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Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
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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.
As the crackdown on NYC's illegal cannabis shops continues, investigators say they found one store making its own colorful, misleading cartoon packages in Sheepshead Bay, Brooklyn.
The Nathan's Famous Hot Dog Eating Contest 2024 weigh-in is being held Tuesday at Hudson Yards, with Joey Chestnut banned and the men's field now wide open.
"When Women Ran Fifth Avenue" by Julie Satow profiles the women who led Bonwit Teller, Lord & Taylor, Henri Bendel.
A Delta Air Lines flight from Detroit to Amsterdam was diverted early Wednesday morning after passengers were served spoiled food, a spokesperson for the airline said.
The 4th of July holiday travel rush is here, bringing heavy traffic on the roads, air traffic control shortages at the airport, plus the potential for thunderstorms.
As the crackdown on NYC's illegal cannabis shops continues, investigators say they found one store making its own colorful, misleading cartoon packages in Sheepshead Bay, Brooklyn.
The Nathan's Famous Hot Dog Eating Contest 2024 weigh-in is being held Tuesday at Hudson Yards, with Joey Chestnut banned and the men's field now wide open.
The 4th of July holiday travel rush is here, bringing heavy traffic on the roads, air traffic control shortages at the airport, plus the potential for thunderstorms.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
Relatives of loved ones caught in the destructive path of Hurricane Beryl are greatly concerned.
Connecticut had several new laws start on July 1, 2024, including the school age cut-off and surveillance cameras meant to catch drivers who blow by buses.
Severe thunderstorms swept through New York, New Jersey and Connecticut on Sunday, with the chance of an isolated tornado. See the latest weather maps and live radar.
A tractor-trailer accident on I-95 in Greenwich, CT had southbound lanes backed up for the morning commute.
Severe thunderstorms moved through New York and New Jersey on Wednesday evening, causing widespread power outages and other damage.
U.S. News & World Report released its 2024 college rankings Tuesday, and some Tri-State Area schools ranked among the best in the world.
The 4th of July holiday travel rush is here, bringing heavy traffic on the roads, air traffic control shortages at the airport, plus the potential for thunderstorms.
The Macy's 4th of July Fireworks is returning to the Hudson River this year. It is expected to make for big business on the New Jersey side of the river, too.
Flights at Newark Airport had to be slowed Monday evening and Tuesday because of an air traffic controller shortage, according to the FAA.
With NJ Transit's fare hike kicking in on Monday, some riders are considering alternate ways of getting around.
Sunday was expected to be the busiest day of the summer travel season, but severe thunderstorms caused delays and cancelations.
The 4th of July fireworks can make dogs and other pets anxious and afraid, so we have some expert advice on how to keep them calm.
Steven Schwally, the man accused of being intoxicated when he crashed into a nail salon on Long Island, killing four, appeared in court Monday.
Severe thunderstorms swept through New York, New Jersey and Connecticut on Sunday, with the chance of an isolated tornado. See the latest weather maps and live radar.
Long Island police said Steven Schwally, 64, was drunk and speeding when he crashed an SUV into a nail salon Friday, killing an off-duty NYPD officer and three other people.
At least four people were killed and nine injured when a driver crashed through the front of a nail salon on Long Island.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
Westchester County inspectors are working to make sure watery gas does not get into your vehicles.
Acknowledging Times Square needs to be cleaned up, Mayor Adams unveiled the Midtown Community Improvement Coalition on Tuesday.
Justice Juan Merchan set a new sentencing date of Sept. 18, "if such is still necessary."
The first Democratic lawmakers called on Biden to drop out of the race after his rocky debate performance last week.
FDA approval of the new Alzheimer's treatment, which will be branded as Kisunla, follows years of setbacks.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
The advisory issued by Dr. Vivek Murthy came as the U.S. grappled with another summer weekend marked by deadly mass shootings.
One bill being fast-tracked would make abortions free in New Jersey by eliminating co-pays.
Ann Wilson, lead singer of rock band Heart, says she has cancer.
Spike Lee's "Do the Right Thing" celebrated its 35th birthday Sunday with a block party on Do The Right Thing Way in Bed-Stuy, Brooklyn.
Usher accepted the lifetime achievement award at the 2024 BET Awards, and Will Smith debuted a single as he continued his comeback from slapping Chris Rock at the Oscars two years ago.
His recently uncovered photographs, long thought lost, are the basis of the former Beatle's book, "1964: Eyes of the Storm," and an exhibition currently at the Brooklyn Museum.
From the moment she first began appearing at the side of John F. Kennedy Jr., Carolyn Bessette became one of the most photographed women in the world. Her personal style continues to have an impact 25 years following her death.
The Yankees' 5-4 defeat on Tuesday marked their 11th loss in their last 15 games.
The Mets erupted for five runs in the 10th inning on their way to a 7-2 win over the Nationals on Tuesday.
The Mets used an offensive explosion in the 10th inning to defeat the Nationals 9-7 on Monday and get back to .500.
The Mets' rally was all for naught as a five-run 11th inning lifted the Astros to a 10-5 win on Sunday.
The Yankees left Toronto with a split of their four-game series against the Blue Jays with an 8-1 win on Sunday.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
A nonprofit recycling center in Brooklyn says it has seen a sharp increase in people who collect cans and bottles to make a living.
Queens residents who lost their homes in an apartment building fire six months ago say they are again searching for somewhere to live as their temporary housing agreements expire.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
Lillian Wong of Queens is trying to solve the mystery of money being withdrawn from her dead son's bank account.
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
In this CBS New York Book Club bonus read, author Julie Satow tells the story of three women behind the city's most iconic department stores.
The 4th of July holiday travel rush is here, with 60.6 million people expected to drive and 5.7 million expected to fly on Wednesday alone. CBS New York's Elijah Westbrook has an update from Newark Airport.
The powerful storm has been blamed for at least six deaths as it barrels through the Caribbean. CBS New York's Derick Waller has the latest from the newsroom.
CBS New York's Tony Sadiku and John Elliott have the latest weather forecast.
CBS New York's Lonnie Quinn says the humidity will increase on Thursday, with a slight chance for a storm.