Stock market plummets after Fed forecasts fewer rate cuts in 2025
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
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The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
Trump had warm words about TikTok and its near-term future earlier Monday, as the app faces a U.S. ban that's set to go into effect next month unless its Chinese-owned parent company cuts ties with it.
Tech companies are sending big bucks to President-elect Donald Trump's nonprofit inaugural committee.
ABC News agreed to contribute $15 million to President-elect Donald Trump's presidential foundation and museum to settle the defamation suit filed by Trump.
Aaron Siri, an attorney to Robert F. Kennedy Jr., petitioned the FDA to "withdraw or suspend" its approval of a polio vaccine.
Here's a list of people President-elect Donald Trump has chosen for critical Cabinet posts and top White House jobs.
The short list for Time's 2024 Person of the Year included Donald Trump, Kamala Harris, Kate Middleton, Elon Musk and Benjamin Netanyahu.
The move comes two weeks after Meta CEO Mark Zuckerberg traveled to Florida and dined with President-elect Donald Trump in Mar-a-Lago.
President-elect Donald Trump announced in November that he intended to name Kash Patel to replace Cristopher Wray as FBI director.
"The Task Force found that the tragic and shocking events in Butler, Pennsylvania were preventable and should not have happened," a House task force found.
Michigan Democrats are charting their path forward after significant setbacks in the 2024 election.
Trump said of the Jan. 6 defendants and convicts, "I'm going to be acting very quickly," he told NBC News' "Meet the Press."
President-elect Donald Trump's election victory has cast doubt on the future of U.S. aid for Ukraine.
After the medieval cathedral was severely damaged by fire in 2019, the work of craftsmen and artisans has restored it to glory.
Trump in a statement said the two will work to "dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies."
This comes just two years after Bitcoin's price dropped below $17,000 following the collapse of crypto exchange FTX.
President-elect Donald Trump is considering replacing former Fox News host Pete Hegseth, his embattled pick for defense secretary, with Florida Gov. Ron DeSantis.
Donald Trump's attorneys mentioned Hunter Biden in a filing arguing the New York criminal case against the president-elect should be dismissed.
President-elect Donald Trump promised major changes to the United States immigration system when he campaigned, and now local immigration groups say they're doing everything they can to prepare.
President-elect Donald Trump's six-year New York criminal odyssey might need to continue for at least another four, prosecutors said Tuesday.
President-elect Donald Trump picked Massad Boulos for senior adviser on Middle Eastern affairs. The Lebanese billionaire is his youngest daughter's father-in-law.
Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump's eldest daughter, Ivanka.
To do so, current FBI Director Chris Wray would have to voluntarily vacate the position or be fired by President-elect Trump.
The Justice Department expects to release "several hundred thousand" records from the Epstein files today, a top official said. Follow live updates here.
A Warren man faces 10 felony charges in the aftermath of a shooting and high-speed pursuit Sunday in Macomb County.
Cooper Flagg, who will turn 19 on Sunday, is averaging 25.4 points over his last eight games.
A bell ringer for the Salvation Army was killed in a shooting on Thursday evening inside a Kroger in Westland, Michigan.
The U.S. government has expanded a sweeping pause on legal immigration applications to include those filed by people from an additional 20 countries, a U.S. official told CBS News.
A bell ringer for the Salvation Army was killed in a shooting on Thursday evening at a Kroger in Westland.
A proposed data center in Saline Township, Michigan, is moving forward after DTE Energy received approval to supply power.
You may have heard talk about a flash freeze possible on Friday morning. But what does that mean?
A police officer happened to be in the area when his mother called 911, saying the child was not breathing.
The Justice Department expects to release "several hundred thousand" records from the Epstein files today, a top official said. Follow live updates here.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
A 15-gallon tank of gas will cost Michiganders about $42, which is around $15 less than the highest price drivers paid in July 2024.
Ford Motor Co. has stepped up technology in its popular F-150 pickup to combat ever-evolving techniques car thieves have at their disposal.
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
Known as a popular Hollywood director, Rob Reiner also had a lengthy record of political and civic activism, especially in California.
Nick Reiner, a son of director Rob Reiner and his wife Michele, has been arrested on murder charges following their deaths, police said.
Rob Reiner was the son of a comedy giant who became one himself with movies such as "The Princess Bride," "When Harry Met Sally…" and "This is Spinal Tap."
The Justice Department expects to release "several hundred thousand" records from the Epstein files today, a top official said. Follow live updates here.
The Brown University shooting suspect was found dead in a storage unit in Salem, New Hampshire. Authorities believe he is also responsible for killing an MIT professor.
Two days after the shooting at Brown University in Providence, Rhode Island, MIT professor Nuno Loureiro was shot to death at his home in Brookline, Massachusetts.
Economists had expected CPI to rise at an annual rate of 3% last month.
Clayton Keller had a goal and an assist as the Utah Mammoth pulled away from the Atlantic Division-leading Detroit Red Wings 4-1.
A Michigan hospital is asking members of the public to raise their flashlights as well as the spirits of children during the holiday season.
Oakland County health officials are reporting a confirmed case of measles in a pediatric patient at DMC Huron Valley-Sinai Hospital.
Thanks to the incredible kindness of a stranger, a little girl from Westland has a whole new outlook on life.
For nurse practitioners like Natasha Weems, their concerns lie in how these decisions could impact some of our most vulnerable families.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
Cooper Flagg, who will turn 19 on Sunday, is averaging 25.4 points over his last eight games.
When a Dan Campbell press conference is a reading lesson, it's hard not to pay attention.
Detroit is 0-5-1 against the Steelers in the 21st century, and Pittsburgh even won a Super Bowl at Ford Field against the Seattle Seahawks in 2006.
Clayton Keller had a goal and an assist as the Utah Mammoth pulled away from the Atlantic Division-leading Detroit Red Wings 4-1.
University of Michigan interim President Domenico Grasso says they will be launching an independent evaluation into the athletic department's culture and procedures after the firing of football head coach Sherrone Moore.
The state of Michigan can do better when it comes to raising the bar on K-12 public education.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Hundreds of thousands will line up along Woodward Avenue for America's Thanksgiving Parade in Detroit.
This week's roundtable discusses the economic outlook as the critical fourth quarter of 2025 plays out.
The Jagged Fork has six locations across Metro Detroit. Their staff presented some of the customer favorites that include French toast, pancakes and other items.
The Michigan Good Food Fund, a network for Michigan's food and farm entrepreneurs, features more than 20 recommendations on its 2025 Good Food Holiday Gift Guide.
The Turtleneck and Holiday Sweater Extravaganza has been running for over 20 years in Michigan, but 2025 will be its last edition. Here's a preview to the fundraiser party that takes place Saturday in Royal Oak on behalf of St. Jude Children's Research Hospital.
Gusty winds, cold temperatures and a chance of some snow showers are in store for our Friday, but warmer temps make it into our 7-day forecast. NEXT Weather Meteorologist Karen Carter tell us when we can expect a warm up.
The investigation continues into a shooting at a Westland Kroger store. DTE was granted permission to power a proposed data center in Saline Township. Other top stories and weather.