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.
President Trump says he is working with Michigan Gov. Gretchen Whitmer and other regional officials in support of a lock and dam system intended to keep Asian carp out of the Great Lakes.
Toll rates have been announced for crossing the soon-to-be-open Gordie Howe International Bridge between Detroit and Windsor.
Caesar Cooper, 24, of Detroit, was arrested in Westland, Michigan, after police say he fled officers twice in Roseville while driving stolen vehicles, including a BMW valued at over $100,000, prosecutors say.
Water quality testing has allowed a boil water advisory to be lifted in Novi and Walled Lake, GLWA says.
Additional federal funding will be available to assist Northern Lower Michigan with recovery after the disruptive 2025 ice storm.
Toll rates have been announced for crossing the soon-to-be-open Gordie Howe International Bridge between Detroit and Windsor.
President Trump says he is working with Michigan Gov. Gretchen Whitmer and other regional officials in support of a lock and dam system intended to keep Asian carp out of the Great Lakes.
Water quality testing has allowed a boil water advisory to be lifted in Novi and Walled Lake, GLWA says.
Additional federal funding will be available to assist Northern Lower Michigan with recovery after the disruptive 2025 ice storm.
Caesar Cooper, 24, of Detroit, was arrested in Westland, Michigan, after police say he fled officers twice in Roseville while driving stolen vehicles, including a BMW valued at over $100,000, prosecutors say.
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.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
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.
Officers normally assigned to process Global Entry travelers had been reassigned to process other arriving travelers during the pause.
A string of tornadoes touched down in multiple states as severe weather stretched from Texas to Michigan.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
TSA officer call-out rates have climbed into double-digit percentages at some airports, including half the officers at Houston's Hobby Airport, straining screening operations and contributing to longer security lines.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
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.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Jalen Duren scored 26 points, Cade Cunningham had 21 points and 15 assists, and the Pistons hammered the Nets 138-100 on Tuesday night.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
The Pioneers will often practice or play games while fasting while observing the holiday, which runs through March 19.
The Detroit Lions are losing another player, this time it's wide receiver Kalif Raymond, who is reportedly heading to the Chicago Bears.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
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.
Residents of Novi and Walled Lake in Southeast Michigan no longer need to follow a boil water advisory, as the Great Lakes Water Authority has ended the alert.
Additional federal funding will be available to assist Northern Lower Michigan communities with recovery after a disruptive ice storm that happened nearly a year ago.
Defense Secretary Pete Hegseth called Tuesday one of the "most intense day" of strikes against Iran so far in the military action in the Middle East. In the meantime, the Pentagon says 140 U.S. service members have been wounded during the conflict. CBS News has this report.
Heavy storms spurred the threat of flooding for Metro Detroit. Dale Warner was found guilty of second-degree murder. Those headlines and other top stories are in our news brief.
A Flood Watch is in effect for southern parts of Southeast MI through early afternoon. Additional rounds of showers and storms are expected through the day and may produce heavy rainfall. Rain and possibly Temperatures rising to near Low 60's by noon, then falling to around 51 during the remainder of the day. South southwest wind 10 to 14 mph, with gusts as high as 24 mph. Quiet tomorrow, then accumulating snow is likely Friday morning and strong winds in excess of 40 mph are possible during the day Friday.