Dow tumbles almost 800 points amid concerns about surging oil prices
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
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Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
President Trump touted his work during his first year back in office, saying, "inflation is plummeting, incomes are rising fast, the roaring economy is roaring like never before."
Experts say the Ambassador Bridge can't keep up with demand for trade, jobs and tourism between Detroit and Windsor anymore.
The latest partial government shutdown is disrupting the release of closely watched economic data.
The value of homes in Detroit rose for the 11th year in a row, Mayor Mary Sheffield said on Friday.
Dow's announcement comes after several other large corporations, from Amazon to UPS, said they plan to cut jobs.
Michigan State University is making a major push to build students' digital skills, especially in artificial intelligence.
President Trump returned to Southeast Michigan on Tuesday, where he toured a Ford factory in Dearborn and delivered a speech at the Detroit Economic Club.
President Trump defended his tariffs at a speech in Michigan, after he visited a factory in Dearborn.
From stubbornly high living costs to a softer labor market, economists say these are the forces that will shape the year ahead.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
Economic growth blew past forecasts in the third quarter despite ongoing concerns about jobs, tariffs and inflation.
Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices.
While the rise of online shopping changed the way people go about stocking up on holiday gifts, some people are still doing it the old-fashioned way.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
The September jobs report, which was delayed due to the government shutdown, comes amid a slowdown in hiring across the U.S.
Ford is preparing to open its new world headquarters in Dearborn, some pasta prices could double due to tariffs and other top stories for the evening of Nov. 15, 2025.
Employers have slashed nearly 1.1 million jobs through October this year, up 65% from a year ago, new labor data shows.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio.
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
Economic sentiment dipped for the third month in a row, according to a closely watched gauge on consumer confidence.
With open enrollment starting soon, employees could get sticker shock, with their costs expected to rise 6% to 7% for 2026, a new study says.
On Thursday, Detroit Mayor Mary Sheffield signed an executive order to improve lighting across thousands of residential city blocks.
The Detroit Lions have sold out their season tickets ahead of the 2026 season, the team announced on Friday.
Michigan towns hand out huge property tax breaks to companies for pollution control, but many of those sites still break air quality rules.
A Macomb County man is accused of fatally shooting his girlfriend in her home while three of her children were in the home.
A Michigan couple has been charged with open murder in the 2024 death of their 18-month-old son, Michigan State Police said.
While the legislation passed both the Michigan House and Senate, it was never formally sent to the governor, leaving it stalled in legal limbo.
A Macomb County man is accused of fatally shooting his girlfriend in her home while three of her children were in the home.
Police in Clawson, Michigan, say they are working to identify someone who has knocked on the doors of multiple homes in one neighborhood after some claimed that the person appeared to be impersonating a DTE worker.
Police allege that the suspects entered the two stores on March 12 and stole multiple items, threatening to shoot an employee at one of the stores.
The Bloomfield Township Police Department says officers and the Oakland County SWAT responded to the area of Quarton Road between Franklin and Middlebelt.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
A $4.3 billion investment is going toward a battery cell manufacturing plant in Lansing, Michigan, to provide Tesla with prismatic battery cells.
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.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
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.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
The Trump administration argued that Harvard unlawfully discriminated against Jewish and Israeli students, in violation of federal civil rights law.
Alex DeBrincat scored the go-ahead goal with 3:25 remaining and assisted on Detroit's two other goals, lifting the Red Wings to a 3-1 victory over the Montreal Canadiens.
Morez Johnson Jr. had 21 points and 10 rebounds on a perfect shooting night, and No. 1 seed Michigan rode a second-half surge to a 101-81 victory over 16th-seeded Howard in the first round of the NCAA Tournament.
Jalen Duren had 24 points and 11 rebounds and the Detroit Pistons never trailed in a 117-95 victory over the Washington Wizards, their first game since All-Star guard Cade Cunningham was ruled out for at least two weeks with a collapsed left lung.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
Legislation is pending in Lansing that is intended to prohibit the sale or distribution of a substance called kratom.
A new report says Michigan should invest in primary care doctors to ease a severe shortage of physicians that has led to long wait times, higher costs and missed care.
The vote from 10,000 nurses at nine hospitals and campuses received 90% approval for authorization
China Reynolds' son, Auggie, could be waiting for the next 6 to 12 months in the hospital until a new heart is available.
The Detroit Lions have sold out their season tickets ahead of the 2026 season, the team announced on Friday.
Michigan is hosting the women's NCAA Tournament for the second time, and is hoping home court is an advantage again.
Alex DeBrincat scored the go-ahead goal with 3:25 remaining and assisted on Detroit's two other goals, lifting the Red Wings to a 3-1 victory over the Montreal Canadiens.
Morez Johnson Jr. had 21 points and 10 rebounds on a perfect shooting night, and No. 1 seed Michigan rode a second-half surge to a 101-81 victory over 16th-seeded Howard in the first round of the NCAA Tournament.
Jalen Duren had 24 points and 11 rebounds and the Detroit Pistons never trailed in a 117-95 victory over the Washington Wizards, their first game since All-Star guard Cade Cunningham was ruled out for at least two weeks with a collapsed left lung.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
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.
Mayor Mary Sheffield is keeping to her commitment to invest in Detroit neighborhoods. On Thursday, she signed an executive order to improve lighting across thousands of residential city blocks.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
It's been nearly a month since Gov. Gretchen Whitmer praised first responders during her State of the State address, but at least one Michigan corrections officer says prison staff were left out despite ongoing concerns about dangerous staffing shortages.
Rudy's Prime Steakhouse in Clarkston was named HOUR Detroit's 2026 Restaurant of the Year.
CBS News Detroit is celebrating Foodie Friday with My Big Fat Shawarma, which has locations in Detroit, Warren and West Bloomfield.