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.
A second death has been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Saturday.
All eyes will be on MetLife Stadium in New Jersey on Sunday as Spain and Argentina face off in the FIFA World Cup final.
A street renaming was held Saturday in the Bronx to honor Det. Didarul Islam, the NYPD officer who was killed in the July 2025 Midtown office shooting.
Influencer brothers Andrew and Tristan Tate have been arrested by federal authorities Saturday in Miami.
U.S. forces launched a new round of airstrikes against Iran Saturday evening at the direction of President Trump following the deaths of two U.S. service members.
A second death has been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Saturday.
All eyes will be on MetLife Stadium in New Jersey on Sunday as Spain and Argentina face off in the FIFA World Cup final.
A street renaming was held Saturday in the Bronx to honor Det. Didarul Islam, the NYPD officer who was killed in the July 2025 Midtown office shooting.
Storms brought flooding rains, damaging winds, hail and lightning to New York and New Jersey on Saturday.
A toddler fell from a window at a Bronx apartment building Friday evening.
Storms brought flooding rains, damaging winds, hail and lightning to New York and New Jersey on Saturday.
While the air quality is improving, haze still lingers as New Yorkers brace for upcoming rain and possibly severe storms Saturday.
A tornado warning was issued in parts of New Jersey on Thursday evening.
A heat advisory is in effect until Wednesday night for most of the Tri-State Area, with feels-like temperatures reaching into the 100s.
The Tri-State Area is dealing with extreme heat as cooling centers, pools, parks and other resources try to keep residents cool.
All eyes will be on MetLife Stadium in New Jersey on Sunday as Spain and Argentina face off in the FIFA World Cup final.
Storms brought flooding rains, damaging winds, hail and lightning to New York and New Jersey on Saturday.
Spanish Prime Minister Pedro Sánchez plans to attend Sunday's World Cup final against Argentina, his office says.
New age requirements, licensing rules and penalties for violations for e-bikes and electric scooters take effect in New Jersey on Sunday.
For the first time, a federal appeals court ruled the Garden State's weapons ban violates the Second Amendment.
A memorial service was held on Long Island on Friday night for victims of TWA Flight 800, marking 30 years since the deadly crash. CBS News New York's Allen Devlin reports.
A large gun and drug bust in Nassau County led to six arrests.
Friday marks 30 years since TWA Flight 800 exploded in midair off of Long Island minutes after taking off from JFK Airport en route to Paris. CBS News New York's Carolyn Gusoff reports.
Friday marked 30 years since TWA Flight 800 exploded in midair off of Long Island minutes after taking off from JFK Airport en route to Paris.
A former cargo ship captain pleaded guilty on Wednesday to drugging and raping a U.S. Merchant Marine Academy cadet.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
President Trump gave a primetime address on elections tonight, as he remains focused on the 2020 race.
The "Rental Ripoff" report was released Thursday morning, stemming from months of hearings where hundreds of tenants across the city stepped forward to air their grievances.
New York City officials confirmed Wednesday that outreach teams were midway through efforts to help the homeless at a sprawling West Side encampment before dismantling their living spaces.
Part of President Trump's speech Thursday night is expected to touch on previously unreported alleged Chinese meddling in U.S. elections, according to sources familiar with the matter.
A second death has been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Saturday.
One death has been reported in connection to the Legionnaires' disease cluster on New York City's Upper East Side, health officials say.
Farmers in New Jersey say the cyclosporiasis outbreaks across the country are providing an opportunity to get to know your local farmer.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The final show of Jay-Z's anniversary concert series at Yankee Stadium was delayed for hours after hundreds of ticketless fans flooded the gates and breached security, according to officials.
Jay-Z and some very special guests took over Yankee Stadium on Friday night, performing to a sold-out crowd.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
All eyes will be on MetLife Stadium in New Jersey on Sunday as Spain and Argentina face off in the FIFA World Cup final.
Kyle Schwarber hit his major league-leading 33rd home run, fellow All-Star Jesús Luzardo allowed two hits in five strong innings to lead the Phillies past the Mets.
It was the highest-scoring World Cup game since Hungary beat El Salvador 10-1 in 1982.
Saturday's Yankees-Dodgers game has been rescheduled due to potentially severe thunderstorms in the forecast.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
Eddie Palmieri, the East Harlem legend who revolutionized Latin music, now has a street renamed in his honor.
Services for the UnderServed's urban gardens and beehives provide therapeutic opportunities for New Yorkers with intellectual and developmental disabilities and behavioral health challenges
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 July 18 at 11 p.m.
More than 6,700 people have now been sickened by lettuce linked to a multistate cyclosporiasis outbreak. The affected produce has been traced to California-based Taylor Farms, used by Taco Bell. Ian Lee reports.
Stabilization work is ongoing at the East Side office building where columns buckled during construction earlier this month.
An NYPD officer was injured Saturday morning after responding to a call about drag racing in Brooklyn.
A pedestrian was killed Saturday after two cars collided in Crown Heights, Brooklyn.
