Deposits at Silicon Valley Bank to be fully guaranteed, U.S. government says
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
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All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Amid a growing jobs gap, companies like DTE are teaming up to help the cause. Hear from Jerry Norcia - president/CEO of DTE Energy, Nicole Sherard-Freeman, group executive of City of Detroit's Job and Economy Team, Portia Roberson, CEO of Focus: HOPE, and James Shaw of IBEW Local 17 as they discuss one new program and, the overall jobs picture.
The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said Thursday in a downgrade from its initial estimate.
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
The Conference Board's consumer confidence index — a closely watched metric gauging attitudes about the current and future strength of the economy — measured 107.1 in January, according to data released Tuesday by the business think tank.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
Should Fed's rate hikes cause a recession, a jump in layoffs and unemployment claims would be an early sign.
Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
Heading into the all-important holiday shopping season, American consumers still aren't feeling very confident about the state of the US economy.
Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn't happen.
Inflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
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.
Fresh from Tuesday's primary where the stage for November's election is now set, top leaders of the state's Democratic and Republican Parties appear on CBS 62's "Michigan Matters" to talk about the road ahead and some heated races coming up in November.
Gov. Gretchen Whitmer talked about her plans to fix the state's ailing roads, the pandemic and politics on "Michigan Matters" airing 8am Sunday on CBS 62.
The funds will be spent on helping families with quality childcare and children's savings accounts.
As the pandemic winds down, an offshoot has been a growing jobs gap particularly in the skilled trades, which is why CBS 62's "Michigan Matters" is taking a look this Sunday at 7:30 a.m. at one unique program to train more tree trimmers.
Gov. Gretchen Whitmer discusses the dizzying issues that arose this year including the pandemic, economic fallout, and a heated election on CBS 62's "Michigan Matters."
Florida set a single-day record for new COVID-19 cases in early July, passing 15,000 and rivaling New York's worst day.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
Detroit Lions linebacker Alex Anzalone has broken his left forearm and is expected to miss six to eight weeks, another blow to a defense that has been hit hard by injuries.
Clifton R. Wharton Jr., former Michigan State University president and pioneer, is dead at the age of 98, the school said.
Pawsitive Stretch in Farmington Hills holds puppy yoga sessions in an effort to find young dogs their forever home.
Bluesky reported one million new users after President-elect Trump tapped X owner Musk for his next administration.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Jared Goff threw two of his four touchdown passes to Amon-Ra St. Brown and the Detroit Lions routed the Jacksonville Jaguars 52-6 on Sunday.
Detroit Lions linebacker Alex Anzalone has broken his left forearm and is expected to miss six to eight weeks, another blow to a defense that has been hit hard by injuries.
A 43-year-old woman is dead after being hit by three vehicles in Monroe County late Saturday, and authorities are looking for the first driver that hit her, the Monroe County Sheriff's Office says.
General Motors announced Friday it was laying off nearly 1,000 salaried workers worldwide.
Family and friends remembered the life of 7-year-old Jerome Coleman Jr. Saturday, one week after the fatal crash involving an alleged drunk driver.
General Motors announced Friday it was laying off nearly 1,000 salaried workers worldwide.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Ford Motor Co. will pay a penalty of up to $165 million to the U.S. government for moving too slowly on a recall and failing to give accurate recall information.
Earlier this week, the automaker announced that it was indefinitely laying off 1,100 union-backed workers at its Toledo South Assembly Plant.
Stellantis, which owns brands like Chrysler, Dodge, Fiat, Jeep and Ram, says the job cuts are effective Jan. 5, 2025.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Tickets go on sale Friday, November 22 at 10 a.m.
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Video showed nearly a dozen people wearing black pants, shirts and head coverings and red masks covering their mouths marching down the street. Three of the people were carrying black flags with red swastikas.
Mr. Biden has made addressing climate change a key part of his policy agenda.
Bela Karolyi and his wife Martha defected to the U.S. in 1981, and over the next 30-plus years, became a guiding force in American gymnastics, though not without controversy.
The U.S. Centers for Disease Control and Prevention has said slivered onions on the McDonald's Quarter Pounders were the likely source of the E. coli.
In September, nurses submitted cards of interest to the National Labor Relations Board, which then approved the right to hold a formal vote
The FDA's Dr. Peter Marks says he hopes to keep his job under a second Trump term, and urges Robert F. Kennedy Jr. to "keep an open mind."
U.S. Consumer Product Safety Commission issues urgent safety alert after ninth recall of adult bed rails in three years.
The DOJ has notified the Michigan Department of Health and Human Services and the Michigan State Attorney General's Office of the investigation.
Overdose deaths have slowed 18% since a peak last year, the CDC estimates.
Dylan Larkin scored the only goal for the Detroit Red Wings in Saturday's 4-1 loss to the Los Angeles Kings.
The Detroit Lions (9-1) easily dispatched the Jacksonville Jaguars 52-6 on Sunday, marking their eighth straight win.
Bela Karolyi and his wife Martha defected to the U.S. in 1981, and over the next 30-plus years, became a guiding force in American gymnastics, though not without controversy.
The Michigan State Spartans have now lost six of seven games following Saturday's 38-16 loss to Illinois.
Malik Beasley scored seven of his 20 points in the fourth quarter, Cade Cunningham had 15 points and 10 assists and the Detroit Pistons beat the struggling Toronto Raptors 99-95.
How did the Democrats lose so many races at once?
In Michigan, the Democrats have control of the governor's mansion and both state houses.
In Michigan, the Democrats now have control of the governor's mansion and both state houses.
Both party chairs also talked about the ground game as each looks for independent voters and those who haven't voted in a while they hope to inspire to show up on Nov. 5.
Trump and Harris and their anointed representatives continue to make campaign stops in Detroit, Grand Rapids, Flint and other places in Michigan, a critical battleground state.
A mild start to the work week
Pawsitive Stretch in Farmington Hills holds lively puppy yoga sessions in an effort to find young dogs their forever home.
A 43-year-old woman is dead after being hit by three vehicles in Monroe County late Saturday, and authorities are looking for the first driver that hit her, the Monroe County Sheriff's Office says.
The NFC-leading Detroit Lions easily dispatched the Jacksonville Jaguars Sunday, marking the team’s eighth straight win.
Leader Dogs for the Blind is seeking some dog lovers to help socialize and teach obedience skills to 70 new puppies.