Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
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Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Markets tried to shake off Monday's massive losses. On Tuesday, the S&P 500 fell yet again.
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.
U.S. stocks plunged on Monday as investors fretted over mounting inflation and geopolitical tensions.
Stocks plummeted on Monday after China escalated its trade battle with the U.S. by letting its currency sink to an 11-year low.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
U.S. stocks are opening 2016 on a grim note, dropping sharply after a plunge in China and declines in Europe.
After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a high of $35.73 in morning trading. The company is valued at $3.33 billion, based on afternoon trading just below $30.
Stocks were deep in the red again on Wednesday, although they did rebound from a mid day swoon. At the closing bell the Dow was down 173 points at 16,141. Earlier in the day it had dipped below 16,000 for the first time since February.
The Dow Jones industrial average closed 334 points lower on Thursday than the day before, in what amounted to the worst drop of the year.
A representative for Crumbs could not immediately say how many workers were affected or how many stores it had remaining on its last day.
The Crumbs Bake Shop closed all of its locations at the end of business Monday night, a manager told CBS 2.
The Standard & Poor's 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting year.
Twitter's stock debut up 73 above its IPO price. Twitter's trading debut is the most highly anticipated since Facebook's last year. Twitter will trade under the ticker symbol "TWTR.''
The exchange sent out an alert to traders at 12:20 p.m. EDT saying that trading was being halted until further notice because of problems with a quote dissemination system.
Indictments were announced Thursday in Newark, where U.S. Attorney Paul Fishman called the case the largest hacking and data breach scheme ever prosecuted in the United States.
The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and the Great Recession.
Trading resumed on the New York Stock Exchange Wednesday after being closed for two days because of Hurricane Sandy. New York Mayor Michael Bloomberg ran the opening bell.
Google's stock plunged after it released its third-quarter earnings report early, apparently by mistake.
Facebook Inc.'s slip left it trading just above $34 as the markets closed Monday.
The initial price didn't hold, gaining 11 percent as investors scrambled to get a piece of the company that started in a Harvard dorm room and became, with Friday's trading, a more than $100 billion giant.
The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3-billion bid from Nasdaq and IntercontinentalExchange to buy the company.
Jalen Brunson scored 29 of his season-high 39 points in the second half to power the Knicks to a 104-93 victory over the Pelicans on Saturday night.
Bo Horvat had two goals and an assist, Isaiah George scored his first NHL goal and the Islanders beat the Maple Leafs 6-3 on Saturday night.
Lauri Markkanen scored 21 points, Collin Sexton and Svi Mykhailiuk each had 18 points, and the Jazz beat the Nets 105-94 on Saturday night.
Nico Hischier had a goal and two assists and Jacob Markstrom made 12 saves as the Devils beat the Penguins 3-0 on Saturday night.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The Yankees have found a stopgap at first base, reportedly agreeing to a one-year, $12.5 million contract with Paul Goldschmidt.
NYPD Chief of Department Jeffrey Maddrey has resigned following allegations of sexual misconduct, the department says.
Amazon workers are on strike at the company's Staten Island warehouse, its largest union facility in New York City.
Party City announced mass layoffs at its headquarters in Woodcliff Lake, New Jersey, according to an email sent to employees.
After a fire in Sunnyside, Queens forced hundreds of people out of their apartments last year, tenants say repairs still have not been made.
New York City congestion pricing is facing a last-ditch effort in federal court to delay the Jan. 5 implementation new tolls in Manhattan.
Snow and frigid temperatures set in across the Tri-State Area on Saturday, the first day of winter.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
Cold, rainy weather returns to NYC and the surrounding area today, and it's time to track some more snow later this week.
Party City announced mass layoffs at its headquarters in Woodcliff Lake, New Jersey, according to an email sent to employees.
A New Jersey drone pilot says most sightings are easily explained after people have been reporting mysterious drones in the state for weeks.
New York City congestion pricing is facing a last-ditch effort in federal court to delay the Jan. 5 implementation new tolls in Manhattan.
Snow and frigid temperatures set in across the Tri-State Area on Saturday, the first day of winter.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
A new law in Suffolk County allows police to arrest spectators at street takeovers, not just drivers at the illegal meetups.
The FAA issued a temporary flight restriction for drones over New York City, Long Island and parts of Westchester County. The restrictions are in effect until January 19.
New York City congestion pricing is facing a last-ditch effort in federal court to delay the Jan. 5 implementation new tolls in Manhattan.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
The mysterious drones seen flying over New Jersey and several other East Coast states have prompted a ban from the FAA.
NYPD Chief of Department Jeffrey Maddrey has resigned following allegations of sexual misconduct, the department says.
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
The stopgap measure will fund the government and provide tens of billions in disaster relief.
NYC Mayor Eric Adams' former chief advisor Ingrid Lewis-Martin has been indicted on bribery charges, the Manhattan DA announced.
A move in Congress by Sen. Chuck Schumer that would have allowed towns to track drones was blocked Wednesday.
A woman who lost her jaw after being caught in a crossfire in Ukraine can smile again thanks to transformative surgery in New York.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
New York Congressman-elect George Latimer expects "major pushback" to Robert F. Kennedy Jr.'s potential vaccine policy if he heads Donald Trump's Health and Human Services Department.
A breakthrough treatment is making a huge difference for stroke survivors, improving hand and arm function, and their quality of life.
CBS News New York's Cindy Hsu's mental illness did not stop her. Now, she's highlighting hope and solutions.
Sean "Diddy" Combs was back in federal court in Lower Manhattan on Wednesday for a pretrial hearing.
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.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
The annual gala at the John F. Kennedy Center for the Performing Arts features personalized tributes with performances and testimonials from fellow artists.
Jalen Brunson scored 29 of his season-high 39 points in the second half to power the Knicks to a 104-93 victory over the Pelicans on Saturday night.
Bo Horvat had two goals and an assist, Isaiah George scored his first NHL goal and the Islanders beat the Maple Leafs 6-3 on Saturday night.
Lauri Markkanen scored 21 points, Collin Sexton and Svi Mykhailiuk each had 18 points, and the Jazz beat the Nets 105-94 on Saturday night.
Nico Hischier had a goal and two assists and Jacob Markstrom made 12 saves as the Devils beat the Penguins 3-0 on Saturday night.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
As Hanukkah approaches, the Brooklyn organization is in a race against time to deliver gifts to children battling illnesses.
Mets owner Steve Cohen's Metropolitan Park casino complex proposal has picked up steam after gaining the Queens borough president's approval.
Parts of the MTA's emergency exit infrastructure are in a hazardous state of disrepair, according to a new audit report.
The Riverside Church of New York announced this week plans to close its Weekday School after 95 years of caring for local children.
Neighbors living in communities without subway stops say congestion pricing has caused many to consider leaving New York City.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
CBS News New York's Vanessa Murdock has your seven-day forecast.
The community gathered Sunday to honor the victims, one of whom was just 9 years old. CBS News New York's Anna Noryskiewicz reports.
The gun violence happened at around 3:30 p.m. on Sunday on the Q train platform in the Homecrest section. CBS News New York's Jessica Moore reports.
Jeffrey Maddrey, the city’s top uniformed cop, resigned Friday night after a subordinate made some shocking claims. CBS News New York's Derick Waller reports.
CBS News New York's Vanessa Murdock has your Christmas week forecast.
