Stock market rout deepens as Dow plunges more than 2,200 points
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Watch CBS News
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
The crowd couldn't fit into Daley Plaza, so hundreds had to stand in the middle of neighboring streets as they protested President Trump and billionaire White House senior adviser Elon Musk.
Hundreds of "Hands Off" protests were held around the country, taking aim at the Trump administration's cuts to the federal workforce, immigration policies, tariffs, and more.
The White House says a message telling thousands of Ukrainian refugees to immediately leave the U.S. was a mistake.
Thousands gathered and marched in downtown Chicago on Saturday, at just one of hundreds of "Hands Off!" protests around the world targeting President Trump and his administration. The rally at Daley Plaza was the biggest protest in Chicago since President Trump took office.
President Trump is playing golf and getting ready for a new week after a busy one that brought new global tariffs and a fierce stock market reaction.
Thousands of protesters packed Daley Plaza on Saturday, staging the biggest protest in Chicago since President Trump took office.
According to an internal email, three-quarters of the positions in the IRS Office of Civil Rights and Compliance will be eliminated.
As President Trump demands that the U.S. regain control of the waterway, Hegseth will meet with Panama’s leaders next week.
Stocks plummeted on Wall Street for the second day in a row, after China issued retaliatory tariff on the U.S. in response to President Trump’s sweeping new tariffs on foreign imports. The uncertainty is fueling fears of inflation and a possible recession.
If you frequently shop on Shein or Temu, be prepared to pay more after President Trump eliminated a trade loophole allowing the retailers to avoid import taxes on packages under $800. Starting May 2, Shein and Temu goods will face a tax rate of 30% of their value or $25 per item.
Stocks suffered their worst crisis since COVID in March 2020, as the Dow Jones plunged more than 2,200 points on Friday, over concerns about the fallout from President Trump’s tariffs. The NASDAQ and S&P lost nearly 6 percent. Posting on social media as he went golfing, the president called this “a great time to get rich.” But in a rare move, President Trump is calling on the Federal Reserve to cut interest rates. Fed chairman Jerome Powell warned on Friday that tariffs could do long-term harm to the economy.
China announced Friday it will hit the U.S. with a 34% across the board tariff on U.S. goods next week as the Trump administration's new reciprocal tariffs are set to take effect.
As Jarred Hill reports, the White House continues to promise the long-term gain will be worth it.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
It is not yet known how much more consumers will pay for nearly everything they buy.
President Trump’s sweeping tariff plan sent shockwaves through Wall Street, with the Dow Jones dropping more than 1,000 points in the first 30 seconds of trading on Thursday, fueling fears of a recession.
The Dow Jones Industrial Average plunged over 1,400 points, or 3.5%, shortly after stock market trading opened Thursday in the wake of President Donald Trump announcing sweeping global tariffs Wednesday.
U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.
President trump's new tariffs against more than 60 countries sent markets tumbling this morning in Asia. Top European union officials are calling them a "major blow" to the global economy.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."
President Trump is set to unveil his new tariffs plan on Wednesday, targeting a broad range of countries that tax U.S. goods, to be imposed immediately upon his announcement at the White House.
Former Joliet Bishop Ronald Hicks was installed on Friday as the new Archbishop of New York in a ceremony at St. Patrick's Cathedral in Midtown Manhattan.
Two west suburban high schools have something extra to celebrate Sunday, when alumni from their schools make their Super Bowl debuts.
Illinois State Police have arrested a man in connection with a hit-and-run crash on the Edens Expressway earlier this week.
A South Side community came together on Friday, hoping for justice after a woman was shot and killed while her baby was in the back seat of their car earlier this week.
A pedestrian was struck and killed by a Metra UP-NW train Friday afternoon, resulting in residual delays during the evening rush.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
The FBI has arrested "one of the key participants" behind the attack on U.S. facilities in Benghazi, Libya, in 2012 that killed four Americans.
A new push to pass a GOP elections bill known as the SAVE America Act is underway in Congress, but Democrats warn the proposal could disenfranchise millions of eligible voters.
