Stocks cap manic week with best performance since November 2023
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.
Watch CBS News
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
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 and cryptocurrency prices set to power higher after Donald Trump wins U.S. presidential election.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The Dow Jones closed at a record high Wednesday. It was a major milestone fueled by the Federal Reserve decision to leave interest rates unchanged for now, but rate cuts could come in the new year. CBS New York's Dick Brennan has more on the fed announcement. Read more: https://cbsloc.al/48cKhnO
The collapse of Silicon Valley Bank is triggering new worries about worldwide financial trouble. Overseas, Credit Suisse's troubles rattled financial markets. CBS2's Dick Brennan reports.
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.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
U.S. stocks lost ground for a second day following Wednesday's sharp decline, as concerns over rising interest rates and a trade war outstripped relief from weaker-than-expected inflation data.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
History was made again on Wall Street Wednesday as the Dow Jones Industrial Average closed above 26,000 for the first time ever.
The Dow Jones industrial average broke through 20,000 points right at the opening bell. The index crossed the line, following record highs on Tuesday.
The Dow was down 2.39 percent upon closing Friday afternoon, ending the worst two-week start to a year in history for U.S. stocks.
U.S. stocks are opening 2016 on a grim note, dropping sharply after a plunge in China and declines in Europe.
Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
The celebration of the U.S. women's hockey team's gold medal-winning victory over Canada on Thursday was especially loud in Westchester County, where starting goalie Aerin Frankel grew up.
After years of construction, work is now under way to connect the new Portal Bridge in New Jersey to the Northeast Corridor. The hope is to make that commute a little easier.
Mayor Zohran Mamdani received blowback on Thursday for killing a headline-grabbing ploy by former Mayor Eric Adams to hire thousands of extra police officers.
People in the Bronx are complaining about painfully long wait times at their local post office as lines sometimes go out the door.
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
The celebration of the U.S. women's hockey team's gold medal-winning victory over Canada on Thursday was especially loud in Westchester County, where starting goalie Aerin Frankel grew up.
After years of construction, work is now under way to connect the new Portal Bridge in New Jersey to the Northeast Corridor. The hope is to make that commute a little easier.
Mayor Zohran Mamdani received blowback on Thursday for killing a headline-grabbing ploy by former Mayor Eric Adams to hire thousands of extra police officers.
People in the Bronx are complaining about painfully long wait times at their local post office as lines sometimes go out the door.
The NYPD said the woman knocked on the door to an East New York apartment before two other suspects drew guns on a man who answered.
A home invasion shut down two schools in Fairfield, Connecticut, as police responded Thursday morning to the scene on Candlewood Road.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
An air quality alert is in effect Wednesday for the second day for New York City and parts of the northern suburbs.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Valentine's Day will be mild in the New York City area, but snow may be on the way to end the weekend.
After years of construction, work is now under way to connect the new Portal Bridge in New Jersey to the Northeast Corridor. The hope is to make that commute a little easier.
A New Jersey barbershop employee is facing charges after allegedly placing cameras in the shop's bathroom, police said.
Video shows flames shooting out of a sewer on Millstone River Road in Hillsborough Township, New Jersey.
Wawa says these four bottled milk products could present a choking hazard and are being recalled as a precaution.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
An air quality alert is in effect Wednesday for the second day for New York City and parts of the northern suburbs.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Potholes are causing even more crashes on an already dangerous stretch of New York 25 on Long Island, officials say.
Hicksville is New York's first school district to ban e-bikes after alarming statistics revealed at least 12 people, mostly young Long Islanders, died on them in the past three years.
Mayor Zohran Mamdani received blowback on Thursday for killing a headline-grabbing ploy by former Mayor Eric Adams to hire thousands of extra police officers.
Just weeks ago, New York City Mayor Zohran Mamdani was against the sweeps. He says now, however, they'll be unlike how they've been done before.
Sen. Chuck Schumer wants the federal government to do away with the statute of limitations on sex abuse and trafficking victims' right to sue.
The Gateway Tunnel Project is poised to get back on track after more than $200 million in funding that had been withheld is now back.
Transit crime has ticked up so far this year, according to NYPD crime data. The NYPD is blaming the recent cold.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
Springsteen is taking his "Land Of Hope And Dreams American Tour" nationwide starting in the spring.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
New York City Department of Environmental Protection said there was a "significant reduction in water usage" throughout the Big Apple during his show. That changed as soon as his performance ended.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
The celebration of the U.S. women's hockey team's gold medal-winning victory over Canada on Thursday was especially loud in Westchester County, where starting goalie Aerin Frankel grew up.
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
In Harlem, a hall-of-famer gymnast is inspiring the next generation in the sport.
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Cleveland Browns safety Ronnie Hickman was assaulted inside a New York City hotel on Monday morning, officials said.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
Residents and skate advocates clash over a proposed Mount Prospect Park skate facility, as city officials promise an updated design this spring.
A Brooklyn community is fighting to turn a forgotten landmark into a heritage center.
Edward R. Murrow High School's new boiler system cuts emissions while doubling as a hands-on sustainability lesson for students.
LUAR Creative Director Raul López says Lady Gaga's salsa-inspired dress in Bad Bunny's Super Bowl halftime show was a moment of pride for Caribbeans and Latinos.
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.
Resident have been protesting against a redevelopment project aimed at replacing thousands of apartments.
Frankel made 30 saves in the Americans' 2-1 overtime win over Canada on Thursday. The celebrations were especially loud at her old skating academy in Westchester. CBS News New York's Kristie Keleshian reports.
Scott Padgett has the Tri-State Area's updated Thursday evening First Alert Forecast on CBS News New York.
Even though his predecessor's plan was seen as a reach by many, the new mayor is still taking heat for not finding a solution to the NYPD's brain drain. CBS News New York's Marcia Kramer reports.
Breathtaking views of the Paterson Falls are available to the public once again.
