Inflation cooled in June to slowest pace in more than 2 years
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
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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 growing number of brides across the country are finding bliss in pre-loved wedding dresses.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
Skyrocketing inflation is driving up the price of venues, catering and flowers — but there are ways to trim costs.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
Faced with deciding between making a jumbo payment and keeping their existing vehicles, more owners are choosing to stick with what they have, even if it means spending more on repairs and maintenance.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The research reveals indicators that contribute to financial hardship in the state, showing 1.6 million households in Michigan are financially insecure.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Stubbornly high inflation and mounting debt are weighing on many people's finances — and their minds.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
The average cost of a dozen Grade A eggs fell to $4.21 last month from a high of $4.82 in January.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
Can the Fed keep raising interest rates and defeat the worst bout of inflation in 40 years without causing a slump?
Home Depot marked one of the S&P's larger losses despite reporting stronger profit than expected for end of 2022.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Easing inflation and a strong labor market are helping consumers feel better about the economy this month, according to a closely watched survey released Friday by the University of Michigan.
Faith and a little bit of luck left one teenager thankful after a violent crash earlier this week caused her car to split in half.
Kyle Isbel hit a walk-off single in the ninth after his run-scoring hit fueled a two-run, eighth-inning rally and also made two excellent catches that likely saved a run, helping the Kansas City Royals beat the Detroit Tigers 4-3 for their sixth win in eight games.
Over the past few weeks, there has been a lot of controversy over the Oakland County Sheriff's Office using drones; however, Sheriff Mike Bouchard tells CBS Detroit that a terrifying scene outside of a domestic violence center might not have been resolved if it weren't for the technology.
A Canton Township, Michigan, woman is charged after authorities say she allegedly stole jewelry from someone for whom she was pet sitting.
Two people are facing charges after a 64-year-old man was attacked by three dogs while jogging earlier this year in Plymouth Township.
Faith and a little bit of luck left one teenager thankful after a violent crash earlier this week caused her car to split in half.
Oakland County Sheriff Mike Bouchard says a terrifying scene outside of a domestic violence center might not have been resolved if it weren't for drones.
The main window for weather activity looks to open during the mid-to-late afternoon and persist through the evening hours.
According to the WARN notice from Fifth Third Bank, the layoffs are expected to happen between July 1 and November 2026 and will be permanent.
The city says they're now the ones testing this material before it ever leaves the source.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The organization says its executive committee will oversee operations and lead the search for the next leader, under the leadership of DADA president Katie Coleman and Auto Show chairman Lincoln Phillip.
General Motors has announced production investments at its sites in Romulus, Saginaw and Toledo.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
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.
Kyle Isbel hit a walk-off single in the ninth after his run-scoring hit fueled a two-run, eighth-inning rally and also made two excellent catches that likely saved a run, helping the Kansas City Royals beat the Detroit Tigers 4-3 for their sixth win in eight games.
Trial jurors said they couldn't agree on the more serious charge of murder, prompting the judge to declare a mistrial on that count.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
A system that thousands of schools and universities use was offline due to a cyberattack.
Perfect Pair was founded by a University of Michigan student in 2020 to curb social isolation during the pandemic.
The insurance company's contract with the healthcare system ends on June 30, and negotiations for a new one have been unsuccessful so far.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Kyle Isbel hit a walk-off single in the ninth after his run-scoring hit fueled a two-run, eighth-inning rally and also made two excellent catches that likely saved a run, helping the Kansas City Royals beat the Detroit Tigers 4-3 for their sixth win in eight games.
Cade Cunningham had 25 points and 10 assists, Tobias Harris scored 21 and the Detroit Pistons beat the Cleveland Cavaliers 107-97 on Thursday night to take a 2-0 lead in their second-round series.
Pat Caputo, a longtime Detroit sports columnist whose work extends to newspapers, TV and radio, died on Thursday after a battle with cancer, his family shared on social media.
The Detroit Tigers' Triple-A manager says he was fired this week after sending an "inappropriate" text message to a female colleague.
After being overlooked for much of his career, Daniss Jenkins has played himself into a key role with the Detroit Pistons.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
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.
Tensions remain high in the Strait of Hormuz as the U.S. and Iran continue to exchange fire.
A Sterling Heights, Michigan, woman says she's lucky to be alive after a violent crash caused her car to split in two.
Over the past few weeks, there has been a lot of controversy over the Oakland County Sheriff's Office using drones; however, Sheriff Mike Bouchard tells CBS Detroit that a terrifying scene outside of a domestic violence center might not have been resolved if it weren't for the technology.
Tension was high at the Taylor City Council meeting on Tuesday after a woman scolded the mayor and city officials for agreeing to work with the U.S. Immigration and Customs Enforcement.
According to the Detroit Fire Department, authorities received a tip from someone who saw the incident on the news and recognized the suspect. Details on the arrest were not immediately released.