New York stock traders sound alarm on spike in pump-and-dump schemes
Data shows a massive increase in pump-and-dump schemes over the last year. Two traders from New York say it cost them tens of thousands of dollars.
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Data shows a massive increase in pump-and-dump schemes over the last year. Two traders from New York say it cost them tens of thousands of dollars.
It's a type of stock market scheme that's emptying bank accounts all over the country. Two stock traders from New York told investigative reporter Tim McNicholas it cost them tens of thousands of dollars.
The stock and bond markets are closed for Good Friday, but will reopen on Monday, following the Easter holiday.
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.
It made for another volatile day on Wall Street, as stocks plunged and then surged throughout the day. CBS News New York's Dick Brennan reports.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
It was yet another volatile day of trading on Wall Street, with stocks plunging and then surging. In the end the Dow closed nearly 350 points lower. CBS News New York's Jessica Moore has the latest.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.
It was a brutal day on Wall Street as stocks plunged to the worst numbers we've seen since 2022. The Dow Jones ended 890 points down, the "S and P" dropped 155 and the NASDAQ sank by 727 points. Are President Trump's new tariffs and looming recession to blame? Bankrate Senior Industry Analyst Ted Rossman explains.
Leading U.S. stock indexes are falling in early trading amid concerns the economy is losing momentum and the impact of tariffs.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Markets tried to shake off Monday's massive losses. On Tuesday, the S&P 500 fell yet again.
Many Americans are worrying about their retirement funds as stocks dropped drastically yesterday. CBS2's Elijah Westbrook has more on what this means.
Futures are higher this morning, but it follows more big losses Monday. CBS2's Elijah Westbrook has more on what it means for the average investor.
U.S. stocks plunged on Monday as investors fretted over mounting inflation and geopolitical tensions.
Stocks plummeted on Monday after China escalated its trade battle with the U.S. by letting its currency sink to an 11-year low.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
U.S. stocks are opening 2016 on a grim note, dropping sharply after a plunge in China and declines in Europe.
After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a high of $35.73 in morning trading. The company is valued at $3.33 billion, based on afternoon trading just below $30.
Stocks were deep in the red again on Wednesday, although they did rebound from a mid day swoon. At the closing bell the Dow was down 173 points at 16,141. Earlier in the day it had dipped below 16,000 for the first time since February.
The New York Mets defeated the Philadelphia Phillies 6-2 on Saturday to stop their seven-game losing streak.
A New York City Council worker who was detained by ICE in January is now back home and speaking out about his experience for the first time.
You can enter to win free tickets to access prime viewing areas for the 2026 Macy's Fourth of July Fireworks Show.
The New York City Pride March will make its way through Manhattan on Sunday. Here's what to know.
President Trump on Saturday said he has nominated Lance Schroyer to be the next director of U.S. Immigration and Customs Enforcement.
A New York City Council worker who was detained by ICE in January is now back home and speaking out about his experience for the first time.
You can enter to win free tickets to access prime viewing areas for the 2026 Macy's Fourth of July Fireworks Show.
The New York City Pride March will make its way through Manhattan on Sunday. Here's what to know.
One of five known Holt Broadside printings in existence belongs to Westchester County and will be viewable at SUNY Purchase.
New York City confirmed that an application was filed for an event at MSG, but nothing has been publicly confirmed by Swift or Kelce.
Dangerously hot weather arrives in the New York City area starting Wednesday.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Dangerously hot weather arrives in the New York City area starting Wednesday.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
The suspect accused of killing two teenage girls in a hit-and-run in Cranford, New Jersey, last year will be tried as an adult, officials said Friday.
Table to Table is on a mission to make sure nothing goes to waste at 2026 FIFA Men's World Cup celebrations in New Jersey.
Law enforcement officials found a home laboratory and a shed full of explosives at a home in Denville, New Jersey.
A Long Island school district official is accused of trashing ballots to rig an election.
A Long Island school district official is accused of trashing ballots to rig an election. CBS News New York's Jennifer McLogan reports.
The site will continue to house a casino, but Aqueduct's move to Long Island brings a rare opportunity to the South Ozone Park community.
A young entrepreneur with Down syndrome opened his first brick-and-mortar store on Long Island after his sock company went global.
A defense attorney made stunning new claims in court Wednesday about what may have sparked the fatal stabbing of a Massapequa man.
A Long Island school district official is accused of trashing ballots to rig an election.
Bolton agreed to pay a $2.25 million fine, pleading guilty to one count of retaining classified national security information.
CBS News New York Investigates is looking into Supplemental Nutrition Assistance Program benefits, and the new work requirements in order to keep them.
Victims of e-bike crashes are suing New York City over Mayor Zohran Mamdani's directive ending criminal enforcement of violations.
The Supreme Court on Thursday said the Trump administration can move forward with its efforts to strip more than 356,000 Syrian and Haitian immigrants of temporary protections.
A federal judge has temporarily blocked the Justice Department from executing subpoenas in a criminal probe that sought transgender care records for patients treated at New York hospitals.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
Fans gathered at the Brooklyn Public Library on Thursday for limited-edition card marking 30 years of "Reasonable Doubt."
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
When a large tent appeared next door to Taylor Swift's Watch Hill estate this week, it didn't take long for speculation about the superstar's impending nuptials to ripple through the affluent New England seaside village.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
The New York Mets defeated the Philadelphia Phillies 6-2 on Saturday to stop their seven-game losing streak.
Jake Bennett held New York to one run in 6 1/3 innings, Masataka Yoshida hit a leadoff home run off Gerrit Cole and the Boston Red Sox beat the Yankees for the third straight day, 4-1 on Saturday.
The Philadelphia Phillies beat the reeling New York Mets 2-1 on Friday night.
Payton Tolle took a perfect game into the sixth inning and the Boston Red Sox beat the New York Yankees 6-1 on Friday night.
New York Mets fans seem to be directing frustration at David Stearns and Steve Cohen after manager Carlos Mendoza's firing.
Fans gathered at the Brooklyn Public Library on Thursday for limited-edition card marking 30 years of "Reasonable Doubt."
After learning to swim in her 40s, one school leader is helping students gain life-saving skills.
Entrepreneurs in Brooklyn are reimagining laundry day as a social experience, turning neighborhood laundromats into gathering spaces.
Experts say the team's title run created a feeling of collective joy and connection, while some local businesses are also seeing a boost from the celebration.
Knicks fans who couldn't make it to Thursday's parade still found a way to celebrate across New York in true blue-and-orange fashion.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Vanessa Murdock has your weather forecast for June 27 at 11 p.m.
Will Taylor Swift and Travis Kelce get married at Madison Square Garden next week? Ali Bauman reports.
The death toll is rising in Venezuela as the search for earthquake survivors continues. CBS News New York's Allen Devlin reports.
A New York City Council worker who was detained by ICE in January is now free and speaking out. Rafael Rubio, who faced deportation, was released after the City Council speaker got involved. CBS News New York's Christine Sloan reports.
Two men were stabbed, one fatally, in Bath Beach, Brooklyn, on Saturday.
