Economy grew at 2.8% pace last quarter, powered by consumer spending
Consumer confidence soared in October, signaling that Americans may continue to open their wallets.
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Consumer confidence soared in October, signaling that Americans may continue to open their wallets.
With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.
Treasury chief Janet Yellen is warning that tariffs planned by former President Donald Trump will reignite inflation.
The number of Americans moving to high-risk areas from low- and moderate-risk areas has doubled after the pandemic.
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.
Kamala Harris and Donald Trump are trying to get the upper hand with working-class voters in the closing weeks of the presidential campaign.
Michigan's current minimum wage will rise 20% by the end of February thanks to a recent state Supreme Court decision.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The latest labor market data comes less than two weeks ahead of the Federal Reserve's decision on whether to cut interest rates.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
The Canadian government has ordered the country's two major freight railroads to enter binding arbitration.
Stellantis is warning that it could lay off as many as 2,450 of the 3,700 union workers employed at a truck plant just outside of Detroit.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Economic issues hit Sesame Street, as Cookie Monster takes to social media to complain his favorite food is getting smaller.
Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company's CEO said the auto industry is in the middle of a significant storm.
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Support for organized labor is at a high not seen since the 1960s, with 71% of Americans saying they approve of unions, according to Gallup.
Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough saved.
Gov. Gretchen Whitmer will spend two days in Washington D.C. to pitch the state for federal resources, including additional investment in "economic and workforce development, innovation and cross-border cooperation."
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
The 2024 NFL Draft in downtown Detroit concluded on Saturday, and city officials anticipate the economic impact to be significant.
The father of 22-year-old Haja Cedano, from Kentucky, is speaking out after his daughter was killed in a shooting at a funeral repast in Detroit last week.
Matthew Tkachuk had his sixth career hat trick and the Florida Panthers beat the Detroit Red Wings 3-1 on Friday night to snap a four-game losing streak.
At least four people have died, and several others were injured after multiple tornadoes ripped through Southwest Michigan on Friday, authorities say.
If passed by the voters, the proposal would create a new voter ID requirement and voter roll verification.
In a show of solidarity, organizers of the Save Our Children March in Detroit are gearing up for a protest to help victims of human trafficking this weekend.
At least two tornadoes were reported in Southwest Michigan on Friday amid severe weather, according to CBS Detroit's Chief Meteorologist Ahmad Bajjey.
Former University of Michigan coach Sherrone Moore has pleaded no contest to a pair of misdemeanor charges.
The National Weather Service has issued a marginal risk (Level 1 of 5) for severe weather across southeast Michigan for Friday night.
Windsor Mayor Drew Dilkens announced on Thursday that he's seeking approval from the provincial government to place a temporary toll using Huron Church Road, which connects the bridge on the Canadian side.
The father of 22-year-old Haja Cedano, from Kentucky, is speaking out after his daughter was killed in a shooting at a funeral repast in Detroit last week.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Matthew Tkachuk had his sixth career hat trick and the Florida Panthers beat the Detroit Red Wings 3-1 on Friday night to snap a four-game losing streak.
Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.
Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
The time change known as daylight savings is set to start for 2026, meaning most Americans will lose an hour of sleep when they "spring forward" on Sunday, March 8.
Victor Wembanyama had 38 points, 16 rebounds and five blocks and the San Antonio Spurs never trailed in completing a sweep of Detroit, beating the Pistons 121-106 on Thursday night.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Matthew Tkachuk had his sixth career hat trick and the Florida Panthers beat the Detroit Red Wings 3-1 on Friday night to snap a four-game losing streak.
Former University of Michigan coach Sherrone Moore has pleaded no contest to a pair of misdemeanor charges.
Detroit Lions offensive tackle Taylor Decker says he has requested a release from the team.
Victor Wembanyama had 38 points, 16 rebounds and five blocks and the San Antonio Spurs never trailed in completing a sweep of Detroit, beating the Pistons 121-106 on Thursday night.
A woman who worked for former University of Michigan head football coach Sherrone Moore is no longer employed by the school.
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.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
The Detroit Red Wings were relatively active ahead of the trade deadline on Friday. The Wings made three trades this week, including bringing in a top veteran name to help support the defense.
Three former presidents were among the dignitaries in Chicago on Friday, celebrating the life of the late Rev. Jesse Jackson.
Catholics and other Christian denominations around the world are observing Lent. With that comes the Friday Fish Fry until Easter weekend. This week, we checked in with St. Isaac Jogues in St. Clair Shores, Michigan. CBS News Detroit gives you a behind-the-scenes look at how the Men's Club prepares.
The father of one of the victims who was killed at a Detroit funeral repast last week is speaking. The victim, a 22-year-old woman, was originally from Kentucky and was in the Detroit for the funeral.
At least four people have died, and several others were injured after multiple tornadoes ripped through Southwest Michigan on Friday, authorities say.