Stocks pare losses as Trump says U.S. will insure ships in the Persian Gulf
U.S. financial markets rebounded after shedding more than 1,200 points in earlier trading on Tuesday.
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U.S. financial markets rebounded after shedding more than 1,200 points in earlier trading on Tuesday.
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.
Two women are accused of assaulting a Pittsfield Township restaurant employee during an altercation that included throwing food and a plate.
Former Warren police officer James Burke, who was charged with manslaughter in a 2024 high-speed crash that killed two men, has been found not guilty of all charges.
Multiple floors of the Pentagon were locked down for several hours Thursday morning and hazmat crews were deployed for what authorities had described as a "hazardous materials incident."
A Farmington Hills man was arrested on second-degree murder in the case of a man found dead in a Farmington Hills city park.
The threat of severe weather continues into Thursday for much of the Great Lakes and Midwest, including in Metro Detroit.
The opening of the Gordie Howe International Bridge over the Detroit River is officially delayed, the bridge authority said Thursday.
A Farmington Hills man was arrested on second-degree murder in the case of a man found dead in a Farmington Hills city park.
Former Warren police officer James Burke, who was charged with manslaughter in a 2024 high-speed crash that killed two men, has been found not guilty of all charges.
The threat of severe weather continues into Thursday for much of the Great Lakes and Midwest, including in Metro Detroit.
Two women are accused of assaulting a Pittsfield Township restaurant employee during an altercation that included throwing food and a plate.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
The UAW became known for fighting for higher wages, improved benefits and safer working conditions for workers across the auto industry.
Stellantis unveiled a nearly $70 million five-year strategic plan with the launch of new vehicles — including hybrids and EVs — over the next five years.
From classic cruisers to new memories still being made, the Woodward Dream Cruise remains a celebration of Michigan's automotive culture.
The 29th annual Michigan Lottery Arts, Beats & Eats festival kicks off Labor Day weekend in Royal Oak.
Joe Negri, known to many as Handyman Negri on "Mr. Rogers' Neighborhood," has died at the age of 99, just days shy of his 100th birthday.
Stephen Colbert, former host of "The Late Show," is helping raise money for the Michigan nonprofit Monroe Community Media after appearing on a broadcast of the organization's community access program "Only in Monroe" earlier this month.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Multiple floors of the Pentagon were locked down for several hours Thursday morning and hazmat crews were deployed for what authorities had described as a "hazardous materials incident."
Many have watched recently released UFO videos, but most still think the government knows more than it is saying.
The U.S. men's national soccer team, which last appeared at the 2022 World Cup, will face Paraguay to kick off its 2026 World Cup.
Byron Buxton hit his 20th home run of the season, Royce Lewis also connected and the Minnesota Twins beat the Detroit Tigers 6-4 on Wednesday night.
After years of construction and decades of planning, the Gordie Howe International Bridge appears to be closer than ever to opening.
New data from Flint's Rx Kids program shows an 18% reduction in preterm births and a 27% drop in low birth weights, and Detroit officials say they expect similar results as enrollment nears 3,000 families.
Feldman Automotive and the Wahlberg family teamed up to launch the outing six years ago, growing it into one of the region's top charity golf events.
Now out of the hospital, Tavaun Clark says he's focused on recovering and getting back to what he loves most, playing football this summer.
According to the U.S. Attorney's Office, the two people are accused of providing federal authorities with false statements after arriving at the McNamara Terminal on Jan. 25, 2026.
West Nile virus has been detected among mosquitoes in two locations near Grand Rapids, the Kent County Health Department said.
The U.S. men's national soccer team, which last appeared at the 2022 World Cup, will face Paraguay to kick off its 2026 World Cup.
Byron Buxton hit his 20th home run of the season, Royce Lewis also connected and the Minnesota Twins beat the Detroit Tigers 6-4 on Wednesday night.
Dillon Dingler had two homers among his four hits and drove in four runs, leading the Detroit Tigers to a 10-4 win over the Minnesota Twins.
2026 will be the final year for the Rocket Classic in Detroit.
Detroit Red Wings captain Dylan Larkin has requested a trade by submitting a three-team list of desired destinations, a person familiar with discussions confirmed to The Associated Press.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
It's the fourth year the Detroit Grand Prix has been on the streets of the Motor City after moving from Belle Isle.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
President Trump said Thursday that the U.S. would launch "very hard" new strikes on Iran within hours and seize vital Iranian oil infrastructure, including Kharg Island. Natalie Brand reports
Toledo's police chief said Tuesday that a dispute between two rival groups appears to have triggered the mass shooting near the Old West End Festival.
Former Warren police officer James Burke, who was charged with manslaughter in a 2024 high-speed crash that killed two men, has been found not guilty of all charges.
The opening of the Gordie Howe International Bridge over the Detroit River is officially delayed, with no date given for allowing traffic to use the new border crossing between the U.S. and Canada.
Hamtramck has fired its city manager. Metro Detroit will face dangerously hot weather on Thursday for the second day in a row. Those headlines and other top stories are in the CBS Detroit news brief.