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.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by ICE agents.
New York beat the Cleveland Cavaliers 115-104 in overtime on Tuesday night in Game 1 of the Eastern Conference finals.
The New York Yankees held off the Toronto Blue Jays 5-4 on a 90-degree night Tuesday in the Bronx.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by ICE agents.
Federal agents can no longer make arrests without exceptional circumstances in and around three Manhattan buildings where immigration proceedings occur, a judge ruled.
A New York state lawmaker is trying to nullify a NYC law that requires security gates on storefronts to be mostly transparent.
Fire deaths in New York City are up more than 60% compared to this time last year, data shows.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
Keep an umbrella nearby as there's a chance for showers across the New York and New Jersey area. But the weather will turn to sunshine and warm temperatures for the weekend.
The weather on Wednesday will be a mix of sunshine and clouds with the potential for a shower in New York City. In the evening, rain becomes more widespread.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
A 1.8-magnitude earthquake shook near Gladstone, New Jersey, Tuesday afternoon.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
A jury found Paul Caneiro guilty in February of murdering his brother, sister-in-law, niece and nephew before setting their New Jersey mansion on fire in 2018.
New Jersey wants to help bars and restaurants cash in on the FIFA World Cup by letting them sell more alcohol during the 39-day tournament.
New York City and most of New Jersey are under a heat advisory as the unseasonably hot and humid weather continues.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
The Long Island Rail Road is now back up and running after the MTA and unions reached a tentative deal to end the strike.
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
If history is any indication, the LIRR strike has potential to derail Democratic Gov. Kathy Hochul's bid for reelection.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
Federal agents can no longer make arrests without exceptional circumstances in and around three Manhattan buildings where immigration proceedings occur, a judge ruled.
A New York state lawmaker is trying to nullify a NYC law that requires security gates on storefronts to be mostly transparent.
New York City has extended nearly 100,000 3-K and Pre-K offers for the upcoming school year, New York City Mayor Zohran Mamdani and Gov. Kathy Hochul announced Tuesday.
The Long Island Rail Road is now back up and running after the MTA and unions reached a tentative deal to end the strike.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
American passengers on the MV Hondius cruise ship, which was hit with a deadly outbreak of the hantavirus, are back in the U.S. Three of the at least 10 people confirmed infected in the outbreak have died.
The well-known film critic and journalist Rex Reed has died at 87.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
New York beat the Cleveland Cavaliers 115-104 in overtime on Tuesday night in Game 1 of the Eastern Conference finals.
The New York Yankees held off the Toronto Blue Jays 5-4 on a 90-degree night Tuesday in the Bronx.
The Washington Nationals rallied from an early five-run deficit Tuesday night to defeat the New York Mets 9-6.
The New York Yankees survived another shaky performance by David Bednar to beat the Toronto Blue Jays 7-6 Monday night at Yankee Stadium.
The Mets became the first National League team to score at least 10 runs in an extra inning since the 1919 Cincinnati Reds.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The Second Avenue Subway project has entered phase two of extending the "Q" line, but Harlem businesses say they're struggling to co-exist with the construction.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
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.
New York and New Jersey, as well as other states, stand to benefit from the influx of domestic and international soccer fans. Danielle Zanzalari, an assistant professor of economics at Seton Hall University, explains.
A fire earlier this month shut down the Eugene O'Neil Theater, and performances have been pushed back to May 27.
Benedict Arnold was a hero for the American cause until he sold out the country, providing detailed plans to the British.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by U.S. Immigration and Customs Enforcement agents. CBS News New York's Christina Fan reports.
Police say a 15-year-old boy was taken to the hospital after being stabbed in the Bronx. They are now looking for five people.
