Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
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Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Markets tried to shake off Monday's massive losses. On Tuesday, the S&P 500 fell yet again.
Many Americans are worrying about their retirement funds as stocks dropped drastically yesterday. CBS2's Elijah Westbrook has more on what this means.
Futures are higher this morning, but it follows more big losses Monday. CBS2's Elijah Westbrook has more on what it means for the average investor.
U.S. stocks plunged on Monday as investors fretted over mounting inflation and geopolitical tensions.
Stocks plummeted on Monday after China escalated its trade battle with the U.S. by letting its currency sink to an 11-year low.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
U.S. stocks are opening 2016 on a grim note, dropping sharply after a plunge in China and declines in Europe.
After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a high of $35.73 in morning trading. The company is valued at $3.33 billion, based on afternoon trading just below $30.
Stocks were deep in the red again on Wednesday, although they did rebound from a mid day swoon. At the closing bell the Dow was down 173 points at 16,141. Earlier in the day it had dipped below 16,000 for the first time since February.
The Dow Jones industrial average closed 334 points lower on Thursday than the day before, in what amounted to the worst drop of the year.
A representative for Crumbs could not immediately say how many workers were affected or how many stores it had remaining on its last day.
The Crumbs Bake Shop closed all of its locations at the end of business Monday night, a manager told CBS 2.
The Standard & Poor's 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting year.
Twitter's stock debut up 73 above its IPO price. Twitter's trading debut is the most highly anticipated since Facebook's last year. Twitter will trade under the ticker symbol "TWTR.''
The exchange sent out an alert to traders at 12:20 p.m. EDT saying that trading was being halted until further notice because of problems with a quote dissemination system.
Indictments were announced Thursday in Newark, where U.S. Attorney Paul Fishman called the case the largest hacking and data breach scheme ever prosecuted in the United States.
The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and the Great Recession.
Trading resumed on the New York Stock Exchange Wednesday after being closed for two days because of Hurricane Sandy. New York Mayor Michael Bloomberg ran the opening bell.
Google's stock plunged after it released its third-quarter earnings report early, apparently by mistake.
Facebook Inc.'s slip left it trading just above $34 as the markets closed Monday.
The initial price didn't hold, gaining 11 percent as investors scrambled to get a piece of the company that started in a Harvard dorm room and became, with Friday's trading, a more than $100 billion giant.
The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3-billion bid from Nasdaq and IntercontinentalExchange to buy the company.
The impending facelift for New Jersey's Liberty State Park is getting closer, but not everyone is on board with the revitalization program.
Brock Nelson scored 2:03 into overtime and the Islanders rallied to beat the Hurricanes on Saturday night.
The New York Knicks beat the Sacramento Kings on Saturday night.
Jack Hughes scored at 4:06 of overtime and the Devils beat the Canadiens on Saturday night.
The president of TWU Local 100, New York City's local transit workers union, is stepping down amid sexual misconduct claims.
The president of TWU Local 100, New York City's local transit workers union, is stepping down amid sexual misconduct claims.
A rare corpse flower bloomed at the Brooklyn Botanic Garden this weekend, and people waited in line for hours to get a whiff of its unique scent.
The New York Jets' exhaustive search for a new general manager ended Saturday with the hiring of Denver Broncos assistant GM Darren Mougey.
ShopRite stores in the Tri-State Area are alerting customers about the national bird flu outbreak and its effect on egg supplies and increased pricing.
Playland Park may not open this summer because of a contract dispute between Westchester County and the park's private operator.
ShopRite stores in the Tri-State Area are alerting customers about the national bird flu outbreak and its effect on egg supplies and increased pricing.
New York City's weather is finally starting to warm up after several days of temperatures below freezing.
NYC saw a couple brutally cold weather days, but there is some relief ahead with temperatures starting to warm up.
The dangerously cold weather continues around NYC, and temperatures won't climb back above the freezing mark for a while.
The cold weather just got even colder around New York City and much of the East Coast.
The impending facelift for New Jersey's Liberty State Park is getting closer, but not everyone is on board with the revitalization program.
The New York Jets' exhaustive search for a new general manager ended Saturday with the hiring of Denver Broncos assistant GM Darren Mougey.
