Home electricity bills forecast to reach a 12-year high this summer
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
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High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
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.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
Republicans are more likely than Democrats to say they'll watch President Trump's joint address to Congress.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
Americans express concern about their ability to pay bills and save money.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.
The White House levied new import duties on its three closest trading partners.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
A Burton man who stepped out of his vehicle after a crash on I-75 was struck and killed by oncoming traffic.
The average cost of a fast-food meal in the U.S. is now $11.56 in major cities across the U.S., according to LendingTree.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
A K-9 in Saginaw, Michigan, is being recognized after finding live pipe bombs inside a vehicle on Monday.
Riley Greene homered and hit the winning RBI double in the ninth inning to help the Detroit Tigers beat the St. Louis Cardinals 5-4.
Dearborn's program started late last year, and the city now has about 40 boxes installed, with more on the way.
A Burton man who stepped out of his vehicle after a crash on I-75 was struck and killed by oncoming traffic.
The average cost of a fast-food meal in the U.S. is now $11.56 in major cities across the U.S., according to LendingTree.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
A K-9 in Saginaw, Michigan, is being recognized after finding live pipe bombs inside a vehicle on Monday.
AAA responded to more than 356,000 roadside emergencies during Memorial Day weekend in 2024, according to the organization.
Detroit automakers say the Trump administration's new trade deal prioritizes Britain instead of the American auto industry.
Dearborn police, with help from Ford Motor Company, spent several months investigating a criminal enterprise.
Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year.
General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs.
George Wendt, the comedian and actor known for his beloved role as Norm on "Cheers," has died.
Netflix will stream a new season of Sesame Street, the beloved children's program, and make previous episodes available.
Beginning on May 22, there will be a "Wheel of Fun" on Thursdays, Saturdays and Sundays, featuring sidewalk games and other family-friendly events.
It isn't difficult to imagine just how much upkeep an instrument like this needs.
Sean "Diddy" Combs' ex-girlfriend, the singer Cassie Ventura, took the stand this week at his sex trafficking trial in New York City.
The average cost of a fast-food meal in the U.S. is now $11.56 in major cities across the U.S., according to LendingTree.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
Riley Greene homered and hit the winning RBI double in the ninth inning to help the Detroit Tigers beat the St. Louis Cardinals 5-4.
Electricity demand could jump at least 25% in the next five years and as much as 78% by 2050.
No more than one player per NFL club would be permitted. Olympic rosters will be selected by the national committee for each country.
FDA advisers are set to meet Thursday to decide on updates for this fall's COVID shots.
A new bipartisan bill package hopes to streamline the process for Michigan families making medical guardianship decisions, also known as next of kin.
The foam people can find on shorelines in Michigan doesn't just smell a little gross; state officials say it's dangerous to touch and accidentally consume.
May is Mental Health Awareness Month and organizations in Detroit are embracing the many ways we can feel our best.
There were 30,000 fewer U.S. drug overdose deaths in 2024 than the year before — the largest one-year decline ever recorded.
Riley Greene homered and hit the winning RBI double in the ninth inning to help the Detroit Tigers beat the St. Louis Cardinals 5-4.
The league, founded by Tiger Woods, Rory McIlroy and media executive Mike McCarley, will launch its seventh team in 2027.
No more than one player per NFL club would be permitted. Olympic rosters will be selected by the national committee for each country.
Sonny Gray struck out 10 and threw six scoreless innings while Brendan Donovan had three hits Monday night, leading the St. Louis Cardinals to an 11-4 rain-delayed victory over the Detroit Tigers.
The White Sox will commemorate Pope Leo XIV attending one of the 2005 World Series games with a graphic installation in the section where he sat.
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.
Henry Ford Health and Michigan State University are teaming up in Detroit at an innovative medical research center.
President Trump will visit Michigan on Tuesday to mark his first 100 days in office.
Distracted driving killed at least 3,000 people and caused more than 400,000 injuries in the U.S. in 2024, according to NHTSA, as the problem is worse in summer months when more people are on the road.
It's a look at the Detroit Public Schools Community Foundation and how things are going as Kerrie Mitchell, CEO, appears on Michigan Matters to give an update.
The Rochester Hills Planning Commission unanimously passed a measure to build an apartment complex over an area that is now wetlands. Some people spoke out during the hearing, saying they were opposed to the plans.
An investigation has begun in the statehouse surrounding the Michigan Transparency Network, also known as MiTN.
The House Rules Committee met for several hours overnight in an effort to move along a budget bill by Memorial Day. CBS News has this recap of the situation.
Staying cool.
Charges are expected after a pickup smashed into an apartment building in Pontiac, resulting to injuries among the three children who were inside their home. Family of Dee Warner will speak today on the status of the murder investigation. Royal Oak officials approve a controversial housing plan. Other top stories and weather.