Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Stronger-than-expected wage data raised expectations Fed hikes will be more aggressive to get inflation under control.
Wall Street is waiting to see if balance of power in Washington shifts, but hot inflation remains main focus.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Wall Street is concerned that Friday's stronger-than-expected jobs report could prompt more rate hikes from the Fed.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
The S&P 500 tumbled even more Thursday, putting it firmly into a bear market. That's not an official term, but more of an arbitrary marker as investors worry about the future.
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.
A mass of amateur internet investors is buying GameStop stock, causing its stock price to soar. It's led to big gains for them -- and bigger losses for the hedge funds.
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?
COVID-19 and its economic uncertainties are jolting investor confidence. That is causing volatility in stock equities, a falling dollar and adding fears of inflation.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The stock market fell sharply Wednesday, with the DOW, Nasdaq and the S & P 500 all down. The bond market prompted the plummet.
The Dow dropped more than 600 points, which is more than 2 percent. This caps off a tumultuous three weeks of twists and turns. But the recent volatility doesn't mean long-term investors should worry, experts say.
Stocks are slumping for a second straight day as the market endures its most volatile stretch since February. The Dow Jones industrials fell 545 points, or 2.1 percent, to 25,052.83 and the benchmark S&P 500 dropped 57 points, or 2.1 percent, to 2,728.37. Both indexes have fallen more than 5 percent the past two days.
Technology and internet stocks have led the way for much of Wall Street's bull market run, propelling the stocks of big names like Apple, Amazon and Google's parent company sharply higher along the way.
The Dow plunged nearly 832 points on Wednesday, the third-worst point decline in history.
The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months.
In 2020 President Donald Trump said if he lost Minnesota he would never come back to the state. Trump did lose, but is coming back for a GOP fundraiser.
From fleeing war-torn Ukraine to starting their own small business here in America, Vlad and Polina Lahoda are planting roots in Minnesota one loaf of bread at a time.
Nikola Jokic scored 16 of his 35 points in the fourth quarter and Aaron Gordon had 27 points on 11-for-12 shooting to propel the Denver Nuggets to a series-tying 115-107 victory over the Minnesota Timberwolves in Game 4 in the Western Conference semifinals.
The Brown County Sheriff's Office says it received a report of a possible drowning at Mound Creek County Park around 3:30 p.m.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
From fleeing war-torn Ukraine to starting their own small business here in America, Vlad and Polina Lahoda are planting roots in Minnesota one loaf of bread at a time.
One of three people arrested after a violent Minneapolis carjacking earlier this month has been charged.
A man has been found guilty of aiding and abetting kidnapping for driving the getaway vehicle when a woman was taken from the Metro Transit station at the Mall of America last summer.
More than 80 active wildfires burning across Canada are sending wildfire smoke back to Minnesota and Wisconsin Sunday. The smoke has prompted an air quality alert for all of Minnesota — the first of 2024.
A driver who caused a crash with a light rail train in St. Paul Sunday morning is suspected of driving under the influence, officials said.
The Brown County Sheriff's Office says it received a report of a possible drowning at Mound Creek County Park around 3:30 p.m.
Investigators are looking into what caused a wildfire in northern Minnesota on Sunday afternoon.
Authorities are searching for a Kansas man who disappeared while kayaking on a central Minnesota lake.
While sightings in Chisago County are not uncommon, the sheriff's office said responding to two crashes involving bears in one is unusual.
A Rochester man who got too close to a moving boxcar died after being struck by a train Saturday night, police said.
Annie Thaemert was over the moon when she found out she was pregnant with her first child, but her mother was battling metastatic breast cancer and it was spreading quickly.
Home infusion is meant to help patients become independent and resume normal activities while recovering from an illness. The COVID-19 pandemic jump-started the growth of the at-home therapy.
Republicans who control the Wisconsin Legislature's audit committee have voted to launch a probe of diversity initiatives across state government.
A pair of wedding barns sued the state of Wisconsin on Tuesday seeking to block the enactment of a new law requiring them to get liquor licenses similar to other establishments that host events.
