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 14-year-old boy who was struck by a piece of a building facade on Queens sidewalk in May is filing a lawsuit.
An NYPD officer is facing multiple charges, including attempted murder, in connection to an off-duty shooting in the Bronx back in March.
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.
The family of a 14-year-old boy who was struck by a piece of a building facade on Queens sidewalk in May is filing a lawsuit.
An NYPD officer is facing multiple charges, including attempted murder, in connection to an off-duty shooting in the Bronx back in March.
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.
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.
The Knicks are just one win away from winning their first NBA Championship in more than 50 years. So how are the Knicks preparing for Saturday's critical Game 5? CBS News New York's Steve Overmyer has a look ahead.
CBS News New York's Lonnie Quinn has your First Alert Forecast for June 11 at 11 p.m.
For the first time, a rare case of Lyme disease has been detected in New York state.
A local fashion designer is having a major New York moment. Her custom Knicks-inspired designs are now being sold at Madison Square Garden and other locations. CBS News New York's Naveen Dhaliwal reports.
The family of a 14-year-old boy who was struck by a piece of a building facade on Queens sidewalk is filing a lawsuit. CBS News New York's Adi Guajardo spoke exclusively with the teen's parents.
