7-Eleven plans to close 645 stores this year
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
Watch CBS News
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
Economists had expected CPI to rise at an annual rate of 3% last month.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
Prices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
The Boston Red Sox beat Detroit 1-0 on Friday night, snapping the Tigers' six-game winning streak.
Michigan Gov. Gretchen Whitmer on Friday expanded her state of emergency to include the cities of Ann Arbor and Kalamazoo as well as five counties following this week's storms.
Along the Sturgeon River near Indian River, Michigan, homes are damaged, and families are just now getting back inside.
Crews will be knocking door to door, assessing the damage in hopes of getting the state and federal emergency declarations for Ann Arbor, which could help residents pay for repairs.
Families left their homes, with many forced to stay in motels or with friends. On Friday, many returned home for the first time.
A suspect was shot by Michigan State Police troopers on Friday during a police chase that ended in a crash, killing an innocent bystander in Inkster.
Michigan Gov. Gretchen Whitmer on Friday expanded her state of emergency to include the cities of Ann Arbor and Kalamazoo as well as five counties following this week's storms.
Water levels are dropping at the Cheboygan Lock and Dam Complex along the Cheboygan River as a hydro dam is now online.
Along the Sturgeon River near Indian River, Michigan, homes are damaged, and families are just now getting back inside.
Behind this system, a noticeable cooldown will settle in across Michigan through the weekend, with temperatures dropping well below recent highs.
At a gas station in Detroit, owner Mohamad Mallah, known to customers as Big Moe, decided to give back in a big way.
On average, drivers in the state are paying $3.87 per gallon for regular unleaded fuel.
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.
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.
President Trump spoke with CBS News Friday in a new telephone interview.
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
The Ford station wagon thought to belong to the Martin family was found in 2024 by a diver who had been looking for it for several years.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
As the conflict in the Middle East drives up prices at the pump, experts say suspending gas and diesel taxes isn't the easy fix it may appear to be.
A West Bloomfield surgeon will spend a year in prison for his role in a $7 million Medicare fraud scheme, federal prosecutors said.
University of Michigan president-elect Kent Syverud announced Wednesday that he is being treated for a form of brain cancer.
Autism in the D is hosting a "Weekend of Inclusivity," featuring two events aimed at supporting families and highlighting gaps in autism resources across the city.
Dominic Weber and Haylie Reeves met at North Star Reach as campers in 2016.
The Detroit Health Department is hosting a Public Health Week through Saturday, April 11, to provide resources in neighborhoods.
The Boston Red Sox beat Detroit 1-0 on Friday night, snapping the Tigers' six-game winning streak.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
The Detroit Lions were not very aggressive in NFL free agency, choosing to save salary cap space to sign some key players to long-term extensions.
Wenceel Pérez hit a go-ahead homer in the eighth inning and the Detroit Tigers won their fifth straight game, beating the Kansas City Royals 2-1.
The Detroit Tigers have agreed to an eight-year, $150 million contract extension with rookie infielder Kevin McGonigle.
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.
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.
https://www.cbsnews.com/detroit/news/whitmer-state-of-emergency-ann-arbor-kalamazoo-michigan-counties/
A suspect was shot by Michigan State Police troopers on Friday in a police chase that ended in a crash, killing an innocent bystander in Inkster.
Along the Sturgeon River near Indian River, Michigan, homes are damaged, and families are just now getting back inside. CBS News Detroit met a couple that is still processing what happened after losing the majority of their personal belongings.
Crews will be knocking door to door, assessing the damage in hopes of getting the state and federal emergency declarations for Ann Arbor, which could help residents pay for repairs. This comes after an EF-1 tornado touched down in the city earlier this week.
Flooding is worsening in parts of Michigan on Friday, with rivers still rising in some parts and receding in others. CBS News Detroit spoke with residents near Indian River, where the Sturgeon River has destroyed homes along Independence Avenue.