Stock market whipsaws as Trump makes new China threat
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
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It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
Jittery investors await Trump administration's latest salvo of tariffs on key U.S. trading partners.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The Dow Jones closed down 12.94 percent Monday, the worst one-day loss in history.
Global stock markets rebounded Tuesday after President Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
The financial markets tumbled on coronavirus fears and a crash in oil prices.
The Dow Jones Industrial Average lost 357 points, or 1.4%, to 25,409.
Meanwhile, the S&P 500 is headed for its worst week since October 2008, when the financial crisis pummeled markets.
Stocks sank sharply Monday, with key U.S. indexes on track for their worst December since the 1930s.
Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.
Residents across Los Angeles are rattled by the staggering stock market plunge. The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.
Banks and airlines are nudging stocks lower Monday, while economic worries continue to weigh on markets.
New hopes that a deal would be reached for Greece to avoid defaulting on its debts sent stocks higher Tuesday. The market gave up some of its gains following a surprise drop in U.S. consumer confidence.
Stocks are mostly lower and bond yields are at a new low for the year after two reports dimmed hopes for the job market and the U.S. economy.
Stocks are opening sharply lower after warnings about the finances of several European countries reignited fears about the region's debt crisis.
Stronger earnings reports from Ford and 3M helped drive stocks higher Tuesday. The Standard & Poor's 500 index was headed for its highest close since the financial crisis.
Mixed corporate earnings reports sent stock indexes wobbling Monday.
Wall Street will focus on another full slate of corporate earnings this week as several big companies report their first-quarter performance.
Johnson & Johnson led the Dow Jones industrial average higher on Tuesday. The health-care heavyweight rose 3 percent after reporting earnings that beat Wall Street's expectations. The company also raised its full-year earnings forecast.
A warning from Standard & Poor's that the agency might lower its rating on U.S. government debt sent stocks on their steepest slide in a month Monday.
Stocks are edging higher in midday trading at the start of the last full week before the next round of corporate earnings reports begin.
Stocks plunged Tuesday and bond prices rose as the nuclear crisis in Japan intensified following a deadly earthquake and tsunami. The Dow Jones industrial average fell more than 150 points.
The Boston Celtics cruised past Los Angeles 126-105 on Friday night, with the Lakers playing without LeBron James and Luka Doncic.
Police said that the driver dragged the stroller down the block, severely injuring a 3-month-old baby and a 3-year-old toddler.
A Riverside County man was sentenced to 15 years to life in prison for selling a lethal dose of fentanyl.
A stolen vehicle pursuit ended after the suspect crashed into another car in Victorville.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Police said that the driver dragged the stroller down the block, severely injuring a 3-month-old baby and a 3-year-old toddler.
A Riverside County man was sentenced to 15 years to life in prison for selling a lethal dose of fentanyl.
A stolen vehicle pursuit ended after the suspect crashed into another car in Victorville.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Private First-Class Tanner F. Rubio was inside a tactical vehicle when a mishap occurred during routine training.
A Riverside County man was sentenced to 15 years to life in prison for selling a lethal dose of fentanyl.
Private First-Class Tanner F. Rubio was inside a tactical vehicle when a mishap occurred during routine training.
The man quickly grabbed a ladder and helped his wife, 11-year-old son and an elderly woman to safety.
Chef Sang Yoon said the bakery's final day of service will be on Dec. 14.
Crews are working to rerail the derailed cars and restore service to the train.
Mark Ahrens and his son were singing Christmas carols when a speeding Tesla slammed into their minivan.
Officials said that the marine died from injuries sustained in a tactical vehicle mishap on Wednesday afternoon.
One person was declared dead at the scene of the crash, which happened just before 3 p.m. near Heil Avenue and Goldenwest Street, police said.
Marine veteran Tom Steen, who lost both legs to an illness, thanked his neighbors for helping his family get rid of the rats infesting his Irvine home.
A pair of earthquakes shook parts of Riverside County, near Idyllwild, on Thanksgiving Day.
Police said that the driver dragged the stroller down the block, severely injuring a 3-month-old baby and a 3-year-old toddler.
A stolen vehicle pursuit ended after the suspect crashed into another car in Victorville.
The Thoroughbred holiday lights show in Rancho Cucamonga will be drive-thru only beginning on Friday.
Officials said that the marine died from injuries sustained in a tactical vehicle mishap on Wednesday afternoon.
Police say that the driver dragged the stroller down the block, severely injuring a 3-month-old baby and a 3-year-old toddler.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
LeBron James' streak of 1,297 consecutive double-digit scoring games has ended.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
California unveiled a new online portal on Wednesday for residents to report alleged misconduct by federal agents during operations to enforce immigration laws.
Democrats on the House Committee on Oversight and Government Reform released "never-before-seen" images of Jeffrey Epstein's private island.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
The Trump administration has halted all immigration applications filed by people from 19 countries, according to internal government guidance, its latest move to restrict legal immigration pathways.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
Supervisors will vote on the ordinance again in two weeks, after a review period. If approved, it would bar the sale of kratom derivatives to people under 21 in Riverside County.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
A charity that accepted donations of vehicles that would pay for breast cancer screenings for low-income patients agreed Thursday to pay a $3.8 million fine and to restrictions on future fundraising activities in 19 U.S. states, including Colorado.
The Boston Celtics cruised past Los Angeles 126-105 on Friday night, with the Lakers playing without LeBron James and Luka Doncic.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
LeBron James' streak of 1,297 consecutive double-digit scoring games has ended.
Former Angels and Rangers manager Ron Washington is returning to the Bay Area to become infield coach for the San Francisco Giants on new manager Tony Vitello's staff.
Skyy Clark hit six 3-pointers and scored 25 points, Tyler Bilodeau scored 20 of his 21 points in the second half and UCLA held on to win the Big Ten Conference opener with an 82-80 win over Washington after leading by 16 with less than five minutes to play.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Steve Cropper co-wrote several classics, including "(Sittin' on) the Dock of the Bay," "Green Onions" and "In the Midnight Hour."
Stoppard was often hailed as the greatest British playwright of his generation.
Jimmy Cliff, who famously sang about the "many rivers" we all must cross, has died after suffering a seizure and pneumonia, his family say.
CBS LA, in partnership with the California Highway Patrol, is collecting toys and gifts for this year's CHiPs for Kids drive.
CBS LA and the California Highway Patrol have teamed up for the CHiPs For Kids toy drive in Lakewood.
With families fearing immigration raids, the city of Huntington Park launched a new program to help them get groceries. Luzdelia Caballero reports.
CBS LA's Jamie Yuccas and Rina Nakano collect Christmas gifts for this week's CHiPs For Kids toy drive.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
KCAL News Anchor and three-time Emmy award-winning journalist Chauncy Glover has died.
