Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
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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.
Fed Chair Jerome Powell announced Wednesday the federal funds rate will stay in the 5.25% to 5.5% range. What does that mean for the economy and borrowers?
A recent report by Vanguard reveals a record number of Americans took early withdrawals from their 401(k) retirement savings in 2022 and 2023, signaling a concerning trend.
The overall rate was up 3.2% in February, with gas and shelter accounting for nearly 60% of that rise. CBS News Business Analyst Jill Schlesinger breaks things down.
The Justice Department says it found a pattern of misconduct and civil rights violations by the Trenton Police Department.
A lawsuit was announced Thursday, accusing Fordham University of turning a blind eye to the sexual abuse of minors in the 1970s.
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.
Burn bans in New Jersey have been lifted after significant rainfall in the state.
A lawsuit was announced Thursday, accusing Fordham University of turning a blind eye to the sexual abuse of minors in the 1970s.
The new soccer stadium across from Citi Field will be called Etihad Park, NYCFC and the United Arab Emirates airline announced.
Amid an unprecedented uptick in brush fires and a drought warning, it's raining in New York City for the first time in weeks.
A woman died Wednesday after being struck by an unmarked police vehicle in Brooklyn, police sources say.
A banana duct-taped to a wall sold for $6.2 million at an art auction in New York on Wednesday.
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.
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.
The weather is shifting and bringing much-needed rain to the Tri-State Area. There may even be snow in parts of New York.
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 cellphone company worker says he was attacked by a Long Island law enforcement officer while doing his job.
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.
New Jersey Rep. Josh Gottheimer is trying to throw a monkey wrench into Gov. Kathy Hochul's congestion pricing plan.
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.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
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.
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.
The Calgary Flames rallied to a victory over the New York Islanders on Tuesday night.
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.
Brooklyn transit riders are worried about an ongoing proposal to cut bus stops as part of a redesign project.
A Long Island man's life savings were stolen from his bank account, and he says he's been waiting a year to get it back.
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."
CBS News New York's John Elliott says conditions will improve over the weekend, with a slight bump in temperatures.
One house on the street was completely demolished and five others were damaged.
CBS News New York's Doug Williams spoke to one of the alleged victims on Thursday.
A vehicle flipped on its side in the slick conditions on the Kosciuszko Bridge.
The first damp day in weeks is a welcome sign amid brush fires and the drought. CBS News New York's Zinnia Maldonado reports.
