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.
New York Gov. Kathy Hochul's running mate says having two women atop the Democratic ticket sends a strong message to voters.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
The NYPD is adding extra security outside Trump Tower in Midtown Manhattan after Saturday's shooting at the White House Correspondents' Dinner.
After more than 40 years and three wrongful convictions, authorities says they have the man responsible for the 1984 Long Island killing of 16-year-old Theresa Fusco, who vanished after leaving her job at a local roller rink.
The Yankees extended their winning streak to eight games with an 8-3 victory over the Astros on Saturday night.
New York Gov. Kathy Hochul's running mate says having two women atop the Democratic ticket sends a strong message to voters.
The NYPD is adding extra security outside Trump Tower in Midtown Manhattan after Saturday's shooting at the White House Correspondents' Dinner.
Runners are taking off in the NYCRuns Brooklyn Experience Half Marathon on Sunday.
New York City police charged alleged gunman Zahir Davis, 18, with the murder of 15-year-old Jaden Pierre at a park in St. Albans, Queens.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
New York City's balmy weather proved to be record-breaking for the date of April 15.
A New Jersey man has been convicted in the 2015 murder of professional basketball player Michael Wright.
A woman is dead and two people are critically injured after the fire on Schley Street in Newark, New Jersey.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Lawmakers in New York are pushing for a ferry service from the West Harlem Piers to World Cup games, as transportation to and from the matches comes with a big price tag.
The team identified Robert Dean Irelan as the man whose body was found in a shallow grave in Salem County, New Jersey, in 1979.
Diana Kutateladze had nearly twice the legal limit of of alcohol in her system when she caused a deadly, high-speed six-car wreck on the Southern State Parkway in Hempstead, prosecutors said.
We're in for a mild weather day in NYC Friday, but a First Alert Weather Day is right around the corner, with rounds of rain on tap for Saturday.
Sister Francis Piscatella, New York's oldest person, celebrated her 113th birthday and Pope Leo XIV sent a blessing from the Vatican for the occasion.
A father and son were arrested after police said they found chemicals to make explosives at their home on New York's Long Island.
Scientists say New York's coastal waters are experiencing some of the most severe threats on record, and they're not just environmental.
New York Gov. Kathy Hochul's running mate says having two women atop the Democratic ticket sends a strong message to voters.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
President Trump was evacuated from the White House Correspondents' Dinner after shots rang out at the hotel where the event was taking place.
President Trump was safely evacuated from the White House Correspondents' Association Dinner Saturday night after shots were fired outside the ballroom of the Washington Hilton Hotel.
The Republican president did not attend during his first term or the first year of his second.
The B.R.O. Experience Foundation uses cognitive behavioral therapy, mentorship and creative expression to support men of color navigating identity.
Travelers at Newark Airport may have been exposed to an individual with measles, New Jersey health officials warn.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
Ticketmaster will be rereleasing tickets for Harry Styles' upcoming concerts in New York City that were originally purchased by scalpers, the company says.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
A previously unreleased song is one of many ways Prince is being honored a decade after his death.
Singer-songwriter Gavin DeGraw turned to social media for help reconnecting with a New York City bartender after a memorable performance this week.
New York City Mayor Zohran Mamdani and his wife Rama Duwaji will not attend this year's Met Gala, sources said.
The Yankees extended their winning streak to eight games with an 8-3 victory over the Astros on Saturday night.
Kévin Denkey scored twice in the first half to back Roman Celantano and FC Cincinnati blanked the Red Bulls 2-0 on Saturday.
The Knicks recovered after back-to-back losses to beat the Hawks 114-98 on Saturday night.
The Jets entered the NFL draft with plenty of roster holes and a culture under construction.
John Harbaugh's first draft as coach of the Giants turned into a chance to make them a whole lot bigger at some important positions.
The B.R.O. Experience Foundation uses cognitive behavioral therapy, mentorship and creative expression to support men of color navigating identity.
An out-of-service escalator at Jamaica Station in Queens is reviving complaints that date back years.
The head of a housing nonprofit in Harlem was arrested after residents complained over delayed repairs.
A 2009 New York City law requiring most roll-down security gates to be at least 70% transparent is set to take effect this summer.
Recurring elevator problems are back and worse than ever at one New York City high-rise, according to tenants.
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 John Elliott spends the morning at Arrowhead Farmstead in Manalapan during the Dinosaur Festival and Tulip Experience.
Every New Yorker feels the pinch with the rising cost of living.
Marcia Kramer covers New York City's economic health and more with Citizens Budget Commission President Andrew Rein.
Adrienne Adams, the former NYC Council speaker, is Gov. Kathy Hochul's running mate in 2026.
Marcia Kramer covers the New York governor's race and the economic health of New York City on this episode of CBS News New York's "The Point."
