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.
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The financial markets tumbled on coronavirus fears and a crash in oil prices.
Stocks are falling again on Thursday as the economic impact of the global coronavirus spread becomes clearer.
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.
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
Stocks sank sharply Monday, with key U.S. indexes on track for their worst December since the 1930s.
Stock trading turned jittery again after two weeks of gains, pulling the Dow Jones Industrial Average down 600 points.
Democratic leaders know -- and worry about -- the power of Trump's politics of fear.
Facebook just suffered the biggest wipeout in stock market history.
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.
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.
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.
U.S. stocks fell sharply on Thursday after President Donald Trump announced new tariffs on Chinese goods.
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.
Seven trading days. That's how long it took the Dow to rocket from 25,000 to 26,000.
This stock market doesn't obey speed limits. It just blasted through another barrier: Dow 25,000, barely a month after it cracked 24,000 for the first time.
Twitter's stock prices jumped Friday morning after former Microsoft CEO Steve Ballmer announced he owns four percent of the company.
Financial experts say people who watched in horror as the Dow Jones Industrial average drop more than 1,000 points Monday morning should stay calm and not panic – a hasty move now could cause permanent damage later.
The place where you can buy handmade dresses and crocheted dog costumes has a new hot seller: its own stock.
The Associated Press news agency suspended its Twitter account Tuesday after it was hacked into.
Friday is the big day.
The debt crisis in Greece is sending the stock market on a roller coaster. So, how will it affect our economy?
Wall Street is wrapping up a shaky week of investing and Michael Gardner of Wedbush visited the KCAL 9 studios to give viewers financial advice.
Dr.Larry Harris, Fred V. Keenan Chair in Finance at the USC Marshall School of Business, visited the KCAL 9 studios Thursday to talk about the recent decline in the stock market.
Local investors are especially busy this week as they brace for continued economic uncertainty.
Many Southern California communities experienced nearly 1 inch of rainfall overnight.
CBS LA has also issued a Next Traffic Alert to warn drivers about the impact on their commute.
The Federal Aviation Administration changed course and said flights would resume after halting all air traffic into and out of El Paso.
Victor Wembanyama scored 37 of his season high-tying 40 points in the first half and the San Antonio Spurs beat the short-handed Los Angeles Lakers 136-108 for their fifth straight victory.
Newport Beach city leaders are set to implement stiffer fines and add extra police to crack down on the spring break partiers this year after receiving complaints of underage drinking and unruly parties from residents.
Many Southern California communities experienced nearly 1 inch of rainfall overnight.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing on Feb. 1 and ransom notes were being investigated.
CBS LA has also issued a Next Traffic Alert to warn drivers about the impact on their commute.
The Federal Aviation Administration changed course and said flights would resume after halting all air traffic into and out of El Paso.
Newport Beach city leaders are set to implement stiffer fines and add extra police to crack down on the spring break partiers this year after receiving complaints of underage drinking and unruly parties from residents.
CBS LA has also issued a Next Traffic Alert to warn drivers about the impact on their commute.
Mario Edgardo Garcia-Aquino, 43, was charged with a missing teen's murder in 2025. He now faces nine child sexual abuse charges.
The Los Angeles County Board of Supervisors unanimously approved a motion to further evaluate additional temporary housing options for residents who were displaced by the Eaton Fire.
Police arrested a man allegedly tied to a string of bronze plaque thefts in four Orange County cities.
A Ventura County man was sentenced to 118 years to life in prison for decades of sexual abuse and rape of multiple victims dating back to the 1990s, according to prosecutors.
Newport Beach city leaders are set to implement stiffer fines and add extra police to crack down on the spring break partiers this year after receiving complaints of underage drinking and unruly parties from residents.
Police arrested a man allegedly tied to a string of bronze plaque thefts in four Orange County cities.
An Orange County woman wound up in the middle of the romance scam that has cost another woman at least $100,000.
A beloved Los Angeles taco shop, an Orange County boy being gifted a Grammy and a Southern California couple getting married on sports' biggest stage were among the ties connecting the Super Bowl halftime show to The Southland.
