S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
With inflation appearing to slow down nationwide, it means more money will be in your pockets -- even if the Tri-State Area's local report is showing a different outcome. CBS2's John Dias has the details.
New data shows things are calming down just a bit. CBS2's John Dias explains why.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
The 8.3 percent hike in the consumer price index is especially bad news for retirees living on fixed incomes.
Americans are now digging deeper into their wallets for everything from groceries to goods and services with no relief in sight. CBS2's Elijah Westbrook has more.
As CBS2's John Dias reports, there are a number of factors contributing to this key week for the state of the economy.
Some big developments in the business world could affect your finances at home. CBS2's John Dias has the details.
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.
The DOW got off to a rough start Monday morning and didn't recover, CBS2's Tony Aiello reports.
Stocks claw back losses after flirting with the first bear market since early 2020.
U.S. stocks plunged on Monday as investors fretted over mounting inflation and geopolitical tensions.
U.S. stocks slumped on Monday as investors assessed a bevy of risks, including a possible shift in Federal Reserve guidance this week that could hurt corporate profits.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
The Dow jumped 5.3% in early trading, reaching a record high of 29,836. The S&P 500 rose more than 3%, while the Nasdaq added less than 1%.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
There are new signs the road to reopening will be a bumpy ride for the economy.
The exchanges has been limited to all-electronic trading since March 23.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The remains of a World War II airman killed in 1944 are finally coming home after they were found at a cemetery in France.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
A judge granted a one week delay in the corruption trial of New Jersey Sen. Bob Menendez Friday, but the senator was not physically in court. He joined the proceedings by phone.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
Brooklyn Charter School in Bed-Stuy is trying to help parents with the cost of child care by expanding the school day to 12 hours.
Would you spend $18.50 on an escargot bagel? New York City's viral baking sensations Dominique Ansel Bakery and Popup Bagels are teaming up to bring you one in SoHo.
The remains of a World War II airman killed in 1944 are finally coming home after they were found at a cemetery in France.
We'll see some sun and then showers later in the day, and it will be a touch milder with highs in the 50s.
Some lingering rain and light drizzle remains Thursday, and temperatures will be about 10 degrees cooler, feeling like the 40s.
Today will be at least 10 degrees cooler than yesterday, with a little rain developing in the afternoon.
We're in for another sunny and pleasantly warm afternoon, but not as warm as yesterday. Highs will be in the low 70s.
A judge granted a one week delay in the corruption trial of New Jersey Sen. Bob Menendez Friday, but the senator was not physically in court. He joined the proceedings by phone.
We'll see some sun and then showers later in the day, and it will be a touch milder with highs in the 50s.
One public library in New Jersey is offering free gently used wedding dresses for brides-to-be. The selection is getting bigger by the day, thanks to donations coming in.
The conservative Christian group has controlled Ocean Grove's beaches for more than 150 years.
Some lingering rain and light drizzle remains Thursday, and temperatures will be about 10 degrees cooler, feeling like the 40s.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
The Nassau Community College campus in Uniondale is suddenly without any cafeteria, cafe or snack bar, leaving vending machines as the only option for 12,000 students.
A young Long Island boy is the first in New York state to undergo a new gene therapy for a rare blood disease.
Over 250 pizzerias across Long Island are raising money Wednesday for three police charities and the family of fallen NYPD Det. Jonathan Diller.
Suspected Gilgo Beach serial killer Rex Heuermann is appeared in court in Suffolk County, Long Island.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
A judge granted a one week delay in the corruption trial of New Jersey Sen. Bob Menendez Friday, but the senator was not physically in court. He joined the proceedings by phone.
A person self-immolated at a park across from the courthouse where former President Donald Trump's New York criminal trial is taking place.
The jury selection process in former President Donald Trump's New York trial came to a close on Friday, part of a flurry of activity that marked the end of a dizzying first week.
Two U.S. officials tell CBS News an Israeli missile has hit Iran in apparent retaliation for the recent drone and missile attack on the Jewish state.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
Montefiore in the Bronx screened 200,000 people for social detriments of health, and found at least 20% have at least one social need.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
19 people have been stricken — including nine who have been hospitalized — after getting fake or mishandled injections in homes and spas, feds warn.
Anticipation was growing at a fever pitch before Taylor Swift's latest album, "The Tortured Poets Department," dropped at midnight EDT. But it turned out it's actually a double album.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
In the 1,000th episode, titled "A Thousand Yards," NCIS comes under attack by a mysterious enemy from the past.
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."
The coming-of-age story is a favorite for generations of middle and high school students, and they're returning to it on Broadway.
The New York Mets revealed their long-awaited City Connect uniform after cryptic teases and rumored leaks on social media.
Simon Holmstrom scored the go-ahead goal in the third period, Ilya Sorokin stopped Sidney Crosby on a late penalty shot and the playoff-bound New York Islanders edged the Pittsburgh Penguins 5-4.
Aaron Judge broke a 4-all tie with a two-run single in the ninth inning, Juan Soto and Giancarlo Stanton hit solo home runs and the New York Yankees rallied to beat the Toronto Blue Jays 6-4 to avoid their first sweep of the season.
Starling Marte hit his 150th career homer, powering the New York Mets to a 9-1 win over the Pittsburgh Pirates and a sweep of a three-game series.
The No. 1 pick in this year's WNBA draft is "going to raise all boats" for players in the league, one expert said.
A New York City organization is taking action to clean up drug needles and syringes littering a South Bronx park.
Brooklyn Charter School in Bed-Stuy is trying to help parents with the cost of child care by expanding the school day to 12 hours.
Residents in Southern Brooklyn are concerned over MTA's proposed changes as part of the Brooklyn Bus Network Redesign.
Buzunesh Deba, who lives in the Bronx, became the default winner of the 2014 Boston Marathon in 2016 when the first-place winner was disqualified for doping, but she says she has not yet received her prize money.
While many are excited about the idea of a state-of-the art skate park in Brooklyn, one of the largest on the East Coast, others oppose the location chosen.
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.
After decades of disappointment, New York Knicks fans are more excited than ever at this year's chances. That includes a pair of sisters whose love for one another is matched by their love for the Knicks. CBS New York's Steve Overmyer has their story.
The remains of a World War II airman from Connecticut are finally coming home 80 years after Nazis shot down his plane 4,000 miles away. CBS New York's Tony Aiello reports.
One week ago, we brought you an eye-opening story about dozens of drug needles and syringes found in plain sight at a park in the South Bronx. It's a story CBS New York's Bronx reporter Shosh Bedrosian continues to follow. Now, she's speaking with a local organization that's taking action.
Pro-Palestinian student demonstrators gathered on Columbia University's campus again Friday in spite of the university's attempts to stop them. This comes one day after more than 100 people were arrested. CBS New York's Mahsa Saeidi reports.
Protests at Columbia University over the Israel-Hamas war continued Friday. Pro-Palestinian students gathered again despite the university's attempts to stop the demonstration. CBS New York's Mahsa Saeidi reports.