy after a drop in Italian car production upsets members of the union. Jan Griffiths, founder of Gravitas Detroit, joined CBS News Detroit to weigh in.
A former Adrian College women's hockey player is suing a Michigan State University rival player after she sustained injuries over the ice. Attorney Ronald Applebaum with Applebaum & Stone Law Firm, joined CBS News Detroit to weigh in on the lawsuit.
Two men charged with murder in the death of a Rochester Hills man back in October appeared in court on Tuesday. Joshua Zuazo, 39, and Carlos Hernandez, 37, are charged with felony murder and two counts of false imprisonment in connection with the death of 72-year-old businessman Hussein Murray. Investigators allege the suspects posed as DTE workers and attempted to gain access to Murray's home on the night of Oct. 10. They were denied entry and returned the following day, this time being allowed inside.
We've already experienced arctic air this season and will again soon. Those conditions outside are dangerous not only for you but also for your pets. That's why lawmakers in Lansing are trying to redefine what it means to have suitable shelter for animals.
A new name is breaking into the rap industry, and she's from the Motor City. Detroit Diamond put her skills on display as a finalist in the Netflix series "Rhythm + Flow," and her career is starting to take off.