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.
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.
Stocks and cryptocurrency prices set to power higher after Donald Trump wins U.S. presidential election.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
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.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
Abbott said cultural changes, like gay marriage, are also in the mix of things pushing people into a place where they're seeking the old-fashioned security of gold and silver.
The DOW Jones Industrial Index started Monday above 14,000 -- which marks the first time it's passed that threshold since before the 2008 financial crisis.
For the first time since May, 2008, the Dow Jones Industrial Average traded above the psychological milestone of 13,000.
Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession.
Extreme cold weather can lead to damage in home plumbing systems, but there are ways to prevent frozen or burst water pipes.
A West Michigan man died as a result of a traffic crash Wednesday in Kent County, local deputies reported.
For people experiencing homelessness, it is never easy. But with the cold coming later this week, which Southeast Michigan hasn't felt in seven years, the need to help people without consistent shelter is greater.
Experts say keeping your vehicle in good shape can make all the difference.
The Detroit Pistons cruised to a 112-104 win over the New Orleans Pelicans for their fourth straight victory.
Dr. Devon Hoover was found dead in the attic of his home in Detroit's Boston-Edison neighborhood in April 2023.
Dangerous cold air is likely to wrap up this week and kick off the weekend in Southeast Michigan.
Experts say keeping your vehicle in good shape can make all the difference.
A nurse who is already under investigation over reported sexual assaults faces multiple charges in five new cases, Wayne County Prosecutor Kym Worthy said.
Extreme cold weather can lead to damage in home plumbing systems, but there are ways to prevent frozen or burst water pipes.
U.S. Secretary of Transportation Sean Duffy, who stopped at the Detroit Auto Show, claimed that efforts by the administration to reverse the Biden-era electric vehicle policies will make cars more affordable again, including rolling back fuel efficiency standards.
On average, drivers in the state are paying $2.96 per gallon for regular unleaded fuel.
The 2026 Detroit Auto Show opened to the public on Saturday. Some people at the show think the Trump administration is doing a good job of making cars more affordable. Others disagree.
The Detroit Auto Show's Charity Preview is Friday night, and CBS News Detroit is taking you there.
The North American International Auto Show in Detroit once dedicated an entire track on its coveted show floor to getting consumers comfortable with electric vehicles and charging.
The James Beard Foundation has announced its 2026 semifinalist list, which includes chefs and venues from Michigan.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
Milford Independent Cinema has been a staple in its southeast Michigan community for decades.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
The Detroit Pistons cruised to a 112-104 win over the New Orleans Pelicans for their fourth straight victory.
Dylan Larkin scored at 3:07 of overtime as the Detroit Red Wings downed the Toronto Maple Leafs 2-1 on Wednesday night.
A Texas jury acquitted a former Uvalde school police officer who was on trial for allegedly failing to act during the massacre at Robb Elementary School in 2022 that left 19 students and two teachers dead.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
President Trump moved to fire Lisa Cook from the Federal Reserve Board of Governors last August. Courts have so far allowed her to continue serving in her role while litigation continues.
At certain temperatures and especially with wind chill, health experts said it can take minutes for frostbite or hypothermia to set in.
Officials in Oakland County, Michigan, say they will establish a committee in an effort to strengthen long-term water safety after Legionella bacteria were detected at two different area facilities last month.
While the termination of these substance abuse and mental health service funds is now reversed, the 48-hour rollercoaster is creating uncertainty and distrust from organizations relying on those dollars.
The U.S. House of Representatives approved Thursday a three-year extension of subsidies for the Affordable Care Act.
Michigan health officials say only 23% of Michigan residents have received this year's influenza vaccine.
The Detroit Pistons cruised to a 112-104 win over the New Orleans Pelicans for their fourth straight victory.
Dylan Larkin scored at 3:07 of overtime as the Detroit Red Wings downed the Toronto Maple Leafs 2-1 on Wednesday night.
Tobias Harris scored 25 points and Jaylen Brown missed a jumper just before the buzzer, allowing the Detroit Pistons to hold on for a 104-103 win over the Boston Celtics in a matchup of teams with the best records in the Eastern Conference.
With Cooper Schoenberg and Carter Lutz's respective schools, Indiana and Miami, playing on Monday for the College Football Playoff title, it is putting that bond to the test.
The Lions are set to hire Arizona Cardinals' offensive coordinator Drew Petzing as Detroit's next OC, a source told CBS Sports.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
The focus is on health, as Dusty Mysen, a father of four from Oxford, diagnosed with pancreatic cancer several years ago, who underwent aggressive therapy, is now cancer-free five years later.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
Scattered snow showers early this morning with more expected this afternoon and evening. Additional minor accumulations are likely, but generally remain below 1 inch. Mostly cloudy today with temps around 24 and dropping as the cold front passes. A Cold Weather Advisory is in effect from tonight through Saturday morning due to dangerously cold conditions. Wind chills well below zero are expected, reaching a minimum of -15 to -25F Friday morning. Confidence is increasing for accumulating snowfall on Sunday into Monday, with potential for several inches across southeast MI.
For people experiencing homelessness, it is never easy. But with the cold coming later this week, which Southeast Michigan hasn't felt in seven years, the need to help people without consistent shelter is greater.
A man charged in the April 2023 murder of prominent Detroit neurosurgeon Dr. Devon Hoover pleaded guilty Wednesday to second-degree murder.
Bitter cold air arrives starting Thursday as temperatures plummet by Friday.
A jury in Texas reached a verdict in the trial of former Uvalde school police officer Adrian Gonzales accused of failing to act during the 2022 shooting at Robb Elementary School.