Inflation cooled further in November, with prices rising 7.1%
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
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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.
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.
Kelli Bryant, 35, pleaded no contest to three counts of first-degree child abuse on Thursday, Oakland County prosecutors said.
The last 20 years have seen a steady number of wildfire occurrences in the U.S. and an increase in Canada.
Detroit had the worst air quality in the world on Thursday because of the fine particulate matter in the atmosphere.
Pete Hoekstra, the U.S. ambassador to Canada, praised the cooperation between the two countries as wildfire smoke from along the border drifts over multiple states and provinces.
One climatologist said "a perfect storm" of climate extremes primed the western U.S. for one of its worst fire seasons in a decade. Meanwhile, Canadian wildfire smoke fills the air.
The air was so bad on Thursday in Michigan that Detroit was listed as having the world's worst air quality in the IQAir database. Here's what you need to know.
The last 20 years have seen a steady number of wildfire occurrences in the U.S. and an increase in Canada.
Kelli Bryant, 35, pleaded no contest to three counts of first-degree child abuse on Thursday, Oakland County prosecutors said.
Three communities in Oakland County issued emergency water alerts Thursday, calling for a boil water advisory or water use restrictions.
Splash pads, summer school and other community events and programs have been affected by Michigan's poor air quality.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
The Hitsville USA campus is undergoing a $75 million donor-funded expansion that includes a theater, recording studio, and immersive exhibits, with a grand reopening planned for 2027.
Grammy Award-winning rapper and recording artist Ludacris won't be performing at the National Cherry Festival in Traverse City, Michigan, after initially being billed for the event due to an "unforeseen scheduling conflict," according to organizers.
One climatologist said "a perfect storm" of climate extremes primed the western U.S. for one of its worst fire seasons in a decade. Meanwhile, Canadian wildfire smoke fills the air.
The recall includes cases of Pillsbury "Hard Roll Dough" and "Kaiser Roll Dough" bread rolls, which are marketed to businesses.
Officials in Toledo, Ohio, say the presence of carbon monoxide was confirmed in a parked vehicle where five people were found unresponsive and three of them died.
Six members of Parliament in Canada are calling for the president of the King's Privy Council for Canada to release the full agreement with the U.S. on the Gordie Howe International Bridge, amid concerns about who would actually benefit from the toll profits.
Lawmakers are one step closer to making daylight saving time permanent after the House passed a bill with overwhelming support.
Michigan health officials say the state's cyclosporiasis outbreak numbers jumped by more than 500 reports in the past 24 hours.
The current air quality in Michigan has doctors, especially cardiologists, concerned for their patients.
Smoke from multiple wildfires in Canada and Minnesota is moving over Michigan, eroding the air quality in the state.
Michigan health officials say the state's cyclosporiasis outbreak has now grown to more than 3,700 cases.
Tuesday's reported 3,309 cases are roughly 10 times the number reported on July 2, officials say.
The groundbreaking comes just days after the club announced the largest single investment in club history.
Embattled Michigan athletic director Warde Manuel has addressed the latest round of reports about his potential exit from the university, saying he has been fired by social media three times in 10 years.
An amended complaint by former University of Michigan football coach Chris Partridge alleges that school leaders concealed their knowledge of the sign-stealing scheme that was under investigation by the NCAA.
Sophie Shaft is a rising star with USA weightlifting, and she's got the hardware to show for it.
J.T. Realmuto hit a three-run double in the sixth inning and Zack Wheeler struck out 10 in six scoreless innings, helping the Philadelphia Phillies beat the Detroit Tigers 5-0 on Sunday to win their three-game series before the All-Star break.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
The smoky sky over Michigan and Ontario might be alarming – but it's not something to make a 911 call about.
Wildfire smoke drifted across Southeast Michigan Wednesday night and a smoky, hazy sky resulting from fine particulate pollution was clearly visible by daybreak on Thursday.
Michigan health officials say the state's cyclosporiasis outbreak have jumped to 4,312 known cases, a jump of more than 500 reports in one day.
A Pontiac, Michigan, mother accused of abandoning her three children for years and leaving them to live in what authorities called deplorable conditions, has pleaded no contest to child abuse charges.
Four Michigan lawmakers have sent a letter to Canadian officials, asking for details on how Canada is managing its wildfires. The smoke that blanketed Metro Detroit this week drifted in from Canada and Minnesota.