Americans spending more for the holidays despite dour economic views
Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices.
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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.
Treasury Secretary Scott Bessent says that the federal government shutdown is slowing the U.S. economy.
A bike shop in Woodhaven, Michigan, says it will be closing after nearly 80 years of serving the Downriver community.
The number of unemployed people looking for work more than six months has surged to its highest level since 2021.
Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering their daily expenses.
Employers have announced nearly 950,000 job cuts through September, the great number of layoffs through September since 2020, an analysis finds.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
Monthly report shows private employers shed 32,000 jobs last month, another sign the labor market is facing new challenges.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The downward revision from the Bureau of Labor Statistics shows the job market was slowing in 2024 and early 2025.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
The latest employment data could inform the Federal Reserve's next rate decision meeting, set for Sept. 17.
Most Americans say prices are going up and expect them to keep going up.
The number of immigrant workers has declined from January through the end of July, preliminary Census data shows.
An investigation into the case of a Michigan man who contracted rabies after an organ transplant provided more details on the infection's origin.
The Senate is set to vote Thursday on competing measures to lower health care costs, but both parties' bills are expected to fail. Follow live updates here.
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
Some of southeast Michigan's school districts have posted closings and delays for Thursday, Dec. 11.
Arrests across the U.S. have dropped by 25% compared to the onset of the pandemic in 2019, an analysis by the Council on Criminal Justice released Tuesday found.
Former University of Michigan football coach Sherrone Moore was detained by police on Wednesday, hours after he was terminated from his position, a source told CBS News Detroit.
Some of southeast Michigan's school districts have posted closings and delays for Thursday, Dec. 11.
It's a new era for the city of Detroit and for Mary Sheffield, who has been elected the city's first woman mayor.
There's another setback for residents of Leland House in Detroit after authorities say winter weather caused a power outage, leading to an emergency evacuation.
The university appointed Biff Poggi as the interim head coach.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
Yanfeng will close its Romulus production facility, located at 9800 Inkster Road.
In Metro Detroit, drivers are paying about $3.06 per gallon, which is 1 cent more than last week but 3 cents less than at the same time a year ago.
Most of the intersections and roundabouts that made the 2024 list are in Southeast Michigan.
Avancez said a change in customer orders will result in layoffs during December at its Hazel Park location.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes have been announced. Here are the nominees.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Senate is set to vote Thursday on competing measures to lower health care costs, but both parties' bills are expected to fail. Follow live updates here.
Health officials say an infant botulism outbreak tied to ByHeart baby formula has been expanded to include all illnesses reported since the company began production in 2022.
Arrests across the U.S. have dropped by 25% compared to the onset of the pandemic in 2019, an analysis by the Council on Criminal Justice released Tuesday found.
Here are the top 20 largest Powerball and Mega Millions jackpots in history, and the odds of winning them.
Rebecca Park of Cedar Creek Township, was 38 weeks pregnant when she was last seen Nov. 3. Her sister, Kimberly S. Park of Haring Township, reported her missing a day later.
An investigation into the case of a Michigan man who contracted rabies after an organ transplant provided more details on the infection's origin.
Many people living with MS are limited from taking nature walks shown to improve mental health, so Hala Darwish is bringing Mother Nature to them.
Legionella bacteria were found through water testing in the building late Thursday after an employee was diagnosed with Legionnaires' disease.
The new guidelines are effective at all DMC locations, including the Children's Hospital of Michigan.
The sheriff's office says closure for Building 38E is effective Friday through the weekend.
Former University of Michigan football coach Sherrone Moore was booked into jail on Wednesday, just hours after he was fired.
The University of Michigan appointed Biff Poggi as interim head coach after Sherrone Moore was terminated.
A.J. Hinch has mastered the art of smiling and sidestepping the one question he keeps hearing at the MLB winter meetings.
John Gibson made 39 saves for his first NHL shutout in nearly three years, and the Detroit Red Wings beat the Vancouver Canucks 4-0.
The parent of a Monroe, Michigan, student-athlete has filed a Title IX complaint over a transgender student from another school competing in a girls' volleyball game and tournament.
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.
Detroit City Council President Mary Sheffield was overwhelmingly elected as mayor.
Overall drier conditions today but with colder temperatures. NEXT Weather Meteorologist Karen Carter tells us if we'll have any relief from the cold temps.
Former vice president and 2024 Democratic presidential candidate Kamala Harris will speak in Detroit Feb. 27 as part of her book tour.
The U.S. has seized a large oil tanker off the coast of Venezuela, officials said Wednesday, escalating tensions between the two countries.
Detroit police say a girl in her late teens was shot and killed, in a man in his 20s was wounded, in the aftermath of a shooting that remains under investigation.
The Detroit Lions head west this weekend to face former Lions quarterback Matthew Stafford and the Los Angeles Rams.