Stocks rebound from rout as Fed faces calls to cut rates early
Most equities rallied Tuesday after the previous day's global rout fueled by U.S. recession fears.
Watch CBS News
Most equities rallied Tuesday after the previous day's global rout fueled by U.S. recession fears.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Japan's benchmark Nikkei 225 stock index plunged 12.4% on Monday in the latest bout of selloffs that are shaking world markets as investors fret over the state of the U.S. economy.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Stocks closed higher on Wall Street, marking the market's third winning week in the last four.
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.
Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The stock market had a miserable 2018, but some companies bucked the trend to post an exceptionally good year.
General Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury.
Companies all across the United States, especially here in Michigan, have a lot riding on what happens in Europe.
For the first time since May, 2008, the Dow Jones Industrial Average traded above the psychological milestone of 13,000.
Murray Feldman says investors fled some Michigan companies in droves sending stock prices plummeting.
Move over Miss Cleo! If you're worried about the stock market, fear not! A financial astrologer peeks into his crystal ball to give us his reading.
Wall Street's rocky ride has Detroit Mayor Dave Bing looking at his city's long-term financial picture.
The uncertainty in the financial markets and the financial world is raising a lot of concern, not just about investments, but also about perception of the U.S. and who is to blame for what's happening on Wall Street.
If the stock market is making your knees weak, or if news about the European Union is making you lose sleep, knowledge and professional guidance could be the key to maintaining your peace of mind and your wealth in 2012.
Jennifer Runyan, FBI Detroit's special agent in charge, said only one person was involved in the incident and confirmed that the person is deceased. His identity and motive are unknown.
The Jewish Federation of Detroit released a statement on Thursday after an attack at Temple Israel in West Bloomfield, saying, "We remain steadfast in our commitment to vigilance and security."
Temple Israel confirmed all 140 students and staff are safe following an attack at the West Bloomfield synagogue Thursday afternoon.
Within hours after an attack at Temple Israel in West Bloomfield, multiple police departments across Southeast Michigan say they are increasing patrols in their communities.
Temple Israel, the scene of an active shooter incident Thursday afternoon, is a major Reform synagogue on Walnut Lake Road in West Bloomfield. The Metro Detroit suburb is in Oakland County, in Southeast Michigan.
Jennifer Runyan, FBI Detroit's special agent in charge, said only one person was involved in the incident and confirmed that the person is deceased. His identity and motive are unknown.
Temple Israel confirmed all 140 students and staff are safe following an attack at the West Bloomfield synagogue Thursday afternoon.
Jarvis Butts of Detroit will serve up to 60 years in prison for the murder of Na'Ziyah Harris and other charges.
Temple Israel, the scene of an active shooter incident Thursday afternoon, is a major Reform synagogue on Walnut Lake Road in West Bloomfield. The Metro Detroit suburb is in Oakland County, in Southeast Michigan.
The National Weather Service in Detroit has issued a high wind warning for Friday across Southeast Michigan.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
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.
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.
Temple Israel confirmed all 140 students and staff are safe following an attack at the West Bloomfield synagogue Thursday afternoon.
As pennies begin to disappear, states are grappling with a "rounding" problem for cash purchases that would have included them in the past.
The Senate failed for a fourth time to advance a funding bill for the Department of Homeland Security, with no deal in sight.
Drivers across Metro Detroit continue to see higher prices at the pump. And the escalating war in Iran is worrying some that higher prices across the board will soon follow.
Michigan state and local leaders joined people in Southfield to speak out against an office space that they say will be leased out to U.S. Immigration and Customs Enforcement.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast Michigan.
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.
Former Michigan linebackers coach Chris Partridge is suing the university, its board of regents and its athletics director for firing him in 2023.
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.
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.
For this week's Detroit Proud, CBS News Detroit's Lauren Winfrey introduces us to a hometown R&B artist to showcase the city that shaped her sound.
Former Michigan linebackers coach Chris Partridge is suing the university, its board of regents and athletic director Warde Manuel for firing him in 2023 while the NCAA investigated allegations of in-person scouting and sign-stealing.
Authorities are continuing their investigation into an attack at Temple Israel in West Bloomfield. CBS News Detroit spoke with one man whose wife works at the nearby Jewish Community Center.
A Detroit man will serve up to 60 years in prison on a second-degree murder charge involving the death of 13-year-old Na'Ziyah Harris, along with five separate sexual assault charges.
CBS News Detroit is providing team coverage as authorities investigate an attack on Thursday, March 12, at Temple Israel in West Bloomfield, Michigan.