Thursday 18 July 2013

Click On Detroit's Midday Market Report

Business Headlines

NYSE floor file 3
Emmanuel Tambakakis/CNN

Dow, S&P 500 hit record highs

Investors pushed the Dow and S&P 500 to new trading highs Thursday, as they welcomed a batch of strong earnings and a drop in jobless claims.

The Dow Jones industrial average gained more than 100 points, or 0.7%, while the S&P 500 also rose 0.7%, to ...

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Bank of America
John Coughlin/CNNMoney

Big banks, U.S. Treasury stage mega-cyberattack drill

Beginning at about 9 a.m. ET Thursday, the country's largest financial institutions will endure a large-scale coordinated cyberattack, the likes of which we've never seen.

Good thing it's just a drill.

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Unemployment benefits
KLH49/iStock

Jobless claims fall

First-time claims for unemployment benefits fell last week, but the drop is more likely due to seasonal adjustments, rather than improvement in the job market.

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For sale signs 2
flickr.com/photos/thetruthabout/

Higher mortgage rates won't hurt recovery, Fannie finds

If history is any indication, the recent spike in mortgage rates is going to have little to no impact on home prices, according to a new report from Fannie Mae.

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Oil pump
Tracy Sabo/CNN

Falling oil prices could spark global turmoil

Falling oil prices can have a lot of benefits. They put money into consumers' pockets. They cut trade deficits. They make it cheaper for businesses to sell stuff.

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Filling up car with gas
Chris Stewart/CNN

Why gas prices are likely to keep climbing

Gas prices are significantly higher and likely to go higher still, which could make this the most expensive summer at the pump in five years.

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Latest Video

Pumping gas
Ferre Dollar/CNN

Budgeting for higher gas prices

Higher gas prices are not just a seasonal trend. They could be here to stay, so learn how to budget for them.

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Ruth to the Rescue: Meijer warns customers of fuel mix-up

Fuel mix-up is causing contaminated fuel problems for some Meijer customers.

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Paycheck, check, payroll
iStock

Worker pay set to rise in 2014

You could be getting a raise next year, but it might not be as much as you think you deserve.

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Extras

Golf ball on edge of hole
iStockPhoto / sculpies

Golf guide: The British Open

This weekend is the British Open. Are you looking to learn more about the game of golf? Use our interactive golf calculator to price out what it would cost to start golfing. If you have time, take a tour of the best golf courses in the U.S. and learn about some of the PGA?s biggest tournaments.

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On Local 4 News

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Local mom found person who could save her life

Tonight at 11 p.m. - This local mom has been on a mission to find the one person that could save her life -- and she did!  See how.

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