ShopRite stores in the Tri-State Area are alerting customers about the national bird flu outbreak and its effect on egg supplies and increased pricing.
While Newark and New York are sanctuary cities, the recent ICE activity and President Trump's directives cracking down on immigration have some in area schools and places of worship fearing for their futures.
A small earthquake shook part of Paramus, New Jersey on Friday, the U.S. Geological Survey says.
ShopRite stores in the Tri-State Area are alerting customers about the national bird flu outbreak and its effect on egg supplies and increased pricing.
Suffolk County's Crime Analysis Center just got a major expansion thanks to state funding.
Saturday marks 35 years since Avianca Flight 052 crashed on Long Island after it ran out of fuel while circling to land at JFK Airport.
President Donald Trump withdrew a Biden administration plan to set new limits on chemical discharge into drinking water, worrying some Long Island leaders.
Bird flu has been detected in the poultry flock at a commercial farm in Suffolk County, Long Island.
Federal law requires the White House to give Congress a full month of warning and case-specific details before firing a federal inspector general.
The president said the Federal Emergency Management Agency has been too bureaucratic and slow in its response to disasters.
Hundreds of "illegal immigrant criminals" in the U.S. were arrested and hundreds more flown out of the country on military aircraft, the White House said.
The directive allows federal law enforcement agents to carry out immigration-related enforcement actions that are usually reserved for officials under DHS.
Elected officials in Paterson, New Jersey have voted down a proposal that would fine or jail people sleeping in public spaces.
A new study finds that those who responded to the World Trade Center attacks on 9/11 may be at higher risk of early-onset dementia.
Bird flu has been detected in the poultry flock at a commercial farm in Suffolk County, Long Island.
The red food dye is used in products ranging from candies to vegetarian meats.
Officials have blamed a new strain for this winter's surge in norovirus cases.
More than 20 million egg-laying chickens in the U.S. died last quarter, federal data shows.
A film nominated for Best Picture at this year's Oscars features a Coney Island candy store and one of its real-life employees.
The first performers for the 67th Annual Grammy Awards have been announced. Stars like Chappell Roan and Shakira will perform on music's biggest night.
Grammy-winning singer SZA will join Kendrick Lamar on stage at the 2025 Super Bowl halftime show on Feb. 9.
Nominations for the 97th annual Academy Awards were announced Thursday morning, with "Emilia Pérez," "A Complete Unknown" and "Conclave" at the top of the heap in nominations.
Comedian Trevor Noah will return to the Grammy Awards stage to host the 2025 ceremony — his fifth consecutive year leading the show.
Brock Nelson scored 2:03 into overtime and the Islanders rallied to beat the Hurricanes on Saturday night.
The New York Knicks beat the Sacramento Kings on Saturday night.
Jack Hughes scored at 4:06 of overtime and the Devils beat the Canadiens on Saturday night.
The Miami Heat beat the Brooklyn Nets on Saturday night.
The New York Jets' exhaustive search for a new general manager ended Saturday with the hiring of Denver Broncos assistant GM Darren Mougey.
Some residents in Brooklyn say their neighborhood is covered in dust and rattled by noise. They blame a city-owned concrete recycling plant that moved in last year.
Advocates say New York City's street vendors are among the most vulnerable to the Trump administration's immigration policies, and now they're calling on the City Council to help protect them.
The Fort Washington Library reopened to the Washington Heights community Thursday, for the first time since its COVID-19 closure.
The dragon boating community's fate in Queens is uncertain after NYC Parks announced plans to close Pier 1 near Citi Field because of deteriorating wood.
A Brooklyn teen who survived cancer is now using her experience to support others battling the disease.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
CBS News New York's Vanessa Murdock has your weather forecast for January 25 at 11 p.m.
The impending facelift for New Jersey's Liberty State Park is getting closer, but not everyone is on board with the revitalization program. CBS News New York's Alecia Reid explains.
The New York Jets have hired their new general manager, just two days before they're set to introduce their new head coach. CBS News New York's Steve Overmyer has what we know about the man chosen to lead the Jets' front office.
The president of TWU Local 100, New York City's local transit workers union, is stepping down amid sexual misconduct claims.
Police are searching for a man accused of trying to rape a woman in Queens early Friday morning.
