U.S. prices cooled in April, key inflation gauge shows
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
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Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
The high cost of food both at home and in restaurants continues to be a sore spot for millions of U.S. households.
This Valentine's Day, more people may have opted for a romantic meal at home. The new U.S. inflation report shows that food prices across the board are still stubbornly high, but restaurant prices are climbing faster than grocery store prices.
"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.
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.
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
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.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
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.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Inflation across the U.S. continues to fall but remains sticky, with the cost of rent, medicare care and used cars edging up last month.
Barbecue lovers are trying to save an iconic Detroit business in danger of closing for good on Sunday.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
An Adrian, Michigan, man who pleaded no contest to three counts of second-degree criminal sexual conduct, two of which involved a minor, has been sentenced, according to online court records posted Friday.
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.
A judge has ruled that a 20-year-old St. Clair Shores, Michigan, man facing three charges in connection with an alleged plan to attack a school will stand trial, the Macomb County Prosecutor's Office said Friday.
Fire Chief Joseph Murray says they were in contact with the driver and are not aware of any injuries.
A 41-year-old woman is dead after she was hit by a vehicle in Monroe Township on Friday evening, according to the Michigan State Police.
Barbecue lovers are trying to save an iconic Detroit business in danger of closing for good on Sunday.
An Adrian, Michigan, man who pleaded no contest to three counts of second-degree criminal sexual conduct, two of which involved a minor, has been sentenced, according to online court records posted Friday.
Seven guns have been seized by police and an individual was detained after a reported shooting in Inkster, Michigan, on Thursday, according to police.
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.
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.
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.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
Daniss Jenkins scored 18 points in his last game as a two-way player and the Detroit Pistons routed New York 118-80 on Friday night to end the Knicks' winning streak at eight games.
More than 35 local, state and federal agencies have been working for the last 18 months to prepare for Super Bowl LX in Santa Clara, California.
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
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.
Daniss Jenkins scored 18 points in his last game as a two-way player and the Detroit Pistons routed New York 118-80 on Friday night to end the Knicks' winning streak at eight games.
More than 35 local, state and federal agencies have been working for the last 18 months to prepare for Super Bowl LX in Santa Clara, California.
The 2026 Milano Cortina Winter Olympics are underway after the lighting of the Olympic cauldrons and the Parade of Nations at the opening ceremony.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
Will Riley scored 20 points, Sharife Cooper added 18 and the Washington Wizards upset the Eastern Conference-leading Detroit Pistons 126-117 on Thursday night.
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.
Investigators were back at the home of Nancy Guthrie on Friday, nearly a week after she went missing. They were seen taking a closer look at the roof of her house and at a car in Tucson, Arizona. Andres Gutierrez shares details about the ongoing search for the mother of "Today" show co-host Savannah Guthrie.
Parks Old Style Bar-B-Q in Detroit's North End neighborhood is in danger of closing after 60 years of business. Veronica Ortega spoke to people who lined up outside in cold conditions to give patronage to the business.
Hundreds of students stepped into the spotlight at Cass Technical High School on Saturday for the Detroit Public Schools Community District Spelling Bee. Teachers say the competition is about more than just spelling.
More sunshine for Sunday
A parking garage in Dearborn that partially caved in Friday night was still very dangerous almost a day after the incident, according to city officials. Julia Avant spoke with Dearborn Fire Chief Joseph Murray about a motorist who was rescued around two hours after the collapse.