Stocks Plunge On Worries About Weak Global Economy, U.S. Job Market And Inflation
The Dow Jones industrial average at one point was down more than 500 points. It's now down 436 at 10,973.
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The Dow Jones industrial average at one point was down more than 500 points. It's now down 436 at 10,973.
Investors hoping for relief from last week's volatility in the stock market found it Monday.
Even a survey showing Americans are dismayed about the economy didn't stop the gains on Wall Street today.
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.
Wall Street was not for the faint of heart Friday. The breathtaking peaks and valleys of the day came to an end with the Dow closing up 61 points.
Fears about the global economy led to the biggest panic in financial markets since the 2008 financial crisis.
Strong profits and a bipartisan plan to lift the U.S. debt limit drove a stock market rebound Tuesday.
The Federal Reserve expressed more confidence in the U.S. economy even as Japan's nuclear crisis raised worries around the globe. The Fed said Tuesday that the economic recovery is on "firmer footing'' and the jobs market is "improving gradually.''
Global stock markets staged an explosive rally Thursday, embracing a move by the Federal Reserve to try to rejuvenate the U.S. economy by buying $600 billion in Treasury bonds.
Traders' uncertainty has put a big September rally on hold, at least momentarily, before the central bank's meeting Tuesday.
Stocks are down for a third day on more disappointing earnings and economic news.
Stocks and interest rates are down sharply as investors take a bleaker view of the U.S. economy. The Dow Jones closed down 265 points.
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.
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
A Woodbridge, New Jersey homeowner was arrested Thursday after investigators say he started a fire that damaged six homes, including his own.
The defense in the trial of Daniel Penny called an expert witness – a forensic pathologist – to the stand Thursday.
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.
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
The defense in the trial of Daniel Penny called an expert witness – a forensic pathologist – to the stand Thursday.
A plan to regionalize some public school services in New York state has set off alarm bells among many parents and educators on Long Island.
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 Flag Warning is in effect today across the entire Tri-State Area until 6 p.m.
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 crane accident in Montville, New Jersey turned a routine tree trimming job into a chaotic mess when the machine fell onto a house.
New Jersey Gov. Phil Murphy updated commuters Wednesday on what's being done to correct issues on the rails.
A plan to regionalize some public school services in New York state has set off alarm bells among many parents and educators on Long Island.
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.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
A plan to regionalize some public school services in New York state has set off alarm bells among many parents and educators on Long Island.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Jodi Rell, who became Connecticut's second female governor when John Rowland resigned in a corruption scandal, has died at 78.
New York City special education students are not getting the services they were promised, according to the United Federation of Teachers.
Jessica Tisch, the head of the Department of Sanitation, was appointed New York City's new police commissioner on Wednesday.
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.
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.
Jalen Brunson scored 36 points, Karl-Anthony Towns added 34 and the Knicks beat the Suns 138-122 for their fourth straight win.
Mika Zibanejad scored and added an assist as the New York Rangers edged the Vancouver Canucks on Tuesday night.
Speedy center fielder Jose Siri has been acquired by the New York Mets from the Tampa Bay Rays for reliever Eric Orze.
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."
The world's first fully robotic double lung transplant was recently performed at NYU Langone.
Former Connecticut Gov. Jodi Rell died Wednesday at age 78.
The long-awaited "Gladiator II" hits theaters Friday. Actor Fred Hechinger spoke to CBS News about playing Emperor Caracalla. "Gladiator II" is released by Paramount Pictures, which is part of our parent company, Paramount Global.
Thursday marks exactly 60 years since the Verrazzano-Narrows Bridge opened to much fanfare, connecting the borough of Staten Island to southern Brooklyn and permanently changing the fabric of New York City. CBS News New York's Hannah Kliger reports.
An inspirational initiative fostering future educators on Long Island is getting praise. CBS News New York's Jennifer McLogan introduces us to middle and high schoolers in Baldwin who became elementary school teachers for the day.
