Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
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Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Small Business Administration Administrator Isabel Casillas Guzman joins CBS New York to discuss the record small business boom America has seen under President Biden.
Wall Street is closely watching the jobs report and next week's inflation data to predict when the Fed might cut rates.
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The Fed decided not to change rates this week, but announced three cuts that are expected later this year. CBS News Business Analyst Jill Schlesinger is here to help explain.
Fed Chair Jerome Powell announced Wednesday the federal funds rate will stay in the 5.25% to 5.5% range. What does that mean for the economy and borrowers?
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
CBS News Business Analyst Jill Schlesinger joins us to discuss the results.
CBS News Business Analyst Jill Schlesinger walks us through the results and explains why the Federal Reserve prefers this report, when it comes to inflation.
The federal government just released the January employment report, which blew past economists' expectations.
A decision on interest rates could be announced today as the Fed wraps up its first meeting of the new year.
New government data shows the economy ended 2023 on a stronger note than anticipated. With GDP growth rates exceeding forecasts in the last two quarters, CBS News business analyst Jill Schlesinger breaks down what these figures mean.
CBS News Business Analyst Jill Schlesinger joins us to explain what happened.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Inflation has cooled from the high levels seen in 2022, but monthly necessities like rent and auto insurance have skyrocketed this year. CBS News' Jo Ling Kent has more on the rise in costs and what that means for the economy.
CBS News Business Analyst Jill Schlesinger joins us to explain what it means for your wallet.
CBS News Business Analyst Jill Schlesinger explains why the year was a resilient one for the U.S. labor market.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
The statewide minimum wage is set to increase by $1 to $15.13 per hour.
It's called the subscription economy, when people pay recurring fees for various services, like entertainment apps or news sites. Experts tell CBS New York's John Dias the end of the year is a great time to check on how much you're actually spending.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
The monthly report signals hiring remains stronger than many economists had forecast, while the jobless rate dipped to 3.7%.
With just weeks to go before the end of the year, a little bit of time and focus could help you make or save money, CBS News Business Analyst Jill Schlesinger explains.
The NYPD is looking for a hit-and-run driver who they say fatally struck a woman in Greenwich Village early Sunday morning.
It was Peters' third walk-off hit of the season.
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.
The New York Yankees pulled away for an 8-3 victory over the Toronto Blue Jays on Sunday.
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 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.
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.
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 clean-up at a Long Island beach club after Thursday's tornado will take some time. CBS News New York's Adi Guajardo reports.
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.
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.
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.
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 New York Red Bulls rallied for a 1-1 draw with the Chicago Fire 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.
Deaths among homeless people in New York City saw a significant drop last year, according to city data.
Mayor Zohran Mamdani is set to return to New York City on Sunday following his week-long vacation with family in upstate New York.
House Democratic Leader Hakeem Jeffries met privately with President Trump's son-in-law, Jared Kushner, several weeks ago in New York, according to The New York Times.
The NYPD is looking for a hit-and-run driver who they say fatally struck a woman in Greenwich Village early Sunday morning. CBS News New York's Lisa Rozner reports.
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.
