5 ways Trump's presidency could affect the economy — and your money
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
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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.
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.
From Flint to freshman phenom, John McKenney II says his son is always ready when the lights are brightest.
Aside from the Detroit Tigers' home opener against the St. Louis Cardinals, it's sure to be a Final Four showdown on Saturday, as Michigan takes on Arizona.
Detroit police say the officer was at the Coleman A. Young Municipal Center when the firearm went off.
A Flint, Michigan, man accused of killing a 67-year-old man in 2019 was convicted of murder for a second time after a new trial.
The University of Michigan men's basketball team has made its way to the Final Four on Saturday for the first time since 2018.
Aside from the Detroit Tigers' home opener against the St. Louis Cardinals, it's sure to be a Final Four showdown on Saturday, as Michigan takes on Arizona.
A man walked into the Livonia police station lobby with a knife and threatened to kill everyone before stabbing an officer during a struggle, police say.
A neighbor called Michigan Humane after spotting a puppy in the chimney of an abandoned home with a crumbling foundation, prompting the fire department to step in.
From Flint to freshman phenom, John McKenney II says his son is always ready when the lights are brightest.
Former Detroit Mayor Kwame Kilpatrick accuses federal prosecutors of "bullying" in their attempt to collect money following his 2013 conviction.
Michigan Gov. Gretchen Whitmer has declared an energy emergency in eight Southeast Michigan counties amid rising gas prices across the state.
General Motors has announced that it's making another round of layoffs at its Factory Zero plant in Metro Detroit. The latest round, the second this year, impacts roughly 1,300 workers and is due to a readjustment of operations amid declining electric vehicle demand.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
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 bag, called the "Gold Standard Cassette Tape," features a bold, nostalgic design inspired by classic cassette tapes.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Dillon Dingler homered, Framber Valdez pitched six shutout innings and the Detroit Tigers ended a four-game losing streak with a 4-0 win over the St. Louis Cardinals in their home opener.
Officials from 23 states and the District of Columbia filed a lawsuit seeking to block President Trump's executive order that aims to restrict mail voting.
A neighbor called Michigan Humane after spotting a puppy in the chimney of an abandoned home with a crumbling foundation, prompting the fire department to step in.
The eye drops — sold under multiple brands — have been recalled over concerns about sterility, according to the FDA.
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
Prosecutors allege the dentist billed Medicaid for large numbers of unnecessary dental crown work on patients that was not provided.
According to the Michigan Department of Health and Human Services, there have been eight confirmed measles cases in the state in 2026.
A water services provider and its president are accused of falsifying water safety and discharge tests for private water systems serving mobile home communities in Michigan.
Michigan communities have received millions from a national opioid settlement, but some haven't spent any funds yet.
Paramedics and emergency medical technicians face a harsh reality in Michigan.
From Flint to freshman phenom, John McKenney II says his son is always ready when the lights are brightest.
The University of Michigan men's basketball team has made its way to the Final Four on Saturday for the first time since 2018.
Dillon Dingler homered, Framber Valdez pitched six shutout innings and the Detroit Tigers ended a four-game losing streak with a 4-0 win over the St. Louis Cardinals in their home opener.
The Detroit Tigers open their 2026 home schedule on Friday, April 3, against the St. Louis Cardinals with a three-game series.
Michigan starting point guard Elliot Cadeau has rejoined his teammates for the Final Four and said his allergic reaction that required hospitalization a day earlier was due to an accidental exposure to nuts.
There's a focus on Michigan's defense industry as a national convention comes to Detroit in a few weeks, with over 11,000 people expected at Huntington Place.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
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.
Some of Michigan's biggest fans are heading to Indianapolis to cheer on the Michigan Wolverines in the Final Four this weekend. However, no one will be cheering louder than the athletes' parents. CBS News Detroit spoke with the father of freshman Trey McKenney to learn about what led him to the Wolverines and the Final Four.
Dozens participate in the annual Walk for Hope to take a stand against gun violence.
While many Michigan Wolverine fans traveled to Indianapolis for the Final Four, many stayed in Ann Arbor. Police are now preparing for any planned celebrations in the area.
The Michigan Wolverines are less than 24 hours from competing in the Final Four against Arizona. It is the team's first time in the Final Four since 2018.
Detroit police made their presence Friday night as large crowds gathered around the downtown area. Police say it was in response after dozens of teens flooded the area Monday night.