Stocks rise, a day after disappointing forecast from Fed triggers sell-off
U.S. stocks are stabilizing following one of their worst days of the year.
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U.S. stocks are stabilizing following one of their worst days of the year.
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
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.
A manslaughter charge, punishable by up to 15 years in prison, has been filed over an April 12 fatal stabbing.
Gov. Gretchen Whitmer has asked FEMA for a few more weeks to prepare damage assessments from the March ice storm.
A Lansing man was found dead near a boat slip in the Florida Keys, local authorities reported.
Redford Township police are investigating a crash at Plymouth and Beech Daly roads that killed a motorcycle rider.
Pope Francis has died at the age of 88 following a number of health issues in recent years. Here's what we know about his cause of death.
A manslaughter charge, punishable by up to 15 years in prison, has been filed over an April 12 fatal stabbing.
Catholics from across Michigan have shared prayers in response to the announcement that Pope Francis has died.
Pope Francis made it his mission to change the perception of the Catholic Church around the world.
Gov. Gretchen Whitmer has asked FEMA for a few more weeks to prepare damage assessments from the March ice storm.
A drive-in theater that opened in 2021 in Monroe County has closed for good; citing overall industry trends.
The operations of Tribar's Wixom location will be moving to Howell, according to plans announced earlier this month.
Shawn Fain, president of United Auto Workers, took to social media Thursday to give a policy speech. "There's a lot of uncertainty over what this moment holds," he said.
Slotkin is a former CIA officer who worked in national security roles in the Pentagon during the Bush and Obama administrations.
The company says the layoffs are not related to tariffs. The layoffs are effective April 14.
The automaker is working with local authorities on the investigation.
A drive-in theater that opened in 2021 in Monroe County has closed for good; citing overall industry trends.
The WWE's 41st WrestleMania event is finally here. Here's what time it starts and how to watch all the action on night 2.
Ryan Gosling will star in the next installment of the "Star Wars" franchise, "Star Wars: Starfighter," which will hit theaters in May 2027. Shawn Levy will direct the film.
Wink Martindale, the host of hit game shows "Gambit" and "Tic-Tac-Dough," has died. He was 91.
Residents of a small Michigan community stood side by side to help a local bookstore move 9,100 books — one by one — from its former site to a new location about a block away.
Michigan's Fred Richard and Paul Juda finished first and second in the all-around and the Wolverines edged them past five-time defending champion Stanford to win their first NCAA men's gymnastics title since 2014.
Minutes after sharing a more traditional Easter message on Truth Social, President Trump posted a longer, grievance-filled message.
Sen. Chris Van Hollen traveled to El Salvador last week, where he met with Abrego Garcia after he said his attempts were repeatedly turned down by the Salvadoran government.
Check out the list of the supermarkets, retailers, and fast food chains that are open on Easter and which are closed.
A medical unit with the Michigan Army National Guard is preparing for a deployment to the Middle East, according to state officials.
"We are acting out of an abundance of caution to notify the public as quickly as possible," Dr. Julie Kehdi said.
Casely received 51 consumer reports of the charger's lithium-ion batteries catching fire while in use, resulting in burn injuries.
Three or more related cases of the measles is an outbreak, according to the CDC.
During Black Maternal Health Week, a national campaign to raise awareness and improve outcomes for Black mothers, the Detroit-based organization Mothering Justice is spotlighting what happens when advocacy turns into action.
According to the Michigan Department of Health and Human Services, unvaccinated people have a 90% chance of getting the virus if exposed to it.
Michigan's Fred Richard and Paul Juda finished first and second in the all-around and the Wolverines edged them past five-time defending champion Stanford to win their first NCAA men's gymnastics title since 2014.
The Detroit Tigers were bested by the Kansas City Royals 4-3 Sunday afternoon after Bobby Witt Jr. hit a tiebreaking sacrifice fly in the 10th inning.
The New York Knicks had a 21-0 run in the fourth quarter, when Detroit had more turnovers than baskets, and won Game 1 123-112.
Michigan quarterback Bryce Underwood showed glimpses of the growing pains he will likely experience as a freshman and flashes of the promise that made him the nation's top-rated high school football recruit in the Wolverines' spring game.
Jalen Brunson scored 34 points, Cam Payne had 11 of his 14 in the fourth quarter and the Knicks beat the Pistons 123-112 in Game 1 on Saturday.
It's a look at the Detroit Public Schools Community Foundation and how things are going as Kerrie Mitchell, CEO, appears on Michigan Matters to give an update.
Lawrence Technological University is 93 years old with a strong regional imprint, which Dr. Tarek Sobh talks about on Michigan Matters.
A trio of experts talks about consumer needs when it comes to transit, which are evolving.
David Wasserman appears and talks about the two political parties.
It's a conversation about the first weeks of the Trump administration and its impact on Michigan.
The Capuchin Soup Kitchen and Buddy's Pizza are partnering up for the 49th annual "Slice for Life" fundraiser. Wes Pikula with Buddy's Pizza and Friar Tien Dinh discuss the upcoming fundraiser.
A local program is helping Metro Detroit students succeed. Rinia Shelby-Crooms with United Way joins CBS News Detroit to discuss Summer Discovery Michigan 2025.
The Direct Heir Foundation will be hosting its third annual fashion show brunch fundraiser to support teenage entrepreneurs. Founder Lorri English joined CBS News Detroit to discuss the mission behind the foundation.
There's new controversy surrounding Defense Secretary Pete Hegseth's use of the app, Signal.
The Michigan Department of Transportation is implementing new lane closures amid construction on Interstate 696 in Oakland County, Michigan.