Inflation eased in October as prices for gasoline and cars cooled off
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements that have ended their strikes against Detroit's automakers.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
If the United Auto Workers strike isn't settled soon, consumers will see higher prices for new cars — and not just the ones from Detroit.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
The largest drop in pessimism about the economy since summer 2022 has come from Republicans.
Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000.
On the legislation's "birthday" lawmakers gathered in Lansing to celebrate the accomplishments they feel are due to this new law.
For the first time in the U.S., credit card debt has surpassed $1 trillion.
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month's data.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Cookout costs will vary, but Americans hitting the road are about to save $2.6 billion on gas this holiday weekend over last year.
A growing number of brides across the country are finding bliss in pre-loved wedding dresses.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
Skyrocketing inflation is driving up the price of venues, catering and flowers — but there are ways to trim costs.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
Faced with deciding between making a jumbo payment and keeping their existing vehicles, more owners are choosing to stick with what they have, even if it means spending more on repairs and maintenance.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The research reveals indicators that contribute to financial hardship in the state, showing 1.6 million households in Michigan are financially insecure.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Hundreds of thousands of dollars in losses, over half of a cherry crop loss and one Metro Detroit fruit farm is trying to remain optimistic about the future of the fruit growing in Southeast Michigan
A 78-year-old Chicago man was found guilty in the presumed death of his 8-month-old daughter, who was last seen more than 40 years ago in Metro Detroit.
A Wayne County Circuit Judge ruled that Michael Jackson-Bolanos will face trial in the death of Detroit synagogue president Samantha Woll, despite the defense challenging a district court ruling,
Peggy Means' only daughter was in a coma with virtually no chance of ever coming out of it, doctors told her. And yet, Means refused to let them pull the plug.
Ahead of Mother's Day, the Pontiac Housing Commission handed over the keys to a recently renovated home to a single mother and her two young children on Friday.
Hundreds of thousands of dollars in losses, over half of a cherry crop loss and one Metro Detroit fruit farm is trying to remain optimistic about the future of the fruit growing in Southeast Michigan
There is no update on when systems will be restored after a cyberattack was detected at Ascension hospitals nationwide on Wednesday.
Jon Urbanchek, an iconic swimming coach who spent time leading the Wolverines and Olympians, has died. He was 87.
A restaurant in Detroit was named the most beautiful in Michigan, according to a list published in People Magazine.
A 78-year-old Chicago man was found guilty in the presumed death of his 8-month-old daughter, who was last seen more than 40 years ago in Metro Detroit.
United Auto Workers union members at Stellantis' Warren Stamping Plant voted on Monday to authorize a strike over health and safety concerns.
Members of UAW Local 869 are scheduled to vote on May 6 over safety concerns at the plant.
Technology originally developed for homeland security is now available in Michigan to inspect every inch of your car. Developers say UVeye is like getting an MRI for your vehicle.
A bill introduced to the Michigan Legislature is looking to decrease noise pollution around Metro Detroit, more particularly along Woodward Avenue.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
Prince Harry and Meghan are in Nigeria for a 3-day tour at the invitation of the African nation's military.
Taylor Swift's The Eras Tour began its European leg with four dates at the La Defense Arena in Paris with a revamped setlist.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
Peggy Means' only daughter was in a coma with virtually no chance of ever coming out of it, doctors told her. And yet, Means refused to let them pull the plug.
The $5 meal could include a choice of a McChicken, a McDouble or four-piece chicken nuggets along with fries and a drink.
Maggie Steffens asked for more support for the U.S. women's water polo team, and the captain received one surprising response: Flavor Flav.
Bailey Boswell was convicted of murder in the 2017 death of Sydney Loofe. Boswell's boyfriend was also convicted and sentenced to death.
Jon Urbanchek, an iconic swimming coach who spent time leading the Wolverines and Olympians, has died. He was 87.
The fitness chain's $10 monthly membership is one of few things that had remained unchanged since 1998 — until now.
Elon Musk's Neuralink finds a brain-computer interface device captured less data a month after implant surgery.
A Metro Detroit mother wants her 1-year-old transferred to a hospital out of state after she says she raised concerns about her daughter's care at Children's Hospital of Michigan.
An 11-year-old boy in Warren has made medical history. He is one of two children in the world to receive an experimental gene therapy procedure to restore vision.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Maggie Steffens asked for more support for the U.S. women's water polo team, and the captain received one surprising response: Flavor Flav.
The weather was perfect for the regional Special Olympics held at Macomb County Community College in Warren.
The Olympic flame arrived in France aboard a 19th century tall ship to kick off a 7,500-mile journey to the Paris Summer Games.
Detroit will officially debut its uniforms at Comerica Park on Friday against the Houston Astros.
Here are the different ticket options fans can now purchase for the 2024 Rocket Mortgage Classic.
The roundtable discusses mobility and the importance of marque events like the 2024 NFL Draft, the Detroit Auto Show and more.
By the time this presidential race is over, Biden, Trump and their entourages may not need Michigan driver's licenses, but they'll know their way around and where the orange barrel construction zones are enough to void them on their way to campaign events.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
You might get another chance to see the northern lights overnight, and there's lots of sunshine heading our way for Mother's Day.
Hundreds of thousands of dollars in losses, over half of a cherry crop loss and one Metro Detroit fruit farm is trying to remain optimistic about the future of the fruit growing in Southeast Michigan
Dozens of high school girls will be playing flag football at Ford Field starting Saturday. Chris Fritzsching, executive director of football education with the Detroit Lions, joined CBS News Detroit to talk about the league.
A dog from Ferndale will compete in the 2024 Westminster Dog Show in New York. Samantha Gibson joined CBS News Detroit with her dog Clyde to talk about the upcoming competition this weekend.
Detroit Mike Duggan joined city officials to mark a milestone in the city's efforts to replace lead service lines. Sam Smalley, deputy director of the Detroit Water and Sewerage Department, joined CBS News Detroit to the city's progress.