Watch CBS News
It's understandable if people are getting dizzy watching the Dow, considering Wednesday's shocking 519 point plunge. That was just the latest go round on the Dow's recent wild ride as the index closed up 423 points on Thursday.
It was yet another rough day on Wall Street Wednesday, a day after the Dow Jones Industrial Average posted its biggest gain since early 2009.
The Dow picked up steam late in the trading day Tuesday and closed up nearly 430 points.
The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor's downgraded American debt.
On Wall Street, all three major indices dropped more than 2 percent Tuesday following news that consumers cut their spending in June.
Leaders of the House and Senate say votes could come as early as this evening on the deficit-cutting plan that's expected to avert a government default on its debts.
Both the Republican and Democratic leaders of the Senate are throwing their weight behind a debt-limit agreement sealed with President Barack Obama and top leaders of Congress.
Executives from the country's biggest banks met with U.S. Treasury officials Friday to discuss how debt auctions will be handled if Congress fails to raise the borrowing limit before Tuesday's deadline.
The Treasury invited 20 of the largest banks to a meeting to discuss an upcoming quarterly auction of government debt.
The stalemated political tug of war over raising the debt ceiling has Mayor Michael Bloomberg saying it's already hurting our reputation in the minds of investors around the world.
New York Sen. Charles Schumer says failure to the national debt crisis threatens New Yorkers' Social Security and veterans' benefits checks.
US Representative Eliot Engel says compromise over the debt ceiling may not be achievable and says the president should act unilaterally.
The standoff on Capitol Hill over deficit reduction and raising the debt ceiling shows no signs of breaking.
If a deal is approved, Connecticut could avoid laying off state workers. On the verge of that approval, Gov. Dan Malloy spoke with WCBS 880 about the state's budget and the debt-ceiling debate in Washington.
Republican Rep. Peter King of Long Island says if President Barack Obama and House Speaker John Boehner don't come back together to get a deal to raise the debt ceiling, then, in his words the House will reach its own agreement with the Senate.
Strong profits and a bipartisan plan to lift the U.S. debt limit drove a stock market rebound Tuesday.
Bloomberg said talk about deficit reduction and the debt ceiling need to be separated. He says that would increase the likelihood of a deal and reduce the odds of financial damage to the economy.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Ramon Rivera, the man accused of killing three people in a stabbing rampage in New York City, is due in court today after being charged with three counts murder.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
Connor Zary scored midway through the third period to give the Calgary Flames a win over the New York Rangers on Thursday night.
CBS News New York's Dick Brennan went to JFK, LaGuardia and Newark Airport to find out, is air travel really getting worse?
Ramon Rivera, the man accused of killing three people in a stabbing rampage in New York City, is due in court today after being charged with three counts murder.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
CBS News New York's Dick Brennan went to JFK, LaGuardia and Newark Airport to find out, is air travel really getting worse?
Mayor Eric Adams' massive rezoning plan known as "City of Yes" cleared a major hurdle Thursday, passing key City Council committee votes, with some modifications. It can now move ahead to a full City Council vote.
A 9/11 memorial was vandalized inside a church in Midtown Manhattan on Wednesday, and police say the suspect is seen on video walking out with a piece of the artwork.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
Jodi Rell, who became Connecticut's second female governor when John Rowland resigned in a corruption scandal, has died at 78.
The weather is shifting and bringing much-needed rain to the Tri-State Area. There may even be snow in parts of New York.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
The risk of wildfire development will remain elevated across the Tri-State Area through the next several days.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
CBS News New York's Dick Brennan went to JFK, LaGuardia and Newark Airport to find out, is air travel really getting worse?
A Woodbridge, New Jersey homeowner was arrested Thursday after investigators say he started a fire that damaged six homes, including his own.
The Justice Department says it found a pattern of misconduct and civil rights violations by the Trenton Police Department.
Burn bans in New Jersey have been lifted after significant rainfall in the state.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
A plan to regionalize some New York public school services has set off alarm bells among Long Island parents and educators.
The iconic Stella Ristorante in Floral Park, Long Island will close on Dec. 31 after 64 years in business.
The weather is shifting and bringing much-needed rain to the Tri-State Area. There may even be snow in parts of New York.
Dozens of Suffolk County homeowners are shocked after they say FEMA denied their requests for aid after storms caused devastating damage in August.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
The suit claims McMahon and others at the WWE were aware of misconduct decades ago and negligent in failing to prevent it.
A plan to regionalize some New York public school services has set off alarm bells among Long Island parents and educators.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
The leader of a New York City church where pop star Sabrina Carpenter filmed scenes for a music video has been stripped of his duties.
Sean "Diddy" Combs has tried to reach out to prospective witnesses and sway public opinion from jail in NYC to influence potential jurors in his sex trafficking trial, prosecutors say.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Six Flags announced it shut down the Kingda Ka and Green Lantern roller coasters to make way for two new rides including The Flash coaster.
Connor Zary scored midway through the third period to give the Calgary Flames a win over the New York Rangers on Thursday night.
Lucas Raymond scored with 51 seconds remaining and the Detroit Red Wings beat the New York Islanders on Thursday night.
The New Jersey Devils downed the Carolina Hurricanes on Thursday night.
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
The new soccer stadium across from Citi Field will be called Etihad Park, NYCFC and the United Arab Emirates airline announced.
Thursday marks exactly 60 years since the Verrazzano-Narrows Bridge opened to much fanfare.
Nov. 29 is the last day for New York City restaurants to remove roadway dining sheds, which will now be seasonal under new regulations set by the City Council.
A new state-of-the-art trash system in NYCHA's Polo Grounds Towers in Harlem promises to tackle energy, rodent and recycling issues.
Families in Central Harlem will soon settle into their new homes at Marcus Garvey Village, which also brings free gathering spaces to the community and an LGBTQ center.
The Hispanic Society's new exhibit traces how different cultures influenced the women of Spain as they found their own voices throughout history.
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."
Tony Sadiku has the Tri-State area's updated Friday forecast on CBS News New York at 8 a.m.
Ramon Rivera is charged with three counts of murder. CBS News New York's Elijah Westbrook reports.
Tony Sadiku has the Tri-State Area's updated Friday morning forecast on CBS News New York.
President-elect Donald Trump picked Florida's former attorney general Pam Bondi to lead the DOJ after Matt Gaetz withdrew his nomination. CBS News New York's Jarred Hill reports.
A Red Alert is in effect as it snows in parts of the Tri-State Area. CBS News New York's Christina Fan reports from the Mobile Weather Lab.
