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.
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 Dow Jones industrial average closed 334 points lower on Thursday than the day before, in what amounted to the worst drop of the year.
A representative for Crumbs could not immediately say how many workers were affected or how many stores it had remaining on its last day.
The Crumbs Bake Shop closed all of its locations at the end of business Monday night, a manager told CBS 2.
The Standard & Poor's 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting year.
Twitter's stock debut up 73 above its IPO price. Twitter's trading debut is the most highly anticipated since Facebook's last year. Twitter will trade under the ticker symbol "TWTR.''
The exchange sent out an alert to traders at 12:20 p.m. EDT saying that trading was being halted until further notice because of problems with a quote dissemination system.
Indictments were announced Thursday in Newark, where U.S. Attorney Paul Fishman called the case the largest hacking and data breach scheme ever prosecuted in the United States.
The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and the Great Recession.
Trading resumed on the New York Stock Exchange Wednesday after being closed for two days because of Hurricane Sandy. New York Mayor Michael Bloomberg ran the opening bell.
Google's stock plunged after it released its third-quarter earnings report early, apparently by mistake.
Facebook Inc.'s slip left it trading just above $34 as the markets closed Monday.
The initial price didn't hold, gaining 11 percent as investors scrambled to get a piece of the company that started in a Harvard dorm room and became, with Friday's trading, a more than $100 billion giant.
The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3-billion bid from Nasdaq and IntercontinentalExchange to buy the company.
TSA says Newark Airport security wait times may take longer for the next few weeks as the airport upgrades its screening technology.
Guy Rivera faces arraignment in the deadly shooting of NYPD Det. Jonathan Diller back in March in Far Rockaway, Queens.
Stormy Daniels is in New York and expects to be called to the stand to testify Tuesday, according to two sources familiar with the matter.
An Israeli tank unit has rolled in to take "operational control" of the Gaza side of the crucial Rafah border crossing amid talks for a truce.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
Guy Rivera faces arraignment in the deadly shooting of NYPD Det. Jonathan Diller back in March in Far Rockaway, Queens.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
Riverdale resident Leo Shliselberg says despite the hardships he's experienced in life, the best medicine is laughter.
A Brooklyn firefighter is hailed a hero after officials say he rescued a man out of a burning car in front of his family.
The rabbi of one of three New York City synagogues that received a fake bomb threat this weekend is speaking out, saying "we will not be deterred."
Traffic was flowing on I-95 in Norwalk Monday after being shut down in both directions due to a fiery tractor-trailer crash last week.
I-95 fully reopened in both directions Sunday in Norwalk, Connecticut, days after a tanker truck caught fire and badly damaged a bridge.
Northbound lanes of I-95 have reopened in Norwalk, Connecticut after crews demolished a bridge that was damaged in a tanker truck fire.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The I-95 overpass in Norwalk, Connecticut that was damaged in a fiery tanker truck crash is being demolished, but the highway remains partially closed.
TSA says Newark Airport security wait times may take longer for the next few weeks as the airport upgrades its screening technology.
A New Jersey state trooper died Sunday while training at the NJSP headquarters in Ewing, Mercer County, Gov. Phil Murphy said.
Princeton University students began a hunger strike on Friday in solidarity with the millions of Palestinians in Gaza as Israel's war against Hamas continues.
Rutgers University is responding to requests made by pro-Palestinian protesters after demonstrators dismantled their on-campus encampment Thursday.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The land in East Farmingdale, near Republic Airport, has been vacant since the 1990s.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The controversial New York City congestion pricing tolls set to start June 30 are facing another lawsuit, this time from Long Island.
Isis Navarro Reyes, of New York, allegedly posted TikTok videos marketing weight loss drugs that appeared to be Ozempic, Mesofrance and Axcion.
The suspect in a Long Island car crash that killed one man and three children in August 2023 has agreed to a plea deal.
Stormy Daniels is in New York and expects to be called to the stand to testify Tuesday, according to two sources familiar with the matter.
Prosecutors are continuing to call witnesses in former President Donald Trump's criminal trial in New York, where jurors heard from a former Trump Organization executive.
Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.
A U.S. soldier has been detained in Russia, officials confirmed.
Israeli Prime Minister Benjamin Netanyahu's office says the proposal is "far from meeting Israel's core demands."
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
A New Jersey teenager says making music helps bring him to a better place as he fights cancer.
Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that's rocked the company.
Vicky Dennis went to the hospital with strange symptoms when she had COVID. Doctors found she had two undiagnosed, life-threatening diseases and needed a liver transplant to survive.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
It's widely known the Met Gala itself includes a dinner and a performance. But aside from bathroom selfies and elevator clips, the gala itself isn't recorded.
It's almost time for the 2024 Met Gala, and we a have look at when the red carpet starts and how long it will last before it ends.
The Knicks grabbed Game 1 of the Eastern Conference semifinals with a 121-117 victory over the Pacers.
Sean Manaea, Brandon Nimmo and Edwin Diaz powered the Mets to a 4-3 win over the Cardinals on Monday.
Tom Brady took his share of barbs from comedians, former teammates and his longtime coach during a made-for-streaming comedy live event on Netflix -- but one joke seemed to anger him.
Mika Zibenejad scored twice in the Rangers' 4-3 win over the Hurricanes in Game 1 of the NHL Playoffs second-round series at Madison Square Garden.
Rafael Navarro scored early, Cole Bassett had an assist and a late goal and Zack Steffen notched his first clean sheet with Colorado as the Rapids beat NYCFC for the first time at rainy Citi Field.
Riverdale resident Leo Shliselberg says despite the hardships he's experienced in life, the best medicine is laughter.
A Brooklyn firefighter is hailed a hero after officials say he rescued a man out of a burning car in front of his family.
Millions of stamps designed by Brooklyn artist, Kim Parker, are decorating postage envelopes nationwide.
"Swans of Harlem" tells the story of five ballerinas in the early days of Dance Theatre of Harlem.
In light of budget cuts to New York City's public library systems, a Park Slope man decided to launch a fundraiser to support the Brooklyn Public Library.
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.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
Police say four officers suffered minor injuries after crashing into a tractor-trailer on their way to a call early Tuesday morning in Midtown. CBS New York's Christina Fan reports from the scene.
Chopper 2 is over the scene where police say four officers were hurt while responding to a 911 call Tuesday morning in Manhattan.
CBS New York's First Alert Weather team has the latest forecast.
This will be the suspected gunman's first court appearance in the case. He is charged with murder in the traffic stop shooting that killed Diller back in March in Queens. CBS New York's Elijah Westbrook reports.
Pro-Palestinian protesters departed Hunter College on Monday and descended on the Met Gala in New York City. Police say 27 people were arrested. CBS New York's Christina Fan has the details.