New York stock traders sound alarm on spike in pump-and-dump schemes
Data shows a massive increase in pump-and-dump schemes over the last year. Two traders from New York say it cost them tens of thousands of dollars.
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Data shows a massive increase in pump-and-dump schemes over the last year. Two traders from New York say it cost them tens of thousands of dollars.
It's a type of stock market scheme that's emptying bank accounts all over the country. Two stock traders from New York told investigative reporter Tim McNicholas it cost them tens of thousands of dollars.
The stock and bond markets are closed for Good Friday, but will reopen on Monday, following the Easter holiday.
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.
It made for another volatile day on Wall Street, as stocks plunged and then surged throughout the day. CBS News New York's Dick Brennan reports.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
It was yet another volatile day of trading on Wall Street, with stocks plunging and then surging. In the end the Dow closed nearly 350 points lower. CBS News New York's Jessica Moore has the latest.
Stocks continued to tumble in the U.S. Friday as financial markets suffered their biggest two-day drop since 2020.
Stock futures are pointing to another major drop in U.S. financial markets as global trade war risks rise.
Nasdaq also sinks more than 1,000 points as investors fret over the potential economic impact of President Trump's latest tariffs.
U.S. financial markets look set to crater in early as trade, with Dow future down nearly 1,300 points.
It was a brutal day on Wall Street as stocks plunged to the worst numbers we've seen since 2022. The Dow Jones ended 890 points down, the "S and P" dropped 155 and the NASDAQ sank by 727 points. Are President Trump's new tariffs and looming recession to blame? Bankrate Senior Industry Analyst Ted Rossman explains.
Leading U.S. stock indexes are falling in early trading amid concerns the economy is losing momentum and the impact of tariffs.
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.
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.
CBS News observed two MS NOW employees being turned away from the White House on Saturday morning.
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.
