Margarine and butter prices are surging. Here's why.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
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Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Some people in the market to buy a house said that even though the interest rates are more than double, they would prefer to buy right now as opposed to when the interest rates are low because it was such a buying frenzy.
In the mid-1970s inflation was so high, the president referred to it as "public enemy #1" – and turned to Madison Avenue to come up with an ad campaign and rallying cry, "Whip Inflation Now."
The job market remains strong — a good sign for workers but a blow to the Fed's efforts to cool inflation.
Should Fed's rate hikes cause a recession, a jump in layoffs and unemployment claims would be an early sign.
Almost 4 in 10 of consumers who went into debt expect it will take at least five months to pay off their bills.
The minimum salary people want has risen to 8-year high, reflecting a hot job market and high cost of living, a survey says.
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
Sharp drop in average gas prices signals that this year's breakneck pace of inflation is cooling.
Inflation dropped to still-high 6%, likely bolstering Fed's resolve to keep raising interest rates well into 2023.
Rising inflation could cause tighter budgets for some families as others may wonder how generous they can be.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
Thanksgiving dinner will cost a whopping 20% more than it did last year, according to a new survey released Wednesday by the American Farm Bureau Federation.
You might have found the perfect house, but between the price and the interest rate, you're not sure if you should buy.
It's never a great time to carry credit card debt. But right now is arguably the worst time.
Inflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
Stocks rose in afternoon trading on Wall Street Tuesday as Americans head to the polls to vote in midterm elections that are being heavily influenced by inflation and the threat of a recession.
A measure of inflation that is closely monitored by the Federal Reserve remained painfully high last month, the latest sign that prices for most goods and services in the United States are still rising steadily.
With cost of groceries not slowing down, businesses like Detroit Cookie Co. continue fighting off food inflation.
Every time Amy Johnson turns on the water, she is thinking about her water bill. It's $13,000. How is that even possible?
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
A round of high wind develops Sunday afternoon as the warm sector of a low pressure system builds into lower Michigan.
The Detroit Chapter of the National Action Network is calling on people of all faiths to come together after the synagogue attack on Thursday in West Bloomfield, Michigan.
The Michigan State Spartans men's basketball team lost in the quarterfinals of the Big Ten Tournament on Friday to UCLA, a squad they beat by 23 less than a month ago.
A public works employee in Huntington Woods, Michigan, is dead after a limb fell on him while he was clearing a road on Friday night, the city said.
An 81-year-old man is dead and a motorist is in the hospital after a van collided with an SUV on an interstate in Farmington Hills, Michigan, Friday morning, according to police.
Ayman Mohamad Ghazali made two purchases at a Phantom Fireworks store in Livonia, Michigan. He told the store staff the fireworks were for the end of Ramadan.
A public works employee in Huntington Woods, Michigan, is dead after a limb fell on him while he was clearing a road on Friday night, the city said.
Temple Israel Rabbi Josh Bennett and staff member Cassi Cohen say their security training prepared them to respond quickly when a man rammed a vehicle into their synagogue.
Over 14,000 people in Southeast Michigan are without power after high winds blasted the area Friday.
A sprawling, late-season winter storm is set to deliver a crippling blow to Michigan's Upper Peninsula and the northern Lower Peninsula starting Saturday night.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
The Detroit Chapter of the National Action Network is calling on people of all faiths to come together after the synagogue attack on Thursday in West Bloomfield, Michigan.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
Jalen Duren had 30 points and 13 rebounds and Cade Cunningham added 17 points and 15 assists as the Detroit Pistons handed the Memphis Grizzlies their seventh straight loss with a 126-110 victory on Friday night.
The suspect connected to the attack at Temple Israel in West Bloomfield, Michigan, died from a self-inflicted gunshot wound to the head, FBI said on Friday.
A second resident of Washtenaw County is suspected to have measles, as health officials continue an investigation about potential cases and exposure sites.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast Michigan.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
The Michigan State Spartans men's basketball team lost in the quarterfinals of the Big Ten Tournament on Friday to UCLA, a squad they beat by 23 less than a month ago.
Jalen Duren had 30 points and 13 rebounds and Cade Cunningham added 17 points and 15 assists as the Detroit Pistons handed the Memphis Grizzlies their seventh straight loss with a 126-110 victory on Friday night.
Jake Guentzel and Gage Goncalves each scored twice, Andrei Vasilevskiy made 23 saves and the Tampa Bay Lightning beat the Detroit Red Wings 4-1 on Thursday night.
Duncan Robinson scored 19 points and the Eastern Conference-leading Detroit Pistons beat the Philadelphia 76ers 131-109 on Thursday night for their second straight victory after a season-worst four-game losing streak.
Former Michigan linebackers coach Chris Partridge is suing the university, its board of regents and its athletics director for firing him in 2023.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
AAA says gas prices have risen 23% since the war in Iran started on Feb. 28. Willie James Inman reports on Americans' reactions to the price spike and what President Trump is saying about the schedule of the conflict.
Shoppers on Saturday had a chance to get their hands on designer brand apparel while supporting the Salvation Army. The money raised will support the organization's rehabilitation center in Detroit.
Snow overnight, Wind Advisory for Sunday, then storms and a big temperature drop
Members of the National Action Network, a civil rights organization, are denouncing the attack at Temple Israel in West Bloomfield that happened on Thursday. CBS News Detroit's Veronica Ortega reports from Detroit bout their message.
The Michigan State Spartans men's basketball team lost 88-84 in the quarterfinals of the Big Ten Tournament on Friday to UCLA, a squad they beat less than a month ago.