Economic growth remains solid, shrugging off recession fears
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
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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.
The stock market had a miserable 2018, but some companies bucked the trend to post an exceptionally good year.
The Department of Education said Thursday that it would wipe away student debt for 15,000 borrowers, implementing an Obama-era rule that Secretary Betsy DeVos has fought to block for more than a year.
As the value of Bitcoin continues to drop, Ohio becomes the first US state to accept the cryptocurrency in paying taxes.
The U.S. Department of Housing and Urban Development has awarded more than $3.2 million in grants to help people in Michigan find housing, make better informed choices about housing and keep their homes.
For the second year in a row, US seniors will see increases in their Social Security checks starting in January.
Student loan debt is down slightly, but remains a crisis for graduates in Michigan and elsewhere who struggle to pay back their loans.
Volkswagen has found a new way to use a 3D printer: To mass produce car parts.
A 34-year-old motorist is in custody after the Michigan State Police said they led law enforcement on a chase through Wayne County Saturday night.
A 28-year-old man has been sentenced after an alleged Facebook photo posted last September depicted a Michigan judge in a coffin, according to the Macomb County Prosecutor's Office.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Police in Detroit are investigating after they say a woman was found dead on a street on the city's north side Sunday evening.
More than a dozen passionate Washington Township residents stood on a bridge near 26 Mile Road to raise awareness about a proposed data center on Sunday.
Police and loved ones are looking for a 25-year-old Wyandotte, Michigan, man who family says was declared missing on Friday.
More than a dozen passionate Washington Township residents stood on a bridge near 26 Mile Road to raise awareness about a proposed data center on Sunday.
Police in Detroit are investigating after they say a woman was found dead on a street on the city's north side Sunday evening.
Two police officers in Highland Park, Michigan, were injured in a crash involving two of the city's own patrol cars, the Michigan State Police said Sunday morning.
A 34-year-old motorist is in custody after the Michigan State Police said they led law enforcement on a chase through Wayne County Saturday night.
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Lead singer and frontman Dee Snider said he suffers from degenerative arthritis and has had several surgeries over the years.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
Republicans and Democrats in Congress are locked in a standoff over reforming the nation's immigration enforcement operation as a deadline to reach a resolution and fund the Department of Homeland Security approaches.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
Legionella testing at Oakland County government facilities has detected the bacteria in the water systems of two additional buildings.
When the temperatures plummet, and the snow starts piling up, most of us have the same instinct: retreat indoors, crank up the heat, and get cozy.
Planned Parenthood of Michigan has started to offer vasectomy services in Grand Rapids, with plans to expand the procedure across the state.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
25-year-old Tyler Bojanowski, of Wyandotte, Michigan, remains missing. His family is looking for him.
Looking at a quiet start to the week with Partly sunny skies today, with a high near 24. Wind chill values as low as -5. East southeast wind around 6 mph. There will be a chance for light freezing rain and sleet tonight, mainly north of the Interstate 69 corridor. Temperatures will warm to near 40 Tuesday, then colder temperatures and dry weather will prevail through the end of the week.
The Detroit Pistons flew to Charlotte on Sunday to kick off their last two road games before the all-star break. President of Basketball Operations Trajan Langdon said his goal is to have two-way breakout star Daniss Jenkins rostered by Monday. The guard wants everyone to remember that he went undrafted.
The Washington Township Board of Trustees earlier this month asked the planning commission to review a zoning ordinance related to a planned data center. Many in the area say they don’t want the project to go through. Veronica Ortega has their story.
A mother is desperate to find her 25-year-old son who went missing from Wyandotte on Thursday. She said she last saw him at their home before he left to visit friends.