Dow Closes Up 429 Points After Fed Decides To Keep Interest Rates Near 0 For 2 Years
The Dow picked up steam late in the trading day Tuesday and closed up nearly 430 points.
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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.
Just when the economy seems to be slowly crawling out of recession, there's another potential financial crisis on the horizon!
In this Eye on New York segment, CBS 2's Don Dahler speaks with Rev. Jesse Jackson about the Rainbow PUSH Coalition and its efforts to help rebuild America's economy.
Senate President Stephen Sweeney and Assembly Speaker Sheila Oliver said aggressive efforts are needed to bring down New Jersey's unemployment rate. It's currently 9.2 percent.
New York City Mayor Zohran Mamdani and his wife Rama Duwaji will not attend this year's Met Gala, sources said.
The wife of New York City Mayor Zohran Mamdani has apologized for what she says were "harmful" social media posts she made as a teenager.
A Marine Corps veteran is walking more than 100 miles from eastern Long Island to Staten Island to support a little girl battling cancer.
A Molotov cocktail was found at the site of a fire in Lower Manhattan Friday morning, the NYPD said.
BookCon is returning to New York City for the first time in seven years this weekend. Here's everything you need to know about the popular reading convention.
New York City Mayor Zohran Mamdani and his wife Rama Duwaji will not attend this year's Met Gala, sources said.
The wife of New York City Mayor Zohran Mamdani has apologized for what she says were "harmful" social media posts she made as a teenager.
A Marine Corps veteran is walking more than 100 miles from eastern Long Island to Staten Island to support a little girl battling cancer.
A Molotov cocktail was found at the site of a fire in Lower Manhattan Friday morning, the NYPD said.
CBS News New York's Chris Wragge takes us to the High School of Fashion Industries, where hundreds of students are becoming experts in fashion, photography and business, among many other subjects.
New York City's balmy weather proved to be record-breaking for the date of April 15.
Parts of the New York area could see record high temperatures during a summerlike stretch of weather this week.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
New York City and the Tri-State Area are finally turning the corner to warmer weather this week.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
Gov. Mikie Sherrill is sounding off about the cost of getting to and from the FIFA World Cup games at MetLife Stadium this summer.
CBS News projects that Democrat Analilia Mejia will win the special election in New Jersey's 11th Congressional District, a seat formerly held by Gov. Mikie Sherrill.
Parking at MetLife Stadium will not be allowed during the FIFA World Cup games there this summer.
CBS News New York is investigating the cashless tolling system in New York and New Jersey. Unpaid tolls can spiral into crushing debt — but that's just one of many issues drivers face.
New York City's balmy weather proved to be record-breaking for the date of April 15.
A Marine Corps veteran is walking more than 100 miles from eastern Long Island to Staten Island to support a little girl battling cancer.
A Nassau County man faces multiple charges are he allegedly tried to lure an 11-year-old earlier this week.
Eisenhower Park in East Meadow, Long Island has reopened after a deadly gang-related shooting Wednesday night.
A teenager was killed and two others were hurt in a gang-related shooting in Eisenhower Park on Long Island, police say.
A Long Island woman accused of attempting to kidnap a toddler in Long Beach earlier this month was back in court on Wednesday.
The wife of New York City Mayor Zohran Mamdani has apologized for what she says were "harmful" social media posts she made as a teenager.
The federal government is withholding $73 million in highway funds from New York, Transportation Secretary Sean Duffy said Thursday.
New York City Mayor Zohran Mamdani said he and President Trump are "honest, direct about the fact that we have many disagreements," but they agree on their love for New York City.
New York City Mayor Zohran Mamdani spoke with "CBS Mornings" on Thursday and reflected on his first 100 days in office.
CBS News projects that Democrat Analilia Mejia will win the special election in New Jersey's 11th Congressional District, a seat formerly held by Gov. Mikie Sherrill.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
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 York City Mayor Zohran Mamdani and his wife Rama Duwaji will not attend this year's Met Gala, sources said.
The Rock And Roll Hall of Fame unveiled its list of inductees for 2026, and it includes the Wu-Tang Clan, the legendary, local hip-hop collective.
Jury selection for Harvey Weinstein's rape retrial in a Manhattan courtroom began Tuesday. He is being accused of raping actress Jessica Mann in 2013.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
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.
Mike Trout homered for the fifth time during a four-game series on Thursday, crushing a long drive in the seventh inning for the Angels in an 11-4 victory over the Yankees.
Gov. Mikie Sherrill is sounding off about the cost of getting to and from the FIFA World Cup games at MetLife Stadium this summer.
The New York Islanders are facing criticism for promoting a fundraiser for a former New York City police sergeant who was convicted of manslaughter.
Shohei Ohtani pitched six strong innings, striking out 10, as the Los Angeles Dodgers routed the New York Mets 8-2.
The New York Rangers beat the Tampa Bay Lightning 4-2 on Wednesday night in the regular-season finale for both teams.
Students at M.S. 407 transform a barren space into a habitat for bees and butterflies, part of a broader city push to expand pollinator-friendly green spaces.
Brooklyn officials announced a first-of-its-kind initiative to build sensory rooms in every District 75 elementary school.
New York City Mayor Zohran Mamdani's administration unveiled a dramatic traffic redesign at Brooklyn's Grand Army Plaza.
New York City business owners are pushing on the State Legislature to pass Gov. Kathy Hochul's reforms that would roll back some of the climate legislation passed by New York state in 2019.
Ismael Ox lost his right hand as a child in a grenade attack, survived homelessness in the U.S., and became a citizen, all while training to represent Team USA in para Taekwondo.
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.
Fire marshals are looking into possible molotov cocktails found at the site of a fire in Lower Manhattan Friday morning, the FDNY said.
Sources tell CBS News New York's Marcia Kramer the first couple won't be there for the May 4th fashion event.
An elderly man was shot and killed in the Bronx overnight. Police sources say he was likely an innocent bystander.
Fans attending a FIFA World Cup match could pay hundreds before even getting to the game. Officials from NJ Transit and the host committee are set to meet about the issue Friday. CBS News New York's Elijah Westbrook reports.
Thomas Paine's Common Sense is one of the all-time best-selling books in American history. It was read at establishments across New York and New Jersey, including Fraunces Tavern, which still stands today.