Milwaukee's election leader has been ousted by the mayor in a surprise move that comes just six months before Wisconsin's largest city will be in the spotlight in the presidential swing state.
Two months ago, Lauren Olson was seriously injured in a car crash. Now she's making an amazing recovery and back with her lacrosse family.
Saturday marked the first official day for Minnesota's new state flag.
On Friday night, canoeists in the Boundary Water Canoe Area called 911 after locating a capsized canoe and a partly submerged human body on Lake Agnes.
Andy Coulter died of cancer in March, leaving a hole in the Montevideo community he loved dearly.
Art and spoken word can help break down barriers and allow people to share openly when it comes to tough topics like gun violence.
In 2020 President Donald Trump said if he lost Minnesota he would never come back to the state. Trump did lose, but is coming back for a GOP fundraiser.
Secretary of State Antony Blinken said the U.S. "will not support" an Israeli military operation in the southern city of Rafah without a "credible plan to protect civilians."
When President Trump campaigned in Duluth in the fall of 2020, he said would never set foot in Minnesota again if he lost the election that year. Now, four years later, he is coming back.
Minnesota officially adopted its new state flag on Saturday, making the old flag history. So what happens to the old flag now that it is obsolete?
Minnesota's new flag went into official use Saturday, which has many wondering why the state adopted a new flag. The controversial replacement of the old flag requires an explanation of that emblem's history.
Rural Minnesotans say they're getting hit hard by what they call a "chaotic" health care scene.
The red-hot Minnesota Timberwolves are back home on Friday to take on the Denver Nuggets in game three of the Western Conference semifinal series — and tickets aren't cheap.
Gov. Tim Walz on Tuesday signed a ticket transparency bill aimed at protecting music fans when they buy tickets for shows.
Owning and protecting a home or a car in Minnesota is getting more expensive.
The amendment, which was heard in a House committee Tuesday, includes a minimum wage pay rate of $1.27 per mile and 49 cents per minute. That committee advanced the bill in an 8-4 vote.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
One of three people arrested after a violent Minneapolis carjacking earlier this month has been charged.
A man has been found guilty of aiding and abetting kidnapping for driving the getaway vehicle when a woman was taken from the Metro Transit station at the Mall of America last summer.
A driver who caused a crash with a light rail train in St. Paul Sunday morning is suspected of driving under the influence, officials said.
Myon Burrell was arrested in Minneapolis Thursday and formally charged on Friday with one count of fifth-degree possession of a controlled substance.
Home infusion is meant to help patients become independent and resume normal activities while recovering from an illness. The COVID-19 pandemic jump-started the growth of the at-home therapy.
Rural Minnesotans say they're getting hit hard by what they call a "chaotic" health care scene.
Students at North St. Paul High School were lifting each other up as part of Shoe Day — a program by NAMI Minnesota that encourages teens to imagine themselves in each others' shoes.
The fitness chain's $10 monthly membership is one of few things that had remained unchanged since 1998 — until now.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with experts who working to track and treat long COVID.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
HUGE Improv Theater has been in the Twin Cities scene for nearly 20 years. But this last year brought some unexpected financial challenges.
A remarkable judge of talent, Corman hired such aspiring filmmakers as Francis Ford Coppola, Ron Howard, James Cameron and Martin Scorsese.
This will be the first baby for Hailey and Justin Beiber, who announced their pregnancy after more than five years of marriage.
Prince fans can add another stop to the list of must-see Twin Cities sites to celebrate the 40th anniversary of "Purple Rain."
Nikola Jokic scored 16 of his 35 points in the fourth quarter and Aaron Gordon had 27 points on 11-for-12 shooting to propel the Denver Nuggets to a series-tying 115-107 victory over the Minnesota Timberwolves in Game 4 in the Western Conference semifinals.
The Stillwater native and Hill Murray grad's career has been a slow burn. He was a late bloomer in high school golf and took until his senior year to capture college win number one.
