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.
Two Detroit residents face murder charges in connection with a fatal stabbing at a liquor store on Livernois Avenue.
U.S. Rep. Rashida Tlaib of Detroit, a Democrat, has announced her re-election campaign for Michigan's 12th Congressional District.
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
A text message from a family member tipped off a Michigan woman to check her Feb. 21 lottery numbers in case she won a jackpot.
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
Three people are dead and one seriously injured in the aftermath of a two-vehicle crash early Monday on Cass Avenue, police say.
Michigan is again dealing with wild weather and its impact on Monday, even as cleanup continues from recent days.
"Conditions were worse than a whiteout (if that's possible)," Mackinac Island's fire chief said about Sunday's rescue of a snowmobiler.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
Gas prices in Michigan inched up 4 cents in the past week after seeing a 56-cent spike in the previous week, AAA says.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
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.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
The top 16 seeds in the 68-team women's NCAA field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
A second resident of Washtenaw County is suspected to have measles, as health officials continue an investigation about potential cases and exposure sites.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast 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.
The top 16 seeds in the 68-team women's NCAA field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
The Detroit Pistons were topped by the Raptors 119-108 on Sunday. Brandon Ingram had a game-high 34 points for Toronto.
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
The Boilermakers won the Big Ten Tournament for the first time since 2023 and the third time overall.
The U.S. became the first nation to sweep the hockey tournaments at the Olympics and Paralympics.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
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.
Gas prices in Michigan inched up 4 cents in the past week after seeing a 56-cent spike in the previous week, AAA says.
March is National Reading Month, and a Metro Detroit author and educator is sharing his book recommendations.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year, as Rachel Stewart, president and CEO, appears on Michigan Matters to talk about.
U.S. Coast Guard Cutter Mackinaw rescued a snowmobiler stranded on ice near Mackinac Island.
Oil prices remain over $100 a barrel as President Trump's demand that other countries help reopen the Strait of Hormuz — a vital shipping lane Iran has paralyzed for over two weeks despite relentless U.S. and Israeli strikes — draws no immediate offers of assistance.