Stocks slump Monday after Trump threatens new tariffs on certain countries
Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.
Watch CBS News
Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.
Wall Street experts break down what's behind the market rebound as S&P 500 and Nasdaq approach record highs.
Stocks tumbled Wednesday amid signs that tariffs are weighing on consumer spending and investor concerns about the U.S. fiscal outlook.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
Stocks soared Thursday morning before leveling out midday, with talks of potential trade deals buoying investor confidence.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
Colorectal cancer is the second leading cause of cancer death in the United States, but it doesn't get the attention or funding that other types do.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn't happen.
Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn.
So what's the latest and greatest in the ever more wonderful, wild and weird world of science and technology? Well, here ya go, my friends, to get you all ready for the weekend...
Perrigo Co. (Nasdaq: PRGO) Thursday announced that it is transferring the listing of its U.S. traded common stock to the New York Stock Exchange from the Nasdaq Global Select Market.
Azure Dynamics Corp., the Oak Park electric and hybrid truck powertrain developer, said it would hold a special meeting of its shareholders Aug. 19 to ask shareholder approval of a consolidation of its shares in order for Azure to pursue a dual listing on a United States stock exchange such as the Nasdaq Global Market.
A real estate investment and development company says "significant capital improvements" are in the works for a ski and golf resort in Antrim County, Michigan, that it has acquired.
A 6-year-old girl is in the hospital after police said she accidentally shot herself with an unsecured gun in Detroit on Sunday morning.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
U.S. Central Command said Sunday that three American service members were killed and five others were seriously wounded as part of the military operation in Iran.
"There's probably a lot of jockeying inside of Iran right now, they have a very consultative, deliberative process to replace the Supreme Leader," Sen. Tom Cotton said Sunday on "Face the Nation with Margaret Brennan."
The U.S. military says three troops have been killed in the war with Iran, as Iranian missiles hit countries and ships across the region. Another strike killed at least eight in Israel.
Law enforcement is seeking answers after a 13-month-old girl was found in an impounded vehicle at a tow yard in Eastpointe, Michigan, on Saturday.
A real estate investment and development company says "significant capital improvements" are in the works for a ski and golf resort in Antrim County, Michigan, that it has acquired.
Parents in Bloomfield Hills are speaking out after an abrupt school board decision was made to close a child care program in the district at the end of the school year.
Fourteen people were hospitalized, including three in critical condition, after the shooting at Buford's, a beer garden in Austin's entertainment district.
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.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
U.S. Central Command said Sunday that three American service members were killed and five others were seriously wounded as part of the military operation in Iran.
Fourteen people were hospitalized, including three in critical condition, after the shooting at Buford's, a beer garden in Austin's entertainment district.
The president said the strikes have put immense pressure on Iran, and he believes the U.S.-Israeli military action can lead to an eventual diplomatic solution.
Members of Congress who represent Michigan are voicing a range of differing responses Saturday after the United States and Israel announced a major military operation against Iran.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
There are a few steps to get an exemption for a required vaccine here in Michigan and a group of Republican lawmakers want to make sure it doesn't get any more difficult in the future.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
What started as food poisoning for a young boy in Clinton Township turned into years of organ failure.
Officials announced eligibility for mothers and babies in the city of Detroit.
The Detroit Red Wings were beaten by the Hurricanes 5-2 on Saturday night in Raleigh, North Carolina. Shayne Gostisbehere had a goal and two assists to lead the Hurricanes to their fifth straight win.
Detroit Tigers right-hander Troy Melton is not expected to be available for the start of the season due to inflammation in his right elbow.
Former University of Michigan football coach Sherrone Moore's name is once again in the spotlight after a woman's attorney claims he failed to act when she alleged sexual misconduct by former staffer LaTroy Lewis.
Comments by golf legend Tiger Woods over the future PGA schedule are raising questions about how the Rocket Classic in Detroit fits in.
No charges have been filed against Arnold, who was a 2024 first-round NFL draft pick.
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.
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.
Metro Detroit is home to one of the largest Middle Eastern communities in the country. Veronica Ortega spoke with a local religious leaders and a community activists about the military operation against Iran.
President Trump said late Saturday afternoon that Supreme Leader Ayatollah Ali Khamenei was killed during military strikes carried out by the U.S. military and Israel. Heath Kalb spoke with Saeed Khan, a Wayne State University professor, about what potentially lies ahead.
Even before the 2026 electricity rate hike takes effect, DTE has started the process of asking State of Michigan officials for rate increases to take effect in 2027.
The Atlanta Falcons on Friday, Feb. 27, dismissed assistant defensive line coach LaTroy Lewis amid a police investigation of alleged sexual misconduct during his time at the University of Michigan.
Two people have died, and two others were injured on Friday, Feb. 27, in a shooting at a funeral repast in Detroit.