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Money

News related to money, savings and the economy.

What is a tariff? Three ways Trump's tariff on Mexico and Canada would impact Michigan

What is a tariff? Three ways Trump's tariff on Mexico and Canada would impact Michigan

Trump's tariffs could have lasting impact on Michigan in multiple ways and it's more than just the auto industry.

February 3, 2025 4:49pm EST
Car insurance prices jumped most for these states in 2024

Car insurance prices jumped most for these states in 2024

Car insurance rates increased by an average of 15% last year. Here’s which states saw the biggest jump, and why.

February 3, 2025 12:27pm EST
Tariffs could cause 'some pain' for Americans, Trump says

Tariffs could cause 'some pain' for Americans, Trump says

President Donald Trump insists tariffs on our closest neighbors are needed to “protect Americans," but he conceded Sunday that they might also cause “some pain."

February 2, 2025 1:12pm EST
Trump tariffs latest: China to file lawsuit for 'wrongful practices of US'

Trump tariffs latest: China to file lawsuit for 'wrongful practices of US'

Trump argues the tariffs are necessary to “protect Americans” and to curb the export of fentanyl. But for our North American neighbors, the move sparked an undeniable sense of betrayal.

February 2, 2025 9:48am EST
Trump signs tariff order; Mexico and Canada retaliate

Trump signs tariff order; Mexico and Canada retaliate

Hours after President Trump signed the order Saturday, Mexican President Claudia Sheinbaum ordered retaliatory tariffs. Here's what to know.

February 1, 2025 9:53pm EST
Trump tariffs on Mexico, Canada and China will start Saturday, WH says

Trump tariffs on Mexico, Canada and China will start Saturday, WH says

Experts say the tariffs, which begin Feb. 1, are like launching “a grenade" into the economy.

January 31, 2025 5:14pm EST
10 things that could cost more under new tariffs

10 things that could cost more under new tariffs

A 25% tariff on imports from Canada and Mexico, plus additional tariffs on China, could drive up prices on everything from gas and groceries to smartphones and cars.

January 31, 2025 3:51pm EST
Where's my refund? How to track your IRS tax return

Where's my refund? How to track your IRS tax return

It’s officially tax season, and Americans can start checking the status of their refunds within 24 hours after an e-filed return is received.

January 31, 2025 10:08am EST
US tariffs on Canada and Mexico begin Saturday—what it means for gas prices

US tariffs on Canada and Mexico begin Saturday—what it means for gas prices

President Donald Trump’s 25% tariffs on Canada and Mexico begin Saturday, but he hasn’t decided whether to include oil imports— a move that could affect gas prices despite his pledge to cut energy costs.

January 30, 2025 6:33pm EST
Did Trump freeze food stamps (SNAP), Social Security, Medicare, and Medicaid?

Did Trump freeze food stamps (SNAP), Social Security, Medicare, and Medicaid?

A federal judge temporarily blocked President Donald Trump's attempt to pause funding for federal grants and loans. But are food stamps (SNAP), Social Security, Medicare, and Medicaid safe?

January 29, 2025 5:45pm EST
Michigan entrepreneur contest leverages 'Shark Tank' competition style

Michigan entrepreneur contest leverages 'Shark Tank' competition style

Vital feedback, key experience, and even possibly prize money await those entering the annual Global Student Entrepreneur Awards, whose annual competition has helped refine good ideas and the brains behind them.

January 29, 2025 5:39pm EST
Order to pause federal funding creates confusion, questioned by Detroit school superintendent

Order to pause federal funding creates confusion, questioned by Detroit school superintendent

“How does ‘pausing’ federal funding for school meals for disadvantaged children or programming for special needs children make America great again?” the superintendent posted on social media.

January 29, 2025 5:32pm EST
General Motors announces record profit-sharing bonus amid workforce cuts

General Motors announces record profit-sharing bonus amid workforce cuts

2024 was a big year for General Motors, which the automaker announced may lead to an increase in money for its union workers.

January 28, 2025 8:41pm EST
Have you committed financial infidelity? You're not alone

Have you committed financial infidelity? You're not alone

Forty percent of U.S. adults who are in committed relationships admitted to committing some form of financial infidelity against their significant other, according to a recent survey. 

January 27, 2025 3:54pm EST
2024 tax filing: How to Direct File, 1099-K reportings, and other things to know

2024 tax filing: How to Direct File, 1099-K reportings, and other things to know

Here are key dates and important things to know about this year’s tax filing season.

January 27, 2025 6:00am EST
Could you handle a $1,000 emergency expense? Report says most Americans can't

Could you handle a $1,000 emergency expense? Report says most Americans can't

A Bankrate survey reveals most Americans struggle to afford a $1,000 emergency expense, highlighting the financial strain caused by inflation and high interest rates.

January 23, 2025 9:40pm EST
Michigan's tipped wage law: House passes bill to stop raises, limit paid sick time

Michigan's tipped wage law: House passes bill to stop raises, limit paid sick time

The Michigan House of Representatives has passed a bill to block the state's minimum wage for tipped workers from into effect, while also attempting to limit paid sick time for those same workers.

January 23, 2025 5:23pm EST
Here’s how far your paycheck goes in America's major cities in 2025

Here’s how far your paycheck goes in America's major cities in 2025

Bankrate’s recent analysis of cost-of-living data from the Bureau of Economic Analysis reveals that relocating for a job may not always lead to the expected increase in purchasing power.

January 22, 2025 1:27pm EST
Trump launches meme coin ahead of inauguration

Trump launches meme coin ahead of inauguration

$TRUMP coins, a new Trump-backed cryptocurrency token, show an image of Trump following his assassination attempt.

January 18, 2025 4:24pm EST
Lions-Commanders playoff game estimated to make $64M impact for Detroit

Lions-Commanders playoff game estimated to make $64M impact for Detroit

The projection also factors in the Pistons game that day at Little Caesars Arena and the Detroit Auto Show at Huntington Place, which means higher foot traffic.

January 16, 2025 11:35pm EST
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Hyperbaric chamber explosion: No charging decision by judge in 5-year-old's death

Hyperbaric chamber explosion: No charging decision by judge in 5-year-old's death

Metro Detroit father accused of murdering his three children appears in court

Metro Detroit father accused of murdering his three children appears in court

Michigan lawmakers propose cutting property taxes for people who don't use public schools

Michigan lawmakers propose cutting property taxes for people who don't use public schools

Domestic violence caught on camera leads to arrest in Oakland County

Domestic violence caught on camera leads to arrest in Oakland County

Two dead after double shooting on Fenton Street in Detroit

Two dead after double shooting on Fenton Street in Detroit

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Macomb flooding mystery solved after crews discover sandbags beneath culvert

Sandbags walls behind horrible flooding in Macomb County, officials say

Luke Air Force Base lockdown lifted after reports of active shooter incident

Luke Air Force Base lockdown lifted

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

DTE gets approval for data center in Saline Township

DTE gets approval for data center in Saline Township

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

Missing Kentucky girl, who was abducted 40 years ago, found alive; Mom arrested in Florida, deputies say

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