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.
The father, Hector Lionel Alfaro, allegedly killed his wife and daughter before dying by suicide on Tuesday.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
The victim, who remains unidentified as of Saturday morning, was found in the 4700 block of Whittier Boulevard.
SoCal Edison filed a lawsuit against Los Angeles County and other agencies over the Eaton Fire on Friday.
Federal prosecutors charged a man who allegedly threatened to kill Vice President JD Vance during his Disneyland trip last year.
The father, Hector Lionel Alfaro, allegedly killed his wife and daughter before dying by suicide on Tuesday.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
The victim, who remains unidentified as of Saturday morning, was found in the 4700 block of Whittier Boulevard.
SoCal Edison filed a lawsuit against Los Angeles County and other agencies over the Eaton Fire on Friday.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
SoCal Edison filed a lawsuit against Los Angeles County and other agencies over the Eaton Fire on Friday.
Rick Caruso, the runner-up in the Los Angeles Mayoral race four years ago, announced he will not pursue elected office at this time.
Beverly Hills police said the suspect beat the man with a metal object before running him over with his vehicle.
Alfaro's eldest daughter said she heard gunshots while she was asleep, and that her father appeared near her with a gun, and allegedly shot at her several times, but he missed.
The Muhammad Ali Forever stamp features simply and boldly, a black and white 1974 Associated Press picture of Ali in his signature boxing stance.
Federal prosecutors charged a man who allegedly threatened to kill Vice President JD Vance during his Disneyland trip last year.
An Orange County man has been posting social media videos of car crashes in front of his house to hopefully spur safety changes at his Huntington Beach intersection.
After his son died while hiking Mount Baldy, Kenneth Muensch Casanova called on Angeles National Forest officials to require permits on the dangerous mountain.
A Santa Ana community scrambled to ensure their 101-year-old neighbor wasn't left behind when a fire broke out in her condo.
Orange County prosecutors said the suspect was allegedly sex trafficking a 17-year-old girl in Anaheim.
After his son died while hiking Mount Baldy, Kenneth Muensch Casanova called on Angeles National Forest officials to require permits on the dangerous mountain.
"If you don't have the training or the right equipment, you will end up like I did," said Manny Vasquez, who fell 300 feet while hiking up Mount Baldy.
The San Bernardino County Board of Supervisors approved the fee waivers to eligible property owners, primarily in Wrightwood, Lytle Creek, Phelan, Piñon Hills, Hesperia, and areas near Mt. Baldy.
A driver who was possibly driving under the influence triggered a deadly wrong-way crash on the 215 Freeway in Riverside early Wednesday morning, according to California Highway Patrol officers.
Firefighters said that the woman suffered severe burns when she escaped from the burning mobile home at around 11 a.m on Tuesday.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
A 21-year-old who demonstrated in Santa Ana, California, against the shooting death of Renee Good says exercising his right to free speech nearly cost him his life.
Kyle Tucker has agreed to a $240 million, four-year contract with the Los Angeles Dodgers, bolstering the franchise's chance for a third consecutive World Series championship.
Authorities said the alleged scheme involved 39 players, 17 different NCAA Division I men's basketball teams and 29 games.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
President Trump and California Gov. Gavin Newsom are both pitching plans to restrict corporations from buying single-family homes.
An Immigration and Customs Enforcement officer shot a man Wednesday night in north Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
The State Department announced it will stop giving out visas to nationals of dozens of countries who are seeking to move to the U.S. permanently.
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.
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.
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.
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.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
Kyle Tucker has agreed to a $240 million, four-year contract with the Los Angeles Dodgers, bolstering the franchise's chance for a third consecutive World Series championship.
Authorities said the alleged scheme involved 39 players, 17 different NCAA Division I men's basketball teams and 29 games.
FIFA says it has received over 500 million ticket requests for 2026 World Cup matches in the U.S., Canada and Mexico— with prices as high as $8,680.
Mark Stone scored 25 seconds into overtime, Jack Eichel had three assists and the Vegas Golden Knights beat the Los Angeles Kings 3-2 on Wednesday night.
Kawhi Leonard scored 33 points and James Harden added 22 points as the Los Angeles Clippers extended their winning streak to four games with a 119-105 victory over the Washington Wizards.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Dom's Taverna is a new Basque restaurant in Santa Barbara, making waves with the freshest of seafood. Chef Dom Crisp joins CBS LA.
Southern California Edison is suing Los Angeles County and other agencies, alleging that they failed to act reasonably during the Eaton Fire. Alys Martinez reports.
While much of the country endures freezing January weather, Southern California can expect a weekend in the 80s. Alex Biston reports.
Hudson Chase, star of 'How to Lose a Popularity Contest', talks to Jamie Yuccas and Sheba Turk about the new romantic comedy premiering on Tubi.
Beverly Hills police said the suspect beat the man with a metal object before running him over with his vehicle. Lauren Pozen reports.
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.
