Dow Jones index enters correction territory after five weeks of losses
Stocks suffered a fifth straight weekly loss as oil prices climbed and mixed signals on Iran raised fears about inflation and growth.
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Stocks suffered a fifth straight weekly loss as oil prices climbed and mixed signals on Iran raised fears about inflation and growth.
President Trump says the Iran war will end "very soon," but Tehran says it's "prepared to continue attacking" indefinitely, and it won't let oil leave the Gulf.
President Trump's assurances that a rising U.S. death toll and soaring energy prices will be temporary and worth the pain are failing to assuage jittery investors.
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.
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
Banks, post offices and major stock exchanges will be closed in observance of the federal holiday, but some stores are open.
Most major retailers and grocery stores will be open on New Year's Eve, although some will have reduced hours.
Most stores will remain open on Veterans Day, but services like the USPS and many banks will close.
Data shows government shutdowns tend to have a modest impact on financial markets and the broader U.S. economy.
Neil McDonald, CEO of Moomoo Financial, spoke with CBS News New York's Jessica Moore about smart steps beginners can take as they approach investing. Content sponsored by Moomoo Financial.
A key part of the president's agenda is blocked for now, and the ruling sent futures sharply higher overnight. CBS News New York's Christina Fan reports.
Trump's decision to delay the implementation of a 50% tariff on the EU sent stocks skyrocketing Tuesday.
The stock and bond markets are closed for Good Friday, but will reopen on Monday, following the Easter holiday.
The president is now refuting reports that electronics from China will be exempt from the tariffs.
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.
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.
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.
The S&P 500, Dow and Nasdaq surged after President Trump said he was freezing his "reciprocal tariffs" for 90 days.
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.
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.
President Trump said he will slap more tariffs on imports from China if it doesn't withdraw a retaliatory tariff on U.S. products. Beijing bristled at his latest threat.
It was a roller-coaster day in stocks as panic selling subsided, while President Trump threatened to hit China with a 50% tariff.
Nico Hischier scored his second goal of the game on the power play with 1:45 left in overtime to give the New Jersey Devils a 4-3 win over the Ottawa Senators on Sunday night.
Nick Suzuki had a goal and an assist and the Canadiens beat the Islanders 4-1 on Sunday, eliminating New York from playoff contention.
With Sunday's 110-96 loss to the Hornets, the Knicks finished the regular season 53-29 and with the No. 3 seed in the Eastern Conference playoffs.
The Raptors clinched their first playoff berth in four seasons by beating the Nets 136-101 on Sunday in the regular-season finale for both teams.
Yeison Cortes Vasquez was back at his church in Elizabeth, New Jersey, on Sunday, one day after being released from U.S. Immigration and Customs Enforcement custody.
Mayor Zohran Mamdani said La Marqueta in East Harlem, a site owned by New York City, will be developed into the city's first city-run grocery store.
Zohran Mamdani, New York City's first social influencer mayor, has reached 100 days in office, and he's been busy.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
A man with a machete slashed and injured three people at Grand Central in New York City before he was fatally shot by police, the NYPD said.
Hundreds of New York City firefighters spent hours battling a massive fire at a factory in Queens on Friday night
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
New York City and the Tri-State Area are finally turning the corner to warmer weather this week.
When UConn plays Michigan for the NCAA Men's Basketball championship tonight in Indianapolis, there are a few places in New York City where fans can root on their schools.
The average price for a gallon of gas in New York City is now $4.11, which is 82 cents higher than a month ago, according to AAA.
Rain has returned for Easter Sunday in the New York area after the holiday weekend kicked off with May-like weather.
Yeison Cortes Vasquez was back at his church in Elizabeth, New Jersey, on Sunday, one day after being released from U.S. Immigration and Customs Enforcement custody.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
A mass shooting at Chick-fil-A in Union Township, New Jersey, left one person dead and six others wounded, officials said.
A New Jersey pastor who was taken into custody by ICE agents in March has been released.
