Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
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Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
Bargain hunters are busy amid seasonal discounts and "going out of business" sales by at least two retailing chains.
Pope Francis has told Vatican bureaucrats to stop speaking ill of one another, calling gossip "an evil that destroys social life."
U.S. stocks are stabilizing following one of their worst days of the year.
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
A growing number of unemployed workers have been searching for a new job for more than 15 weeks, labor data shows.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
President-elect Donald Trump's vow to raise tariffs could have Americans paying more for goods, from toys to auto parts, experts say.
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.
The Department of Justice filed a lawsuit against Kentucky, Michigan, Minnesota and Pennsylvania, accusing the states of refusing to provide the U.S. Department of Agriculture with data on Supplemental Nutrition Assistance Program applicants.
A framework, but few details on the state budget, is something that Michigan lawmakers say they have figured out with less than 72 hours until the budget deadline.
The legislation follows the university's recently agreed-upon purchase of Concordia University on the east side of Ann Arbor.
Inside the company's archives, corporate archivist Virginia Angles preserves more than 120 years of Kellogg history.
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.
Police say they made several attempts to negotiate with the man, but he allegedly raised a handgun toward officers.
A heat wave will hit its peak in Metro Detroit from Tuesday through Thursday, the National Weather Service says.
The Detroit Police Department is seeking a man who they say fled a motorcycle crash, leaving his injured 2-year-old daughter at the scene.
An air quality alert was issued for Monday in Metro Detroit, with elevated levels of ozone as the underlying cause.
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.
The Department of Justice filed a lawsuit against Kentucky, Michigan, Minnesota and Pennsylvania, accusing the states of refusing to provide the U.S. Department of Agriculture with data on Supplemental Nutrition Assistance Program applicants.
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.
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.
Extreme heat will ramp up starting Tuesday, with heat indices topping 105 through Thursday.
Former Detroit Lions cornerback Terrion Arnold was given a $1 million bond in Hillsborough County, Florida, on Monday, where he faces multiple felony charges related to an alleged robbery and kidnapping incident. Arnold, 23, is charged with four counts of kidnapping and four counts of armed robbery. He made his first appearance in the Florida courtroom on June 25.
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.
Michigan lawmakers say they have figured out a framework for the state budget with less than 72 hours until the July 1 deadline.
The Detroit Police Department is seeking the whereabouts of a man they say fled a motorcycle crash, leaving his injured 2-year-old daughter behind at the scene.