U.S. prices cooled in April, key inflation gauge shows
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
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Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
The high cost of food both at home and in restaurants continues to be a sore spot for millions of U.S. households.
This Valentine's Day, more people may have opted for a romantic meal at home. The new U.S. inflation report shows that food prices across the board are still stubbornly high, but restaurant prices are climbing faster than grocery store prices.
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
U.S. Treasury Secretary Janet Yellen touted a strong economy and believes inflation is returning to normal levels while making several stops across Detroit on Wednesday, including NewLab at Michigan Central.
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Bartender Catey Regis's pricey misadventure of buying a used car recently speaks to why voters are worrying about the U.S. economy going into this year's presidential election.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
The Federal Reserve's preferred measure of inflation fell last month in another sign that prices are easing.
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Inflation across the U.S. continues to fall but remains sticky, with the cost of rent, medicare care and used cars edging up last month.
Wednesday morning's snow on top of existing road conditions has resulted in some school closings in southeast Michigan.
As intense debate continues throughout the country regarding the U.S. Immigration and Customs Enforcement, some Metro Detroit communities are informing each other about what to do if they interact with ICE agents.
The recording, obtained by CBS News Detroit, was believed to have been made minutes before the shooting and fire near the church on Sept. 28, 2025.
The Waterford Police Department says it is still investigating the 2018 murder of 24-year-old Samantha Oriana Cosway, and is hoping someone will come forward with information.
A preliminary hearing in the fatal hyperbaric chamber explosion in Metro Detroit is wrapping up for the four people charged in the death of a five-year-old boy.
Wednesday morning's snow on top of existing road conditions has resulted in some school closings in southeast Michigan.
A winter weather advisory has been issued for Wednesday across Southeast Michigan. Falling snow is expected to impact the morning commute.
Some Southeast Michigan communities have invoked warming shelter procedures, giving a chance for people to get a break from cold weather.
As intense debate continues throughout the country regarding the U.S. Immigration and Customs Enforcement, some Metro Detroit communities are informing each other about what to do if they interact with ICE agents.
A statewide shortage of salt is prompting the road commission in Monroe County to make changes to its supply with local partners.
U.S. Secretary of Transportation Sean Duffy, who stopped at the Detroit Auto Show, claimed that efforts by the administration to reverse the Biden-era electric vehicle policies will make cars more affordable again, including rolling back fuel efficiency standards.
On average, drivers in the state are paying $2.96 per gallon for regular unleaded fuel.
The 2026 Detroit Auto Show opened to the public on Saturday. Some people at the show think the Trump administration is doing a good job of making cars more affordable. Others disagree.
The Detroit Auto Show's Charity Preview is Friday night, and CBS News Detroit is taking you there.
The North American International Auto Show in Detroit once dedicated an entire track on its coveted show floor to getting consumers comfortable with electric vehicles and charging.
Milford Independent Cinema has been a staple in its southeast Michigan community for decades.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
As intense debate continues throughout the country regarding the U.S. Immigration and Customs Enforcement, some Metro Detroit communities are informing each other about what to do if they interact with ICE agents.
Hawaii enacted a rule that bars people from bringing guns onto private property that is open to the public, like shops or gas stations, unless the owner gives express authorization.
The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.
What's a "peanut butter" raise? Here's what it means, and why this is the type of pay hike you should expect this year.
Andrew Johnson is the latest in a series of pardoned Jan. 6 riot defendants to face new criminal charges.
Officials in Oakland County, Michigan, say they will establish a committee in an effort to strengthen long-term water safety after Legionella bacteria were detected at two different area facilities last month.
While the termination of these substance abuse and mental health service funds is now reversed, the 48-hour rollercoaster is creating uncertainty and distrust from organizations relying on those dollars.
The U.S. House of Representatives approved Thursday a three-year extension of subsidies for the Affordable Care Act.
Michigan health officials say only 23% of Michigan residents have received this year's influenza vaccine.
The CDC took six previously routine vaccinations off its recommendation list, but Michigan health officials suggest parents consider those immunizations anyway.
Tobias Harris scored 25 points and Jaylen Brown missed a jumper just before the buzzer, allowing the Detroit Pistons to hold on for a 104-103 win over the Boston Celtics in a matchup of teams with the best records in the Eastern Conference.
With Cooper Schoenberg and Carter Lutz's respective schools, Indiana and Miami, playing on Monday for the College Football Playoff title, it is putting that bond to the test.
The Lions are set to hire Arizona Cardinals' offensive coordinator Drew Petzing as Detroit's next OC, a source told CBS Sports.
Alex DeBrincat scored 36 seconds into overtime to give the surging Detroit Red Wings a 4-3 win over the Ottawa Senators.
From being treated like "cattle" as a young girl to sleeping in her car off a Polish highway, Allison Reed has taken a long, hard road to follow her Olympic ice dance dream.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
The focus is on health, as Dusty Mysen, a father of four from Oxford, diagnosed with pancreatic cancer several years ago, who underwent aggressive therapy, is now cancer-free five years later.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
Another round of snow this morning that will disrupt the morning rush hour commute. Winter Weather Advisory in effect until 1 PM Wednesday afternoon. Total snow accumulations of 1 to 3 inches, with highest amounts of 4' possible between M59 corridor. Another chance of snow showers Wednesday night and Thursday, with some minor accumulation possible. Dangerously cold wind chill expected again Friday into the weekend. Minimum wind chill below -10F expected each morning.
As intense debate continues throughout the country regarding the U.S. Immigration and Customs Enforcement, some Metro Detroit communities are doing what they can to inform each other about what to do if they come in contact with ICE agents.
The Grand Blanc Township Police Department on Tuesday, Jan. 20, released a recording of a 911 call believed to be of the gunman of the deadly attack on the Church of Jesus Christ of Latter-day Saints in Michigan.
Snow arrives late tonight with 2-4 inches of snow possible through the morning on Wednesday.
Tuesday was Racing Day at the Detroit Auto Show, previewing the upcoming Grand Prix.