'Downgrade' On The Upswing
WCBS 880's Pat Farnack had her weekly chat with language maven Ben Zimmer.
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WCBS 880's Pat Farnack had her weekly chat with language maven Ben Zimmer.
It's understandable if people are getting dizzy watching the Dow, considering Wednesday's shocking 519 point plunge. That was just the latest go round on the Dow's recent wild ride as the index closed up 423 points on Thursday.
It was yet another rough day on Wall Street Wednesday, a day after the Dow Jones Industrial Average posted its biggest gain since early 2009.
The Dow picked up steam late in the trading day Tuesday and closed up nearly 430 points.
Former President Bill Clinton had it right when he said "it's the economy, stupid." And as our economic woes have increased so have Americans' pessimism about where the country is going.
What happens when economic desperation is combined with youth and the internet?
Wall Street was not for the faint of heart Friday. The breathtaking peaks and valleys of the day came to an end with the Dow closing up 61 points.
According to a new Siena College research poll, talk of the default and Wall Street's plunge are worrying shoppers.
Despite the recent ups and downs of the stock market that, economists say, could continue through the fall, there are some good news for consumers.
Despite all of the instability in the economy, real estate sales in Fairfield County, Connecticut are holding relatively steady.
Currently, there are almost 40,000 vacant homes or apartments on the island.
Fifty-four percent of New Yorkers say that their personal finances are suffering because of the high prices of gas and food.
St. Sen. David Carlucci is urging Gov. Andrew Cuomo to sign the Power New York Act of 2011.
Less than 24-hours after pulling the plug on his congressional career, Anthony Weiner is holing up in the Hamptons. Sooner or later, though, he's going to have to get a new job, and the offers have already started to pour in.
As college students celebrate graduation, many now know the harsh reality of joining the long lines of job-seekers. At Rutgers University, students were back on campus trying to find work at a job fair.
A New York poll provides grim evidence of a continuing exodus from the state, once the national leader in manufacturing and other high-paying jobs.
It's not just pain at the pump that's causing frustration in the Tri-State Area. After 35 straight days of rising gas prices, the checkout lane will soon become more painful as well.
In the last ten years, the recycling rate has has gone from 29 percent to 24 percent on Long Island.
Volcker says the nation's growing debt level is an urgent issue, warning the country could reach a "tipping point'' if debt gets too high.
On average, New York City employees are paid 17 percent less than workers in the private sector, according to Comptroller John Liu.
New evidence on Friday morning revealed that the economy added 192,000 jobs in February, and the unemployment rate dropped to 8.9 percent—the lowest in almost two years.
Tilapia and roasted pork. That's what's on the menu tonight at Union Restaurant & Bar Latino in Haverstraw.
The Tourism Industry Coalition of New York State said more than 200 people involved in the tourism industry will meet with legislators Tuesday in an effort to keep $7.4 million in tourism marketing from being reduced.
Years ago Yonkers may not have been the most desirable place to live, but Mayor Amicone says that's changed.
The temperatures are low and filling up at the gas station will leave our bank accounts the same way.
A New Jersey woman is trying to understand how a shocking message was left on her birthday dessert at a local restaurant.
A Bronx mother of three lost nearly everything after a devastating fire. A complete stranger saw her story and decided he had to help.
Defender James Sands made a spectacular goal clearance before scoring in first-half stoppage time to help NYCFC earn a 1-1 draw with the New England Revolution on Sunday.
A small earthquake was detected in Morris County, New Jersey, on Saturday, officials say.
The meeting came with Democrats expected to take control of the House in the November elections, which would put Jeffries in line to become the next House speaker.
A Bronx mother of three lost nearly everything after a devastating fire. A complete stranger saw her story and decided he had to help.
A nice stretch of weather kicks off the week in the New York City area before a heightened chance of rain returns.
The NYPD is looking for a hit-and-run driver who they say fatally struck a woman in Greenwich Village early Sunday morning.
A shooting at a Brooklyn restaurant early Sunday morning left one employee dead and another injured, police sources say.
New York City's EMS needs to be competitive in salary as the department faces staffing struggles, FDNY Commissioner Lillian Bonsignore says.
