Shoppers opened their wallets this holiday, defying fears of pullback
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
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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.
Many feel worse off than their parents' generation as income isn't keeping up.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
Red Lobster added all-you-can-eat shrimp to its menu. Then it realized how much Americans can eat.
About 60% of American workers say their income has lagged inflation over the past 12 months, survey shows.
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
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.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
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.
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 West Bloomfield surgeon will spend a year in prison for his role in a $7 million Medicare fraud scheme, federal prosecutors said.
President Trump spoke with CBS News Friday in a new telephone interview.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
On Friday, Allen Park Police Chief Eron Feltz issued an apology, saying the city's warning system failed when residents needed it most.
A Southfield man has pleaded guilty to illegally possessing driver's licenses, Social Security cards and equipment to create fake documents.
Water levels are dropping at the Cheboygan Lock and Dam Complex along the Cheboygan River as a hydro dam is now online.
On Friday, Allen Park Police Chief Eron Feltz issued an apology, saying the city's warning system failed when residents needed it most.
Behind this system, a noticeable cooldown will settle in across Michigan through the weekend, with temperatures dropping well below recent highs.
One person was taken into custody after a shooting was reported on Thursday at a church in Oakland County, Michigan.
A West Bloomfield surgeon will spend a year in prison for his role in a $7 million Medicare fraud scheme, federal prosecutors said.
At a gas station in Detroit, owner Mohamad Mallah, known to customers as Big Moe, decided to give back in a big way.
On average, drivers in the state are paying $3.87 per gallon for regular unleaded fuel.
Michigan Gov. Gretchen Whitmer has declared an energy emergency in eight Southeast Michigan counties amid rising gas prices across the state.
General Motors has announced that it's making another round of layoffs at its Factory Zero plant in Metro Detroit. The latest round, the second this year, impacts roughly 1,300 workers and is due to a readjustment of operations amid declining electric vehicle demand.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Motown may be Detroit's most famous sound, but it's far from the only one.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Restaurants are being considered for the new Michelin Guide American Great Lakes Edition, set to be revealed in 2027.
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
The Ford station wagon thought to belong to the Martin family was found in 2024 by a diver who had been looking for it for several years.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
As the conflict in the Middle East drives up prices at the pump, experts say suspending gas and diesel taxes isn't the easy fix it may appear to be.
A federal agency will open a portal on April 20 that lets businesses apply for a refund for Trump tariffs struck down by the Supreme Court.
A West Bloomfield surgeon will spend a year in prison for his role in a $7 million Medicare fraud scheme, federal prosecutors said.
University of Michigan president-elect Kent Syverud announced Wednesday that he is being treated for a form of brain cancer.
Autism in the D is hosting a "Weekend of Inclusivity," featuring two events aimed at supporting families and highlighting gaps in autism resources across the city.
Dominic Weber and Haylie Reeves met at North Star Reach as campers in 2016.
The Detroit Health Department is hosting a Public Health Week through Saturday, April 11, to provide resources in neighborhoods.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
The Detroit Lions were not very aggressive in NFL free agency, choosing to save salary cap space to sign some key players to long-term extensions.
Wenceel Pérez hit a go-ahead homer in the eighth inning and the Detroit Tigers won their fifth straight game, beating the Kansas City Royals 2-1.
The Detroit Tigers have agreed to an eight-year, $150 million contract extension with rookie infielder Kevin McGonigle.
Kenley Jansen got his 479th save, moving past Lee Smith for sole possession of third place on the career list, and the Detroit Tigers rallied from an eighth-inning deficit to beat the Kansas City Royals 2-1 for their fourth straight win.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
It's a look at the critical relationship between Canada, Michigan and the U.S. on this week's Michigan Matters.
The roundtable discusses the dramatic impact AI is having in the classroom, at companies and inside homes.
There's a focus on Michigan's defense industry as a national convention comes to Detroit in a few weeks, with over 11,000 people expected at Huntington Place.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
Three men are charged in connection with a shooting at an Airbnb party in Birmingham, Michigan, last weekend, prosecutors said.
One person was taken into custody after a shooting was reported on Thursday at a church in Oakland County, Michigan.
Earlier this week, severe storms moved through Metro Detroit, including a confirmed EF-1 tornado that touched down in Lincoln Park. But in Allen Park, residents say tornado sirens never sounded.
The Strait of Hormuz remains effectively closed to commercial shipping due to Iran's looming threats and a U.S. blockade of the country's ports. Jarred Hill reports.