Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
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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.
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.
Michigan Democratic Senate candidate Abdul El-Sayed met with Senate Democrats as they look to rally around his candidacy in the final sprint to November's election.
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
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.
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.
Michigan Democratic Senate candidate Abdul El-Sayed met with Senate Democrats as they look to rally around his candidacy in the final sprint to November's election.
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
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.
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.
Michigan Democratic Senate candidate Abdul El-Sayed met with Senate Democrats as they look to rally around his candidacy in the final sprint to November's election.
The Fed increased its benchmark rate by 0.25 percentage points to battle resurgent inflation driven by soaring energy prices.
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.
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.