Stocks erase early losses as investors monitor Iran war developments
Stocks rebound after sliding in early-day trade, with investors buoyed by reports that Iran and Oman could monitor ship traffic in the Strait of Hormuz.
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Stocks rebound after sliding in early-day trade, with investors buoyed by reports that Iran and Oman could monitor ship traffic in the Strait of Hormuz.
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
U.S. financial markets rebounded after shedding more than 1,200 points in earlier trading on Tuesday.
Stocks recovered on Monday after tumbling earlier in the day over concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
Most major retailers and grocery stores will be open on New Year's Eve, although some will have reduced hours.
Most stores will remain open on Veterans Day, but services like the USPS and many banks will close.
Employers across the U.S. added just 73,000 jobs in July, a slowdown from previous months and a sign the labor market is downshifting.
Higher tariffs will be imposed on more than 60 U.S. trading partners starting next week as the Trump administration passed their self-imposed deadline.
President Trump threatened to impose a fresh round of tariffs Friday morning, including a 25% tariff on Apple if they do not shift some of their iPhone production to the U.S.
Cummings, chief of staff at Stanford Institute for Economic Policy Research, reacts to the happenings in the stock market and why people should care about what they’re seeing.
As the stock market continues to plunge following President Trump's newest announced tariffs, many Americans are seeing their retirement savings, particularly in 401(k) plans, take a hit.
Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.
The sweeping tariffs on goods from countries around the world set off the worst two-day Wall Street sell-off in five years.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
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.
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.
As the stock market recoiled from Pres. Donald Trump's announcement of reciprocal tariffs on what he called "Liberation Day," many average Americans feared for the cost of goods, their retirement savings, and the economy. So what do these tariffs mean for you and your wallet?
The Dow Jones Industrial Average dropped over 1,600 points Thursday while the Nasdaq sank more than 1,000 points as the stock market recoiled from President Donald Trump's announcement of reciprocal tariffs worldwide.
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.
The Chicago Sky have acquired Rickea Jackson from the Los Angeles Sparks in a trade for Ariel Atkins.
April is Parkinson's awareness month, and Bill Bucklew is a shining example of what's possible with the condition.
Chicago police on Sunday were investigating a shooting in the Back of the Yards neighborhood involving a teen riding a scooter.
A man was arrested and charged after the vehicles of several Chicago firefighters were damaged at multiple locations on Chicago's South Side.
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Starting in December, eligible men in the U.S. will be automatically registered for the military draft.
An attorney for ex-Illinois House Speaker Michael Madigan argued to the 7th Circuit Court of Appeals on Thursday that the former Democratic power broker's conviction on bribery and other corruption charges should be overturned.
Pope Leo XIV on Thursday met with David Axelrod, a longtime Democratic strategist and former senior advisor to former President Barack Obama.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
Mozart's "Don Giovanni," the local premiere of the 2022 opera "Omar," and a fresh production of "Guys and Dolls" are among the highlights of the 2026-2027 season for Chicago's Lyric Opera.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
Jackie Kostek has some pictures of the striking flowers at Old St. Pat’s Church, and Mary Kay Kleist looks back 11 years to the Rochelle-Fairdale tornado.
April is Parkinson’s awareness month, and Bill Bucklew is a shining example of what’s possible with the condition. In his latest upcoming adventure, Bucklew will cycle most of the length of the historic Route 66. He joins Jackie Kostek.
Chicago police on Sunday were investigating a shooting in the Back of the Yards neighborhood involving a teen riding a scooter.
Meteorologist Mary Kay Kleist has your 7 a.m. First Alert Weather forecast for Sunday, April 12, 2026.
A driver was arrested early Sunday after Chicago police said he caused a crash involving a squad car in the city’s West Garfield Park neighborhood.
A woman shot and wounded three men early Sunday on busy Irving Park Road in the Chicago neighborhood of the same name.
Chicago police early Sunday were investigating a shooting that left a woman dead in the Auburn Gresham neighborhood.
Divers pulled a person from the water after a car was found submerged in a creek in Morris, Illinois, southwest of Chicago. The person later died.
A man was arrested and charged after the vehicles of several Chicago firefighters were damaged at multiple locations on Chicago's South Side.
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
New proposed Illinois legislation would allow renters or people who can't install massive rooftop panels to also harness the power of the sun.
When a rusty light pole snapped and fell on a woman's car in Bucktown, causing thousands of dollars in damage, she thought the city would pay for it. She was wrong.
Financial exploitation is the leading type of elder abuse in Illinois. One Streamwood woman learned that personally, when her brother took hundreds of thousands of dollars from their parents' financial accounts.
One year after a teenage girl was shot outside her home in Country Club Hills, Illinois, and was told she would never walk again, she continued to defy the odds and reclaim her independence.
A Morgan Park family is still in shock after a staggering 300% spike in their latest property tax bill, and the man poised to take over as Cook County Assessor at the end of the year says it's an error he wants to make sure doesn't happen again.
The Chicago Sky have acquired Rickea Jackson from the Los Angeles Sparks in a trade for Ariel Atkins.
Blackhawks forward Frank Nazar left in the second period after he was hit in the face by a puck.
Chicago threatened in the first inning when Andrew Benintendi doubled with two outs before Colson Montgomery flew out to end the inning.
Pirates starter Braxton Ashcraft struck out a career-best nine in five innings while allowing a run on Hoerner's fifth-inning RBI groundout, which cut the Cubs' deficit to 3-1.
Franz Wagner scored 25 points, Jamal Cain added 20 and the Orlando Magic remained in the running to avoid the play-in tournament by beating the Chicago Bulls 127-103.
Chicago police on Sunday were investigating a shooting in the Back of the Yards neighborhood involving a teen riding a scooter.
A man was arrested and charged after the vehicles of several Chicago firefighters were damaged at multiple locations on Chicago's South Side.
Chicago police early Sunday were investigating a shooting that left a woman dead in the Auburn Gresham neighborhood.
A woman shot and wounded three men early Sunday on busy Irving Park Road in the Chicago neighborhood of the same name.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
