The Fed's Powell is worried about the job market. Here are 3 red flags.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
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Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
Canadian regulators once again ordered union leaders to end Air Canada's work stoppage on Monday, while employees remain defiant.
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
Michigan's governor met privately with President Trump to urge him to change course on tariffs that are having a big impact on automakers in her state.
The U.S. officially began levying higher tariffs on dozens of countries, just as the economic fallout of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
The advent of AI in the workplace is one factor behind a spike in layoffs this year, new labor data shows.
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
The Trump administration said new tariff rates on most U.S. trading partners will go into effect on Aug. 7. Experts believe the fees will also be felt at home. John Lawrence explains.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
President Trump announced Sunday that the United States and the European Union had reached a trade deal after meetings in Scotland. CBS News’ Weijia Jiang explains.
After you check out your book at the AADL, soon you'll be able to stay and shop at a couple local businesses without having to leave.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.
A jury has awarded more than $500,000 to five men from Guatemala who said they were exploited and underpaid by a labor contractor that brought them to Michigan to work on farms.
U.S. economic growth is likely to "slow markedly" this year and next, due to tariffs and uncertainty under the Trump administration.
Many workers aren't working as much as they'd like. Here's what one expert says the federal unemployment rate fails to capture.
Japanese automaker joins other automakers in pointing to new U.S. tariffs as weighing on their financial results.
A new report by Destination Ann Arbor shows just how valuable those handful of weekends can be in the fall.
President Trump is defending his tariff and economic policies while receiving backlash over an AI-generated photo of himself dressed as the pop.
With dangerously hot temperatures expected in Southeast Michigan this week, doctors at DMC Detroit Receiving Hospital are urging people to take precautions to avoid heat-related illness.
The Detroit Lions announced they have released cornerback Terrion Arnold hours after he appeared in court in connection with a robbery and kidnapping case in Florida.
CBS Miami, Neighbors 4 Neighbors and Global Empowerment Mission are collecting donations to help families affected by the devastating earthquakes in Venezuela.
Detroit Lions cornerback Terrion Arnold was given a $1 million bond in Florida, where he faces multiple felony charges related to an alleged robbery and kidnapping incident.
Southeast Michigan residents who lack access to air conditioning are welcome at designated cooling centers during this week's heat wave.
The Detroit Lions announced they have released cornerback Terrion Arnold hours after he appeared in court in connection with a robbery and kidnapping case in Florida.
Detroit Lions cornerback Terrion Arnold was given a $1 million bond in Florida, where he faces multiple felony charges related to an alleged robbery and kidnapping incident.
A heat wave will hit its peak in Metro Detroit from Tuesday through Thursday, the National Weather Service says.
An air quality alert was issued for Monday in Metro Detroit, with elevated levels of ozone as the underlying cause.
Police say they made several attempts to negotiate with the man, but he allegedly raised a handgun toward officers.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
According to AAA, the average cost of gas statewide sits at $4.07.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
Grammy Award-winning rapper and recording artist Ludacris won't be performing at the National Cherry Festival in Traverse City, Michigan, after initially being billed for the event due to an "unforeseen scheduling conflict," according to organizers.
National Detroit-style Pizza Day is June 23, a date tied to a dish that traces its roots to a Detroit neighborhood bar and a Sicilian family recipe from 1946.
Crews have been preparing all morning, getting everything ready for the show just after 10 p.m.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
Former NBA players Malik Beasley and Ed Davis have been indicted on illegal sports gambling charges, authorities announced Monday.
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
The Supreme Court on Monday ruled that states can count mail ballots that are cast by Election Day but arrive later, rejecting a GOP challenge to a Mississippi law.
A unanimous federal jury found that a preponderance of evidence supported Carroll's claim that Mr. Trump sexually abused her.
With dangerously hot temperatures expected in Southeast Michigan this week, doctors at DMC Detroit Receiving Hospital are urging people to take precautions to avoid heat-related illness.
A Detroit grandmother dedicated to honoring her daughter's memory needs the public's help. After starting a transportation business to support her family, her vehicle is breaking down and she needs a new one to continue the service.
State officials have taken over the investigation into one death and hospitalizations among patients who received dialysis treatment in Southeast Michigan.
Five of the twelve organizations receiving these opioid settlement funded grants are located in Southeast Michigan.
The death of one dialysis patient and hospital treatment for five others are under scrutiny in the Novi area.
The Detroit Lions announced they have released cornerback Terrion Arnold hours after he appeared in court in connection with a robbery and kidnapping case in Florida.
Detroit Lions cornerback Terrion Arnold was given a $1 million bond in Florida, where he faces multiple felony charges related to an alleged robbery and kidnapping incident.
Former NBA players Malik Beasley and Ed Davis have been indicted on illegal sports gambling charges, authorities announced Monday.
The Detroit Tigers were bested by the Astros 7-5 on Sunday at Comerica Park after Houston's Christian Walker hit a three-run homer during a four-run 10th inning for the visitors.
Isaac Paredes hit a two-run double in the eighth inning and the Houston Astros spoiled their former manager's opportunity at a milestone victory by rallying for an 8-6 win over the Detroit Tigers.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
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.
More than a century after W.K. Kellogg transformed breakfast in America, his company’s Michigan roots remain firmly planted in Battle Creek, a city still known around the world as “Cereal City.”
With dangerously hot temperatures expected in Southeast Michigan this week, doctors at DMC Detroit Receiving Hospital are urging people to take precautions to avoid heat-related illness.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters this Sunday to talk about the event coming up July 30-Aug. 2 at Detroit Golf Club, which already has a strong field of top golfers expected.
Dangerously hot temperatures move in for the rest of the week. NEXT Weather Meteorologist Karen Carter tells us how hot it's going to get.
Some popular fast-food and grocery brands are issuing Fourth of July promotions that include red, white and blue treats. Here's a peek at what to look for.