Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
Markets tried to shake off Monday's massive losses. On Tuesday, the S&P 500 fell yet again.
Many Americans are worrying about their retirement funds as stocks dropped drastically yesterday. CBS2's Elijah Westbrook has more on what this means.
Futures are higher this morning, but it follows more big losses Monday. CBS2's Elijah Westbrook has more on what it means for the average investor.
U.S. stocks plunged on Monday as investors fretted over mounting inflation and geopolitical tensions.
Stocks plummeted on Monday after China escalated its trade battle with the U.S. by letting its currency sink to an 11-year low.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
U.S. stocks are opening 2016 on a grim note, dropping sharply after a plunge in China and declines in Europe.
After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a high of $35.73 in morning trading. The company is valued at $3.33 billion, based on afternoon trading just below $30.
Stocks were deep in the red again on Wednesday, although they did rebound from a mid day swoon. At the closing bell the Dow was down 173 points at 16,141. Earlier in the day it had dipped below 16,000 for the first time since February.
The Dow Jones industrial average closed 334 points lower on Thursday than the day before, in what amounted to the worst drop of the year.
A representative for Crumbs could not immediately say how many workers were affected or how many stores it had remaining on its last day.
The Crumbs Bake Shop closed all of its locations at the end of business Monday night, a manager told CBS 2.
The Standard & Poor's 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting year.
Twitter's stock debut up 73 above its IPO price. Twitter's trading debut is the most highly anticipated since Facebook's last year. Twitter will trade under the ticker symbol "TWTR.''
The exchange sent out an alert to traders at 12:20 p.m. EDT saying that trading was being halted until further notice because of problems with a quote dissemination system.
Indictments were announced Thursday in Newark, where U.S. Attorney Paul Fishman called the case the largest hacking and data breach scheme ever prosecuted in the United States.
The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and the Great Recession.
Trading resumed on the New York Stock Exchange Wednesday after being closed for two days because of Hurricane Sandy. New York Mayor Michael Bloomberg ran the opening bell.
Google's stock plunged after it released its third-quarter earnings report early, apparently by mistake.
Facebook Inc.'s slip left it trading just above $34 as the markets closed Monday.
The initial price didn't hold, gaining 11 percent as investors scrambled to get a piece of the company that started in a Harvard dorm room and became, with Friday's trading, a more than $100 billion giant.
The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3-billion bid from Nasdaq and IntercontinentalExchange to buy the company.
Harvey Weinstein will remain jailed in New York City while the Manhattan DA works to retry his 2020 rape case that was overturned last month.
Kyle McMorrow was just 36 years old when he suffered a stroke last year. He woke up with neck pain one day, not realizing what was happening.
Walks in the park just got a lot brighter thanks to Harlem Sculpture Gardens, the largest outdoor public art exhibit ever in the neighborhood.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
Rich, bright and accurate colors on a brand-new model -- for $200 off? It's a turn-on.
Harvey Weinstein will remain jailed in New York City while the Manhattan DA works to retry his 2020 rape case that was overturned last month.
Walks in the park just got a lot brighter thanks to Harlem Sculpture Gardens, the largest outdoor public art exhibit ever in the neighborhood.
A police officer has been hospitalized after a crash on Staten Island Thursday morning, the NYPD said.
The deadline to get a Real ID across the country is May 7, 2025, Department of Homeland Security says.
Three teenagers were rescued after they got stuck on a cliffside in Upper Manhattan on Wednesday.
Traffic was flowing on I-95 in Norwalk Monday after being shut down in both directions due to a fiery tractor-trailer crash last week.
I-95 fully reopened in both directions Sunday in Norwalk, Connecticut, days after a tanker truck caught fire and badly damaged a bridge.
Northbound lanes of I-95 have reopened in Norwalk, Connecticut after crews demolished a bridge that was damaged in a tanker truck fire.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The I-95 overpass in Norwalk, Connecticut that was damaged in a fiery tanker truck crash is being demolished, but the highway remains partially closed.
Jewish students and leaders are not happy with Rutgers University's agreement with pro-Palestinian protesters.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
New Jersey leaders announced Tuesday the expansion of its partnership with mental health and wellness platform Uwill for two more years.
In wake of last week's pro-Palestinian protests, all is quiet on Rutgers' New Brunswick campus as students finish up finals.
TSA says Newark Airport security wait times may take longer for the next few weeks as the airport upgrades its screening technology.
An accused international jewelry thief was arrested in New York City after he was allegedly caught on video pocketing a $17,000 watch inside a Long Island store.
The land in East Farmingdale, near Republic Airport, has been vacant since the 1990s.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The controversial New York City congestion pricing tolls set to start June 30 are facing another lawsuit, this time from Long Island.
Isis Navarro Reyes, of New York, allegedly posted TikTok videos marketing weight loss drugs that appeared to be Ozempic, Mesofrance and Axcion.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
Nearly two dozen faculty members at The New School put up tents in the Greenwich Village school's lobby on Wednesday.
Jewish students and leaders are not happy with Rutgers University's agreement with pro-Palestinian protesters.
President Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
Three public school district leaders testified before a congressional panel Tuesday on incidents of antisemitism in their schools.
Kyle McMorrow was just 36 years old when he suffered a stroke last year. He woke up with neck pain one day, not realizing what was happening.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
A New Jersey teenager says making music helps bring him to a better place as he fights cancer.
Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that's rocked the company.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
Livestreamer Kai Cenat will not be prosecuted in connection to the riot that broke out after he promoted a meet-and-greet and giveaway in Union Square last year.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Jalen Brunson returned from a right foot injury to score 24 of his 29 points in the second half, leading the New York Knicks to a 130-121 victory over the Indiana Pacers for a 2-0 lead in the Eastern Conference semifinals.
Juan Soto homered and drove in five runs, Aaron Judge and Giancarlo Stanton also went deep and the New York Yankees beat the Houston Astros 9-4.
Vincent Trocheck scored a power-play goal off a rebound at 7:24 of the second overtime to give the New York Rangers a 4-3 win over the Carolina Hurricanes for a 2-0 lead in their second-round playoff series.
Brandon Nimmo hit a three-run homer to spark a six-run fifth inning, and the New York Mets rallied to beat the St. Louis Cardinals 7-5.
Alex Verdugo homered and tied a career high with four RBIs, powering the New York Yankees past Justin Verlander and the skidding Houston Astros 10-3.
Walks in the park just got a lot brighter thanks to Harlem Sculpture Gardens, the largest outdoor public art exhibit ever in the neighborhood.
Riverdale resident Leo Shliselberg says despite the hardships he's experienced in life, the best medicine is laughter.
A Brooklyn firefighter is hailed a hero after officials say he rescued a man out of a burning car in front of his family.
Millions of stamps designed by Brooklyn artist, Kim Parker, are decorating postage envelopes nationwide.
"Swans of Harlem" tells the story of five ballerinas in the early days of Dance Theatre of Harlem.
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
Gov. Kathy Hochul announced she will sign Sammy's Law, named after a boy who was killed by a speeding driver in Brooklyn over 10 years ago.
Harvey Weinstein will remain in New York City while the Manhattan DA works to retry his 2020 rape case that was overturned last month.
Tony Sadiku has the Tri-State Area's latest First Alert Forecast on CBS2 News At Noon.
Walks in the park just got a lot brighter thanks to Harlem Sculpture Gardens, the largest outdoor public art exhibit ever in the neighborhood. CBS New York's Jessi Mitchell reports.
Daniels was cross examined by Donald Trump's lawyers after she detailed a sexual encounter she had with him. CBS New York's Elijah Westbrook reports.