Investors suffered their worst first half of a year since 1970
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Stock Market
S&P 500 fends off bear market at the end of another brutal week
Stocks claw back losses after flirting with the first bear market since early 2020.
Dow dives more than 1,100 points on renewed inflation fears
S&P 500 suffers biggest one-day drop since 2020 as "stagflation" fears fuel concern about of a U.S. downturn.
Stocks trim losses as investors eye headwinds
Investors are concerned that tightening monetary policy could tip the U.S. economy into recession.
Stock Market Plummets Amidst Growing Fears Of COVID's Delta Variant
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?
Does GameStop's Soaring Stock Indicate A Possible Market Bubble?
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
Surging Stock Market Reflects 'Very Bright Outlook' For Economy, Finance Prof Says
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
Dow Jones Tops 30,000 For First Time Ever As Biden Transition Points To More Stable Future
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
What Do Election Results Mean For A Second Stimulus Package?
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Why Horrific Unemployment Numbers Made The Stock Market Rise
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
Dow Rebounds Slightly After Biggest Point Drop 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.
Dow Freefall: Coronavirus, Oil Market Fears Lead To Worst Drop Since 2008
The financial markets tumbled on coronavirus fears and a crash in oil prices.
Stocks Renew Slide On Concerns Of Severe Coronavirus Hit
Stocks are falling again on Thursday as the economic impact of the global coronavirus spread becomes clearer.
Stocks Plunge On Fears Of Escalating US-China Trade War; Worst Trading Day In 2019
Stocks plunged on Monday after the U.S. and China ratcheted up their trade war, with China letting its currency drop to an 11-year low.
Dow Soars More Than 1,000 Points, Biggest Point Gain Ever
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
Stocks Plummet After President Trump Slams The Fed
Stocks sank sharply Monday, with key U.S. indexes on track for their worst December since the 1930s.
Wall Street Rattled As Stocks Plunge 600 Points
Stock trading turned jittery again after two weeks of gains, pulling the Dow Jones Industrial Average down 600 points.
Trump Says If He's Impeached The Market Will Crash, 'Everyone Would Be Very Poor'
Democratic leaders know -- and worry about -- the power of Trump's politics of fear.
Facebook Loses $119 Billion In One Day, Setting Wall Street Record
Facebook just suffered the biggest wipeout in stock market history.
Tech Stocks Get Battered, Helping Bash Wall Street
U.S. stocks tumbled into correction mode to start off the second quarter on Monday, as technology shares got battered on worries sparked by trade concerns and tweets by President Trump and Elon Musk.
Dow Surges 669 Points As Trade War Fears Cool
The Dow surged 669 points — its third-biggest point gain in history — and had its best day in two and a half years. Investors were cheered by signs that the United States and China are talking behind the scenes to avoid a clash between the world's two biggest economies.
Dow Sheds More Than 1,100 Points In 2 Days As Trade Jitters Rock Wall Street
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.
Stocks Plunge As US Proposes Tariffs On Chinese Imports
U.S. stocks fell sharply on Thursday after President Donald Trump announced new tariffs on Chinese goods.
Stocks Plunged. That Doesn't Mean The Economy Is In Trouble.
The economy is just as strong today as it was last week. Keep that in mind as you process the Dow's breathtaking 1,175-point plunge on Monday.
CBS News Los Angeles — Watch Live 24/7
Top Stories
Man fatally shot in Chino Hills identified by authorities
Remy Navarro was located by authorities Monday morning in a breezeway near the 16300 block of Butterfield Ranch Road.
Election 2022: Sheriff Villanueva, Chief Luna face off in first debate ahead of November election
Sheriff Alex Villanueva and former Long Beach Police Chief Robert Luna debated against each other for the first time ahead of the November election.
Pacoima neighborhood tests out cool pavement aimed at keeping streets cooler
The goal: to see if the street bond substance could actually lower the temperature over the course of a year.
Mariners overcome Ohtani's 4 hits, sweep Angels 11-7
Ohtani went 4 for 5, hitting his 27th homer in the ninth after he tripled in the seventh and got two singles earlier in his latest outstanding day at the plate.
Tony Gonsolin wins 15th as Dodgers nip Brewers 2-1
After surrendering a one-run lead on Tuesday, relief pitcher Craig Kimbrel closed the door on the Brewers in the 9th inning on Wednesday.
As students head back to school, drivers urged to use caution near crosswalks
The leading cause of death for children aged 5 through 14 in LA County is traffic collisions and that is certainly a major concern as the school year gets underway.
How a bus driver shortage affects Santa Monica, Malibu students
Santa Monica and Malibu students were greeted back to the school with packed buses and longer routes as their district faces a driver shortage
Dealers rush to sell ghost guns before new rules take effect
Unserialized ghost guns will effectively be banned on Aug. 24, and retailers are scrambling to sell them.
