Defying inflation worries, US casinos have best quarter
Inflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
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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.
Former U.S. Ambassadors John Rakolta Jr. and David Fischer appear on CBS 62's "Michigan Matters" this Sunday to talk about their time in those diplomatic jobs and how they ended up helping the Abraham Accords get signed.
The Southeast Michigan Purchasing Managers Index for September is at 50.6, up nearly five points from the August PMI of 45.7 and indicating a resumption of growth in the Southeast Michigan economy after three declining months.
The Southeast Michigan Purchasing Managers Index came in at 60.3 in June, a marked drop from 66.3 in May.
More money in your gas tank means less money in your wallet, and that's changed how consumers are spending their money elsewhere.
The Federal Reserve sizes up the economy in a two-day policy meeting which concludes Wednesday.
A trip to the grocery store might start to cost you more.
The Southeast Michigan Purchasing Managers Index declined to 67.7 in May from 67.9 in April, according to economists at Wayne State University's business school. Meanwhile, commodity prices are surging.
A Warren man will be sentenced on June 23 on charges relating to a hit-and-run crash that killed a 14-year-old boy.
A former Westland resident will serve 20 years in federal prison on charges relating to attempting to provide support to ISIS.
Perfect Pair was founded by a University of Michigan student in 2020 to curb social isolation during the pandemic.
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."
A learning management system used by schools and universities across the country, including in Michigan, was hit with a cyberattack.
Drivers in Metro Detroit and across the Midwest are finally seeing prices at the pump drop slightly, but experts say there's no reason to expect them to fall much further than we're used to.
The insurance company's contract with the healthcare system ends on June 30, and negotiations for a new one have been unsuccessful so far.
A Warren man will be sentenced on June 23 on charges relating to a hit-and-run crash that killed a 14-year-old boy.
A former Westland resident will serve 20 years in federal prison on charges relating to attempting to provide support to ISIS.
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.
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.
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.
Michigan Congresswoman Rashida Tlaib introduced a bill on Thursday that would increase penalties on DTE Energy and other investor-owned utilities for seeking rate hikes within two years of violating the Clean Air Act.
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.
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.
Sonny Gray pitched five innings in his return from injury and the Boston Red Sox finished a three-game sweep of the Detroit Tigers with a 4-0 win.
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.
The roundtable discusses the dramatic impact AI is having in the classroom, at companies and inside homes.
Tourism is a huge business in the Great Lakes State, which is why Janet Korn of Experience Grand Rapids, Kelly Wolgamott of Pure Michigan, and Liz Ware of Mission Point Resort on Mackinac Island appear on Michigan Matters this Sunday to talk about this critical industry as the summer season is about to kick off.
Rock and Brews has opened in Royal Oak, Michigan, featuring live music, beverages and food inspired by a rock and roll theme.
Perfect Pair was founded by a University of Michigan student in 2020 to curb social isolation during the pandemic.
The U.S. military said three warships came under "unprovoked attack" Thursday as they transited the Strait of Hormuz, with Iranian forces launching missiles, drones and small assault boats. CBS News has this report.
Michigan Humane presents two of the animals in its care that are available for adoption: Stuffed Crust the dog and Sage the cat.