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.
Police body camera video shows the moments a woman and two police officers remove a python that was wedged in the grill of her vehicle in Franklin Township on Monday.
Questions are mounting about the death of a man whose body was found in the chimney of a New York City public school.
One teenage girl was killed and a second was injured after they were struck by a large truck in the East Village on Friday night, police say.
The Mets kept the Phillies from gaining ground in the National League wild-card race with a 6-3 victory Friday night.
Julian Hall scored early in the second half for the New York Red Bulls in a 1-0 victory over New York City FC on Friday night.
Questions are mounting about the death of a man whose body was found in the chimney of a New York City public school.
One teenage girl was killed and a second was injured after they were struck by a large truck in the East Village on Friday night, police say.
NYU Langone has reached an agreement with the Justice Department to end gender-affirming care for minors.
The ground beneath a Long Island woman opened up, swallowing her into the earth below.
Neighbors have been waiting since 2021 for the bridge over the Belt Parkway to be rebuilt and reconnect Bath Beach with the waterfront.
The Beardsley Zoo in Bridgeport announced it welcomed its first-ever red panda cub, marking an important achievement for the endangered species.
New York City and the surrounding area are in for a weather pattern change over the course of the weekend.
Fire departments were hard at work in Paterson, New Jersey, and Fairfield County, Connecticut, due to flash flooding on Sunday morning.
Rainy weather makes a return to the New York City area this weekend.
After a week filled with periods of storminess and high humidity, a calmer and drier weather pattern is settling in for the holiday weekend.
Police body camera video shows the moments a woman and two police officers remove a python that was wedged in the grill of her vehicle in Franklin Township on Monday.
New York City and the surrounding area are in for a weather pattern change over the course of the weekend.
The shooting happened around 7:20 a.m. Friday at the convenience store at the corner of Route 37 and Garfield Avenue, prosecutors said.
Some people in Keyport, New Jersey, claim the site of a former aircraft manufacturing plant is to blame for a growing number of cancer diagnoses, but the state says otherwise.
A truck carrying a boom crane tipped over in River Vale, New Jersey, on Thursday, causing the crane to land on two houses, slicing one in half.
The ground beneath a Long Island woman opened up, swallowing her into the earth below.
The ground beneath a Long Island woman opened up, swallowing her into the earth below. CBS News New York's Jennifer McLogan reports.
Racing returned to Belmont Park Friday afternoon, more than three years after the iconic Long Island track was shut down for renovations. The redevelopment cost $450 million. CBS News New York's Carolyn Gusoff reports.
Racing returns to Belmont Park on Friday, more than three years after the iconic Long Island track was shut down for renovations.
Racing returns to Belmont Park more than three years after the track was shut down for renovations. CBS News New York's John Dias reports.
President Trump said Friday that he is banning CNN, MS NOW and Politico from the White House, the latest move to target media outlets over their reporting.
Hundreds of Jewish students gathered Friday outside New York City Mayor Zohran Mamdani's residence on the Upper East Side to protest antisemitism.
A new rule allowing authorities to deny green cards to immigrants on the basis of being a public charge goes into effect Friday.
A carriage driver whose horse died in Central Park this summer is now suing the city, saying the horse was poisoned by a plant.
The plan to redesign a stretch of Park Avenue has changed a bit based on community feedback.
NYU Langone has reached an agreement with the Justice Department to end gender-affirming care for minors.
A second person has died in the Legionnaires' disease cluster in the South Bronx.
Some people in Keyport, New Jersey, claim the site of a former aircraft manufacturing plant is to blame for a growing number of cancer diagnoses, but the state says otherwise.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
Duncan Sheik died on Thursday night, his family said.
A truck driver who spent two decades building a massive scale model of his native New York City was delighted when it went viral on TikTok.
The Feast of San Gennaro is filling New York City's Little Italy with faith, music, games and many treats starting Thursday.
The iconic Peanuts character Snoopy is getting a new look for the 100th Macy's Thanksgiving Day Parade in New York City.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
The Mets kept the Phillies from gaining ground in the National League wild-card race with a 6-3 victory Friday night.
Julian Hall scored early in the second half for the New York Red Bulls in a 1-0 victory over New York City FC on Friday night.
New York Yankees manager Aaron Boone isn't sure whether Aaron Judge will be able to return for the postseason.
New York Mets first baseman Jared Young will miss the rest of the season because of a concussion.
The Phillies beat the Mets 3-0 Thursday night to tie the Cubs for the top NL wild card.
Neighbors have been waiting since 2021 for the bridge over the Belt Parkway to be rebuilt and reconnect Bath Beach with the waterfront.
The People's Theatre now has its first permanent home in more than 15 years, thanks to help from theater legends from the neighborhood, like Lin-Manuel Miranda.
Brooklyn Greenway Initiative's 1.8-acre native plant sanctuary marks 10 years at a site where historians believe hundreds of human remains still lie
At a Bay Ridge school, students who were born years after the attacks are learning about Sept. 11 through the stories of parents, teachers and first responders who lived through it.
Former Mets players from the 2001 season were at Ladder 25 on the Upper West Side on Tuesday.
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.
A New Jersey woman got a slithery surprise when she was heading out to her car Monday morning. CBS News New York's Rob Flaks reports.
CBS News New York's Lonnie Quinn has your First Alert Forecast for September 18 at 11 p.m.
The ex-husband of Lindsay Clancy is sitting down for an exclusive interview on "60 Minutes" this Sunday along with his new wife. CBS News New York's Dick Brennan reports.
The Yankees are headed to the post-season, but with one big question: will their biggest star be there with them? CBS News New York's Steve Overmyer has the latest on another Aaron Judge injury.
Questions are mounting about the death of a man whose body was found in the chimney of a New York City public school. CBS News New York's Andrew Ramos reports.