A$AP Rocky pleads not guilty to gun charges
The rapper is accused of pointing a gun at a former friend and firing twice.
Video shows San Rafael Elementary Principal fuming about neighbors after cops were called on custodian
San Rafael Elementary Principal Rudy Ramirez was caught on a security guard's body-worn camera fuming over a call to 911 that ended with the school's custodian in handcuffs, temporarily detained by Pasadena Police.
Heat stroke sending more people to hospital this summer
A heat stroke is one of the most serious heat related illnesses that doctors see during the summertime and that has certainly been the case this year.
Long Beach dessert shop endures through attacks from vandals
A survivor of Hurricane Katrina, Kevyn Lee-Wellington isn't about to have a couple of vandals break his spirit.
Top Stories
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Man fatally shot in Chino Hills identified by authorities
Remy Navarro was located by authorities Monday morning in a breezeway near the 16300 block of Butterfield Ranch Road.
Election 2022: Sheriff Villanueva, Chief Luna face off in first debate ahead of November election
Sheriff Alex Villanueva and former Long Beach Police Chief Robert Luna debated against each other for the first time ahead of the November election.
Pacoima neighborhood tests out cool pavement aimed at keeping streets cooler
The goal: to see if the street bond substance could actually lower the temperature over the course of a year.
Mariners overcome Ohtani's 4 hits, sweep Angels 11-7
Ohtani went 4 for 5, hitting his 27th homer in the ninth after he tripled in the seventh and got two singles earlier in his latest outstanding day at the plate.
Tony Gonsolin wins 15th as Dodgers nip Brewers 2-1
After surrendering a one-run lead on Tuesday, relief pitcher Craig Kimbrel closed the door on the Brewers in the 9th inning on Wednesday.
CBS2/KCAL9 Investigations
More CBS2/KCAL9 Investigations
CBS2 Investigates: Are some celebrities using too much water amid drought restrictions?
Some A-list celebrities with multimillion dollar mansions in and around Calabasas are on a water budget like every other house in the Las Virgenes Water District, but a CBS2 investigation found that many of them have been going over their allotted amount.
CBS2 Investigates: Experts react to celebrities using excessive water amid drought restrictions
A CBS2 Investigation into some of Hollywood's biggest celebrities found many of them using more than their allotted amount of water and violating water district rules. Now, some water environmentalists are concerned.
Goldstein Investigates: Cameras catch employees throwing away food meant for the homeless
Our hidden cameras caught employees with the LA Homeless Services Authority throwing away cases of food meant to be distributed to those less fortunate.
Goldstein Investigates: Leaders demand answers after employees caught trashing food meant for homeless
LA Mayor Eric Garcetti and City Attorney Mike Feuer told CBSLA that the Los Angeles Homeless Services Authority needs to answer questions regarding CBS2's investigative report that captured video of homeless outreach workers trashing cases of food.
Advocates react to shocking video showing employees throwing away food meant for homeless
Advocates reacted to our video showing employees with the LA Homeless Services Authority throwing away cases of food meant to be distributed to the unhoused.
Los Angeles News
More Los Angeles News
Man fatally shot in Chino Hills identified by authorities
Remy Navarro was located by authorities Monday morning in a breezeway near the 16300 block of Butterfield Ranch Road.
Election 2022: Sheriff Villanueva, Chief Luna face off in first debate ahead of November election
Sheriff Alex Villanueva and former Long Beach Police Chief Robert Luna debated against each other for the first time ahead of the November election.
Pacoima neighborhood tests out cool pavement aimed at keeping streets cooler
The goal: to see if the street bond substance could actually lower the temperature over the course of a year.
Mariners overcome Ohtani's 4 hits, sweep Angels 11-7
Ohtani went 4 for 5, hitting his 27th homer in the ninth after he tripled in the seventh and got two singles earlier in his latest outstanding day at the plate.
Tony Gonsolin wins 15th as Dodgers nip Brewers 2-1
After surrendering a one-run lead on Tuesday, relief pitcher Craig Kimbrel closed the door on the Brewers in the 9th inning on Wednesday.
Orange County News
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Yorba Linda woman arrested in road rage crash that left another driver an amputee
Kaylynn Heatley was arrested Monday, several days after the Friday crash on the 91 Freeway in Corona.
Over 1 million people attended the OC Fair this year
The fair, which wrapped up on Sunday, drew 1,055,173 visitors and sold out eleven days between Jul 15 and Aug 14.
23-month-old girl struck and killed by Amazon van in Irvine
The incident, according to police, occurred just after 3:30 p.m. in an apartment community in the 300 block of Estancia.
Department of Education to forgive nearly $4 billion in loans held by students who attended ITT Technical Institute
Education officials say $3.9 billion in federal student loans held by 208,000 borrowers, including those who have not yet applied for repayment discharge, will be discharged.
