Stocks tumble as Trump’s tariffs roil global markets
The Dow, S&P 500 and Nasdaq fell sharply after President Donald Trump slapped tariffs on a host of countries Wednesday, including China, Japan, India and Europe.
The Dow, S&P 500 and Nasdaq fell sharply after President Donald Trump slapped tariffs on a host of countries Wednesday, including China, Japan, India and Europe.
Stellantis temporary layoffs: 900 US employees being laid off, Canada plant paused
Stellantis is temporarily laying off 900 U.S. workers in the U.S. - including at the Warren and Sterling Heights plants -- while also pausing production in Windsor.
Stellantis is temporarily laying off 900 U.S. workers in the U.S. - including at the Warren and Sterling Heights plants -- while also pausing production in Windsor.
New Detroit businesses awarded $450K by Motor City Match
The small business landscape in Detroit is set to receive a major boost.
The small business landscape in Detroit is set to receive a major boost.
WATCH: Trump's tariffs include 10% baseline on imports, 25% on foreign cars
President Donald Trump is announcing a new set of tariffs against countries during a 'Liberation Day' event at the White House -- a move he says will free the U.S. from a reliance on foreign goods.
President Donald Trump is announcing a new set of tariffs against countries during a 'Liberation Day' event at the White House -- a move he says will free the U.S. from a reliance on foreign goods.
Trump announces 25% tariff on all foreign-made automobiles
Trump said that a 25% tariff will be placed on all foreign-made automobiles imported into the U.S. becoming effective at midnight, April 3.
Trump said that a 25% tariff will be placed on all foreign-made automobiles imported into the U.S. becoming effective at midnight, April 3.
'Re-Hooterization' Hooters looks to rebrand as sales sag across the board
Hooters is going from an R-rating to a PG-13 as part of a new branding strategy to make it more family-friendly. The company’s CEO calls it 'Re-Hooterization.'
Hooters is going from an R-rating to a PG-13 as part of a new branding strategy to make it more family-friendly. The company’s CEO calls it 'Re-Hooterization.'
Detroit's auto industry nervously watches, waits as tariff deadline fast approaches
"If the auto industry catches a cold, Detroit gets pneumonia," said John McElroy, auto industry expert.
"If the auto industry catches a cold, Detroit gets pneumonia," said John McElroy, auto industry expert.
Should Americans rush to buy a car before the tariffs? Here's what Trump says
President Trump was asked Friday whether Americans should rush to buy cars now before his planned 25% tariffs on imported cars, light trucks and auto parts take effect.
President Trump was asked Friday whether Americans should rush to buy cars now before his planned 25% tariffs on imported cars, light trucks and auto parts take effect.
Inflation remained elevated in February, data shows
Inflation remains a top economic concern for most Americans, even as it has fallen sharply from its 2022 peak.
Inflation remains a top economic concern for most Americans, even as it has fallen sharply from its 2022 peak.
Stellantis to offer voluntary buyouts for employees across 20 locations
Douglas King has been with Stellantis for close 30 years and the auto industry has changed and knows the company has to be nimble to compete.
Douglas King has been with Stellantis for close 30 years and the auto industry has changed and knows the company has to be nimble to compete.
Detroit homeownership wealth grows to $4.6 billion since 2014
A neighborhood on Detroit’s east side on 8-Mile is where Sonya Davenport lived for more than 30 years, and now, it’s paying off.
A neighborhood on Detroit’s east side on 8-Mile is where Sonya Davenport lived for more than 30 years, and now, it’s paying off.
EU tariffs could hurt these states the most, analysis shows
If the European Union’s 27 countries move forward with retaliatory tariffs on the U.S., some states will be impacted far more than others.
If the European Union’s 27 countries move forward with retaliatory tariffs on the U.S., some states will be impacted far more than others.
Trump administration rehiring nearly 25K fired workers after court order, documents show
A federal judge ruled that the impacted workers at six federal government agencies will be rehired after they were fired in February.
A federal judge ruled that the impacted workers at six federal government agencies will be rehired after they were fired in February.
Trump's 25% tariffs on all steel and aluminum imports take effect
President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. Canada announced retaliatory tariffs in response. Here's what to know.
President Donald Trump has officially increased tariffs on all steel and aluminum imports to 25%. Canada announced retaliatory tariffs in response. Here's what to know.
CPI February update: Egg prices up another 10% though inflation cools
February's CPI report showed egg prices were once again the most volatile, increasing by an average of 10.4% last month. Here's what else it showed.
February's CPI report showed egg prices were once again the most volatile, increasing by an average of 10.4% last month. Here's what else it showed.
Tariff impacts in Michigan: Canada moves forward with 25% surcharge on energy
Half a trillion dollars in trade between the U.S. and Canada and a good chunk of that crosses the Ambassador Bridge between Detroit and Windsor daily.
Half a trillion dollars in trade between the U.S. and Canada and a good chunk of that crosses the Ambassador Bridge between Detroit and Windsor daily.
Late car payments rise to highest level in over 30 years
High car prices and elevated interest rates have strained auto loan borrowers.
High car prices and elevated interest rates have strained auto loan borrowers.
Tesla stock hit hard as market drops
Tesla’s stock dropped 15% on Monday, deepening 2025 losses. The broader market also faces uncertainty from tariffs.
Tesla’s stock dropped 15% on Monday, deepening 2025 losses. The broader market also faces uncertainty from tariffs.
What is a recession? Here's the criteria and where the U.S. stands
Thanks to reporting lags and number revisions, recessions typically aren’t declared until well after they have begun.
Thanks to reporting lags and number revisions, recessions typically aren’t declared until well after they have begun.
Trump won't rule out recession this year
In an interview with Fox News Channel Sunday, President Trump brushed aside concerns from businesses seeking stability as they make investment decisions.
In an interview with Fox News Channel Sunday, President Trump brushed aside concerns from businesses seeking stability as they make investment decisions.