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.
Nicolás Fernández scored on a first-half penalty kick and Agustín Ojeda found the net in the second half to help New York City FC hold off the Columbus Crew 2-1 on Wednesday night.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
The Philadelphia Union beat the New York Red Bulls 3-1 on Wednesday night for their first win in more than three months.
The New York Yankees beat the Pittsburgh Pirates 2-0 Wednesday night for a doubleheader split.
Edison, one of New Jersey's largest municipalities, has furloughed hundreds of workers as they deal with budget woes.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
There was a public hearing on Tuesday night over a proposed Islamic boarding school and mosque in the Long Island hamlet of Bay Shore.
New York City says the average bus speed on Fordham Road in the Bronx is 5 mph, which is why ground was broken Wednesday on a major redesign.
The National Weather Service on Wednesday confirmed four tornadoes touched down in northern New Jersey and New York during severe storms on Tuesday.
A man pretending to be a utility worker was arrested for brandishing a gun, grabbing a woman's neck and taking her purse, the NYPD said.
Severe weather impacted the entire region on Tuesday, with watches and warnings throughout the CBS News New York viewing area.
Stormy weather will return to the New York City area Tuesday after a brief reprieve.
Storms brought flooding rains, damaging winds, hail and lightning to New York and New Jersey on Saturday.
While the air quality is improving, haze still lingers as New Yorkers brace for upcoming rain and possibly severe storms Saturday.
A tornado warning was issued in parts of New Jersey on Thursday evening.
Edison, one of New Jersey's largest municipalities, has furloughed hundreds of workers as they deal with budget woes.
The National Weather Service on Wednesday confirmed four tornadoes touched down in northern New Jersey and New York during severe storms on Tuesday.
There were two confirmed tornadoes in northern New Jersey on Tuesday.
Severe weather impacted the entire region on Tuesday, with watches and warnings throughout the CBS News New York viewing area.
There have been major developments in the case of a social media influencer who was gunned down last summer on the Cross County Parkway in Westchester.
There was a public hearing on Tuesday night over a proposed Islamic boarding school and mosque in the Long Island hamlet of Bay Shore.
An electrical transformer caught fire outside the Nassau County Court Building on Long Island on Tuesday.
There was a special celebration at Long Island Children's Hospital on Tuesday for two facility dogs who bring comfort to young patients. CBS News New York's John Dias reports.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
Severe weather impacted the entire region on Tuesday, with watches and warnings throughout the CBS News New York viewing area.
New York City says the average bus speed on Fordham Road in the Bronx is 5 mph, which is why ground was broken Wednesday on a major redesign.
A June 1 trial date was set Wednesday for Nicolás Maduro and his wife to face drug trafficking charges.
New York City Mayor Zohran Mamdani conceded late Tuesday that the city does not have the authority to arrest Israeli Prime Minister Benjamin Netanyahu.
Despite promises of action from Mayor Zohran Mamdani, the blocks-long homeless encampments on the West Side of Manhattan continue to stir controversy.
An attorney representing an Upper East Side woman whose husband just died from Legionnaires' disease is planning to take legal action.
Thirty-four cooling towers at 33 buildings on the Upper East Side tested positive for live Legionella bacteria, the New York City Health Department announced Tuesday.
An attorney representing an Upper East Side woman whose husband just died from Legionnaires' disease is planning to take legal action.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
For the third day in a row, the NYC Health Department has announced a death in the Upper East Side Legionnaires' disease cluster.
A second death has been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Saturday.
Madonna, Justin Bieber, BTS and Shakira each brought a bit of one of their hits to the World Cup's first halftime show in a whirlwind performance Sunday that also squeezed in Burna Boy, Ted Lasso and many Muppets.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The final show of Jay-Z's anniversary concert series at Yankee Stadium was delayed for hours after hundreds of ticketless fans flooded the gates and breached security, according to officials.
Jay-Z and some very special guests took over Yankee Stadium on Friday night, performing to a sold-out crowd.
Nicolás Fernández scored on a first-half penalty kick and Agustín Ojeda found the net in the second half to help New York City FC hold off the Columbus Crew 2-1 on Wednesday night.
The Philadelphia Union beat the New York Red Bulls 3-1 on Wednesday night for their first win in more than three months.
The New York Yankees beat the Pittsburgh Pirates 2-0 Wednesday night for a doubleheader split.
Joey Ortiz went 3 for 3 and was a homer away from the cycle to help the Brewers defeat the Mets 4-3 on Wednesday.
Jared Triolo and Jake Mangum hit run-scoring singles against Fernando Cruz in the 10th inning, lifting the Pirates to a 5-3 win over the Yankees in the opener of a day-night doubleheader.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
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 NYPD has released video of a man wanted for an alleged hate crime in Brooklyn.
CBS News New York's Lonnie Quinn has your First Alert Forecast for July 22 at 11 p.m.
An emergency meeting is set for Thursday in Edison, New Jersey, as budget woes have furloughed hundreds of township employees. The mayor says it's impacting public safety and it could get worse if councilmembers fail to approve a spending plan. CBS News New York's Naveen Dhaliwal reports.
A Queens soldier is now being remembered as an American and a hometown hero. Sgt. Angel Rampersad is among four U.S. troops to be killed in the Mideast during the war with Iran. CBS News New York's Dick Brennan reports.
A Delta Airlines pilot was notified about a threat while landing at LaGuardia Airport on Tuesday night, but it turned out to be a hoax.
