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.
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Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
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.
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.
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.
It is not yet known how much more consumers will pay for nearly everything they buy. Jermont Terry reports from Abt Electronics in Glenview, where consumers are left what the tariffs will mean for their purchases in the future.
Krishnamoorthi said the tariffs amount to a tax on working families. He talked with Marie Saavedra on Thursday.
Jeep-maker Stellantis is idling production at plants in Canada and Mexico and will temporarily lay off 900 workers in the Midwest.
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.
In response to the tariffs President Trump announced on his so-called “Liberation Day,” stocks plunged after hours. Erica Brown has new reaction at the White House.
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."
Reciprocal tariffs — a tax or trade restriction that one country places on another in response to similar actions taken by that country — were the main headline. Political Reporter Chris Tye breaks it down.
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.
President Trump has called Wednesday "Liberation Day," when he plans to impose tariffs on a wide number of products being imported into America. The president said the tariffs will raise revenue and incentivize companies to build in the U.S., but critics worry the tariffs will hurt Americans.
Stocks tumbled and Wall Street braced for President Donald Trump to announce a fresh round of tariffs on April 2, which he has labeled "Liberation Day," and which are expected to cripple economic growth and reignite inflation.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
The president is set to announce the reciprocal tariffs during a rose garden event on Wednesday and that's just one part of new trade policies taking effect this week.
CBS’s Natalie Brand reports it comes as a new CBS news poll shows more than half of Americans believe the president is not focusing enough on lowering prices.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
The sprawling 20-acre campus in Jackson Park, just blocks from the lake, includes buildings, gardens, playgrounds, and a 225-foot museum tower.
Pope Leo addressed the crowd standing in the cold and rain at Saint Peter's Square ahead of celebrating the first Christmas mass of his papacy.
From his hospital room at Mt. Sinai Hospital, Gilkey talked about his recovery and his fear of getting back on the CTA again.
Police said they believe he might have been experiencing a medical issue at the time of the crash.
Police said an unknown man pushed a woman into her vehicle and attempted to pull her pants down.
Pope Leo XIV has revealed he privately urged Gov. JB Pritzker not to sign a bill legalizing medical assistance in dying in Illinois.
President Trump invoked a law called Title 10 to bring members of the Illinois National Guard under federal service over the objections of state and local leaders.
A host of new laws in Illinois will take effect on Jan. 1, 2026. From gun safety to rogue towers, protection from squatters, medical assistance in dying, protections for immigrants and more, here are some of the most notable changes in the new year.
Mayor Brandon Johnson on Tuesday declined to veto a $16.6 billion spending plan passed by his rivals on the City Council, allowing it to go into effect without his signature.
The U.S. Department of Justice is suing Illinois Gov. JB Pritzker and Attorney General Kwame Raoul over a state law restricting immigration arrests.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
With less than two weeks until Christmas, if you're sending gifts to people far from home, the deadlines to get them there on time are fast approaching.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Why is one school in the west Chicago suburb of Lisle paying a water bill three times higher than another? The answer has to do with a private utility company.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
It's the holiday season, which means it's the most common time of year for norovirus to spread. Here's what you need to know about this winter stomach bug.
A study conducted in part by Chicago's Northwestern Medicine found that tanning beds not only triple the risk of melanoma, but can also damage DNA across nearly the whole skin surface.
An investigation into the case of a Michigan man who contracted rabies after an organ transplant provided more details on the infection's origin.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
The Chicago Bears are expanding their search for a new stadium to Northwest Indiana, even though they already own land in Arlington Heights and have also proposed a new lakefront stadium in Chicago.
A Culver's is coming to Chicago's South Loop, a real estate broker has confirmed.
A new vision for passenger rail is on track in southeastern Wisconsin. The MARK Passenger Rail Commission held its inaugural meeting on December 5, 2025, at Racine City Hall.
U.S. Steel says it'll resume making steel slabs at its Granite City Works plant in Illinois amid strengthening demand.
Traffic at O'Hare International Airport is growing faster than expected, and this has Chicago city leaders wanting to make big changes to future construction plans at the airport.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Chicago's Cadillac Palace Theatre is hosting "The Phantom of the Opera," and staff offered a firsthand look at the iconic chandelier inside the theater this week.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
They have 621 trees, filling their entire house, even the bathroom.
Areas of fog, with cloudy skies overnight and temperatures settling into the upper 30s to low 40s.
The world-renowned institution is expected to attract nearly 800,000 visitors a year.
Authorities are especially concerned about neighborhoods burned by wildfires last January and urged residents onTuesday to evacuate.
Chicago Catholics attending Christmas mass at Holy Name Cathedral downtown said they are filled with pride seeing Pope Leo XIV leading the church.
From his hospital room at Mt. Sinai Hospital, Gilkey talked about his recovery and his fear of getting back on the CTA again.
The sprawling 20-acre campus in Jackson Park, just blocks from the lake, includes buildings, gardens, playgrounds, and a 225-foot museum tower.
NORAD, the North American Aerospace Defense Command, tracks Santa's Christmas Eve flight around the world each year. Follow a live map of the tracker here.
Pope Leo addressed the crowd standing in the cold and rain at Saint Peter's Square ahead of celebrating the first Christmas mass of his papacy.
Police said they believe he might have been experiencing a medical issue at the time of the crash.
Cameras not working, video evidence missed by police and a psychic that leads a hit and run victim's son to a clue that changes the case
Some Chicago area hospitals are at risk of significant flooding both in and around the buildings, according to new KFF Health News/Fathom models.
Lawmakers in Springfield are looking to address the high water bills being reported in some suburbs from customers of Illinois American Water.
Electric bills in the Chicago area could go up as much as $70 in the next three years because of data centers, according to the Citizens Utility Board.
Advocates and legislators are seeking solutions and and accountability for a pattern of Chicago police arresting Black gun owners on firearms charges despite valid FOID and CCL licenses.
As the 11-4 Chicago Bears prepare for their Sunday night matchup with the 11-4 San Francisco 49ers, one player earned an extra Christmas present from the league thanks to his impressive performance against the Green Bay Packers.
Travis Konecny scored and added his 300th career assist, leading the Philadelphia Flyers past the Blackhawks 3-1 and handing depleted Chicago its sixth straight loss.
The Bulls trailed 117-107 but closed the game on a 19-6 run.
Three Chicago Bears players have been named to the 2026 NFC Pro Bowl roster: safety Kevin Byard III, center Drew Dalman, and left guard Joe Thuney.
Murakami, or "Mune" as he likes to be called, was introduced on Monday on the South Side after signing a two-year, $34-million contract.
A woman was released on electronic monitoring Wednesday after authorities said she drove drunk and caused a crash that injured a family of four in Lombard, Illinois.
Multiple cars were broken into this week in Chicago's Lincoln Park neighborhood.
Four women have been charged with leading police on a high-speed chase after stealing from a retail store in the west Chicago suburb of Villa Park.
A woman has been charged with attacking four people at a CTA bus stop in the Lawndale neighborhood, including a woman she allegedly slashed with a broken beer bottle after threatening that woman's mother.
Three teens have been charged with sexually assaulting a classmate this past summer at a graduation party for St. Viator High School students.
