Inflation is sticking around. Here's what that means for your money.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
While the central bank is slowing its rate increases, Jerome Powell told investors not to expect lower rates this year.
The central bank boosted interest rates for the seventh time this year, which means pricier debt and loans.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
It's never a great time to carry credit card debt. But right now is arguably the worst time.
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.
Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn.
The summer festival season is here, and Detroit's Movement Music Festival has landed among the best in the U.S. when it comes to happiness.
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.
Prosecutors say Mario Davis, 39, sexually assaulted a woman multiple times in his Fraser home.
Former Warren City Councilman Edward Kabacinski is charged for allegedly carrying a handgun without a license.
Throughout the month of May, the Detroit Animal Care and Control shelter is hosting special adoption events to try to clear the shelter on Chrysler Drive, just south of Clay Street.
The summer festival season is here, and Detroit's Movement Music Festival has landed among the best in the U.S. when it comes to happiness.
Detroit City FC continues their road trip with a matchup against Loudoun United FC this Saturday in Virginia.
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.
Prosecutors say Mario Davis, 39, sexually assaulted a woman multiple times in his Fraser home.
Former Warren City Councilman Edward Kabacinski is charged for allegedly carrying a handgun without a license.
Members of UAW Local 869 are scheduled to vote on May 6 over safety concerns at the plant.
Technology originally developed for homeland security is now available in Michigan to inspect every inch of your car. Developers say UVeye is like getting an MRI for your vehicle.
A bill introduced to the Michigan Legislature is looking to decrease noise pollution around Metro Detroit, more particularly along Woodward Avenue.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday.
The summer festival season is here, and Detroit's Movement Music Festival has landed among the best in the U.S. when it comes to happiness.
Here's how you can snag $25 tickets to concerts heading to Metro Detroit this year.
See who's nominated for the 77th annual Tony Awards. The Tonys will air live on CBS and Paramount+ on Sunday, June 16.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
The vinyl sales alone were monumental, Billboard said, with "the largest sales week for an album on vinyl in the modern era."
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.
The retailer says the peelable treats have been "flying off the shelves" ever since TikTokers discovered the candy.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
The 2024 Kentucky Derby will be the 150th running of the high-profile race.
U.S. unemployment rate rose slightly to 3.9% in April, continuing a stretch of remaining under 4% for 27 months.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
The Washtenaw County Health Department says the bat was found in the 48108 zip code.
In a neighborhood longing for access to nutritious foods, customers and staff couldn't contain their excitement as the doors finally opened Wednesday at the Detroit People's Food Co-Op.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Detroit City FC continues their road trip with a matchup against Loudoun United FC this Saturday in Virginia.
The 2024 Kentucky Derby will be the 150th running of the high-profile race.
The game between the Detroit Tigers and St. Louis Cardinals has been postposed Monday night because of inclement weather.
A Royal Oak catering company secured the contract to help feed the draft workers.
The NFL draft enabled the Detroit Lions to turn a potential weakness into a strength by selecting cornerbacks with their first two picks.
The roundtable discusses mobility and the importance of marque events like the 2024 NFL Draft, the Detroit Auto Show and more.
By the time this presidential race is over, Biden, Trump and their entourages may not need Michigan driver's licenses, but they'll know their way around and where the orange barrel construction zones are enough to void them on their way to campaign events.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Rain chances are confined mainly to the very early, or very late hours this weekend.
The Detroit Animal Care and Control shelter is pushing to find new homes for the dogs up for adoption as it begins the transition to a new facility. Throughout the month of May, it is hosting special adoption events to try to clear the shelter on Chrysler Drive, just south of Clay Street.
University of Michigan President Dr. Santa Ono will testify before Congress on May 23 for a hearing called “Calling for Accountability: Stopping Antisemitic College Chaos."
The Detroit Public Schools Community District says it has seen a surge in consumption of marijuana edibles and vape pens at schools and is urging local, state and federal leaders to implement a policy.
It took a quick reaction to save the life of an Oak Park teacher participating in a friendly basketball game between students and teachers.