U.S. economy went into reverse in the first quarter, new GDP data shows
The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
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The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024.
President Trump has officially hit 100 days in his second term. The president plans to celebrate the milestone with a rally in Michigan. This as new CBS news polling shows many Americans are concerned about Trump's handling of the economy. Grant Reeher, political science professor at Syracuse University's Maxwell School of Citizenship and Public Affairs, breaks down the biggest moments from the last 100 days.
The president has a rally planned in Michigan, and his administration is expected to make an announcement about his 25% tariffs on foreign cars and parts.
Trump's ratings on economy are lower, but his deportation plan keeps majority support.
The president will mark his 100th day in office this week, as new CBS News polls show Americans are primarily concerned with one of his top issues: the economy.
The president is now refuting reports that electronics from China will be exempt from the tariffs.
President Trump undergoes his annual physical Friday, but it's the future health of the economy that some analysts are worried about. CBS News' Natalie Brand reports.
The president issued a 90-day pause on the tariffs for most countries, except China. But as CBS News' Natalie Brand reports, Beijing has signaled a willingness to talk.
Although China is one of the United State's biggest trading partners, President Trump leveled 125% tariffs on the country, despite pausing them for others. Now with China imposing retaliatory tariffs, what kind of impact could this have on the economy? Bankrate Financial Analyst, Mark Hamrick, breaks down the ongoing trade war.
President Trump's aggressive use of tariffs has fueled concerns about the economy and roiled the stock market.
For more on the ever-changing tariff situation, we hear from Cris Deritis, deputy chief economist at Moody's.
The president is expected to meet with his cabinet Thursday, one day after he hit the pause button on most of his global tariffs. CBS News New York's Christina Fan has the latest on the market response.
The U.S. stock market surged immediately after President Trump announced the pause on most of his new "reciprocal tariffs."
President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.
Bankrate financial analyst Mark Hamrick explains what to expect as the tariffs take effect on the stock market.
The markets have steadied a bit after President Trump threatened to raise his double-digit tariffs even higher. David Lester, of DCL Capital, explains what it means for investors.
U.S. stock futures have plummeted as Wall Street appears to be headed for another day of big losses. CBS News New York's Elijah Westbrook has the latest.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
The president is expected to lay out the details of his new tariffs on imported goods. CBS News New York's Elijah Westbrook has the details.
As Americans await the exact details of President Trump's long awaited tariffs against all U.S. trading partners, the lead-up to the announcement has rattled global markets and consumer confidence. CBS News' Derick Waller has the latest.
Stocks whipsawed on Monday on economic worries, ending the quarter with its worst performance in three years.
As CBS News' Natalie Brand reports, the tariffs come as a new CBS News poll shows more than half of Americans believe the president is not focused enough on lowering prices.
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
What was once a 25% tariff on steel and aluminum imported from Canada is now 50%. As CBS News New York's Jessica Moore reports, it comes on top of growing fears of a recession after a dismal day on Wall Street.
The U.S. market suffered its worst day of the year as concern grows over a tariff war. CBS News New York's Elijah Westbrook explains.
New York City's EMS needs to be competitive in salary as the department faces staffing struggles, FDNY Commissioner Lillian Bonsignore says.
The New York Yankees pulled away for an 8-3 victory over the Toronto Blue Jays on Sunday.
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.
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?
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.
New York City's EMS needs to be competitive in salary as the department faces staffing struggles, FDNY Commissioner Lillian Bonsignore says.
A Burmese python was confiscated near the Coney Island boardwalk in July, New York state officials say.
A free memorial concert was held Saturday night at the College of Staten Island to pay tribute to those killed on 9/11.
Long Island's Sun and Surf Beach Club remained closed Saturday, two days after it was ravaged by a tornado.
A man was shot and killed in Brooklyn on Friday night in what police sources say may have been a road rage incident.
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.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
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.
The undefeated Bayonne, New Jersey, all-star Little Leaguers beat West Chester, Pennsylvania, on Friday night in their second game in the Little League World Series.
Along with the increasingly humid conditions comes another chance of showers and storms overnight Saturday into Sunday.
Bayonne is still riding the high from Wednesday night's Little League World Series game, where the boys beat Massachusetts 2-1.
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 clean-up at a Long Island beach club after Thursday's tornado will take some time. CBS News New York's Adi Guajardo reports.
The Milleridge Inn in Jericho went up in flames Thursday night. It's a piece of Long Island history. The main restaurant dates all the way back to 1672.
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.
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.
A federal appeals court said the top federal prosecutor in the Northern District of New York was unlawfully serving when he subpoenaed state Attorney General Letitia James.
A New York woman is accused of plotting "a major attack" on the state Capitol building in Albany, authorities said Thursday.
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.
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 New York Red Bulls rallied for a 1-1 draw with the Chicago Fire on Saturday night.
Miami's No. 2 QB Quinn Ewers missed the game with a groin injury sustained in the preseason opener.
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.
Ellen Hart, owner of the popular Theater District restaurant Ellen's Stardust Diner, discussed her success as a restaurant owner, her past as Miss Subways and more. Watch her full appearance on "The Point with Marcia Kramer."
FDNY Commissioner Lillian Bonsignore discussed pay parity for EMS workers, marking 25 years since 9/11, and more. Watch her full appearance on "The Point with Marcia Kramer."
Can you afford to go out on a date? Marcia Kramer spoke to some New Yorkers who said even a coffee shop meetup can be a bit pricey these days.
FDNY Commissioner Lillian Bonsignore and Ellen's Stardust Diner owner Ellen Hart join CBS News New York's "The Point with Marcia Kramer."
CBS News New York's John Elliott has your First Alert Forecast for August 23.