Showers are expected to hit most of Southern California on Tuesday afternoon.
An Orange County woman wound up in the middle of the romance scam that has cost another woman at least $100,000.
A Southern California man who was "acting as an illegal agent of the People's Republic of China" while working as a political advisor for a San Bernardino County politician was sentenced to four years in prison on Monday, according to the U.S. Department of Justice.
A beloved Los Angeles taco shop, an Orange County boy being gifted a Grammy and a Southern California couple getting married on sports' biggest stage were among the ties connecting the Super Bowl halftime show to The Southland.
Showers are expected to hit most of Southern California on Tuesday afternoon.
A Chino family is demanding answers after their Nicaraguan mother, who was awaiting an outcome in her asylum case, was detained by federal immigration agents in January.
The Federal Aviation Administration changed course and said flights would resume after halting all air traffic into and out of El Paso.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing on Feb. 1 and ransom notes were being investigated.
A 14-year-old girl said she was "crying" and "struggling to breathe" when law enforcement officers herded her onto a racetrack with other detainees and zip-tied her hands.
FBI Director Kash Patel posted videos of a person outside the home of Nancy Guthrie, the mother of Savannah Guthrie, on the morning of her disappearance.
Ben Ogden of Team USA won the silver medal in the cross-country sprint Tuesday at the Winter Olympics in Italy.
A federal grand jury refused to indict six Democrats who drew President Trump's ire by taping a video telling members of the military that they must reject "illegal orders," three sources told CBS News.
A 14-year-old girl said she was "crying" and "struggling to breathe" when law enforcement officers herded her onto a racetrack with other detainees and zip-tied her hands.
Democratic leaders a say White House proposal doesn't make the grade as they demand new restrictions on ICE and threaten a shutdown of the Homeland Security Department.
The Los Angeles County Board of Supervisors on Tuesday will consider a motion that would increase the sales tax by a half-cent in order to cover the massive healthcare funding cuts made by the Trump administration.
As the deadline approaches for Gov. Gavin Newsom's executive order mandating California state workers return to in-person work four days a week, there is a new bipartisan effort to change state law and allow the current telework structure to continue.
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.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
Health officials said that the traveler arrived at LAX's Tom Bradley International Airport Terminal on a Viva Aerobus Flight on Jan. 26.
Orange County health officials have confirmed their second measles case of 2026 in an international traveler who arrived in California at Los Angeles International Airport before visiting Disneyland and California Adventure last week.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
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.
Victor Wembanyama scored 37 of his season high-tying 40 points in the first half and the San Antonio Spurs beat the short-handed Los Angeles Lakers 136-108 for their fifth straight victory.
Kevin Durant scored 26 points and Alperen Sengun added 22 to help the Houston Rockets to a 102-95 victory over the Los Angeles Clippers.
Right tackle Rob Havenstein is retiring after an 11-year career with the Rams.
Ben Ogden of Team USA won the silver medal in the cross-country sprint Tuesday at the Winter Olympics in Italy.
The Oklahoma City Thunder snapped their two-game skid with a 119-110 victory over the Los Angeles Lakers.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Reactions poured in when Bad Bunny was named Super Bowl halftime headliner, with some praising and others criticizing the choice.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
Early Wednesday morning, a tree knocked over power lines, leaving a Sherman Oaks neighborhood without power.
Scattered showers will linger across Southern California on Wednesday morning. Conditions will be dry by Thursday before another storm rolls in over the weekend.
Newport Beach city leaders are set to implement stiffer fines and add extra police to crack down on the spring break partiers this year after receiving complaints of underage drinking and unruly parties from residents. Lesley Marin reports.
The Los Angeles County Board of Supervisors on Wednesday approved a motion that could increase the sales tax by a half-cent in order to cover the massive healthcare funding cuts made by the Trump administration. The decision will now fall on LA County voters in June. Nicole Comstock reports.
Desmond Shaw returns to Angeles Crest Highway to check out a piece of La Cañada Flintridge history in tonight's Look At This!
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
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.