Survey: 60% of renters hit with rent increases this year
And while 38% of renters did say they got a raise — that raise won't cover their increased housing costs.
Inland Empire News
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Yorba Linda woman arrested in road rage crash that left another driver an amputee
Kaylynn Heatley was arrested Monday, several days after the Friday crash on the 91 Freeway in Corona.
Algal bloom warnings issued for Lake Elsinore, Big Bear Lake
Residents were urged to stay out of the water until further notice as a particularly high presence of harmful algal blooms were detected in both Lake Elsinore and Big Bear Lake.
Department of Education to forgive nearly $4 billion in loans held by students who attended ITT Technical Institute
Education officials say $3.9 billion in federal student loans held by 208,000 borrowers, including those who have not yet applied for repayment discharge, will be discharged.
Survey: 60% of renters hit with rent increases this year
And while 38% of renters did say they got a raise — that raise won't cover their increased housing costs.
Search underway for hit-and-run driver who fatally struck man in wheelchair crossing street in San Bernardino
According to San Bernardino Police, the victim was crossing the street in a wheelchair at around 4:30 a.m. when he was struck and killed by an unknown vehicle that fled from the scene.
National News
More National News
Dealers rush to sell ghost guns before new rules take effect
Unserialized ghost guns will effectively be banned on Aug. 24, and retailers are scrambling to sell them.
Half of all Texas schools have no mental health services
Texas would need to hire more than 5,000 licensed school psychologists to meet minimum recommended ratios.
NBA won't hold games on Election Day in effort to encourage fans to vote
As part of what the league is calling a "civic engagement night," all 30 teams will instead play the night before the election.
Dr. Seuss' $19M estate hits market for first time in more than 50 years
Southern California compound once owned by children's book author Theodor Seuss Geisel is up for sale.
2 million infant swings, rockers recalled after 10-month-old dies
Some of Thorley Industries' 4moms products pose asphyxiation risk to babies big enough to crawl under their seats.
Politics
More Politics
Election 2022: Sheriff Villanueva, Chief Luna face off in first debate ahead of November election
Sheriff Alex Villanueva and former Long Beach Police Chief Robert Luna debated against each other for the first time ahead of the November election.
U.S. conducts missile launch after postponing due to China tensions
The planned test had been postponed after House Speaker Nancy Pelosi's visit to Taiwan; China reacted to the visit by announcing live-fire exercises in the waters surrounding the island.
First lady Jill Biden tests positive for COVID-19
The first lady has been vacationing in South Carolina with her family, including President Biden.
Another effort to recall LA County DA George Gascón fails
According to the county clerk's office, organizers needed 566,857 valid petition signatures but only submitted 520,050.
Trump lawyers agree to public release of Mar-a-Lago search warrant
The Justice Department asked a federal court to unseal the warrant, citing public interest in the case, and Trump said he encouraged its release.
Consumer News
More Consumer News
Department of Education to forgive nearly $4 billion in loans held by students who attended ITT Technical Institute
Education officials say $3.9 billion in federal student loans held by 208,000 borrowers, including those who have not yet applied for repayment discharge, will be discharged.
Survey: 60% of renters hit with rent increases this year
And while 38% of renters did say they got a raise — that raise won't cover their increased housing costs.
Gas prices continue to fall across Southern California
The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped to $5.394, the lowest amount since March 6.
Plans to build a "dry port" in the Mojave Desert gets backing of Kern County Board of Supervisors
Once the port is in operation, containers arriving from ships at the Ports of LA and Long Beach will be off-loaded onto shuttle trains for direct transport through the under-used Alameda Corridor to Mojave, for distribution to the rest of California and the nation.
Average price for a gallon of gas in California finally drops below $6
Despite being in the middle of the summer road trip season, demand for gasoline has dropped, helping the national average of gas prices go down by 7 cents since Monday.
Health
More Health
2 million infant swings, rockers recalled after 10-month-old dies
Some of Thorley Industries' 4moms products pose asphyxiation risk to babies big enough to crawl under their seats.
California's Universal School Meals Program draws concerns from doctors
The Universal Meals Program has drawn concerns from doctors who said that the menus do not provide adequate nutrition and instead promote weight gain.
Some Capri Sun juice pouches recalled over possible cleaning solution contamination
"Diluted cleaning solution, which is used on food processing equipment, was inadvertently introduced into a production line at one of our factories," Kraft Heinz said.
Recall of coffee, milk, nutritional drinks made by Lyons Magnus expands
Lyons Magnus is recalling more than 80 types of drinks over possible contamination with bacteria that causes botulism.
UCLA to drop indoor masking requirement on campus starting Monday
Masks will continue to be required in areas mandated by county health officials including in health care facilities and on public transportation.
