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The Dow surged 669 points — its third-biggest point gain in history — and had its best day in two and a half years. Investors were cheered by signs that the United States and China are talking behind the scenes to avoid a clash between the world's two biggest economies.
Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.
U.S. stocks fell sharply on Thursday after President Donald Trump announced new tariffs on Chinese goods.
The economy is just as strong today as it was last week. Keep that in mind as you process the Dow's breathtaking 1,175-point plunge on Monday.
Seven trading days. That's how long it took the Dow to rocket from 25,000 to 26,000.
This stock market doesn't obey speed limits. It just blasted through another barrier: Dow 25,000, barely a month after it cracked 24,000 for the first time.
Twitter's stock prices jumped Friday morning after former Microsoft CEO Steve Ballmer announced he owns four percent of the company.
Financial experts say people who watched in horror as the Dow Jones Industrial average drop more than 1,000 points Monday morning should stay calm and not panic – a hasty move now could cause permanent damage later.
The place where you can buy handmade dresses and crocheted dog costumes has a new hot seller: its own stock.
The Associated Press news agency suspended its Twitter account Tuesday after it was hacked into.
Friday is the big day.
The debt crisis in Greece is sending the stock market on a roller coaster. So, how will it affect our economy?
Wall Street is wrapping up a shaky week of investing and Michael Gardner of Wedbush visited the KCAL 9 studios to give viewers financial advice.
Dr.Larry Harris, Fred V. Keenan Chair in Finance at the USC Marshall School of Business, visited the KCAL 9 studios Thursday to talk about the recent decline in the stock market.
Local investors are especially busy this week as they brace for continued economic uncertainty.
Residents across Los Angeles are rattled by the staggering stock market plunge. The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.
Banks and airlines are nudging stocks lower Monday, while economic worries continue to weigh on markets.
New hopes that a deal would be reached for Greece to avoid defaulting on its debts sent stocks higher Tuesday. The market gave up some of its gains following a surprise drop in U.S. consumer confidence.
The biggest corporate hiring spree in five years is reversing a weeklong slide in the stock market.
Stocks lost some of their early gains and turned mixed Monday despite the death of Osama bin Laden, several strong earnings reports and a major drug industry acquisition.
Mixed corporate earnings reports sent stock indexes wobbling Monday.
Johnson & Johnson led the Dow Jones industrial average higher on Tuesday. The health-care heavyweight rose 3 percent after reporting earnings that beat Wall Street's expectations. The company also raised its full-year earnings forecast.
A warning from Standard & Poor's that the agency might lower its rating on U.S. government debt sent stocks on their steepest slide in a month Monday.
Stocks are edging higher in midday trading at the start of the last full week before the next round of corporate earnings reports begin.
One person was wounded in a shooting in Redondo Beach early Sunday morning.
Two people were killed in a two-vehicle collision on a highway in the Victorville area.
There is hope for some of the most vulnerable in our communities. Thanks to two organizations, those without family or in difficult situations can still find comfort and joy this holiday season.
A man was killed in a shooting in Carson over the weekend.
It's that time of year again—the holiday travel rush has arrived, and the chaos at LAX is in full swing. Whether you're flying or driving, the message is clear: expect heavy traffic and long waits, both on the roads and at the airport.
One person was wounded in a shooting in Redondo Beach early Sunday morning.
Two people were killed in a two-vehicle collision on a highway in the Victorville area.
A man was killed in a shooting in Carson over the weekend.
It's that time of year again—the holiday travel rush has arrived, and the chaos at LAX is in full swing. Whether you're flying or driving, the message is clear: expect heavy traffic and long waits, both on the roads and at the airport.
Trump's election is a big part of the positive outlook, especially for Republicans.
One person was wounded in a shooting in Redondo Beach early Sunday morning.
Two people were killed in a two-vehicle collision on a highway in the Victorville area.
A man was killed in a shooting in Carson over the weekend.
It's that time of year again—the holiday travel rush has arrived, and the chaos at LAX is in full swing. Whether you're flying or driving, the message is clear: expect heavy traffic and long waits, both on the roads and at the airport.
It happened a little after 2 a.m in the 9000 block of Krueger Street, police said.
It happened at around 4:20 p.m. near Orangewood Avenue and Court Street, according to the Orange County Sheriff's Department.
Holiday joy lit up the sky and water in Orange County as the Newport Beach Boat Parade started this week.
Johnny Anchondo led authorities on a wild pursuit through Orange and LA counties on Nov. 9, 2022, during which he crashed several times, rammed police cars and stole multiple vehicles.
