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.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
Downed wires suspended Amtrak and New Jersey Transit services affecting Sunday morning travelers in Philadelphia, New Jersey and New York.
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.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
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 a bombshell allegation of sexual misconduct on the job.
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.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
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.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
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.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
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.
NYPD Chief of Department Jeffrey Maddrey has resigned following a bombshell allegation of sexual misconduct on the job.
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."
Expect jam-packed airports and highways as the holiday travel season kicks into high gear in New York City. CBS News New York's Zinnia Maldonado reports.
John Elliott has the Tri-State Area's updated First Alert Forecast for Sunday, Dec. 22, 2024 on CBS News New York.
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.
