Stock market falls sharply after Target reports sales drop
Stocks tumbled Wednesday amid signs that tariffs are weighing on consumer spending and investor concerns about the U.S. fiscal outlook.
Watch CBS News
Stocks tumbled Wednesday amid signs that tariffs are weighing on consumer spending and investor concerns about the U.S. fiscal outlook.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
Stocks soared Thursday morning before leveling out midday, with talks of potential trade deals buoying investor confidence.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
Colorectal cancer is the second leading cause of cancer death in the United States, but it doesn't get the attention or funding that other types do.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Wall Street was betting on a red wave in the midterm elections Tuesday. But so far it appears that didn't happen.
Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn.
So what's the latest and greatest in the ever more wonderful, wild and weird world of science and technology? Well, here ya go, my friends, to get you all ready for the weekend...
Perrigo Co. (Nasdaq: PRGO) Thursday announced that it is transferring the listing of its U.S. traded common stock to the New York Stock Exchange from the Nasdaq Global Select Market.
Azure Dynamics Corp., the Oak Park electric and hybrid truck powertrain developer, said it would hold a special meeting of its shareholders Aug. 19 to ask shareholder approval of a consolidation of its shares in order for Azure to pursue a dual listing on a United States stock exchange such as the Nasdaq Global Market.
Officials received calls of the pedestrian crash on I-94 near East Grand Boulevard on Saturday around 2:50 a.m.
Tyler Stephenson hit a grand slam in a six-run fifth inning and the Cincinnati Reds went on to an 11-1 win over the Detroit Tigers on Saturday afternoon.
Law enforcement officials are searching for 57-year-old Vance Luther Boelter in the shootings of two Minnesota lawmakers and their spouses early Saturday morning.
Officials representing Michigan are sharing their thoughts following targeted shootings early Saturday in Minnesota that killed a state representative and her husband, and injured a state senator and his wife.
Protesters across Michigan and the United States rallied Saturday afternoon in a demonstration organizers called a "national day of defiance."
Protesters across Michigan and the United States rallied Saturday afternoon in a demonstration organizers called a "national day of defiance."
Minnesota state Rep. Melissa Hortman and her husband were killed, and state Sen. John Hoffman and his wife were wounded in politically motivated shootings overnight, Gov. Tim Walz said Saturday.
Officials representing Michigan are sharing their thoughts following a "politically motivated" shooting early Saturday in Minnesota that killed a state representative and her husband, and injured a state senator and his wife.
In February, the teen pleaded guilty to manslaughter with a motor vehicle with an adult designation.
The 15-year-old girl was last seen in the area of Nine Mile and Lahser roads in Southfield on Saturday around 2:20 a.m.
General Motors announced on Tuesday a $4 billion investment over the next two years in three U.S. manufacturing plants, one of which is located in Michigan.
A 15-gallon tank of gas costs motorists about $48, around $9 less than the highest price drivers paid in July 2024.
A 15-gallon tank of gas costs motorists about $46, around $11 less than the highest price drivers paid in July 2024.
The three-day event runs May 30 through June 1 and is highlighted by the 35th running of the NTT IndyCar Series Detroit Grand Prix.
A parking lot in Farmington Hills, Michigan, is full of Tesla vehicles, leaving many wondering why they are parked there.
Richard Wilson isn't focused on celebrities or influencers; he's painting everyday Detroiters.
Harvey Weinstein's retrial in New York took another dramatic turn when the judge declared a mistrial on the last undecided charge.
Weinstein was convicted of one of two counts of criminal sexual assault. The jury told the judge they hadn't reached a verdict on the third degree rape charge.
Brian Wilson was one of the world's most influential recording artists.
Aaron Rodgers said after his first practice with the Pittsburgh Steelers that he got married "a couple months ago."
Officials representing Michigan are sharing their thoughts following targeted shootings early Saturday in Minnesota that killed a state representative and her husband, and injured a state senator and his wife.
The move marks a significant pivot for the Trump administration, which has vowed to deport millions of immigrants living in the country without legal status.
President Trump is set to deliver remarks at the 250th Anniversary of the U.S. Army Grand Military Parade and Celebration, an event he envisioned.
Sellers are hawking "No Kings" t-shirts, hats and other items in a move to cash on anti-Trump protests planned for June 14.
The U.S. automaker is struggling to procure rare earth materials essential to its cars, as exports from China slow.
Kimara Mayberry says her experience with March of Dimes inspired her to become a lifelong advocate.
Hundreds of open and filled positions have been eliminated at Blue Cross Blue Shield of Michigan, the company says.
The Health and Human Services secretary said he is "retiring" all 17 members of the Advisory Committee for Immunization Practices, which helps set recommendations for vaccines.
Recreational cyclist Phil Fox crossed back into America around 3:30 a.m. Sunday, after spending nearly three days circumnavigating over 1,000 miles around Lake Huron by bicycle.
Data from the Michigan Department of Health and Human Services shows a 34% reduction in overdose deaths between 2023 and 2024.
Tyler Stephenson hit a grand slam in a six-run fifth inning and the Cincinnati Reds went on to an 11-1 win over the Detroit Tigers on Saturday afternoon.
Detroit City Football Club finishes its three-game road trip this Saturday as it faces off against Loudoun United FC.
Gleyber Torres homered twice and Riley Greene drove in four runs to help the Detroit Tigers beat the Cincinnati Reds 11-5 on a rainy Friday night.
Tarik Skubal pitched seven shutout innings, Parker Meadows hit a three-run homer, and the Detroit Tigers beat the Baltimore Orioles 4-1 Thursday night.
Detroit Tigers pitcher Jackson Jobe will undergo season-ending Tommy John surgery on his right elbow.
Over 1,500 leaders from all corners of the state gathered at the Detroit Regional Chamber's Mackinac Policy Conference.
It's a tale of two historic buildings in Metro Detroit finding new life as leaders involved talk about changes at Michigan Central Station and the Dearborn Inn.
Michigan put the world on wheels, and with its manufacturing prowess, has also dominated the defense industry.
The Motor City will be in the international spotlight yet again as the Chevrolet Detroit Grand Prix presented by Lear and Ford Fireworks returns to the streets and skies of downtown Detroit.
The Michigan Matters panel discusses how the region is doing at addressing community needs and how progress continues to be made in ending the stigma tied to mental illness.
The nonprofit March of Dimes on Saturday held their annual March for Babies walk on Saturday at Roosevelt Park in Detroit. Event supporters say it's important to make sure expecting mothers and their babies have the support they need.
The Detroit Land Bank on Saturday said it's now sold 30,000 vacant lots, leading to investments in the city. Organizers say the program is vital for cutting down on blight.
NEXT Weather Forecast
A massive manhunt is underway in Minnesota after targeted shootings that killed state Rep. Melissa Hortman and her husband, and injured state Sen. John Hoffman and his wife on Saturday.
The 250th Birthday of the U.S. Army Grand Military Parade and Celebration, as it's officially called, features thousands of soldiers, an array of tanks and other military vehicles, and dozens of aircraft. The parade on Saturday falls on President Trump's 79th birthday. CBS News correspondent Natalie Brand shares details on the event.