Federal Reserve Raises Short Term Interest Rates; What That Means For You
Short term interest rates are going up a quarter of a percent.
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Short term interest rates are going up a quarter of a percent.
President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve's board of governors.
U.S. stocks surged Thursday after the Federal Reserve unveiled a long-awaited package of aggressive steps to spur economic growth.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Americans increased their borrowing in December for the second straight month
The Federal Reserve, looking to provide a boost to a modestly growing economy, said Wednesday that it's unlikely to raise interest rates before late 2014.
Policy deciders at the Federal Reserve are expected to announce Wednesday afternoon whether the central bank will make moves to stimulate the economy.
The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought, with increasing risks.
A new e-mail claiming to be from the Federal Reserve is hitting corporate in boxes around the country seeking to infect computers with malware. The Better Business Bureau of Detroit and Eastern Michigan is alerting businesses not to fall for this phishing attack.
The Federal Reserve sizes up the economy in a two-day policy meeting which concludes Wednesday.
Brant Hurter pitched 5 1/3 innings of one-run ball, and the Detroit Tigers beat the Oakland Athletics 2-1.
Authorities said the suspect was at large in what it described as an active shooter situation.
Jonathan Kim converted a 37-yard field goal with one second left to give Michigan State a 27-24 victory over Maryland in the Big Ten opener for both teams on Saturday.
Washington quarterback Will Rogers passed for four touchdowns to beat Eastern Michigan 30-9.
Detroit City FC continues their Push for the Playoffs this Saturday night, traveling to Texas to face off against El Paso Locomotive FC.
Detroit City FC continues their Push for the Playoffs this Saturday night, traveling to Texas to face off against El Paso Locomotive FC.
Authorities said the suspect was believed to be at large.
A West Bloomfield woman has been charged in connection with multiple armed robberies at Oakland County businesses.
Quarterback Davis Warren was 22 of 33 for 204 yards with a touchdown and two interceptions in Saturday's loss to the Longhorns.
Brant Hurter pitched 5 1/3 innings of one-run ball, and the Detroit Tigers beat the Oakland Athletics 2-1.
Andre Franklin is the CEO of Engineered by Dre.
Under the contract, the union can authorize a strike once an issue has gone through the grievance process.
The Biden administration announced that $50 million will go to Michigan, Ohio, Indiana, Kentucky, Tennessee and Illinois to boost electric vehicle production.
The union hosted a call Wednesday, during which members will hear what's at stake in November, the union's key issues, and how they're looking to win against the so-called "billionaire class."
"The Connect" is an autonomous shuttle service with 16 stops to help people get to or near their destination.
Green Day's concert at Comerica Park was briefly paused Wednesday night, and the band was rushed off stage mid-song after a drone was spotted over the venue.
Kylie Jenner said she chose her son's name, Wolf, in haste and instantly regretted it, ultimately changing it to Aire. Regret occurs in other parents, too.
The teen idol who helped ignite the 1960s surfing craze as a handsome beach boy in the "Gidget" movies, James Darren has died at 88.
Joey Chestnut ate a world record 83 hot dogs in 10 minutes on Monday, relishing another victory against rival Takeru Kobayashi.
Walt Disney Co. pulled ESPN, its Disney network and ABC stations from DirecTV's service, a move that came on a busy sports night.
Authorities said the suspect was at large in what it described as an active shooter situation.
Paul Goldsmith was a legendary racer known for his versatility in both two and four-wheel racing.
At 33 years old, "Mr. Greedy," was the oldest penguin at the zoo and lived to see five generations of offspring.
Mega Millions said the jackpot was last won in Illinois on June 4 with a ticket valued at $552 million.
The recall covers certain Ram pickup trucks from the 2019 and 2021 through 2024 model years, mostly in North America.
Nearly 134,000 cases of multiple brands of apple juice are now being recalled because of of potential contamination.
A nationwide listeria outbreak blamed for nine deaths is turning into a potential legal nightmare for food maker Boar's Head.
The way every community reacts to tragedy is different.
Developed at Stanford University, a study found the device helped nearly 80% of pediatric patients avoid anesthesia during treatment.
Deadly listeria outbreak linked to recalled Boar's Head deli meat is the largest in the U.S. in more than a decade.
Washington quarterback Will Rogers passed for four touchdowns to beat Eastern Michigan 30-9.
Detroit City FC continues their Push for the Playoffs this Saturday night, traveling to Texas to face off against El Paso Locomotive FC.
Paul Goldsmith was a legendary racer known for his versatility in both two and four-wheel racing.
The Detroit Lions are preparing for Sunday's 2024 season opener against the Los Angeles Rams. Here's what to know about parking, tailgating and road closures.
There's a lot of excitement brewing as the city of Detroit and Lions fans gear up for a huge season opener at Ford Field.
The two authors also shared advice for others considering writing a book and things they wish they'd known before they started.
Detroit put the world on wheels, and now it is leading the charge to be the Mobility Capitol.
Canada is already Michigan's largest trading partner, worth hundreds of billions each year.
Michigan GOP Party Chair Pete Hoekstra and State Sen. Mallory McMorrow discuss the results of the primary and how the field of candidates still standing and their prospects look as Election 2024 enters the sprint to the finish line on Nov. 5 on CBS Detroit's Michigan Matters
Michigan's primary was held Tuesday, with numerous contests being voted on, including the open U.S. Senate seat, several Michigan U.S. House seats and much more.
A chilly night, then a warmer and breezy Sunday.
A chilly night then a warmer and breezy Sunday.
Car enthusiasts are flocking to Greenfield Village this weekend to check out hundreds of vehicles from the early 1900s.
Downtown Garden city was filled with dozens of different kinds of chili Saturday for the Chili Cook-Off Community Festival.
President Joe Biden visited plumbers and pipefitters at the UA local 190 in Ann Arbor Friday. He ended the visit signing the Good Jobs executive order.