Costco sells $100 million in gold bars amid inflation fears
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
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.
Strong storms hit Ferndale Wednesday afternoon. Nearly 70 mph winds ripped trees from the ground, took roofs off of buildings and left debris scattered near the area of Nine Mile Road and Paxton Avenue.
Detroit Mayor Mike Duggan gave his 11th State of the City address Wednesday night. In his speech at Dexter Avenue's Baptist Church, he discussed how much Detroit has changed over the past ten years.
Maro Jewelrs Inc. in Oak Park is accused of operating as a "fence," which is accused of operating as a "fence," which is a middleman who buys the stolen jewelry from the thief at a discounted price and then resells it to the consumer at a higher price.
Jonathan Lee Stieber, 22, was charged after he was accused of threatening to shoot employees and customers at a Kroger store in Westland.
The U.S. Attorney's Office announced Glenn Daeward Boyd, of South Carolina, is facing a seven-count indictment accusing him of sextortion that caused the death of a Michigan resident.
Strong storms hit Ferndale Wednesday afternoon. Nearly 70 mph winds ripped trees from the ground, took roofs off of buildings and left debris scattered near the area of Nine Mile Road and Paxton Avenue.
Detroit Mayor Mike Duggan gave his 11th State of the City address Wednesday night. In his speech at Dexter Avenue's Baptist Church, he discussed how much Detroit has changed over the past ten years.
Maro Jewelrs Inc. in Oak Park is accused of operating as a "fence," which is accused of operating as a "fence," which is a middleman who buys the stolen jewelry from the thief at a discounted price and then resells it to the consumer at a higher price.
Trillions of cicadas will emerge from the ground throughout the country this year, but only in a small area of Michigan.
Jonathan Lee Stieber, 22, was charged after he was accused of threatening to shoot employees and customers at a Kroger store in Westland.
After leading the United Auto Workers on its historic strike against the Detroit Three automakers, Shawn Fain has been named on Time's list of the most influential people of 2024.
General Motors and real estate firm Bedrock announced Monday the automaker's headquarters will move to the Hudson's Detroit development in downtown Detroit from the Renaissance Center.
With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.
New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates.
Reports claim that our vehicles may be collecting vast amounts of our personal data, information that could be shared with advertisers, data brokers, insurance companies and beyond.
Charli XCX and Troye Sivan are teaming up to co-headline an arena tour across North America, which will kick off here in Detroit.
ABBA, Blondie and The Notorious B.I.G. are entering America's audio canon.
The annual Ford Fireworks show in Detroit is one of 20 shows nominated for USA Today's 2024 10Best Readers' Choice Places to See Fireworks contest.
In the 1,000th episode, titled "A Thousand Yards," NCIS comes under attack by a mysterious enemy from the past.
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."
If approved, the settlement will be paid out by the Justice Department to 100 victims of Larry Nassar, who was convicted of sexual abuse and child pornography.
America's mail carriers don't just face bad weather and aggressive dogs — they're also increasingly targets of violent crime.
The vehicles' failure to detect a "sudden degradation" in the battery could lead to to a sudden loss of power, Ford warns.
The Senate's 51-member Democratic majority voted to dismiss both charges as unconstitutional over the objections of Republican members.
Elon Musk's 2018 compensation package is back for board re-certification after being voided by a Delaware court.
MDARD officials say the virus, which was first detected in Michigan in 2022, was found in Newaygo County, making it the seventh flock in the state in the last two years.
The $872 million most likely excludes any amount UnitedHealth may have paid to hackers in ransom.
George Schappell and sister Lori, of Reading, Pa., were the world's oldest conjoined twins, according to the Guinness Book of World Records.
State officials say the highly pathogenic avian influenza was detected in three dairy herds in Ionia, Isabella and Ottawa counties.
Most worrisome gaps involve cancer chemotherapy drugs, ER medications and and therapies for ADHD.
More than 20 people have been convicted in the case, many of them onetime NBA players.
Gio Urshela had an RBI single and Matt Vierling scored on a wild pitch in the eighth inning to put Detroit ahead, and the Tigers' pitchers continued their solid play to beat the Texas Rangers 4-2.
Patrick Kane scored the shootout winner in a 5-4 Detroit win over the Montreal Canadiens in their regular-season finale Tuesday night, but the Red Wings were eliminated from playoff contention.
The penalties the university and the NCAA agreed on include three years of probation for the university, a fine and recruiting restrictions.
A whopping 10,000 athletes will carry the torch 3,100 miles over 68 days.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Three leaders talked about how the region is doing to help people deal with mental health issues.
The issue of abortion and IVF was also discussed during the roundtable, along with thoughts on how they might sway voters this fall.
Riney, who has spent his 46-year career at Henry Ford Health, was named one of Modern Healthcare's 100 Most Influential People.
In Ferndale, nearly 70 mph winds ripped trees from the ground on Wednesday, taking roofs off of buildings and leaving debris scattered near the area of Nine Mile Road and Paxton Avenue.
Detroit Mayor Mike Duggan gave his 11th State of the City address Wednesday night. In his speech at Dexter Avenue's Baptist Church, he discussed how much Detroit has changed over the past ten years.
Dry weather briefly returns tomorrow as clean-up begins for severe storm damage left behind this afternoon.
Rebekah Chatfield, the sister-in-law of former Michigan House Speaker Lee Chatfield, and her attorney, James White, spoke with CBS News Detroit one day after the Attorney General's office announced charges against Lee Chatfield for criminal enterprise. He has been under investigation since Rebekah accused him of sexual assault. However, charges would not be filed in that investigation.
Members of the conservative Michigan House Freedom Caucus are calling for another investigation into the 2020 election and a look into Dominion Voting Systems and the company's CEO.