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Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
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Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
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.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
It's never a great time to carry credit card debt. But right now is arguably the worst time.
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.
Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn.
Experts say Michigan's competitiveness is a combination of diversities: geographically, demographically and population.
So far this year, the people mover has averaged more than 100,000 trips per month.
The committee's Republican chairman subpoenaed U.S. Secret Service Director Kimberly Cheatle as Republicans ramp up efforts to investigate the assassination attempt.
The city of Rochester is left with a major cleanup after this week's heavy rainfall wiped out a significant section of the Clinton River Trail.
President Biden said, "I feel good," after the White House announced he had tested positive for COVID-19 and was experiencing mild symptoms.
Police said a man broke into a home to attack his ex-girlfriend and was shot and killed by the woman's stepson in Orion Township Wednesday morning.
Experts say Michigan's competitiveness is a combination of diversities: geographically, demographically and population.
So far this year, the people mover has averaged more than 100,000 trips per month.
A 36-year-old man died after an equipment malfunction at a Michigan automotive manufacturing facility just days before the facility was scheduled to begin closing, officials said.
The committee's Republican chairman subpoenaed U.S. Secret Service Director Kimberly Cheatle as Republicans ramp up efforts to investigate the assassination attempt.
The Biden administration is awarding $1.7 billion to 11 "shuttered or at-risk" facilities in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia, to bolster electric vehicle production.
Throughout the next year, dozens of new zero-emission buses will be hitting the pavement in the city of Detroit, all thanks to a $30.8 million federal grant.
The company said the temporary layoffs will impact about 1,600 workers for the month of July.
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.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Shannen Doherty had been battling cancer since 2015.
Richard Simmons devoted his life to making people sweat with his "Sweatin' to the Oldies" workout videos.
The committee's Republican chairman subpoenaed U.S. Secret Service Director Kimberly Cheatle as Republicans ramp up efforts to investigate the assassination attempt.
President Biden said, "I feel good," after the White House announced he had tested positive for COVID-19 and was experiencing mild symptoms.
Airline officials say they are aware of a series of incidents where cans have ruptured, resulting in an onboard mess and reports of about 20 injuries to employees so far this summer.
In an interview with BET News, Biden said he'd reevaluate his decision to run "if doctors came to me and said you got this problem."
Rep. Adam Schiff became the highest-profile Democrat to urge the president to step aside.
Rite Aid, which has already closed hundreds of stores, is shutting more locations in Michigan and Ohio.
Trinity Health's virtual nursing program uses teamwork and technology so bedside nurses can focus on what matters most: being there in person for patients.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A 39-year-old Michigan man has filed a lawsuit saying he lost his toes because he received delayed medical care while he was in custody.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
Joe "Jellybean" Bryant, a former Philadelphia 76ers and La Salle University basketball great and the father of the late, NBA legend Kobe Bryant, has died. He was 69.
The Detroit Lions will induct Hall of Fame wide receiver Calvin Johnson into the Pride of the Lions during the 2024 season.
Paris 2024 Summer Games organizers hope Olympic flame's glitzy arrival in the City of Light can help cast off shadow of low local enthusiasm.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Yohan Ramírez had two consecutive errors in the ninth inning, paving the way for the Detroit Tigers to beat the Los Angeles Dodgers 4-3 on Sunday for their second straight comeback win over the NL West leaders.
Gardner-White is a 112-year-old family-owned furniture retailer, and Stewart is the first female to serve as CEO of the company.
It's a focus on our physical well-being as we talk about the importance of oral health and its impact, particularly among children.
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.
Michigan has already seen both President Joe Biden and former President Donald Trump during their 2024 presidential campaigns, and the state will see them again before the voters choose a winner. Campaign experts tell CBS News Detroit that the reason the state sees so much political activity is simple.
Detroit's People Mover will temporarily stop moving people in September for 11 weeks when the Detroit Transit Corporation, the agency that operates the transit system, works to restore multiple areas of worn track, prompting a full system closure.
The city of Rochester is left with a major cleanup after this week's heavy rainfall wiped out a significant section of the Clinton River Trail.
Sunny skies are the primary part of our forecast this week.
Two weeks after Michigan-based Priority Waste purchased a residential trash service from Canadian-based GFL, some customers are still experiencing service delays.