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.
Adams had eight catches for 195 yards and two touchdowns as the Rams cruised past New York after Jaxson Dart's early exit due to a knee injury on Monday night.
Mayor Zohran Mamdani and President Trump held a high-profile meeting in New York City on Monday. It marked the third time they have met, but the first at Gracie Mansion.
Two children in the New York City area have taken on adult responsibilities by caring for a loved one as they try to juggle their own lives.
A man stabbed at a Queens subway station on Sunday evening is sharing details about the traumatic moment he was attacked.
Flights at Newark Liberty International, John F. Kennedy International and LaGuardia airports were delayed due to an equipment outage, the FAA says.
Mayor Zohran Mamdani and President Trump held a high-profile meeting in New York City on Monday. It marked the third time they have met, but the first at Gracie Mansion.
Two children in the New York City area have taken on adult responsibilities by caring for a loved one as they try to juggle their own lives.
A man stabbed at a Queens subway station on Sunday evening is sharing details about the traumatic moment he was attacked.
Flights at Newark Liberty International, John F. Kennedy International and LaGuardia airports were delayed due to an equipment outage, the FAA says.
A 34-year-old man was conducting an experiment in his Mineola apartment when the mixture reacted violently, according to law enforcement officials.
The Beardsley Zoo in Bridgeport announced it welcomed its first-ever red panda cub, marking an important achievement for the endangered species.
Rain totals on Sunday were much less substantial compared to last Sunday's prolific totals, generally averaging less than 1 inch in most locations.
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.
Flights at Newark Liberty International, John F. Kennedy International and LaGuardia airports were delayed due to an equipment outage, the FAA says.
Part of a Lavallette, New Jersey, liquor store was boarded up and a bouquet of flowers was left outside Sunday night, somber reminders of a horrific crash that killed a woman a day earlier.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
Ahead of the beatification of Archbishop Fulton J. Sheen on Sept. 24, the Cathedral Basilica of the Sacred Heart in Newark, New Jersey, will be displaying items from his life and work.
A 34-year-old man was conducting an experiment in his Mineola apartment when the mixture reacted violently, according to law enforcement officials.
CBS News New York's John Elliott reports from the Brain Aneurysm Foundation Long Island Run/Walk at Jones Beach State Park on Sept. 19, 2026.
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.
Mayor Zohran Mamdani and President Trump held a high-profile meeting in New York City on Monday. It marked the third time they have met, but the first at Gracie Mansion.
The city's Department of Transportation announced the alert is in effect from Monday through Friday, when traffic is expected to be at its slowest and most congested
The three news organizations, which were banned from White House grounds by President Trump, are arguing that the ban is unconstitutional.
The world is coming together at the United Nations this week and that means New York City is on high alert.
New York City Mayor Zohran Mamdani and President Trump have met at least twice since Mamdani was elected last year.
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.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
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.
Adams had eight catches for 195 yards and two touchdowns as the Rams cruised past New York after Jaxson Dart's early exit due to a knee injury on Monday night.
Nolan Arenado hit his third grand slam of the season top help the Diamondbacks beat the Yankees 8-4 on Sunday.
Cristopher Sánchez earned his major league-leading 18th win Sunday, leading the Phillies to a 7-2 victory over the Mets.
Trey Smack kicked a 26-yard field goal in overtime and the Packers snapped a six-game skid with a 20-17 victory over the Jets on Sunday.
Longtime NFL executive Ernie Accorsi, who built the New York Giants core that won the Super Bowl twice after his retirement has died. He was 84.
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.
The shooting happened on Beach Channel Drive. Police sources told CBS News New York the suspect was trying to steal the teenager's scooter. Kristine Johnson reports.
Loved ones say the victim was on his way to work but never made it. They spoke with CBS News New York's Naveen Dhaliwal as they try to understand how someone could hit him and keep going.
CBS News New York's Rob Flaks has more on the frustration at LaGuardia Airport.
Mr. Trump and Mamdani discussed a potential housing project in Sunnyside, Queens, among other topics. CBS News New York's Allen Devlin reports.
CBS News New York's Otis Livingston has the latest on what was a difficult night for Big Blue on the West Coast.
