Inflation remains sticky, with CPI rising 2.7% from a year ago
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
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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.
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.
The Detroit Police Department is seeking information as to who used gasoline in an attempt to set a fire at Huntington Place.
A Warren man faces a misdemeanor charge after police say he demanded cash to return a missing Alaskan Klee Kai that had run away from its Southeast Michigan family.
The Pistons will host the Cavaliers for Game 1, which is Tuesday, in the second round of NBA playoffs.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Michigan Attorney General Dana Nessel is warning fans about fake tickets, payment app scams, and fake check schemes ahead of the Pistons' second-round playoff run.
The Detroit Police Department is seeking information as to who used gasoline in an attempt to set a fire at Huntington Place.
"The idea that graduations should be apolitical is ridiculous," University of Michigan history professor Derek Peterson said as a follow-up to his graduation day remarks.
A Warren man faces a misdemeanor charge after police say he demanded cash to return a missing Alaskan Klee Kai that had run away from its Southeast Michigan family.
The Pistons will host the Cavaliers for Game 1, which is Tuesday, in the second round of NBA playoffs.
Michigan officials say 2,095 designs for the state's "I Voted" sticker contest were submitted this year, four times the number submitted in the first contest two years ago.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The organization says its executive committee will oversee operations and lead the search for the next leader, under the leadership of DADA president Katie Coleman and Auto Show chairman Lincoln Phillip.
General Motors has announced production investments at its sites in Romulus, Saginaw and Toledo.
Motown may be Detroit's most famous sound, but it's far from the only one.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Restaurants are being considered for the new Michelin Guide American Great Lakes Edition, set to be revealed in 2027.
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Payton Tolle pitched seven innings of two-run ball, Jarren Duran hit a three-run home run and the Boston Red Sox used a five-run seventh inning to beat the Detroit Tigers 5-4.
With all benefits cut when Spirit's last flight landed, former employees say they may need to tap retirement savings just to get by.
Some Spirit Airlines customers with flight tickets could be out of luck after the discount carrier ceased operations.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Fire department leaders say the rescue reflects the kind of instinctive courage firefighters train for, but also something that goes beyond routine duty.
Parents say the incident highlights the importance of education and communication at home, especially when it comes to THC‑infused products.
Six Detroit elementary students were hospitalized on Tuesday after eating suspected marijuana edibles, district officials said.
A proposed Michigan law would mandate health insurance plans to cover in vitro fertilization and intrauterine insemination starting in 2027.
Payton Tolle pitched seven innings of two-run ball, Jarren Duran hit a three-run home run and the Boston Red Sox used a five-run seventh inning to beat the Detroit Tigers 5-4.
The Detroit Pistons have locked in head coach J.B. Bickerstaff after extending his contract on Monday.
Two-time American League Cy Young winner Tarik Skubal will have surgery to remove loose bodies from his elbow after being scratched from Monday's start against the Boston Red Sox.
The Detroit Mercy men's basketball team is facing a postseason ban next season because the program did not meet the benchmark for the NCAA's Academic Progress Rate.
Spencer Torkelson hit a two-run homer and the Detroit Tigers pulled away to a 7-1 victory over the Texas Rangers.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
It's a look at the critical relationship between Canada, Michigan and the U.S. on this week's Michigan Matters.
The roundtable discusses the dramatic impact AI is having in the classroom, at companies and inside homes.
Detroit police are searching for a suspect caught on camera pouring gasoline on a carpeted floor inside Huntington Place and setting fire.
The Macomb County (Michigan) Prosecutor's Office has charged a man with receiving and concealing stolen property after a missing dog was returned to its family.
The Detroit Pistons will host the Cleveland Cavaliers for the next round of NBA playoff action Tuesday night. Nancy Gold from the Pistons marketing department talks about the giveaways and activities that are waiting for fans at Little Caesars Arena.
U.S. Navy destroyers had to fend off a barrage of Iranian missiles, attack drones and small boats as they helped two commercial vessels transit the Strait of Hormuz as part of Project Freedom. CBS News has this report.
A tree fell on a St. Clair Shores home during stormy weather Monday night. The Pistons continue their playoff run Tuesday, hosting the Cavaliers. Those headlines, other top stories and weather are in our news brief.