Stock market plummets after Fed forecasts fewer rate cuts in 2025
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
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The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected.
Inflation has cooled from its most recent peak, but progress in getting it to a 2% annual rate has been slow.
The new documentary "Untapped: Closing America's Opportunity Gap" proves the urgent need for skills-based hiring. Ellen McClain, Year Up United’s CEO and President, and Simge Yildirimkaya, who completed the Year Up United job training program in 2023, share their perspectives on the movement and the film.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
A new Bankrate survey found 41% of Americans say inflation is their top economic issue for the 2024 presidential election. Bankrate's senior economic analyst Mark Hamrick joins CBS News New York to discuss the impact.
Jill Schlesinger, CBS News Business Analyst joins CBS New York to discuss the October jobs report.
A new report shows 254,000 people were added to payrolls in September, and a robust jobs market is helping boost the economy. CBS News New York's Dick Brennan talked to New Yorkers about what it means to them.
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.
CBS News business analyst Jill Schlesinger breaks down why the federal reserve made the decision to cut its benchmark interest rate and what this means for the economy.
Thomas Hayes, chairman and managing member at Great Hill Capital, joins CBS New York to discuss the Fed meeting.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
New Yorkers shared their opinions about the economy with CBS News New York's Jessica Moore after Tuesday night's presidential debate.
Jason Greer, a labor relations expert and founder of Greer Consulting, discusses the state of the U.S. labor market in 2024 and how wage compression is impacting workers.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
Wall Street is increasingly jittery about the health of the U.S. economy. Here's what the experts say about the chances of a recession.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
The latest report shows employers added 114,000 jobs in July which is far fewer than economists had forecast, all while the unemployment rate jumped to 4.3%. CBS News business analyst Jill Schlesinger breaks down the latest numbers.
The federal government released a report on economic growth for the second quarter. Business Analyst Jill Schlesinger discusses what this means for the financial future of the next few months.
Walmart and Target are launching their own sales to go up against Amazon's Prime Day on July 16 and 17. Business Insider senior retail reporter Alexander Bitter joined CBS News to discuss the deals.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Small Business Administration Administrator Isabel Casillas Guzman joins CBS New York to discuss the record small business boom America has seen under President Biden.
Wall Street is closely watching the jobs report and next week's inflation data to predict when the Fed might cut rates.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The Fed decided not to change rates this week, but announced three cuts that are expected later this year. CBS News Business Analyst Jill Schlesinger is here to help explain.
Luigi Mangione is due in a New York courtroom to face state charges in the murder of UnitedHealthcare CEO Brian Thompson.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Honda and Nissan have announced plans to merge, forming world's third-largest automaker by sales as the industry transitions away from fossil fuels.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
Luigi Mangione is due in a New York courtroom to face state charges in the murder of UnitedHealthcare CEO Brian Thompson.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
A woman died after she was set on fire aboard the New York City subway on an F train in Brooklyn, police say.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
Expect jam-packed airports and highways in the New York City area as the holiday travel season kicks into high gear.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
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.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
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.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
Don't let the sunny skies fool you as dangerously cold weather settles into New York, New Jersey and Connecticut.
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.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Funding for the World Trade Center Health Program past 2027 was excluded from the federal budget on Friday as Congress scrambled to avert a government shutdown.
Over half of Americans see the drones that have been spotted over the East Coast as a threat to the U.S.
NYPD Chief of Department Jeffrey Maddrey has resigned following a bombshell allegation of sexual misconduct on the job.
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.
Matthew Stafford threw an 11-yard touchdown pass to Tyler Higbee early in the fourth quarter and the Rams beat the Jets 19-9 on Sunday.
Drew Lock threw a pair of pick-6s as the Giants lost their franchise-record 10th straight game, 34-7 to the Falcons on Sunday.
The Rangers lost for the 12th time in their last 16 games with a 3-1 defeat to the visiting Hurricanes on Sunday.
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.
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."
Congestion pricing is facing several legal challenges ahead of its anticipated start date on Jan. 5, 2025 in Manhattan.
Luigi Mangione is due in a New York courtroom to face state charges in the murder of UnitedHealthcare CEO Brian Thompson. CBS News New York's Derick Waller reports.
Police are questioning a man in connection with a fire that left a woman dead on the F train Sunday in Brooklyn. CBS News New York's Elijah Westbrook reports.
CBS News New York's Tony Sadiku has the latest weather forecast.
The shocking attack happened on Sunday morning on an F train in Brooklyn. CBS News New York's Naveen Dhaliwal has the latest on the investigation.
