Here's how the Fed's rate cut today may impact your finances
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
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The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
According to reports, Kroger Executive Andy Groff told regulators in a hearing for an anti-trust trial that Kroger raised the price of milk and eggs beyond the level of inflation.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
DTE wants customers who are already spending more money to keep the lights on and dig even deeper into their wallets. A handful of frustrated customers and elected leaders protested Wednesday in front of DTE headquarters.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Chipotle CEO Brian Niccol said the company is addressing portion sizes after finding 10% of its locations were skimping.
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
Auto insurance has gone up 19.5% since June of last year, according to the latest Consumer Price Index data. The reason? Getting T-boned by inflation.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
Key report on consumer prices comes ahead of interest-rate decision by the Federal Reserve in the afternoon.
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.
Michigan health officials say the state's cyclosporiasis outbreak numbers jumped by more than 500 reports in the past 24 hours.
Three communities in Oakland County issued emergency water alerts Thursday, calling for a boil water advisory or water use restrictions.
The smoky sky over Michigan and Ontario might be alarming – but emergency officials say it's not something to call 911 about.
Orion Township officials said Thursday they detected reduced water pressure on their lines.
The air was so bad early Thursday in Michigan that Detroit was listed as having the world's worst air quality in the IQAir database. Here's what you need to know,
The air was so bad early Thursday in Michigan that Detroit was listed as having the world's worst air quality in the IQAir database. Here's what you need to know,
Three communities in Oakland County issued emergency water alerts Thursday, calling for a boil water advisory or water use restrictions.
Michigan health officials say the state's cyclosporiasis outbreak numbers jumped by more than 500 reports in the past 24 hours.
The smoky sky over Michigan and Ontario might be alarming – but emergency officials say it's not something to call 911 about.
Splash pads, summer school and other community events and programs have been affected by Michigan's poor air quality.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
The Hitsville USA campus is undergoing a $75 million donor-funded expansion that includes a theater, recording studio, and immersive exhibits, with a grand reopening planned for 2027.
Grammy Award-winning rapper and recording artist Ludacris won't be performing at the National Cherry Festival in Traverse City, Michigan, after initially being billed for the event due to an "unforeseen scheduling conflict," according to organizers.
Officials in Toledo, Ohio, say the presence of carbon monoxide was confirmed in a parked vehicle where five people were found unresponsive and three of them died.
Six members of Parliament in Canada are calling for the president of the King's Privy Council for Canada to release the full agreement with the U.S. on the Gordie Howe International Bridge, amid concerns about who would actually benefit from the toll profits.
Lawmakers are one step closer to making daylight saving time permanent after the House passed a bill with overwhelming support.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and Northeast U.S. this week.
Lulgjuraj cites that part of the reason for his campaign suspension was his opponent, Michael Bouchard, receiving an endorsement from President Trump.
Michigan health officials say the state's cyclosporiasis outbreak numbers jumped by more than 500 reports in the past 24 hours.
The current air quality in Michigan has doctors, especially cardiologists, concerned for their patients.
Smoke from multiple wildfires in Canada and Minnesota is moving over Michigan, eroding the air quality in the state.
Michigan health officials say the state's cyclosporiasis outbreak has now grown to more than 3,700 cases.
Tuesday's reported 3,309 cases are roughly 10 times the number reported on July 2, officials say.
The groundbreaking comes just days after the club announced the largest single investment in club history.
Embattled Michigan athletic director Warde Manuel has addressed the latest round of reports about his potential exit from the university, saying he has been fired by social media three times in 10 years.
An amended complaint by former University of Michigan football coach Chris Partridge alleges that school leaders concealed their knowledge of the sign-stealing scheme that was under investigation by the NCAA.
Sophie Shaft is a rising star with USA weightlifting, and she's got the hardware to show for it.
J.T. Realmuto hit a three-run double in the sixth inning and Zack Wheeler struck out 10 in six scoreless innings, helping the Philadelphia Phillies beat the Detroit Tigers 5-0 on Sunday to win their three-game series before the All-Star break.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
The Ann Arbor Art Fair features nearly 1,000 artists each year, and the three-day event opened on Thursday in the downtown area. Here's a look at some of the sights and sounds.
President Trump is set to give a primetime speech Thursday night, where he's expected to accuse China of meddling in U.S. elections, sources said. CBS News has this report.
Wildfire smoke from Canada and Minnesota drifted into Metro Detroit Wednesday night and is expected to linger over the region throughout Thursday.
Southeast Michigan is among the regions noticing an outbreak of cyclosporiasis - an intestinal illness caused by a parasite. Dr. Molly O'Shea discusses the symptoms of the disease and how to prevent it.
Police in Metro Detroit and Windsor are asking people not to call 911 to report the smoke and haze in the sky. The atmospheric conditions are from a wildfire smoke plume drifting from Canada and Minnesota.