Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
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.
Despite some lingering clouds, Sunday will be a nice finish to the weekend. Highs will reach the low 70s.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
GOP Rep. Elise Stefanik of New York excoriated Biden over a paused weapons shipment to Israel in her address to the Knesset.
Save big on appliances from top brands and retailers gearing up for Memorial Day.
At least five small businesses in Hell's Kitchen have either had a break-in or been vandalized in just the last week.
Despite some lingering clouds, Sunday will be a nice finish to the weekend. Highs will reach the low 70s.
At least five small businesses in Hell's Kitchen have either had a break-in or been vandalized in just the last week.
The New York Liberty's first home game of the season, against the Indiana Fever and rookie sensation Caitlin Clark, set an all-time WNBA record with more than $2 million in tickets sold.
A New York City councilmember has introduced the Fairness in Apartment Rental Expenses Act, aiming to cut down broker fees for renters.
Traffic safety advocates in Brooklyn say the redesign of McGuinness Boulevard is inadequate, and they want changes to be implemented.
Despite some lingering clouds, Sunday will be a nice finish to the weekend. Highs will reach the low 70s.
Today's weather looks to be the pick of the week, as skies clear and temperatures climb.
Temperatures around New York and New Jersey will rebound nicely Monday, as highs reach the upper 60s and low 70s.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
Sunday night may offer a chance to see the northern lights in suburban areas of New York City after an "extreme" geomagnetic storm reached Earth on Friday.
Despite some lingering clouds, Sunday will be a nice finish to the weekend. Highs will reach the low 70s.
Today's weather looks to be the pick of the week, as skies clear and temperatures climb.
A federal judge is considering if lawsuits against NYC congestion pricing should proceed after hours of arguments from people suing to stop the new tolls.
A doctor from New Jersey is one of more than a dozen volunteers who are stranded at a hospital in Gaza and calling on the U.S. government to get them home.
The Giants plan to wear their new "Century Red" uniform up to twice during the 2024 season.
Despite some lingering clouds, Sunday will be a nice finish to the weekend. Highs will reach the low 70s.
A federal judge is considering if lawsuits against NYC congestion pricing should proceed after hours of arguments from people suing to stop the new tolls.
Eight Cricket World Cup matches will be held at Nassau County's International Cricket Stadium in June 2024.
There's an intense debate on whether to arm school security after Farmingdale schools became the latest on Long Island to plan to hire armed guards.
Mother's Day was mostly a gloomy day in New York City and across the Tri-State Area.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
GOP Rep. Elise Stefanik of New York excoriated Biden over a paused weapons shipment to Israel in her address to the Knesset.
A federal judge is considering if lawsuits against NYC congestion pricing should proceed after hours of arguments from people suing to stop the new tolls.
The FBI seized 11 one-ounce gold bars, two one-kilogram gold bars and $486,461 from the New Jersey Democrat's home.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
Leonette Belfield-Carson, whose daughter Jalissa Nadine Carson died of cancer, is now an advocate for other moms with children battling cancer.
A new report from New Jersey's Department of Health shows lead levels in children are dropping but not gone.
Kyle McMorrow was just 36 years old when he suffered a stroke last year. He woke up with neck pain one day, not realizing what was happening.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
A six-footer with an ample black mustache, Dabney Coleman made his mark in numerous popular films.
The 2016 footage, which was obtained and published by CNN, appears to show the rap mogul hitting, dragging and kicking the singer known as Cassie.
A 50-year-old man is charged with assault after actor Steve Buscemi was punched in an apparent random attack in New York City.
Jim Parsons and Mayim Bialik are reprising their roles from "Big Bang Theory" in part one of the "Young Sheldon" series finale.
Caitlin Clark struggled early in her WNBA debut before finishing with 20 points and 10 turnovers as the Indiana Fever fell to the Connecticut Sun 92-71.
Hannes Wolf and Mounsef Bakrar each scored a goal for New York City FC in a 2-1 win over the New York Red Bulls.
Josh Bell hit a tying homer off Edwin Díaz in a four-run ninth inning, the latest costly meltdown by the struggling New York Mets closer, and Otto Lopez singled home the winning run in the 10th as the Miami Marlins rallied for a 10-9 victory.
The New York Liberty's first home game of the season, against the Indiana Fever and rookie sensation Caitlin Clark, set an all-time WNBA record with more than $2 million in tickets sold.
Seize the Grey crossed the finish line first in the Preakness Stakes on Saturday, ending Mystik Dan's Triple Crown bid.
Juan Soto had his first multihomer game with the Yankees, Luis Gil struck out a career-high 14 and New York beat the Chicago White Sox 6-1 to extend its winning streak to a season-high six games.
Traffic safety advocates in Brooklyn say the redesign of McGuinness Boulevard is inadequate, and they want changes to be implemented.
Maimonides Medical Center in Borough Park neighbors two communities that house a large Asian American population.
A Thai community is thriving along Woodside Avenue in Elmhurst, Queens.
Big Reuse says the lot helps take in 2 million pounds of food scraps and yard waste annually to create compost.
The River Garden in West Farms is a place that nurtures home-grown opportunities and curiosity.
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
First responders rushed a person to the hospital after a fire started inside a smoke shop in the Mott Haven section.
President Biden is set to deliver the commencement address at Morehouse College in Atlanta in the face of potential protests. CBS New York's Cristian Benavides reports.
Investigators said a pedestrian walking on the Van Wyck Expressway was struck and killed near Atlantic Avenue.
Two people are dead and a third is hospitalized after shootings in East New York and Brownsville overnight. CBS New York's Zinnia Maldonado reports.
Tony Sadiku has the Tri-State Area's latest First Alert Forecast from Central Park on CBS2 News This Morning.