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.
The man accused of driving drunk and killing a Nassau County police officer in January has changed his plea to guilty.
What began as a reading group for theater lovers has grown into a weekly gathering at the Brooklyn Public Library where New Yorkers of all backgrounds come together for discussion, connection and creativity.
New York Gov. Kathy Hochul is reacting to threats from President Trump's border czar about sending more ICE agents to the state.
Long Island reporter Jennifer McLogan was presented with a Lifetime Achievement Award at the 2026 Folio Awards Luncheon.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
The man accused of driving drunk and killing a Nassau County police officer in January has changed his plea to guilty.
What began as a reading group for theater lovers has grown into a weekly gathering at the Brooklyn Public Library where New Yorkers of all backgrounds come together for discussion, connection and creativity.
Long Island reporter Jennifer McLogan was presented with a Lifetime Achievement Award at the 2026 Folio Awards Luncheon.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
The first World Cup game at MetLife Stadium is Saturday, and it will be a major test for NJ Transit. Here's what to expect.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Thursday and Friday will be First Alert Weather Days in the New York City area, with high temperatures and the chance for strong storms.
The Stamford Fire Department said high winds ripped the 3,000-square-foot flag off the pole atop the WWE building and sent it flying into electrical wires.
Storms hit the New York City area on Saturday, bringing damaging winds, hail and downpours across the region.
It's unseasonably warm in New York City on Wednesday as humidity adds to the summer-like weather. There's also a slight chance for showers in parts of the Tri-State Area.
The first World Cup game at MetLife Stadium is Saturday, and it will be a major test for NJ Transit. Here's what to expect.
With the temperatures rising into the 90s and a dangerous heat index, Newark, New Jersey, is activating a Code Red warning to keep residents and soccer fans attending World Cup festivals safe.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Fans will soon gather at Choripan in Hackensack, New Jersey, to root for Argentina as they look to win their second consecutive World Cup title.
MetLife Stadium, which hosts its first match of the World Cup this Saturday, has undergone a transformation.
The man accused of driving drunk and killing a Nassau County police officer in January has changed his plea to guilty.
Long Island reporter Jennifer McLogan was presented with a Lifetime Achievement Award at the 2026 Folio Awards Luncheon.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
A Long Island woman says her efforts to avoid check washing didn't keep her from being robbed, calling the experience "upsetting and disheartening."
The 2026 FIFA World Cup is front and center in New York and New Jersey, where there are plenty of free watch parties and events happening.
New York Gov. Kathy Hochul is reacting to threats from President Trump's border czar about sending more ICE agents to the state.
Multiple floors of the Pentagon were locked down for several hours Thursday morning and hazmat crews were deployed for what authorities had described as a "hazardous materials incident."
A judge has found former New York City Comptroller Brad Lander not guilty in a bench trial over his arrest at the city's immigration court last fall.
The bench trial of former New York City Comptroller Brad Lander over his arrest at the city's immigration court last fall got underway on Wednesday in Manhattan.
Calls to ban horse carriages in New York City are growing after a horse collapsed and died in Central Park Tuesday.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
There's no vaccine for the Bourbon virus, nor medicine to treat it, according to the U.S. Centers for Disease Control and Prevention.
Marie Francillion was diagnosed with lung cancer after she was feeling heartburn and shoulder pain. She said she's able to remain hopeful and spend more time with her family because of a different type of treatment.
Taylor Swift attended Game 4 of the NBA Finals between the Knicks and Spurs at Madison Square Garden on Wednesday.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
The Broadway revival of the musical (nominated for 11 Tony Awards) depicts drama, joy and heartbreak in the pursuit of the American Dream at the turn of the 20th century, with parallels to the contemporary world, from issues of race to the immigrant experience.
Madonna performed a surprise concert in Times Square weeks before the release of her "Confessions II" album.
Knicks superfan Spike Lee stopped by CBS Mornings to give his thoughts as the Knicks get set to play in the NBA Finals, and he offered his prediction, too.
The first World Cup game at MetLife Stadium is Saturday, and it will be a major test for NJ Transit. Here's what to expect.
Juan Soto hit a go-ahead homer in the seventh inning and the New York Mets earned a 5-4 win over the St. Louis Cardinals on Thursday.
The NYPD said "reckless and dangerous" fan behavior before and after the game between the Knicks and Spurs justified stepped-up security around the Garden.
A video shared online shows at least one egg tossed in the direction of the San Antonio Spurs superstar as he entered his hotel following the loss to the Knicks.
Fans will soon gather at Choripan in Hackensack, New Jersey, to root for Argentina as they look to win their second consecutive World Cup title.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
Harlem's historic Cotton Club recently announced it was up for sale. The news comes as jazz clubs across the borough disappear.
Jasir Gipson was shot by a stray bullet at 5 years old while walking with his mother. More than a decade later, he's graduating from high school with nothing but a smile.
Garbage piling up near freight train tracks is frustrating many Maspeth residents.
Residents and elected officials are urging the MTA to reopen the Long Island Rail Road's former Elmhurst station, arguing that the neighborhood has outgrown its current transit options.
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 theater workshop at the Brooklyn Public Library has turned into something far bigger. CBS News New York's Hannah Kliger shows us how New Yorkers from various walks of life are finding a sense of community in an unexpected place.
Twelve-year-old Knicks superfan Carmelo Rios, who was named after Knicks legend Carmelo Anthony, got to meet his namesake at Game 4 of the NBA Finals.
Fans from around the world got together at American Dream to watch the first match of the 2026 FIFA World Cup. CBS News New York's Nick Caloway reports.
The FDNY added 35 names Thursday to the Retired Responders Wall at the department's headquarters in Brooklyn. They were all retired FDNY members who still responded to the 9/11 attacks and died from 9/11-related illnesses.
Lander, the former NYC comptroller who is now running for Congress, was charged with obstructing an elevator at 26 Federal Plaza.
