Economic growth remains solid, shrugging off recession fears
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
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U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
The fight over the nation's debt limit could have very real implications on everything from your 401(k) to Social Security.
Should Fed's rate hikes cause a recession, a jump in layoffs and unemployment claims would be an early sign.
Each week brings head-scratching contradictory news about the economy. This past week was no different, with a batch of economic reports showing that — despite the recession talk — the US economy shows remarkable resilience.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
The House vote to impose a contract brokered by the White House but rejected by some workers was 290 to 137.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
Heading into the all-important holiday shopping season, American consumers still aren't feeling very confident about the state of the US economy.
Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn't happen.
Inflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
Fresh from Tuesday's primary where the stage for November's election is now set, top leaders of the state's Democratic and Republican Parties appear on CBS 62's "Michigan Matters" to talk about the road ahead and some heated races coming up in November.
Gov. Gretchen Whitmer talked about her plans to fix the state's ailing roads, the pandemic and politics on "Michigan Matters" airing 8am Sunday on CBS 62.
The funds will be spent on helping families with quality childcare and children's savings accounts.
As the pandemic winds down, an offshoot has been a growing jobs gap particularly in the skilled trades, which is why CBS 62's "Michigan Matters" is taking a look this Sunday at 7:30 a.m. at one unique program to train more tree trimmers.
Gov. Gretchen Whitmer discusses the dizzying issues that arose this year including the pandemic, economic fallout, and a heated election on CBS 62's "Michigan Matters."
Florida set a single-day record for new COVID-19 cases in early July, passing 15,000 and rivaling New York's worst day.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
The stock market had a miserable 2018, but some companies bucked the trend to post an exceptionally good year.
The Department of Education said Thursday that it would wipe away student debt for 15,000 borrowers, implementing an Obama-era rule that Secretary Betsy DeVos has fought to block for more than a year.
As the value of Bitcoin continues to drop, Ohio becomes the first US state to accept the cryptocurrency in paying taxes.
The U.S. Department of Housing and Urban Development has awarded more than $3.2 million in grants to help people in Michigan find housing, make better informed choices about housing and keep their homes.
For the second year in a row, US seniors will see increases in their Social Security checks starting in January.
Student loan debt is down slightly, but remains a crisis for graduates in Michigan and elsewhere who struggle to pay back their loans.
Volkswagen has found a new way to use a 3D printer: To mass produce car parts.
Slotkin said she hopes that this is the end of the investigation, but noted that she is keeping other legal options, like future lawsuits.
Retired Detroit Lions offensive tackle Dan Skipper is returning to the team, but not in uniform. Instead, he'll be on the sidelines as part of the coaching staff, sources told CBS News Detroit.
Stellantis is telling owners of the affected vehicles not to drive them until a potentially dangerous air bag is replaced. See which models are affected.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
Distracted driving has been cited as the cause after two Highland Park patrol cars crashed at an intersection.
The owner of the Ambassador Bridge met with U.S. Secretary of Commerce Howard Lutnick hours before President Trump threatened to block the opening of the Gordie Howe International Bridge, the New York Times reported.
Slotkin said she hopes that this is the end of the investigation, but noted that she is keeping other legal options, like future lawsuits.
Isaiah Stewart of the Detroit Pistons has been suspended for seven games in the aftermath of an altercation that erupted during Monday night's game.
Wednesday was the first Michigan student count day where new rules prohibited financial incentives for students who attend class on the designated days.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
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.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Slotkin said she hopes that this is the end of the investigation, but noted that she is keeping other legal options, like future lawsuits.
Stellantis is telling owners of the affected vehicles not to drive them until a potentially dangerous air bag is replaced. See which models are affected.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
Surprise burst in hiring across the U.S. last month shows the labor market remains on solid ground.
The House is set to vote Wednesday on the SAVE America Act, which would implement strict new requirements for registering to vote and casting ballots.
Officials announced eligibility for mothers and babies in the city of Detroit.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
Legionella testing at Oakland County government facilities has detected the bacteria in the water systems of two additional buildings.
When the temperatures plummet, and the snow starts piling up, most of us have the same instinct: retreat indoors, crank up the heat, and get cozy.
Retired Detroit Lions offensive tackle Dan Skipper is returning to the team, but not in uniform. Instead, he'll be on the sidelines as part of the coaching staff, sources told CBS News Detroit.
Isaiah Stewart of the Detroit Pistons has been suspended for seven games in the aftermath of an altercation that erupted during Monday night's game.
Two days after the confetti fell on Levi's Stadium in Santa Clara, California, one Detroit native is still processing the weekend of a lifetime.
The GameAbove Sports Bowl, which is hosted annually by Ford Field, will be canceled ahead of the 2026 season, the venue announced on Tuesday.
The Detroit Tigers announced Tuesday that they signed Justin Verlander, a 42-year-old free agent, to a one-year, $13 million deal.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
A grand jury in Washington, D.C., declined to indict Michigan Sen. Elissa Slotkin after she appeared in a video urging military service members to resist following illegal orders late last year.
Retired Detroit Lions offensive tackle Dan Skipper is returning to the team, but not in uniform. Instead, he'll be on the sidelines as part of the coaching staff, sources told CBS News Detroit's Rachel Hopymayer.
James Van Der Beek, star of "Dawson's Creek" and "Varsity Blues," has died at age 48, according to his publicist and a post from his wife on social media. Van Der Beek announced in November 2024 that he had been diagnosed with colorectal cancer. His cause of death was not shared.
A Macomb County man has pleaded no contest to charges resulting from a shooting last March in a Michigan hospital's parking garage.
An 11-year-old boy tragically passed away after being hit by a car while crossing the street in Taylor on Tuesday afternoon, according to police.