David's Bridal goes bankrupt, will lay off more than 9,000 workers
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
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Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Are robot waiters the future?
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
The government said Wednesday that retail sales slipped 0.4% after jumping a revised 3.2% in January, helped by an increase in auto sales.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Amid a growing jobs gap, companies like DTE are teaming up to help the cause. Hear from Jerry Norcia - president/CEO of DTE Energy, Nicole Sherard-Freeman, group executive of City of Detroit's Job and Economy Team, Portia Roberson, CEO of Focus: HOPE, and James Shaw of IBEW Local 17 as they discuss one new program and, the overall jobs picture.
The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said Thursday in a downgrade from its initial estimate.
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
The Conference Board's consumer confidence index — a closely watched metric gauging attitudes about the current and future strength of the economy — measured 107.1 in January, according to data released Tuesday by the business think tank.
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.
A federal courtroom in Michigan was packed on Friday as supporters attended the first appearances of several people charged in a case connected with pro-Palestinian activism at the University of Michigan.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Tanner Bibee won his second straight start and had eight strikeouts as the Cleveland Guardians beat the Detroit Tigers 3-2 to snap a four-game losing streak.
Following claims of toxic mold at the Women's Huron Valley Correctional Facility, the Michigan Department of Corrections says testing did not show "evidence of systemic black or toxic mold conditions."
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
A 25-year-old Livonia man accused of fatally shooting four people, including three family members, made his first court appearance Friday morning.
A six-year-old girl was rescued from the debris of her home in Dearborn after a tree came down due to high winds early Friday.
A federal courtroom in Michigan was packed on Friday as supporters attended the first appearances of several people charged in a case connected with pro-Palestinian activism at the University of Michigan.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Detroit police are investigating after a 16-year-old boy was shot Thursday evening. Police say they are now searching for a person of interest.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
The UAW became known for fighting for higher wages, improved benefits and safer working conditions for workers across the auto industry.
Stellantis unveiled a nearly $70 million five-year strategic plan with the launch of new vehicles — including hybrids and EVs — over the next five years.
From classic cruisers to new memories still being made, the Woodward Dream Cruise remains a celebration of Michigan's automotive culture.
A well-known jazz club in Detroit is hitting a new high note. After going dark in May for renovations, Baker's Keyboard Lounge is reopening to the public.
The United States is co-hosting the World Cup for the first time in more than 30 years, and organizations and businesses in Metro Detroit are making sure sports fans have a place to watch the competition.
The project, called "The Stories of Us," invites communities across the country to reflect on their past, present, and future.
The 29th annual Michigan Lottery Arts, Beats & Eats festival kicks off Labor Day weekend in Royal Oak.
Joe Negri, known to many as Handyman Negri on "Mr. Rogers' Neighborhood," has died at the age of 99, just days shy of his 100th birthday.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Tanner Bibee won his second straight start and had eight strikeouts as the Cleveland Guardians beat the Detroit Tigers 3-2 to snap a four-game losing streak.
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
The Pentagon on Friday released a new group of documents and videos related to UFOs, or UAPs, with 72 more documents, images and recordings.
NASA announced this week the four-man crew that will embark on the Artemis III mission, and one of those astronauts has ties to Michigan.
Following claims of toxic mold at the Women's Huron Valley Correctional Facility, the Michigan Department of Corrections says testing did not show "evidence of systemic black or toxic mold conditions."
The victim may have had a medical emergency before the vehicle went underwater, Grand Blanc Township police said.
New data from Flint's Rx Kids program shows an 18% reduction in preterm births and a 27% drop in low birth weights, and Detroit officials say they expect similar results as enrollment nears 3,000 families.
Feldman Automotive and the Wahlberg family teamed up to launch the outing six years ago, growing it into one of the region's top charity golf events.
Now out of the hospital, Tavaun Clark says he's focused on recovering and getting back to what he loves most, playing football this summer.
The U.S. men's national soccer team made easy work of Paraguay in its World Cup opener Friday, defeating the South American side 4-1 at SoFi Stadium.
Tanner Bibee won his second straight start and had eight strikeouts as the Cleveland Guardians beat the Detroit Tigers 3-2 to snap a four-game losing streak.
Two-time reigning Cy Young Award winner Tarik Skubal will return to Detroit's starting lineup against Cleveland.
Spencer Torkelson hit one of Detroit's six homers and the Tigers rolled to an 11-0 win over the Minnesota Twins.
The U.S. men's national soccer team kicked off its 2026 FIFA World Cup campaign against Paraguay at SoFi Stadium on Friday.
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.
It's the fourth year the Detroit Grand Prix has been on the streets of the Motor City after moving from Belle Isle.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
Crime Stoppers is offering a $2,500 reward for information on a double murder in Detroit.
A federal courtroom in Michigan was packed on Friday as supporters attended the first appearances of several people charged in a case connected with pro-Palestinian activism at the University of Michigan.
Detroit city officials launched a new initiative in an effort to keep teens off the streets and prevent any more teen takeovers.
Two people were arrested after an investigation that led to the seizure of firearm components, including items that are commonly called "ghost guns," the Macomb County (Michigan) Sheriff's Office said.
A hot Saturday will lack any humidity to make it stickier.