More than a third of U.S. adults are stressed out over money
Stubbornly high inflation and mounting debt are weighing on many people's finances — and their minds.
Inflation
More Americans can't pay their bills. Here's where it's worst.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
Egg prices are falling after five months of price hikes
The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
Inflation cooled in February, yet remains stubbornly high
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Pandemic-era SNAP benefits end for millions of Americans as costs rise
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
Federal Reserve likely to cause a recession, research says
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
Stocks tumble on worries of company profits, higher rates squeeze
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
Food prices continue to rise, with groceries a "pain point"
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
Inflation fell in January, but more slowly than forecast
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Strong jobs, lower inflation push consumer sentiment to 13-month high
Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan.
Americans expected to spend $26 billion for Valentine's Day
Valentine's spending is expected to go up year-over-year as consumers expand their gift-giving to friends — and even pets.
Wall Street sends stocks to their highest levels since summer
Stocks closed higher on Wall Street, marking the market's third winning week in the last four.
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.
Egg prices have soared. Now a lawmaker wants to know why.
With egg costs more than doubling in the past year, calls are coming for an investigation into possible price gouging.
Party City files for bankruptcy protection amid rising prices
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Margarine and butter prices are surging. Here's why.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
Egg prices have soared 60% in a year. Here's why.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Inflation slowed to 6.5% in December from a year ago
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Some buyers say higher interest rates are helping the housing market
Some people in the market to buy a house said that even though the interest rates are more than double, they would prefer to buy right now as opposed to when the interest rates are low because it was such a buying frenzy.
"WIN": How Gerald Ford tried to whip inflation with a button
In the mid-1970s inflation was so high, the president referred to it as "public enemy #1" – and turned to Madison Avenue to come up with an ad campaign and rallying cry, "Whip Inflation Now."
Workers quit at higher rate in November, while openings stayed high
The job market remains strong — a good sign for workers but a blow to the Fed's efforts to cool inflation.
Slightly more Americans sought jobless aid last week
Should Fed's rate hikes cause a recession, a jump in layoffs and unemployment claims would be an early sign.
Average holiday debt jumps to $1,550 — an 8-year high
Almost 4 in 10 of consumers who went into debt expect it will take at least five months to pay off their bills.
Here's how much pay Americans say they'd need to switch jobs
The minimum salary people want has risen to 8-year high, reflecting a hot job market and high cost of living, a survey says.
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Michigan attorney general says income tax cut is temporary
The law, enacted by the Republican-controlled Statehouse at the time, provides a mechanism to reduce the income tax rate when the percentage increase in the general fund exceeds the inflation rate during a fiscal year.
Crime Stoppers offering $6,500 for tips on 2022 murder of 16-year-old boy
Crime Stoppers is offering a reward of up to $6,500 for information that leads to an arrest in the 2022 murder of 16-year-old William Fountain Jr.
What we know about the Nashville school shooter
The shooter has been identified as a 28-year-old from Nashville, authorities said.
Detroit police search for missing 29-year-old woman
The Detroit Police Department is searching for Asia Calhoun, a missing 29-year-old woman who suffers from schizophrenia and bipolar disorder.
Public comment reopened on license renewal for Romulus waste facility
State officials have reopened the public comment period on the relicensing of the aboveground hazardous waste operations at the Romulus facility that received waste from the train derailment in East Palestine, Ohio.
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Michigan attorney general says income tax cut is temporary
The law, enacted by the Republican-controlled Statehouse at the time, provides a mechanism to reduce the income tax rate when the percentage increase in the general fund exceeds the inflation rate during a fiscal year.
Crime Stoppers offering $6,500 for tips on 2022 murder of 16-year-old boy
Crime Stoppers is offering a reward of up to $6,500 for information that leads to an arrest in the 2022 murder of 16-year-old William Fountain Jr.
What we know about the Nashville school shooter
The shooter has been identified as a 28-year-old from Nashville, authorities said.
Detroit police search for missing 29-year-old woman
The Detroit Police Department is searching for Asia Calhoun, a missing 29-year-old woman who suffers from schizophrenia and bipolar disorder.
Public comment reopened on license renewal for Romulus waste facility
State officials have reopened the public comment period on the relicensing of the aboveground hazardous waste operations at the Romulus facility that received waste from the train derailment in East Palestine, Ohio.
Automotive News
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UAW holds first day of 2023 special bargaining convention
As electric vehicle production booms for the big three, the United Auto Workers union is looking for a change when it comes to its benefits.
Ford's Tenn. plant could make 500K electric pickups per year
A new Ford assembly plant being built in western Tennessee will be able to build up to 500,000 electric pickup trucks per year at full production, the company said Friday.
GM to stop making the Camaro but a successor may be in works
General Motors, which sells the brawny muscle car, said Wednesday it will stop making the current generation early next year.
Cruise wants to test self-driving vehicles across California
General Motors' Cruise autonomous vehicle unit on Monday asked California for permission to test the cars across the entire state.
Ford Woodhaven Stamping Plant honors Rosie the Riveter
Women are carrying a big part of the load in the tool and die department at the Ford Woodhaven Stamping Plant.
Entertainment News
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Cedar Point announces new attractions for 2023 season
Cedar Point will be opening on May 6, a time for Michiganders to travel to the amusement park and enjoy new attractions.
Detroit dancer dancing onto big stages
Born and raised in Detroit, it's here where Phillips was first introduced to dance in the first grade.
With Blockbuster website active, fans speculate on comeback
The antiquated, but still beloved, movie rental retailer has a live website – even though the company was bought by DISH in 2011 and ceased most of its operations in 2014. What is going on with the company now?