As immigration sweeps expand nationwide, the work of justifying detentions is overwhelming federal prosecutors, who are being forced to sideline a range of other cases in order to keep pace.
Marimar Martinez, the Chicago woman shot five times by a Border Patrol agent in October, plans to attend President Trump's State of the Union address to Congress later this month, according to her attorney.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
A Near West Side diner known for drawing in Blackhawks fans and players is up for sale.
January may be the coldest time of the year, but Chicago is already looking forward to summer farmers' markets.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
WSCR-AM, 670 The Score, will begin a simulcast on 104.3 FM next month.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
The members of Ratboys were teenagers when they met by chance, and now in their 30s, the Chicago band formed by two college friends almost two decades ago appears to be on the brink of something big.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The 2026 Grammy Awards recognized the best of the best in music from last year, with big wins for Kendrick Lamar and Bad Bunny. Here's the full list of winners and nominees.
Former Joliet Bishop Ronald Hicks was installed on Friday as the new Archbishop of New York in a ceremony at St. Patrick's Cathedral in Midtown Manhattan.
The White House has removed a racist social media post shared by President Donald Trump on social media, that included footage depicting former President Barack Obama and former First Lady Michelle Obama as apes. Editor's note: This video contains offensive imagery.
Illinois State Police have arrested a man in connection with a hit-and-run crash on the Edens Expressway earlier this week.
Bitter cold overnight. Lows around 11 degrees.
Two Chicago police officers were injured when their squad car crashed into a barrier in Jefferson Park Thursday night.
Chicago police are investigating after a woman was found dead with a gunshot wound in a West Ridge apartment.
A federal judge in Chicago has ruled key evidence in the Marimar Martinez shooting, including bodycam video and text messages, can be released.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
Former Joliet Bishop Ronald Hicks was installed on Friday as the new Archbishop of New York in a ceremony at St. Patrick's Cathedral in Midtown Manhattan.
Two west suburban high schools have something extra to celebrate Sunday, when alumni from their schools make their Super Bowl debuts.
Cynthia Eason recounted the moment Chicago police officers raided her family's home in 2018.
Water bills could be going up in several Chicago suburbs and other parts of Illinois, as Illinois American Water seeks a rate increase to fund infrastructure improvements.
The case involves a Chicago grandmother, her daughter, and her four grandchildren, who all said that Chicago police officers pointed guns at them during the botched raid.
Former Mayor Rahm Emanuel no longer will have to testify about an alleged "code of silence" at the Chicago Police Department, after a federal judge reversed an earlier ruling that would have allowed him to take the stand in a lawsuit over a botched police raid.
John H. Stroger Jr. Hospital of Cook County, the busiest trauma center in Illinois, is sounding an alarm, as doctors brace for an influx of patients because of federal funding cuts under the Trump administration's "One Big Beautiful Bill Act."
Two west suburban high schools have something extra to celebrate Sunday, when alumni from their schools make their Super Bowl debuts.
The 2026 Milano Cortina Winter Olympics are underway after the lighting of the Olympic cauldrons and the Parade of Nations at the opening ceremony.
Caleb Williams certainly had plenty of big throws to celebrate in 2025, but it wasn't hard to pick his most memorable one after he launched a 46-yard touchdown pass to DJ Moore to beat the Packers in overtime in Week 16.
Brandon Ingram scored 33 points, Immanuel Quickley had 24 and the Toronto Raptors beat the new-look Chicago Bulls 123-107.
Chicago Bears guard Joe Thuney was named the NFL's top offensive lineman of 2025 on Thursday, winning the inaugural Protector of the Year Award.
A South Side community came together on Friday, hoping for justice after a woman was shot and killed while her baby was in the back seat of their car earlier this week.
A Chicago city employee was found shot to death Friday morning inside an apartment in the West Ridge neighborhood.
Actor Timothy Busfield has been indicted on four counts of criminal sexual contact of a child, officials said Friday.
A burglary crew smashed into a restaurant in Chicago's southwest suburbs, leaving the owner cleaning up a big and frustrating mess.
Six months after a well-known charter boat captain was found dead at DuSable Harbor in downtown Chicago, a man has been charged with his murder.