U.S. consumer sentiment plunges in April as trade war fuels anxiety
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
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Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
Republicans are more likely than Democrats to say they'll watch President Trump's joint address to Congress.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
Americans express concern about their ability to pay bills and save money.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
The White House levied new import duties on its three closest trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
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.
"Shrinkflation" — when companies charge the same for smaller sizes — is a sneaky way to raise prices. Read on to see what kind of products have shrunk the most.
Inflation in September fell to an annual rate of 2.4%, its lowest point since early 2021, as gas and energy costs continued to ease.
Millions of people around the world are mourning the death of Pope Francis, who died on Monday after 12 years as the leader of the roman catholic church. In Detroit, parishioners across the city are remembering his impact.
Ypsilanti Meals on Wheels says it's experiencing uncertain times after changes within the U.S. Department of Health and Human Services shuttered the Administration for Community Living.
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.
Millions of people around the world are mourning the death of Pope Francis, who died on Monday after 12 years as the leader of the roman catholic church. In Detroit, parishioners across the city are remembering his impact.
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.
Ypsilanti Meals on Wheels says it's experiencing uncertain times after changes within the U.S. Department of Health and Human Services shuttered the Administration for Community Living.
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.
Millions of people around the world are mourning the death of Pope Francis, who died on Monday after 12 years as the leader of the roman catholic church. In Detroit, parishioners across the city are remembering his impact.
Ypsilanti Meals on Wheels says it's experiencing uncertain times after changes within the U.S. Department of Health and Human Services shuttered the Administration for Community Living. That federal program accounted for half of the local organization's food budget.
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.