Carlos Santana hit a three-run home run, Bailey Ober matched his career high by striking out 10 over 6 1/3 shutout innings and the Minnesota Twins won for the 17th time in 20 games by beating the Toronto Blue Jays 5-1.
Ernie Clement broke an 8-all tie with a bases-loaded single in the seventh inning and the Toronto Blue Jays overcame a six-run deficit to beat the Minnesota Twins 10-8 on Saturday.
Jamal Murray rebounded from a rough start to the Western Conference semifinals with 24 points to lead the Denver Nuggets on a 117-90 romp in Game 3 that made the Minnesota Timberwolves the last team in the NBA to lose in this postseason.
In 2020 President Donald Trump said if he lost Minnesota he would never come back to the state. Trump did lose, but is coming back for a GOP fundraiser.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with Lisa Pettigrew and Galen Smith about their long covid experience.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke Kate Murray with the Minnesota Department of Health and long covid sufferer Shane Hendricks.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with Dr. Dr. Tanya Melnik about the new M Health Fairview long haul COVID clinic.
For most of us COVID-19 is thankfully in our rearview mirrors. But for some the symptoms still linger, having never lost its grip. In Talking Points, Esme Murphy spoke with experts who working to track and treat long COVID.
Minnesotans like to explore, and now they'll have a chance to step into caves that haven't been explored in half a century.
John Lauritsen looks at how a Breezy Point barn went from housing buffalo and cattle to hosting customers and wedding parties.
It's one of the few covered bridges remaining in the Midwest, and it's seen a lot of traffic over the years.
Decades ago, at an 88-acre pasture near Annandale, cars replaced cows and French Lake Auto Parts was born.
There's an attraction in Fergus Falls that's centered around a man-made disaster.
A survey by the U.S. Fish and Wildlife Service shows 1.7 million anglers went fishing in Minnesota in 2022. Of those, 69% were residents and 31% were from out of state.
A summer sausage is apparently what's propelled the Twins to 12 straight victories. So, why are athletes superstitious? Good Question.
Cameras are appearing more frequently in courtrooms, but an age-old way to capture the moment is still finding its way into the spotlight.
Whether you're a new driver or new to the state, scheduling a driving test in Minnesota can be a bumpy road.
From drama involving Democratic Minnesota state Sen. Nicole Mitchell to now-former Republican Congressman George Santos, we've recently seen the flames of expulsion being fanned.
Minnesotans were delighted by an otherworldly light show Friday night that was on a level the state hadn't seen in nearly two decades.
Many Minnesotans were treated to a stunning double rainbow on Thursday.
Nicolae Miu, a 54-year-old man from Prior, Lake, Minnesota was found guilty of six criminal charges, including first-degree reckless homicide. Miu's trial lasted eight days in a Hudson, Wisconsin courtroom.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
An early spring snowstorm made for many beautiful sights across the state of Minnesota over the weekend.
WCCO meteorologist Lisa Meadows says smoke should improve throughout the day tomorrow.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
WCCO meteorologist Lisa Meadows says Sunday was the hottest day of the year so far.
Highs will climb into the mid-80s on Mother’s Day.
More than 80 active wildfires burning across Canada are sending wildfire smoke back to Minnesota and Wisconsin Sunday. The smoke has prompted an air quality alert for all of Minnesota — the first of 2024.
Scott Sansby is a legendary local artist known across the Twin Cities. He has played with many influential bands and artists since 1969. Last fall, a freak accident left him paralyzed from the neck down.
In 2020 President Donald Trump said if he lost Minnesota he would never come back to the state. Trump did lose but is coming back for a GOP fundraiser this Friday in St. Paul. In Talking Points, Esme Murphy looks at Trump's near miss here in 2016 and the Republican efforts in 2024.
WCCO meteorologist Lisa Meadows says smoke should improve throughout the day tomorrow.
On Monday, lawmakers are set to vote on the Equal right Amendment and Ranked Choice Voting Expansion bills.
Monday, former President Donald Trump is required back in a New York city courtroom in his hush money cover-up trial. CBS's Shanelle Kaul explains how it didn't disrupt his weekend work on the campaign trail.