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Gen Xers are nearing retirement. About half say they need a miracle.
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.
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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.
Gov. Gretchen Whitmer will spend two days in Washington D.C. to pitch the state for federal resources, including additional investment in "economic and workforce development, innovation and cross-border cooperation."
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
The 2024 NFL Draft in downtown Detroit concluded on Saturday, and city officials anticipate the economic impact to be significant.
Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday.
Workers at Mercedes-Benz factories near Tuscaloosa, Alabama, will vote next month on whether they want to be represented by the United Auto Workers union.
Wall Street is closely watching the jobs report and next week's inflation data to predict when the Fed might cut rates.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Workers at Volkswagen's factory in Chattanooga, Tennessee, will vote next month on whether they want to be represented by the United Auto Workers union.
Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles.
Volkswagen's factory in Chattanooga, Tennessee, is likely to be the first test of the United Auto Workers' effort to organize nonunion automobile plants across the nation.
Economic issues hit Sesame Street, as Cookie Monster takes to social media to complain his favorite food is getting smaller.
The United Auto Workers says a majority of workers at a Mercedes plant near Tuscaloosa, Alabama, have signed cards in support of joining the union.
On Tuesday, business and civic leaders did a deep dive into that report at One Campus Martius.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
U.S. Treasury Secretary Janet Yellen touted a strong economy and believes inflation is returning to normal levels while making several stops across Detroit on Wednesday, including NewLab at Michigan Central.
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
Bartender Catey Regis's pricey misadventure of buying a used car recently speaks to why voters are worrying about the U.S. economy going into this year's presidential election.
Ford says it swung to a net loss in the fourth quarter.
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
UPS will lay off 12,000 workers and says it is ordering employees to return to the office five days a week.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
The monthly report signals hiring remains stronger than many economists had forecast, while the jobless rate dipped to 3.7%.
Polls show Americans' trust in the Supreme Court has never been lower, especially in light of ethical lapses that lead observers to question the impartiality of the justices.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Hurricane warnings are already in effect in Barbados, St. Lucia, Grenada, St. Vincent and the Grenadines and Tobago.
Brandsegg-Nygard is the first Norwegian player selected in the first round of the NHL Draft.
Hurricane Beryl is forecast to strengthen into a "dangerous major hurricane" before reaching Barbados and the Windward Islands late Sunday.
Denise Ezell filed a lawsuit on Wednesday, saying she still has not received the money since winning on Oct. 30, 2023.
Michigan Gov. Gretchen Whitmer said the difference between Biden and Trump "could not be clearer" following the first presidential debate of the year.
Polls show Americans' trust in the Supreme Court has never been lower, especially in light of ethical lapses that lead observers to question the impartiality of the justices.
The Dearborn Heights City Council approved the budget for the upcoming fiscal year, avoiding a citywide shutdown on July 1.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
American automakers are pushing back against a federal safety ruling that involves automatic emergency braking technology in new cars.
Dearborn Village Ford general sales manager Jay Sturtz says they're resorting to good old-fashioned pen and paper while they wait for CDK to come back online.
The board of General Motors approved another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024.
United Auto Workers union President Shawn Fain and other union leaders are under investigation by a federal court-appointed monitor, according to a court filing.
Stellantis-owned Chrysler is recalling more than 211,000 SUVs and pickup trucks in the U.S., due to a software malfunction that could disable the cars' electronic stability control systems.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
"CBS News 24/7," a daily flagship show featuring live reporting from CBS News and Stations' local-to-global newsrooms, brings viewers a dynamic and immersive news experience.
Alec Baldwin's attorneys say the involuntary manslaughter charge against him for the "Rust" shooting that killed Halyna Hutchins should be dismissed.
If you're a car enthusiast, the M1 Concourse in Pontiac is gearing up for a jam-packed season.
In 1999, a series about a New Jersey crime family premiered on HBO; it would change television. Series creator David Chase, and stars Edie Falco, Steven Van Zandt, Michael Imperioli and Steve Schirripa, discuss the personal and cultural impact of "The Sopranos."
Polls show Americans' trust in the Supreme Court has never been lower, especially in light of ethical lapses that lead observers to question the impartiality of the justices.
Hurricane warnings are already in effect in Barbados, St. Lucia, Grenada, St. Vincent and the Grenadines and Tobago.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
The Supreme Court overruled a 40-year-old decision that said federal courts should defer to agencies in certain cases. Here's what it means.
CDK outage forecast to slow auto sales by 7.2% in June, pushing demand into July.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
A Rochester mother is concerned about her 16-year-old son's allergy medication after she says it arrived at their home without the equipment to keep it at a certain temperature.
A Michigan Court of Claims judge has granted a preliminary injunction blocking abortion regulations including the 24-hour waiting period, "informed consent" and a ban on advanced practice clinicians providing abortion care.
Medicina Scarlett in Southwest Detroit is now offering its services in English and Spanish to bridge a gap in health care.
Brandsegg-Nygard is the first Norwegian player selected in the first round of the NHL Draft.
Akshay Bhatia shot a 5-under 67 that included a free drop after his golf ball fell into a fairway drain at Detroit Golf Club.
Detroit City FC heads back on the road this Saturday, traveling down to South Beach to face off against Miami FC.
The lawsuit against the NFL covered 2.4 million residential subscribers and 48,000 businesses who paid for the "Sunday Ticket" package of out-of-market games.
The Detroit Pistons have taken forward Bobi Klintman on Thursday in the 2024 NBA Draft after trading with the Minnesota Timberwolves.
U.S. Energy Secretary Jennifer Granholm and U.S. Transportation Secretary Pete Buttigieg appear on CBS Detroit's Michigan Matters this Sunday.
The University of Michigan's Ross School of Business is celebrating its 100th anniversary this year.
The three top elected county leaders essentially run the Metro Detroit region.
U.S. Rep. Shri Thanedar appears on CBS Detroit's Michigan Matters and talks about the mental health crisis impacting the nation, the fallout of the war in Gaza and his re-election campaign.
Lisa Ford appears on CBS Detroit's Michigan Matters and talks about Michigan Central Station, which her husband, Bill Ford, Executive Chair of Ford Motor Co., decided to bring back to life in 2018.
We'll see below-average temperatures, breezy conditions, and partly cloudy skies today.
The Dearborn Heights City Council approved the budget for the upcoming fiscal year, avoiding a citywide shutdown on July 1.
This year marks the sixth year that the Detroit Golf Club hosted the Rocket Mortgage Classic, but the history of the course goes back much further than that.
Golfer Nick Bienz, who went viral for qualifying for the Rocket Mortgage Classic after drinking three beers, joined CBS News Detroit to talk about competing in the tournament.
The community said its final goodbyes to fallen Oakland County Sheriff Deputy Brad Reckling at Apostolic Church in Auburn Hills, where his visitation and funeral took place on Friday.