Dow tumbles almost 800 points amid concerns about surging oil prices
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
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Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
President Trump touted his work during his first year back in office, saying, "inflation is plummeting, incomes are rising fast, the roaring economy is roaring like never before."
Experts say the Ambassador Bridge can't keep up with demand for trade, jobs and tourism between Detroit and Windsor anymore.
The latest partial government shutdown is disrupting the release of closely watched economic data.
The value of homes in Detroit rose for the 11th year in a row, Mayor Mary Sheffield said on Friday.
Dow's announcement comes after several other large corporations, from Amazon to UPS, said they plan to cut jobs.
Michigan State University is making a major push to build students' digital skills, especially in artificial intelligence.
President Trump returned to Southeast Michigan on Tuesday, where he toured a Ford factory in Dearborn and delivered a speech at the Detroit Economic Club.
President Trump defended his tariffs at a speech in Michigan, after he visited a factory in Dearborn.
From stubbornly high living costs to a softer labor market, economists say these are the forces that will shape the year ahead.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
Economic growth blew past forecasts in the third quarter despite ongoing concerns about jobs, tariffs and inflation.
Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices.
While the rise of online shopping changed the way people go about stocking up on holiday gifts, some people are still doing it the old-fashioned way.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
The September jobs report, which was delayed due to the government shutdown, comes amid a slowdown in hiring across the U.S.
Ford is preparing to open its new world headquarters in Dearborn, some pasta prices could double due to tariffs and other top stories for the evening of Nov. 15, 2025.
Employers have slashed nearly 1.1 million jobs through October this year, up 65% from a year ago, new labor data shows.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio.
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
Economic sentiment dipped for the third month in a row, according to a closely watched gauge on consumer confidence.
With open enrollment starting soon, employees could get sticker shock, with their costs expected to rise 6% to 7% for 2026, a new study says.
At least four people have died, and several others were injured after multiple tornadoes ripped through Southwest Michigan on Friday, authorities say.
If passed by the voters, the proposal would create a new voter ID requirement and voter roll verification.
In a show of solidarity, organizers of the Save Our Children March in Detroit are gearing up for a protest to help victims of human trafficking this weekend.
Windsor Mayor Drew Dilkens announced on Thursday that he's seeking approval from the provincial government to place a temporary toll using Huron Church Road, which connects the bridge on the Canadian side.
Michigan's outdoor recreation economy keeps growing, but not as fast as most other states.
At least two tornadoes were reported in Southwest Michigan on Friday amid severe weather, according to CBS Detroit's Chief Meteorologist Ahmad Bajjey.
Former University of Michigan coach Sherrone Moore has pleaded no contest to a pair of misdemeanor charges.
The National Weather Service has issued a marginal risk (Level 1 of 5) for severe weather across southeast Michigan for Friday night.
Windsor Mayor Drew Dilkens announced on Thursday that he's seeking approval from the provincial government to place a temporary toll using Huron Church Road, which connects the bridge on the Canadian side.
If passed by the voters, the proposal would create a new voter ID requirement and voter roll verification.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
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.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.
Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
The time change known as daylight savings is set to start for 2026, meaning most Americans will lose an hour of sleep when they "spring forward" on Sunday, March 8.
Victor Wembanyama had 38 points, 16 rebounds and five blocks and the San Antonio Spurs never trailed in completing a sweep of Detroit, beating the Pistons 121-106 on Thursday night.
One lawyer says she was shocked when she was asked to remove her bra while trying to enter the North Lake Processing Center in Baldwin, Michigan.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Former University of Michigan coach Sherrone Moore has pleaded no contest to a pair of misdemeanor charges.
Detroit Lions offensive tackle Taylor Decker says he has requested a release from the team.
Victor Wembanyama had 38 points, 16 rebounds and five blocks and the San Antonio Spurs never trailed in completing a sweep of Detroit, beating the Pistons 121-106 on Thursday night.
A woman who worked for former University of Michigan head football coach Sherrone Moore is no longer employed by the school.
NBA Hall of Famer Chauncey Billups and former player Damon Jones are among 31 people charged in the federal case. They have pleaded not guilty.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
At least four people have died, and several others were injured after a tornado ripped through Southwest Michigan on Friday, authorities say.
Catholics and other Christian denominations around the world are observing Lent. With that comes the Friday Fish Fry until Easter weekend. This week, we checked in with St. Isaac Jogues in St. Clair Shores, Michigan.
Video from Lindsey Whitaker captures a tornado ripping a roof off a Menards store in Three Rivers, Michigan.
In a show of solidarity, organizers of the Save Our Children March in Detroit are gearing up for a protest to help victims of human trafficking.
Catholics and other Christian denominations around the world are observing Lent. With that comes the Friday Fish Fry until Easter weekend. This week, we checked in with St. Isaac Jogues in St. Clair Shores, Michigan. CBS News Detroit gives you a behind-the-scenes look at how the Men's Club prepares.