Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
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Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
With inflation appearing to slow down nationwide, it means more money will be in your pockets -- even if the Tri-State Area's local report is showing a different outcome. CBS2's John Dias has the details.
New data shows things are calming down just a bit. CBS2's John Dias explains why.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
The 8.3 percent hike in the consumer price index is especially bad news for retirees living on fixed incomes.
Americans are now digging deeper into their wallets for everything from groceries to goods and services with no relief in sight. CBS2's Elijah Westbrook has more.
As CBS2's John Dias reports, there are a number of factors contributing to this key week for the state of the economy.
Some big developments in the business world could affect your finances at home. CBS2's John Dias has the details.
Many Americans are worrying about their retirement funds as stocks dropped drastically yesterday. CBS2's Elijah Westbrook has more on what this means.
Futures are higher this morning, but it follows more big losses Monday. CBS2's Elijah Westbrook has more on what it means for the average investor.
The DOW got off to a rough start Monday morning and didn't recover, CBS2's Tony Aiello reports.
Stocks claw back losses after flirting with the first bear market since early 2020.
U.S. stocks plunged on Monday as investors fretted over mounting inflation and geopolitical tensions.
U.S. stocks slumped on Monday as investors assessed a bevy of risks, including a possible shift in Federal Reserve guidance this week that could hurt corporate profits.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
The Dow jumped 5.3% in early trading, reaching a record high of 29,836. The S&P 500 rose more than 3%, while the Nasdaq added less than 1%.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
There are new signs the road to reopening will be a bumpy ride for the economy.
The family of a woman found dead aboard a boat at the Montauk Yacht Club in August 2025 is filing a lawsuit against the man they say she was with when she died.
New York City lawmakers allege that four major prediction markets engage in deceptive marketing practices and target young adults.
New Yorkers will be able to see a partial solar eclipse Wednesday afternoon.
A 10-year-old girl on Staten Island was injured in a fireworks accident Tuesday night, and now a New York City Parks Department employee is under arrest.
Steven Schwally received the maximum sentence Wednesday after a jury found him guilty of killing four people when he crashed into a Deer Park nail salon in 2024.
New Yorkers will be able to see a partial solar eclipse Wednesday afternoon.
A 10-year-old girl on Staten Island was injured in a fireworks accident Tuesday night, and now a New York City Parks Department employee is under arrest.
Six people are hurt after a fire broke out at a home in the Woodhaven section of Queens early Wednesday morning, firefighters said.
A man says he saved his wife and her friend after their tour boat capsized near Liberty Island last weekend.
There was a show of support Tuesday night outside Yorktown Justice Court, where a former New York City police officer faced charges in the shooting death of a dog named Luke.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
The New York area will get some brief relief Sunday from the humid weather.
Friday evening brought yet another round of prolific thunderstorms to the Tri-State Area.
A 16-year-old boy was killed after he was hit Wednesday night by a Metro-North train going from Danbury to South Norwalk, police said.
Police have made an arrest after a mother and child were hit crossing the street Tuesday morning in New Jersey.
New technology is being installed at Newark that will help track planes and vehicles moving around the airport.
Four suspects pulled off a brazen smash-and-grab robbery inside a Woodbridge, New Jersey, jewelry store over the weekend.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
Residents of a Newark apartment complex got a startling wakeup call Sunday morning when police in tactical gear, responding to reports of multiple people shot, stormed their building.
The family of a woman found dead aboard a boat at the Montauk Yacht Club in August 2025 is filing a lawsuit against the man they say she was with when she died.
Steven Schwally received the maximum sentence Wednesday after a jury found him guilty of killing four people when he crashed into a Deer Park nail salon in 2024.
Rafael Rubio, the New York City Council worker who was detained and released by U.S. Immigration and Customs Enforcement, has now been granted asylum.
Ethan Funk, a 20-year-old Long Island college student, can tell you what day of the week any particular date fell on, regardless of how long ago it was.
A Long Island college student is wowing people with what his mom calls his "superpower." CBS News New York's John Dias reports.
Democratic Rep. John Larson — who has represented central Connecticut since the late 1990s — lost his party's primary Tuesday to former Hartford Mayor Luke Bronin, CBS News has projected.
Rafael Rubio, the New York City Council worker who was detained and released by U.S. Immigration and Customs Enforcement, has now been granted asylum.
President Trump is weighing in on New York City's new pied-à-terre tax, a day after a judge on Staten Island temporarily blocked implementation of the controversial measure.
Back in March 1994, Yossi Spalter traveled on a van with his Yeshiva classmates from Manhattan to Crown Heights over the Brooklyn Bridge. The trip changed his life.
A judge on Staten Island has temporarily blocked implementation of New York City's new pied-à-terre tax.
New Yorkers who buy their own health insurance could pay more as insurers file requests with the State Department of Financial Services to increase premiums.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The New York Hotel and Gaming Trades Council claims The High Line Hotel tested positive for Legionella bacteria twice this summer.
Several lawsuits were announced Thursday against New York City and others connected to a deadly 2025 Legionnaires' outbreak in Harlem.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
Actor and comedian Bowen Yang will portray Mary Todd Lincoln in Broadway's "Oh, Mary!" for a limited 12-week run starting in September.
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
"The Sopranos" actor Vincent Pastore is being remembered as a fixture in his Bronx community.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
A new Broadway show based on Prince's movie and album "Purple Rain" will take the stage at Broadway's Majestic Theatre in March.
Ryan McMahon and Trent Grisham each hit a two-run single in the seventh inning to send the Yankees past the slumping Mariners 4-1 on Tuesday night.
Martín Pérez pitched six more scoreless innings, Ozzie Albies and Matt Olson homered, and the Atlanta Braves beat the New York Mets 4-0.
LeBron James will return to Los Angeles on Christmas Day in 2026, and the Sixers will open the season in New York against the Knicks.
Brett Baty hit the first grand slam of his career and the Mets held off the Braves 8-5 on Monday night for their sixth win in seven games.
The New York Mets routed the Pittsburgh Pirates 11-1 on Sunday afternoon.
Some residents of a Queens building say a temporary boiler truck parked outside has become a nearly two-year fixture, emitting smoke they say drifts into their homes.
Harlem Week 2026 brings past and present Harlemites together to honor the neighborhood's legacy.
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.
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.
More than 70 first responders and EMS personnel responded early Wednesday to a home on 91st Street in the Woodhaven section.
Steven Schwally was sentenced to 25 years to life in prison for crashing into a nail salon on Long Island and killing four people. CBS News New York's Carolyn Gusoff reports.
New York City will only see about 9% of the solar eclipse on Wednesday.
Police say a man choked, punched and kicked a woman in East Harlem before stealing her phone.
More than 140 firefighters and EMS personnel responded to a block in the Bronx where several businesses are located.