Crews contained a wildfire in West Deptford, New Jersey that can be seen from Philadelphia.
A major warmup, featuring summer-like temperatures in the 80s, will take over the Eastern Seaboard beginning Monday.
The brutal winter took out much of Southold Town Beach's sand and parking lot, forcing it to close for swimming this summer.
It's been one year since Peishuan Fan and JuanJuan Zwang, a wealthy Long Island couple, vanished without a trace.
Gilgo Beach serial killer Rex Heuermann answered a judge's preliminary questions before pleading guilty to murdering seven women and admitting to killing an eighth.
Rex Heuermann pleads guilty to murdering seven women tied to the years-long Gilgo Beach serial killer investigation.
Yeison Cortes Vasquez was back at his church in Elizabeth, New Jersey, on Sunday, one day after being released from U.S. Immigration and Customs Enforcement custody.
Mayor Zohran Mamdani said La Marqueta in East Harlem, a site owned by New York City, will be developed into the city's first city-run grocery store.
Zohran Mamdani, New York City's first social influencer mayor, has reached 100 days in office, and he's been busy.
A former staffer of Rep. Eric Swalwell said he allegedly forced himself on her after they met for drinks in New York in 2024.
Gas prices put pressure on pocketbooks — and President Trump's ratings — as Iran war continues.
Advocates fear New York state could be taking a step back when it comes to biomarker testing access for those with Medicaid.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
A federal judge in New York has tossed out actor Blake Lively's sexual harassment claims against actor Justin Baldoni over their roles in the movie "It Ends With Us," but left intact a claim for retaliation.
Atlanta rapper Gucci Mane was lured to a Dallas studio for a meeting, then allegedly kidnapped and robbed by a group including rappers Pooh Shiesty and Big30.
Megan Thee Stallion was released from a New York City hospital after she got sick during a performance of "Moulin Rouge! The Musical."
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Nico Hischier scored his second goal of the game on the power play with 1:45 left in overtime to give the New Jersey Devils a 4-3 win over the Ottawa Senators on Sunday night.
Nick Suzuki had a goal and an assist and the Canadiens beat the Islanders 4-1 on Sunday, eliminating New York from playoff contention.
With Sunday's 110-96 loss to the Hornets, the Knicks finished the regular season 53-29 and with the No. 3 seed in the Eastern Conference playoffs.
The Raptors clinched their first playoff berth in four seasons by beating the Nets 136-101 on Sunday in the regular-season finale for both teams.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
New York City business owners are pushing on the State Legislature to pass Gov. Kathy Hochul's reforms that would roll back some of the climate legislation passed by New York state in 2019.
Ismael Ox lost his right hand as a child in a grenade attack, survived homelessness in the U.S., and became a citizen, all while training to represent Team USA in para Taekwondo.
These kids from Brooklyn are playing tennis in their school hallways, cafeterias and auditoriums, to make the most of limited space and resources.
Preparations for Passover in Brooklyn blend centuries-old rituals with modern traditions unique to each family.
New York has filed a lawsuit against solar company Attyx, saying it didn't just sell panels, it sold promises it couldn't keep.
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.
CBS News New York's Craig Allen is calling for the mid 70s on Monday, but then the mercury will rise into the mid 80s on Tuesday, Wednesday and Thursday.
President Trump says the military will begin a blockade in the Strait of Hormuz at 10 a.m., as global energy costs continue to skyrocket. CBS News New York's Allen Devlin reports.
Speaking to supporters in Queens on Sunday, Mamdani revealed the location of the first New York City-run grocery store.
The gunfire erupted just before 9 p.m. on Saturday, sending customers running for cover. One person died and six others were hurt. CBS News New York's Naomi Ruchim has the latest from the scene.
The mayor talks about his favorite and most challenging moments of his first 100 days in office. CBS News New York's Marcia Kramer also speaks with political consultants J.C. Polanco and O'Brien Murray about how hizzoner is doing so far.
