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.
For the last three decades, the Way of the Cross procession across the Brooklyn Bridge has marked the solemn occasion, giving Christian New Yorkers a sense of togetherness at a time when many say it's badly needed.
New Jersey Gov. Mikie Sherrill and her family are moving into Drumthwacket, the governor's official residence in Princeton.
The man charged with murder in the fatal Chicago shooting of Loyola University student Sheridan Gorman now faces an additional federal gun charge.
NYC Mayor Zohran Mamdani and rapper Cardi B announced Friday that 2-K applications will open in June. They also unveiled a jingle competition to build excitement for the program.
The search for the second crew member, a weapons system officer, is continuing, two U.S. officials said.
For the last three decades, the Way of the Cross procession across the Brooklyn Bridge has marked the solemn occasion, giving Christian New Yorkers a sense of togetherness at a time when many say it's badly needed.
NYC Mayor Zohran Mamdani and rapper Cardi B announced Friday that 2-K applications will open in June. They also unveiled a jingle competition to build excitement for the program.
Good Friday is being marked by Christians around New York City during services at St. Patrick's Cathedral and the Way of the Cross procession in Brooklyn.
The New York International Auto Show will take over the Javits Center in New York City for 10 days starting Friday.
The New York Yankees look to continue their fast start to the 2026 MLB season as they take on the Miami Marlins at Yankee Stadium.
UConn's jaw-dropping buzzer beater catapulted them to the Final Four.
Bridgeport firefighter Terrence Cramer was killed after his girlfriend's ex shot him in a fit of rage at a Connecticut home, according to an arrest warrant.
Jabari Bush is accused of fatally shooting active-duty Bridgeport Firefighter Terrence Cramer in Shelton, police said.
Warmer weather will return to New York City and the surrounding area soon.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
New Jersey Gov. Mikie Sherrill and her family are moving into Drumthwacket, the governor's official residence in Princeton.
A pastor in New Jersey was taken into custody by immigration agents while working at his day job, according to church members.
The discovery of a suspicious device forced the cancellation of the Keansburg, New Jersey, St. Patrick's Day Parade last weekend.
New Jersey prosecutors are asking the pubic for help finding a man they say is responsible for a fatal shooting in Union City.
Jersey City P.S. 17 students are celebrating a brand new mini soccer pitch built for them ahead of the FIFA World Cup this summer.
A Long Island man accused of shooting his sister in the head with a crossbow pleaded not guilty to attempted murder Thursday.
A Long Island high schooler and his mom are being credited with saving a sleeping neighbor from a house fire.
New York Republican gubernatorial nominee Bruce Blakeman said Tuesday he will sue the state after the Campaign Finance Board denied him matching funds.
The driver accused of striking and killing a Nassau County school crossing guard in February has been arraigned.
New York's Republican nominee for governor Bruce Blakeman took his campaign to the steps of City Hall on Monday, where he portrayed Kathy Hochul and Mayor Zohran Mamdani as the taxing twins.
New Jersey Gov. Mikie Sherrill and her family are moving into Drumthwacket, the governor's official residence in Princeton.
The search for the second crew member, a weapons system officer, is continuing, two U.S. officials said.
One of the sources said Hegseth wants someone in the role who will implement President Trump and Hegseth's vision for the Army.
A pastor in New Jersey was taken into custody by immigration agents while working at his day job, according to church members.
President Trump has ousted Pam Bondi as attorney general, saying she will be taking a job in the private sector.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
Megan Thee Stallion was released from a New York City hospital after she got sick during a performance of "Moulin Rouge! The Musical."
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
The New York Yankees look to continue their fast start to the 2026 MLB season as they take on the Miami Marlins at Yankee Stadium.
Jack Hughes had two goals and three assists as the Devils beat the Capitals 7-3 on Thursday night.
The Canadiens won their seventh game in a row to move closer to making the playoffs by defeating the Rangers 3-2 on Thursday.
Body camera video has been released of Tiger Woods' arrest, after a car crash in Florida. He has been charged with driving under the influence.
The New York Knicks beat the Memphis Grizzlies 130-119 on Wednesday night.
Preparations for Passover in Brooklyn blend centuries-old rituals with modern traditions unique to each family.
New York has filed a lawsuit against solar company Attyx, saying it didn't just sell panels, it sold promises it couldn't keep.
Long before Manhattan's iconic street grid took shape, an English widow planned a Brooklyn community that helped shape the city today.
The Center for Brooklyn History showcase examines the Battle of Brooklyn through rare maps, paintings, and historical artifacts from the American Revolutionary War.
From World War II to modern mixology, women in Brooklyn fought for their place behind the bar. This Women's History Month, their legacy continues to influence the city's nightlife.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Fans are in for a treat as the worlds of "Fire Country" and "Sheriff Country" collide this week in a two-hour crossover. Stars Max Thieriot and Matt Lauria spoke with CBS News New York's Cindy Hsu about the special event.
The Artemis II mission is now out of Earth's orbit and on its way to the moon, traveling at 4,700 mph. Kris Van Cleave reports.
It's a pleasant day temperature wise Friday with a warmer Saturday ahead. But, expect rain for Easter Sunday. CBS News New York Meteorologist John Elliott is tracking the showers.
The Way of the Cross procession took place starting Friday morning to commemorate Good Friday. CBS News New York's Doug Williams reports.
The Yankees are hosting the Miami Marlins in their home opener Friday afternoon. CBS News New York's Steve Overmyer reports.
