Dow plunges more than 1,600 points as stocks recoil from tariff shock
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
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Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
As President Trump's 25% tariff on all imported vehicles kicked in overnight, it's expected that new cars are going to rise in price even more.
Jeep-maker Stellantis is idling production at plants in Canada and Mexico and will temporarily lay off 900 workers in the Midwest.
Ford rolls out employee pricing promotion as new 25% tariffs on U.S. auto imports take effect.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
America's global trading partners are bristling at President Trump's tariff tactics, but many also stress a desire to strike new deals with the U.S.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."
President Trump will impose 25% tariffs on all imported vehicles and auto parts starting April 3. Sam Darwich, owner of Northwestern Auto Repair in Farmington Hills, Michigan, joins CBS News to discuss how the tariffs could impact his business.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
These automakers are the most and least exposed to President Trump's sweeping tariffs on automobiles.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
Airlines are seeing lower demand from Canadians looking to travel to the U.S. amid a brewing U.S.-Canada trade war.
President Trump's newly announced 25% tariffs on all vehicles and auto parts imported into the U.S. is set to take effect April 2.
Billboards such as those spotted in the Metro Detroit area this week read, "Tariffs are a tax on your grocery bill."
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
A 25% tariff on imported vehicles and vehicle parts from Canada and Mexico is set to take effect on April 2.
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
In a focus group conducted by Axios in Michigan, some battleground state voters expressed second thoughts about supporting President Trump in the 2024 election. Political strategists Meghan Hays and Maura Gillespie join "America Decides" with analysis.
In an unsigned letter, Tesla encourages trade representative to reconsider tariffs, saying they could hurt U.S.-based car manufacturers.
Dollar General's core customer base of low-income Americans are still getting hit by inflation, with retailer seeing little improvement ahead.
It's been a roller coaster ride day after President Trump initially announced plans to increase tariffs on steel and aluminum products from Canada to 50%.
Ontario Premier Doug Ford said a 25% surcharge on electricity sent to Michigan, Minnesota and New York, will be effective on March 10.
Experts say you could save thousands of dollars by buying a car now, versus later in 2025 if tariffs are enacted.
President Trump on Thursday said he is pausing 25% tariffs on U.S. imports from Mexico and Canada.
Authorities say a man wielding a knife was fatally shot by an Ecorse police officer who was responding to a domestic dispute.
Officials say the doctor was convicted on charges connected to his medical practice, in which he charged $500 a prescription for OxyContin 80mg or oxycodone 30mg. The drugs were filled by the purchasers and then sold on the street.
Police in Livonia say they are investigating another incident of a masked individual walking onto residents' properties and getting into altercations with them.
The Detroit Lions released their official 2026 season schedule, with the first matchup set at home against the New Orleans Saints.
Onanna Jacy, a first-generation college student and daughter of immigrant parents from Bangladesh, was accepted to every college she applied to, including Harvard University, Yale University and Princeton University.
Authorities say a man wielding a knife was fatally shot by an Ecorse police officer who was responding to a domestic dispute.
Police in Livonia say they are investigating another incident of a masked individual walking onto residents' properties and getting into altercations with them.
Residents of an apartment complex in Plymouth were evacuated Thursday as first responders investigated a fire.
The Detroit Lions released their official 2026 season schedule, with the first matchup set at home against the New Orleans Saints.
Officials say the doctor was convicted on charges connected to his medical practice, in which he charged $500 a prescription for OxyContin 80mg or oxycodone 30mg. The drugs were filled by the purchasers and then sold on the street.
Michigan is demanding repayment of $35 million from the American Center for Mobility, a key player in autonomous vehicle development.
A bipartisan bill introduced in Washington, D.C., by Michigan Congresswoman Debbie Dingell and Congressman John Moolenaar would prohibit the importation, manufacture or sale of Chinese cars in the United States.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
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.
U.S. Border Patrol Chief Michael Banks, who was appointed to the role last year, told staff on Thursday that he is stepping down.
James Harden scored a playoff-best 30 points and Donovan Mitchell had 21, helping the Cleveland Cavaliers come back from a nine-point deficit late in regulation and beat the Detroit Pistons 117-113 in overtime to take a 3-2 lead in their Eastern Conference semifinal series.
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Michigan is demanding repayment of $35 million from the American Center for Mobility, a key player in autonomous vehicle development.
A bipartisan bill introduced in Washington, D.C., by Michigan Congresswoman Debbie Dingell and Congressman John Moolenaar would prohibit the importation, manufacture or sale of Chinese cars in the United States.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
Perfect Pair was founded by a University of Michigan student in 2020 to curb social isolation during the pandemic.
The Detroit Lions released their official 2026 season schedule, with the first matchup set at home against the New Orleans Saints.
The Detroit Lions will host the defending NFC North champion Chicago Bears in Detroit's annual Thanksgiving Day game.
James Harden scored a playoff-best 30 points and Donovan Mitchell had 21, helping the Cleveland Cavaliers come back from a nine-point deficit late in regulation and beat the Detroit Pistons 117-113 in overtime to take a 3-2 lead in their Eastern Conference semifinal series.
Carson Benge delivered his first big league walk-off hit, a 10th-inning single, lifting the Mets past the Tigers 3-2 on Wednesday night.
With the series tied 2-2, fans are eager to see their team take control, especially after the Pistons protected home court in both of their wins so far.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
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.
A Saline Township treasurer announced that she was resigning from her position after she says she received numerous deaths threats over the development of a data center. Other city officials say the threats have come through emails and phone calls.
Police in Livonia say they are investigating another incident of a masked individual walking onto residents' properties and getting into altercations with them. In one of those incidents, a woman say a suspect attempted to break into her home.
A senior at Cass Technical High School in Detroit relied heavily on social media to navigate the college application process. Now, she is headed to one of the nation's most prestigious universities.
The water is back on here in Auburn Hills but for many residents and business owners, questions remain about what comes next — from water bills and business losses to how officials plan to prevent something like this from happening again.
President Trump and China's Xi Jinping met Thursday and agreed that the Strait of Hormuz "must remain open" and that Iran "can never have a nuclear weapon," according to the White House. Natalie Brand reports