Business News
More Business News
Disneyland releases new, higher prices for Magic Key passes
The theme park announced that passes will be eligible to be renewed on Thursday, August 18.
Department of Education to forgive nearly $4 billion in loans held by students who attended ITT Technical Institute
Education officials say $3.9 billion in federal student loans held by 208,000 borrowers, including those who have not yet applied for repayment discharge, will be discharged.
Survey: 60% of renters hit with rent increases this year
And while 38% of renters did say they got a raise — that raise won't cover their increased housing costs.
Gas prices continue to fall across Southern California
The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped to $5.394, the lowest amount since March 6.
Recall of coffee, milk, nutritional drinks made by Lyons Magnus expands
Lyons Magnus is recalling more than 80 types of drinks over possible contamination with bacteria that causes botulism.
Sports
More Sports
Mariners overcome Ohtani's 4 hits, sweep Angels 11-7
Ohtani went 4 for 5, hitting his 27th homer in the ninth after he tripled in the seventh and got two singles earlier in his latest outstanding day at the plate.
Tony Gonsolin wins 15th as Dodgers nip Brewers 2-1
After surrendering a one-run lead on Tuesday, relief pitcher Craig Kimbrel closed the door on the Brewers in the 9th inning on Wednesday.
Reports: Lakers ink LeBron James to two-year extension worth $97.1 milion
James, now 37, is heading into his 20th season in the NBA. The deal also includes a player option for a third year. He is now the highest-earning player in NBA history.
UC Presidents: USC. UCLA departure will cost remaining schools $13 million
The meeting was scheduled so fellow regents could hear a repot from UC President Michael Drake, who has assessed the effect that UCLA's departure from the PAC-12 to the Big Ten will have on their system.
Chargers set to extend star safety Derwin James for four years, $76.5 million
Once finalized, the extension will make James the highest-paid safety in NFL history, making more than $19 million a year.
Latest Entertainment News
More Latest Entertainment News
A$AP Rocky pleads not guilty to gun charges
The rapper is accused of pointing a gun at a former friend and firing twice.
London tribute concert to late Foo Fighters drummer Taylor Hawkins to stream live on Paramount+
The concert, which will take place at Wembley Stadium, will be available to stream live and on demand on Paramount+ in the U.S. It will also be available internationally on Pluto TV and MTV Brand YouTube channels.
'Das Boot,' 'Air Force One' director Wolfgang Petersen dies at 81
According to a representative, Petersen died from pancreatic cancer at his Brentwood home in the arms of his wife of 50 years, Maria Antoinette.
Ezra Miller seeking treatment for "complex mental health issues"
"I want to apologize to everyone that I have alarmed and upset with my past behavior," Miller said.
Sacheen Littlefeather receives apology for mistreatment at 1973 Oscars
Littlefeather was mocked when she declined Marlon Brando's Best Actor win onstage at the 1973 ceremony.
Latest Videos
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Latest Videos
Look At This: SS Lane Victory
In tonight's Look At This!, Desmond Shaw explains why the S.S. Lane Victory is one of the U.S. Navy's prized possessions. The unique ship that rests in the Los Angeles Harbor has a long history dating back to the end of World War II.
Community project looks to keep Pacoima neighborhood sidewalks cool
Summer is now starting to feel a lot different for this community near Hubert Humphrey Park thanks to street bond, a solar reflective treatment that has been added to asphalt. CBSLA's Joy Benedict reports.
Caltrans set to close eastbound lanes of 210 Freeway in Irwindale tonight for more construction
Nicole Comstock reports from Irwindale as Caltrans officials are set to close a portion of the 210 Freeway tonight, a closure that will last for up to five days as the San Gabriel River Bridge is updated.
Sheriff Villanueva, Chief Luna face off in first debate ahead of November election
Sheriff Alex Villanueva and former Long Beach Police Chief Robert Luna debated against each other for the first time ahead of the November election. Tom Wait reports.
71-year-old woman victim of violent home invasion in Beverly Grove
Rick Montanez reports from Beverly Grove where a 71-year-old woman told police she was tied up, pistol whipped and robbed by masked intruder.
Latest Galleries
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Vin Scully: Life over the years
Legendary Dodger broadcaster Vin Scully died Tuesday, August 2, at the age 94.
2022 Home Run Derby at Dodger Stadium
Eight of Major League's Baseball best hitters compete to see who can hit the most home runs in one day at Dodger Stadium.
2022 Celebrity Deaths
A gallery of the beloved celebrities who have died in 2022.
2022 BET Awards Red Carpet
Photos from the red carpet arrivals at the 2022 BET Awards at the Microsoft Theater
Daytime Emmys Red Carpet Arrivals
Kevin Frazier and Nischelle Turner host the 49th annual Daytime Emmy Awards honoring the greatest daytime shows in the country. You can watch live on CBS Friday, June 24th at 9pm