A nice stretch of weather kicks off the week in the New York City area before a heightened chance of rain returns.
Along with the increasingly humid conditions comes another chance of showers and storms overnight Saturday into Sunday.
Rainy weather returns to the New York City area Sunday, bringing with it the threat of flooding.
Bayonne, New Jersey, is heading to the Little League World Series after beating Darien, Connecticut, in the Metro Region Tournament on Friday.
We're in great shape on this Friday as we gear up for another weekend.
A New Jersey woman is trying to understand how a shocking message was left on her birthday dessert at a local restaurant.
A small earthquake was detected in Morris County, New Jersey, on Saturday, officials say.
A nice stretch of weather kicks off the week in the New York City area before a heightened chance of rain returns.
The boys from Bayonne, New Jersey, had their first loss of the season Sunday, but their Little League World Series journey isn't over yet.
The Keasbey Fire Department in Woodbridge Township, which first organized 118 years ago, is set to close in October.
A funeral was held Sunday for a Long Island woman who died after her SUV plunged into a backyard pool.
Suffolk County Police say officers rescued a family from a boat that ran aground in the mouth of the Fire Island Inlet early Sunday morning.
Long Island's Sun and Surf Beach Club remained closed Saturday, two days after it was ravaged by a tornado.
Long Island's Sun and Surf Beach Club remained closed Saturday, two days after it was ravaged by a tornado. CBS News New York's Kristie Keleshian reports.
Cleanup efforts continue this weekend on Long Island after an EF-1 tornado hit the area Thursday. CBS News New York's Kristie Keleshian reports.
The meeting came with Democrats expected to take control of the House in the November elections, which would put Jeffries in line to become the next House speaker.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic between the historically allied countries continue.
President Trump and first lady Melania Trump began the Freedom 250 Grand Prix IndyCar race through the streets of Washington, D.C, with a slow lap around the course.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
A New Yorker has tested positive for West Nile virus, the city health department announced Wednesday.
Researchers say an alarming study on cognitive decline is specific to the African American community in Newark, New Jersey.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Two more deaths have been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Friday.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Brian Hickerson and his brother, Zach, made the 911 call that brought first responders to the apartment where Hayden Panettiere was found unresponsive.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
The lineup for the 2026 Global Citizen Festival in New York City was announced Thursday.
Latin music stars Marc Anthony, Feid, and others are set to perform at a benefit concert in Miami on August 16.
Defender James Sands made a spectacular goal clearance before scoring in first-half stoppage time to help NYCFC earn a 1-1 draw with the New England Revolution on Sunday.
It was Peters' third walk-off hit of the season.
The New York Yankees pulled away for an 8-3 victory over the Toronto Blue Jays on Sunday.
The boys from Bayonne, New Jersey, had their first loss of the season Sunday, but their Little League World Series journey isn't over yet.
The New York Mets beat the AL Central-leading Chicago White Sox on Saturday night.
The DSNY reported an increase in needle stick injuries for New York City sanitation workers.
A Queens homeowner says that overgrown city trees on her block are creating a safety hazard at night.
Neighbors say Flushing Meadows Corona Park has been falling into disrepair for years.
The owner of a beloved Harlem food truck known for its burgers under $5 is retiring and selling the business.
The historic Art Deco bathhouse at Jacob Riis Park is getting a new life as the Rockaway Ocean Club. But as the long-dormant building reopens, some locals are questioning who will have access to its amenities.
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 August 23 at 11 p.m.
Two months ago, we introduced you to a mother of three who had lost nearly everything after a fire forced her family from their Bronx apartment. A complete stranger saw her story and decided he had to help. CBS News New York's Naveen Dhaliwal reports.
A funeral was held Sunday for a Long Island woman who died after her SUV plunged into a backyard pool.
A New Jersey woman is trying to understand how a shocking message was left on her birthday dessert at a local restaurant. CBS News New York's Andrew Ramos reports.
Police are searching for a hit-and-run driver who the NYPD says fatally struck a 22-year-old woman in Greenwich Village. CBS News New York's Lisa Rozner reports.
