Stocks sink to new low for 2022 as recession fears mount
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
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"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
On Wednesday, the Dow shed more than 1,164 points, or 3.6%, its biggest loss since 2020. The broader market lost 4%, putting the S&P 500 on the precipice of bear market territory. The Nasdaq Composite lost 4.73%.
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 stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
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.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
While some kids may have been playing video games or watching movies all day when everyone was asked to stay-at-home during the coronavirus pandemic, there were four kids, all under the age of 10, who learned to play the stock market.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The coronavirus crisis has hit corporate America hard, with many businesses closed and entire industries ground to a halt.
The Dow Jones closed down nearly 3,000 points, marking the biggest one-day drop in history.
U.S. stocks plunged so quickly Monday that trading was halted as frightened investors fled the markets amid growing economic uncertainty over the spreading coronavirus.
The coronavirus outbreak isn't just a global health concern, it's also been economically disruptive.
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
The Dow dropped 799 points, or 3.1%, on Tuesday. At one point, the index was down 818 points. The S&P 500 declined 3.2%, while the Nasdaq tumbled 3.8%.
Wednesday was a good day on Wall Street.
Wall Street has tried to ignore warning signs about a trade war for months. It can't any longer. The Dow sank 287 points on Tuesday.
The stock market bounced back after a less-than-positive start to the week.
Stocks tumbled Friday as trade tensions between the United States and China heated up.
While South Florida is no stranger to heat, Thursday's heat comes during a stretch of hotter-than-normal days, with little overnight relief and fewer afternoon storms expected to cool things down.
The testimony on Day 7 of the trial comes after the state rested its case Tuesday.
On Tuesday, the site remained quiet as investigators continued their work. Visible damage was still apparent beneath an awning near where the blast occurred.
Brandon Marsh, Alec Bohm and Kyle Schwarber homered, Jesús Luzardo pitched seven strong innings and the Philadelphia Phillies defeated the Miami Marlins 8-2.
When the clock struck 6 p.m. Monday for Miami's first match, some fans were already in their seats while others were still stuck outside.
While South Florida is no stranger to heat, Thursday's heat comes during a stretch of hotter-than-normal days, with little overnight relief and fewer afternoon storms expected to cool things down.
The testimony on Day 7 of the trial comes after the state rested its case Tuesday.
George Pino is facing manslaughter and vessel homicide charges after the boat crash near Boca Chita Key in Biscayne Bay in 2022.
On Tuesday, the site remained quiet as investigators continued their work. Visible damage was still apparent beneath an awning near where the blast occurred.
Brandon Marsh, Alec Bohm and Kyle Schwarber homered, Jesús Luzardo pitched seven strong innings and the Philadelphia Phillies defeated the Miami Marlins 8-2.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The Senate narrowly rejected a war powers resolution on Iran as President Trump touts a framework agreement with Tehran to end the monthslong conflict.
The FBI said it disrupted an attempt to attack Sunday's UFC America 250 event at the White House, with court records detailing an alleged plot to use small drones carrying explosives.
Iran's World Cup team coach says it was ordered to leave the U.S. and return to its training base in Mexico only a few hours after opening its politically charged tournament with a draw.
A bipartisan group of Florida officials and Jewish community leaders is urging the Tampa Sports Authority to cancel Kanye West's upcoming Tampa concerts.
The dispute rejected by the Supreme Court involved the scope of students' free speech rights and schools' ability to restrict expression that could be viewed as reflecting their endorsement.
Democratic CFO candidate Annette Taddeo says she is running to strengthen oversight of Florida's insurance industry and better protect homeowners.
Miami-Dade Commissioner Oliver Gilbert says his record of delivering results sets him apart in the Democratic primary to replace retiring Rep. Frederica Wilson.
Florida House Speaker Danny Perez denied claims his nomination as U.S. ambassador to Brazil was tied to Florida's recent redistricting effort.
Moskowitz provided CBS News Miami with copies of virulent, antisemitic voicemails his office has received.
Critics argue his plan will decimate cities, counties, and local school districts.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
U.S. government plans to open a quarantine center for Americans exposed to Ebola on an air base in Kenya have been temporarily halted by a court order.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
A bipartisan group of Florida officials and Jewish community leaders is urging the Tampa Sports Authority to cancel Kanye West's upcoming Tampa concerts.
With matches being played in 11 cities across the U.S., Mexico and Canada, fans are getting three World Cup opening ceremonies.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.