The lawsuit alleged that a victim was abused by Michael Harris, a former priest and vice principal at Mater Dei in 1978.
The collision, which happened at the intersection of La Palma Avenue and Moody Street, left a woman in her 60s with fatal injuries, police said.
The scam is targeting attendees of the Mission Inn's beloved Festival of Lights, which features millions of holiday lights adorning the historic hotel.
The blaze, which spread quickly, caused more than$100,000 worth of damage to equipment inside of the facility, deputies said.
Deputies say that the victims were father and son.
Investigators say that the incident happened at Sky Trail Mobile Village in Moreno Valley.
It happened at around noon on Dec. 18, when police were called to a 28000 block of Scott Road after learning of the incident, according to the Murrieta Police Department.
Is your recycled Starbucks cup ending up where you expected? A CBS News investigation says that it probably isn't.
While sometimes slow, the tracing system from the Bureau of Alcohol, Tobacco Firearms and Explosives played an instrumental role in helping law enforcement locate the man who opened fire inside a Monterey Park dance hall in 2022.
Following a deadly hijacking of a Metro bus, Ross Palombo digs through data about violence on the Metro system.
Ross Palombo goes over the crime statistics available for the Metro.
KCAL News investigates connection between Beverly Hills armed robbery and gun belonging to notorious police killer Christopher Dorner.
Trump's election is a big part of the positive outlook, especially for Republicans.
After California man's death sentence is overturned, there's a renewed push to clear him.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Trump's election is a big part of the positive outlook, especially for Republicans.
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
Mark Burnett helped produce hits like "Survivor" and "The Voice," but is perhaps best known for teaming up with President-elect Donald Trump for "The Apprentice," which first aired in 2004.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
The U.S. government faced the threat of a shutdown if Congress didn't pass a spending bill before Dec. 21, 2024. Here's a look at the potential impact.
Grocery giant Albertsons will pay nearly $4 million to settle a lawsuit accusing it of overcharging customers at hundreds of Albertsons, Safeway and Vons supermarkets.
A federal judge has blocked a new California law allowing any person to sue for damages over election deepfakes.
Californians with iPhones and Apple Watches will now be able to store digital versions of their driver's licenses and identification cards on their devices, state officials announced.
The authorization comes after a week-long voting period for the more than 6,000 Food4Less workers represented by the United Food and Commercial Workers Local union.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Cases now reported in eight states related to Yu Shang Food products sold online and at stores nationwide, officials say.
Public health officials are urging residents and business owners to monitor their water sources after seven people reported contracting Legionnaire's Disease in recent days.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
The lawsuit contends that multiple food truck operators have created constant nuisance outside of the store in the form of congestion, trash generation and rudeness to store employees.
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
Avid coin collectors jumped at the chance to get their hands on a rare "double eagle" gold coin at a Southern California auction house.
Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.
Two more members of the Los Angeles Times editorial board have resigned after the newspaper's owner blocked its plan to endorse Democratic Vice President Kamala Harris for president.
Quentin Grimes scored 20 points off the bench, 14 in the fourth quarter, leading eight Mavericks in double figures as Dallas beat the Los Angeles Clippers 113-97 on Saturday night despite missing leading scorer Luka Doncic.
JuJu Watkins scored 25 points and No. 7 USC recovered from blowing a 18-point second half lead to beat Paige Bueckers and fourth-ranked UConn 72-70 on Saturday night.
LeBron James had 32 points and the Los Angeles Lakers beat the Sacramento Kings 103-99 to sweep a two-game set.
This is the fourth trade between the two teams since the end of last season.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Paula Abdul and former "American Idol" producer Nigel Lythgoe have agreed to settle a lawsuit in which she alleged he sexually assaulted her in the early 2000s when she was a judge on the show.
There is hope for some of the most vulnerable in our communities. Thanks to two organizations, those without family or in difficult situations can still find comfort and joy this holiday season. Erica Olsen reports.
Cool temperatures are expected this upcoming holiday week. Alex Biston reports.
The holiday travel season is in full swing, and if you're headed anywhere by plane or car, brace yourself—record-breaking numbers are expected. Alys Martinez reports.
One Long Beach family is dazzling crowds with a holiday show like no other, featuring fire dancers, 90,000 lights and aerial dancers.
Dozens of lowriders hit the streets of East LA to cruise into the Christmas holiday on Saturday evening.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
KCAL News Anchor and three-time Emmy award-winning journalist Chauncy Glover has died.
Los Angeles comes out to celebrate the Boys in Blue two days after winning the 2024 World Series.
The Los Angeles Dodgers are World Series champions after defeating the New York Yankees in game 5.
