Stocks tumble on worries of company profits, higher rates squeeze
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
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Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
The Conference Board's consumer confidence index — a closely watched metric gauging attitudes about the current and future strength of the economy — measured 107.1 in January, according to data released Tuesday by the business think tank.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
Should Fed's rate hikes cause a recession, a jump in layoffs and unemployment claims would be an early sign.
Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
Heading into the all-important holiday shopping season, American consumers still aren't feeling very confident about the state of the US economy.
Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn't happen.
Inflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
Fresh from Tuesday's primary where the stage for November's election is now set, top leaders of the state's Democratic and Republican Parties appear on CBS 62's "Michigan Matters" to talk about the road ahead and some heated races coming up in November.
Gov. Gretchen Whitmer talked about her plans to fix the state's ailing roads, the pandemic and politics on "Michigan Matters" airing 8am Sunday on CBS 62.
The funds will be spent on helping families with quality childcare and children's savings accounts.
As the pandemic winds down, an offshoot has been a growing jobs gap particularly in the skilled trades, which is why CBS 62's "Michigan Matters" is taking a look this Sunday at 7:30 a.m. at one unique program to train more tree trimmers.
Gov. Gretchen Whitmer discusses the dizzying issues that arose this year including the pandemic, economic fallout, and a heated election on CBS 62's "Michigan Matters."
Florida set a single-day record for new COVID-19 cases in early July, passing 15,000 and rivaling New York's worst day.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
The stock market had a miserable 2018, but some companies bucked the trend to post an exceptionally good year.
The Department of Education said Thursday that it would wipe away student debt for 15,000 borrowers, implementing an Obama-era rule that Secretary Betsy DeVos has fought to block for more than a year.
As the value of Bitcoin continues to drop, Ohio becomes the first US state to accept the cryptocurrency in paying taxes.
The U.S. Department of Housing and Urban Development has awarded more than $3.2 million in grants to help people in Michigan find housing, make better informed choices about housing and keep their homes.
For the second year in a row, US seniors will see increases in their Social Security checks starting in January.
Lakeview High School parent Andy Amsdill first went to the school with concerns about the syllabus for his daughter's ninth-grade gym class, which required female students to disclose the length of their menstrual cycles to make up swim days.
According to the Oakland County Sheriff's Office, authorities recovered a .177-caliber revolver-style BB gun in the student's backpack.
Data show that attendance during the 2025-2026 school year increased by 0.2 percentage points to 91.5%.
With heavy rain in the forecast on Saturday night, the White Sox have moved up their game against the Detroit Tigers.
The Detroit Board of Police Commissioners voted Thursday to express confidence in Chief Todd Bettison.
Lakeview High School parent Andy Amsdill first went to the school with concerns about the syllabus for his daughter's ninth-grade gym class.
The Michigan Supreme Court issued the order Thursday in People v. Ethan Robert Crumbley, the Oxford High School shooter serving life without parole for the 2021 attack that killed four students.
Temple Israel, a Detroit-area synagogue, has spent the last six months rebuilding after a terror attack destroyed parts of the building.
Michigan's gas and diesel prices have risen noticeably every day this week, with gas prices inching closer to $5 a gallon and diesel prices continuing to set records, AAA says.
According to the Oakland County Sheriff's Office, authorities recovered a .177-caliber revolver-style BB gun in the student's backpack.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The spike in prices has also sparked differing opinions among drivers about who's to blame.
A Ford contract employee was taken to a hospital following an incident on Monday morning at the Michigan Assembly Plant in Wayne, Michigan.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
If you're looking for sunshine in Metro Detroit, Friday is the day to seek it out.
Stevie Wonder's shows at the Fox Theatre sold out, with some tickets listed for thousands of dollars. That's raising questions about what Michigan's "Taylor Swift" ticket law actually protects fans from.
The list of 50 restaurants is made from a team of 16 scouters who travel the country and try food at all kinds of places, according to the NYT.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Dearborn Mayor Abdullah Hammoud told rapper Macklemore he's "always welcome in Dearborn" after venues on Ed Sheeran's stadium tour refused to include him.
The Michigan Supreme Court issued the order Thursday in People v. Ethan Robert Crumbley, the Oxford High School shooter serving life without parole for the 2021 attack that killed four students.
Democratic Sen. Elissa Slotkin urged President Trump to make this issue a "centerpiece of your talks with President Xi."
Temple Israel, a Detroit-area synagogue, has spent the last six months rebuilding after a terror attack destroyed parts of the building.
The Pentagon on Friday released a new group of files about unidentified anomalous phenomena, or UAP or UFOs, including a batch of documents regarding a mysterious military program studying aerospace threats.
Josh Allen and the Bills put on a show in a 41-31 win over the Detroit Lions in the first regular-season game at Highmark Stadium.
Thursday marks one year since Michigan Medicine ended gender-affirming care for young patients
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
The school immunization waiver rate climbed to 7.1% last year from 6.2% in 2024, the fifth straight year of decline and the highest exemption rate since 2010. Michigan is now outpacing the national average.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
A new four-legged team member is already making an impact on students at Polk Elementary School in Dearborn Heights.
With heavy rain in the forecast on Saturday night, the White Sox have moved up their game against the Detroit Tigers.
Josh Allen and the Bills put on a show in a 41-31 win over the Detroit Lions in the first regular-season game at Highmark Stadium.
Munetaka Murakami hit his team-leading 32nd home run as the Chicago White Sox tied with Cleveland for first place in the AL Central with a 3-1 win over the Detroit Tigers.
There are several ways fans can watch and stream Thursday's game.
An NCAA football committee says that while it cannot overturn Western Michigan's loss to Michigan earlier this month, it acknowledges the game would have had a different outcome if replay protocols were followed.
At the top of the list is the open U.S. Senate contest between Democrat Abdul El-Sayed and Republican Mike Rogers.
The Detroit Regional Partnership, which has been around for six years, has been a significant catalyst, helping bring numerous jobs and companies to the region.
The roundtable talks politics, civility and issues that will resonate this fall in various elections.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
Metro Detroit native Paul Whelan is thanking Congresswoman Haley Stevens for introducing a bill to help Americans wrongfully detained abroad. Whelan spent more than five years in a Russian prison after being accused of espionage.
President Trump says he is banning CNN, Politico and MS Now (formerly MSNBC) from the White House, saying their reporting is what he calls "fake news."
A 17-year-old Pontiac girl was taken into custody on Friday after the authorities said she brought a loaded BB gun to Lake Orion High School.
Lakeview High School parent Andy Amsdill first went to the school with concerns about the syllabus for his daughter's ninth-grade gym class.
Rain moves in for the weekend. NEXT Weather Meteorologist Karen Carter explains when we'll see the heaviest rain showers.