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.
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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.
The Boston Red Sox beat Detroit 1-0 on Friday night, snapping the Tigers' six-game winning streak.
Michigan Gov. Gretchen Whitmer on Friday expanded her state of emergency to include the cities of Ann Arbor and Kalamazoo as well as five counties following this week's storms.
Along the Sturgeon River near Indian River, Michigan, homes are damaged, and families are just now getting back inside.
Crews will be knocking door to door, assessing the damage in hopes of getting the state and federal emergency declarations for Ann Arbor, which could help residents pay for repairs.
Families left their homes, with many forced to stay in motels or with friends. On Friday, many returned home for the first time.
A suspect was shot by Michigan State Police troopers on Friday during a police chase that ended in a crash, killing an innocent bystander in Inkster.
Michigan Gov. Gretchen Whitmer on Friday expanded her state of emergency to include the cities of Ann Arbor and Kalamazoo as well as five counties following this week's storms.
Water levels are dropping at the Cheboygan Lock and Dam Complex along the Cheboygan River as a hydro dam is now online.
Along the Sturgeon River near Indian River, Michigan, homes are damaged, and families are just now getting back inside.
Behind this system, a noticeable cooldown will settle in across Michigan through the weekend, with temperatures dropping well below recent highs.
At a gas station in Detroit, owner Mohamad Mallah, known to customers as Big Moe, decided to give back in a big way.
On average, drivers in the state are paying $3.87 per gallon for regular unleaded fuel.
Michigan Gov. Gretchen Whitmer has declared an energy emergency in eight Southeast Michigan counties amid rising gas prices across the state.
General Motors has announced that it's making another round of layoffs at its Factory Zero plant in Metro Detroit. The latest round, the second this year, impacts roughly 1,300 workers and is due to a readjustment of operations amid declining electric vehicle demand.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
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.
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
President Trump spoke with CBS News Friday in a new telephone interview.
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
The Ford station wagon thought to belong to the Martin family was found in 2024 by a diver who had been looking for it for several years.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
As the conflict in the Middle East drives up prices at the pump, experts say suspending gas and diesel taxes isn't the easy fix it may appear to be.
A West Bloomfield surgeon will spend a year in prison for his role in a $7 million Medicare fraud scheme, federal prosecutors said.
University of Michigan president-elect Kent Syverud announced Wednesday that he is being treated for a form of brain cancer.
Autism in the D is hosting a "Weekend of Inclusivity," featuring two events aimed at supporting families and highlighting gaps in autism resources across the city.
Dominic Weber and Haylie Reeves met at North Star Reach as campers in 2016.
The Detroit Health Department is hosting a Public Health Week through Saturday, April 11, to provide resources in neighborhoods.
The Boston Red Sox beat Detroit 1-0 on Friday night, snapping the Tigers' six-game winning streak.
Riley Greene doubled home two runs to tie the score with two outs in the ninth inning, and Colt Keith followed with the winning single as the streaking Detroit Tigers rallied past the Kansas City Royals 10-9 in a wild game delayed twice by rain.
The Detroit Lions were not very aggressive in NFL free agency, choosing to save salary cap space to sign some key players to long-term extensions.
Wenceel Pérez hit a go-ahead homer in the eighth inning and the Detroit Tigers won their fifth straight game, beating the Kansas City Royals 2-1.
The Detroit Tigers have agreed to an eight-year, $150 million contract extension with rookie infielder Kevin McGonigle.
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.
There's a focus on Michigan's defense industry as a national convention comes to Detroit in a few weeks, with over 11,000 people expected at Huntington Place.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
https://www.cbsnews.com/detroit/news/whitmer-state-of-emergency-ann-arbor-kalamazoo-michigan-counties/
A suspect was shot by Michigan State Police troopers on Friday in a police chase that ended in a crash, killing an innocent bystander in Inkster.
Along the Sturgeon River near Indian River, Michigan, homes are damaged, and families are just now getting back inside. CBS News Detroit met a couple that is still processing what happened after losing the majority of their personal belongings.
Crews will be knocking door to door, assessing the damage in hopes of getting the state and federal emergency declarations for Ann Arbor, which could help residents pay for repairs. This comes after an EF-1 tornado touched down in the city earlier this week.
Flooding is worsening in parts of Michigan on Friday, with rivers still rising in some parts and receding in others. CBS News Detroit spoke with residents near Indian River, where the Sturgeon River has destroyed homes along Independence Avenue.