New details revealed about 50th anniversary celebration "The Young and the Restless"
The cast of daytimes #1 drama looks back in brand new footage, Paramount+ celebrates the series' legacy, and a sneak peek at the upcoming anniversary storyline is revealed.
New theater aims to bring diversity and faith to Port Huron
Bringing diversity and faith to the Thumb, a new performing arts training center is introduced to the community of Port Huron.
National News
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What we know about the Nashville school shooter
The shooter has been identified as a 28-year-old from Nashville, authorities said.
Most bosses say they spy on remote workers — even with live video
Employee tracking tools such as keystroke monitoring software and video feeds are now the norm for remote workers.
Honda recalls over 330,000 vehicles due to faulty mirrors
Federal safety regulators say mirrors on the affected vehicles don't comply with rear visibility requirements.
Sea levels are rising. Here's how some communities are adapting
Thirty percent of Americans live in a community near a coastline. While those people don't have the power to unilaterally solve the underlying problem of climate change, some communities are now grappling with how to adapt.
Police "strongly believe" Nashville school shooter had other targets, including local mall
"We strongly believe there was going to be some other targets, including maybe family members, and one of the malls here in Nashville," said Nashville Police Chief John Drake.
Health News
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Blood test can determine if you're carrying a cancer gene
Sarina Oden says a routine check-up led her to a surprising diagnosis when she told her primary care physician about her family's medical history.
Wastewater dashboard monitoring monkeypox, influenza, other viruses in 5 SE Michigan cities
A wastewater dashboard that tracks pathogens is now monitoring monkeypox, influenza-A, norovirus GII and the respiratory syncytial virus in five Southeast Michigan cities.
Woodhaven High School students collect feminine products, toiletries for the community
The Women of Woodhaven is a student organization designed to advocate for the needs of young women in the community.
What is xylazine, the veterinary sedative being found in the U.S. drug supply?
The drug has been found in an increasing number of overdoses and overdose deaths.
CDC warns of "alarming" rise of potentially deadly fungal threat
Reports of patients with the drug-resistant fungal infection Candida auris have accelerated in recent years.
Sports News
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Florida Atlantic heads to Final Four
As the Kansas State marching band exited Saturday night from Madison Square Garden, the Owls of Florida Atlantic were dancing to a new tune while cutting down the nets after stamping their ticket to Houston for the Final Four.
Tigers acquire INF Zach McKinstry in trade with Cubs
The Detroit Tigers acquired veteran infielder Zach McKinstry in a trade with the Chicago Cubs on Monday.
First timers Miami, FAU, San Diego State join UConn in NCAA's Final Four
For the first time, no team is seeded better than No. 4
Miami beats No. 1 seed Houston; all four top NCAA seeds out
Knocking No. 1 seed Houston out of the NCAA Tournament made Jim Larrañaga feel like dancing.
Jerry Green, Detroit sports writer at 56 Super Bowls, dies
Jerry Green, a Detroit sports writer who covered 56 consecutive Super Bowls, has died at 94, The Detroit News said Friday.
Michigan Matters
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Michigan Matters: Closing Out Women's History Month with Two Sports Superstars
As Women's History Month continues, it's a conversation with two women who dominated their sport on the world's stage as legendary driver Lyn St. James and Olympic Gold Medal Winning Ice Skater Meryl Davis appear on "Michigan Matters" this Sunday to talk about their careers, making it to the top and helping the community.
Michigan Matters: Celebrating First Lady Betty Ford & Bavarian Inn's Dorothy Zehnder
As Women's History Month continues, it's a "Michigan Matters" spotlight on two dynamic leaders from our state – former First Lady Betty Ford and Dorothy Zehnder, the 101-year-old restaurant owner from Frankenmuth.
Michigan Matters: Star Trek's William Shatner, Auto Icon Bob Lutz, ONE's Mujeeb Ijaz & Dunamis Clean Energy's Natalie King
It's talk about electrification and our future on "Michigan Matters" as William Shatner, star of the "Star Trek" TV show/movies, Bob Lutz, former Vice Chair of GM, ONE's CEO Mujeeb Ijaz and Dunamis Clean Energy's Natalie King appear on "Michigan Matters" 8 am this Sunday on CBS Detroit.
Michigan Matters: Focus on Jobs and Tree Trimming in Motor City
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.
Michigan Matters: Putting Canada & Its Critical Relationship with Michigan Under the Microscope
Canada is vital to Michigan and vice versa as former Canadian Consul General of Detroit Joseph Comartin talks about on "Michigan Matters" which airs 8 am this Sunday on CBS Detroit.
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Public comment reopened on license renewal for Romulus waste facility
State officials have reopened the public comment period on the relicensing of the aboveground hazardous waste operations at the Romulus facility that received waste from the train derailment in East Palestine, Ohio.
Detroit police search for persons of interest in non-fatal shooting of a 27-year-old woman, 9-year-o
The Detroit Police Department is searching for three teenagers they believe are connected to shooting a 9-year-old boy and a 27-year-old woman on Monday at an abandoned building.
Florida Atlantic heads to Final Four
The Owls of Florida Atlantic secured their first-ever trip to the Final Four with a win over Kansas State on Saturday.
People will be getting relief from medical debt on credit reports
A series of new federal consumer protections could have your credit score going up if it's been lowered because of medical debt. Laws created by the Biden Administration are leading to changes aimed at positively impacting your credit score.
Detroit police seek 2 suspects in armed carjacking at ATM
Police say the 38-year-old man was at the ATM when the two armed suspects pulled up in a 10-foot U-Haul truck, approached him and demanded his vehicle.