Home electricity bills forecast to reach a 12-year high this summer
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
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High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
Republicans are more likely than Democrats to say they'll watch President Trump's joint address to Congress.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
Americans express concern about their ability to pay bills and save money.
The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
The White House levied new import duties on its three closest trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
Malden police say Anthony Lamont Fowlkes was arrested Tuesday morning without incident on a federal warrant and turned over to Homeland Security Investigations. The case is pending in U.S. District Court for the Eastern District of Michigan.
An Auburn Hills man accused of shooting a teen and injuring a woman during a youth football game in Pontiac over the weekend has been arraigned.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
A Macomb County man is accused of stomping on the head of a kitten and killing it.
Detroit Metro Airport ranks second highest in passenger satisfaction among the biggest airports for a third consecutive year in the J.D. Power North America Airport Satisfaction Study.
Republican Mike Rogers is defending his decision not to attend a Sept. 15 televised event in the U.S. Senate race, saying he never agreed to participate and accusing the moderator of favoritism.
An Auburn Hills man accused of shooting a teen and injuring a woman during a youth football game in Pontiac over the weekend has been arraigned.
The Oakland County Sheriff's Office is investigating the death of a 3-year-old boy who was killed in a shooting on Tuesday in a Pontiac home.
A 3-month-old baby was rescued from a bedroom after police and firefighters discovered a working house fire in Monroe.
Diesel and gas prices jumped again in Michigan and the U.S. in the past 24 hours, with diesel costs smashing previous records.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The spike in prices has also sparked differing opinions among drivers about who's to blame.
A Ford contract employee was taken to a hospital following an incident on Monday morning at the Michigan Assembly Plant in Wayne, Michigan.
Automotive expert Paul Eisenstein of Autoline TV said the number of vehicles recalled this year has surged.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Dearborn Mayor Abdullah Hammoud told rapper Macklemore he's "always welcome in Dearborn" after venues on Ed Sheeran's stadium tour refused to include him.
There are plenty of Halloween-themed events to choose from this fall in Metro Detroit. Here's a list.
The Romeo Peach Festival, which one visitor described as a celebration of "peach everything!" wrapped up on Monday. Here's a look at the food and activities.
Bruce Campbell, an actor and filmmaker widely known for his work in "The Evil Dead" franchise, says his cancer prognosis indicates he has about five years to live.
The previous votes have failed to stop President Trump from waging war with Iran.
The Republican says the event was a town hall he never committed to and was never on his schedule. He also faulted the moderator, saying you can't hold a "two-on-one event in a TV studio."
Spencer Torkelson hit a three-run homer, Drew Anderson pitched five shutout innings and the Detroit Tigers won their sixth straight game by thumping the Toronto Blue Jays 10-1.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
The standardbred-Friesian mare is currently undergoing treatment and is believed to be unvaccinated, according to state officials.
A new four-legged team member is already making an impact on students at Polk Elementary School in Dearborn Heights.
Over the last six years or so, the DNR has been installing these viewers at different parks across Michigan, basically one by one.
The presence of ricin in a substance linked to an apartment complex in Hastings, Michigan, has been confirmed, the Barry-Eaton District Health Department said Saturday, two days after a potential exposure to the poison was reported.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
The Mid-American Conference says it will move to a nine-game conference schedule in 2028.
Spencer Torkelson hit a three-run homer, Drew Anderson pitched five shutout innings and the Detroit Tigers won their sixth straight game by thumping the Toronto Blue Jays 10-1.
The Detroit Red Wings will start training camp this week with leaders of the front office and the team in limbo.
Tony Stewart Racing unveiled a special Dodge livery on Tuesday at Stellantis' North America headquarters in Auburn Hills, Michigan.
The Detroit Lions know they are asking a lot of star running back Jahmyr Gibbs.
At the top of the list is the open U.S. Senate contest between Democrat Abdul El-Sayed and Republican Mike Rogers.
The Detroit Regional Partnership, which has been around for six years, has been a significant catalyst, helping bring numerous jobs and companies to the region.
The roundtable talks politics, civility and issues that will resonate this fall in various elections.
As we count down the final days of summer, there's still a wee bit of time left to grab a good book as you head to the beach or maybe your backyard.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
Happy Hump Day Fam! Looking at mostly cloudy skies with a few showers and thunderstorms scattered today. High 73°. Tomorrow and Friday a bit of sun, then showers return for the weekend.
Three people were killed when an NBC Los Angeles helicopter crashed in the San Fernando Valley on Tuesday night near the scene of a deadly Metro bus crash in Chatsworth.
Hot Sam's is downtown Detroit's oldest men's clothing store. The retailer has introduced a new line of modern leisure attire and is presenting the first pieces in that set.
A gym class policy for Lakeview High School in Macomb County's Lakeview Public Schools spells out how girls are to handle opting out of swim class on days when they are menstruating. CBS Detroit learned that the district plans to meet with the parent who raised questions about the rules.
The Belle Isle Ballfield at Belle Isle Park is getting renovations and updates that include a scoreboard, new bleachers and custom-designed dugouts. CBS Detroit has this look.