Stocks sink to new low for 2022 as recession fears mount
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
The market swoon adds to weekly losses sparked by a hotter-than-expected inflation report.
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
Stocks claw back losses after flirting with the first bear market since early 2020.
S&P 500 suffers biggest one-day drop since 2020 as "stagflation" fears fuel concern about of a U.S. downturn.
Investors are concerned that tightening monetary policy could tip the U.S. economy into recession.
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.
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?
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
Global stock markets rebounded Tuesday after President Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
The financial markets tumbled on coronavirus fears and a crash in oil prices.
Stocks are falling again on Thursday as the economic impact of the global coronavirus spread becomes clearer.
Stocks plunged on Monday after the U.S. and China ratcheted up their trade war, with China letting its currency drop to an 11-year low.
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
Stocks sank sharply Monday, with key U.S. indexes on track for their worst December since the 1930s.
Stock trading turned jittery again after two weeks of gains, pulling the Dow Jones Industrial Average down 600 points.
Democratic leaders know -- and worry about -- the power of Trump's politics of fear.
Facebook just suffered the biggest wipeout in stock market history.
U.S. stocks tumbled into correction mode to start off the second quarter on Monday, as technology shares got battered on worries sparked by trade concerns and tweets by President Trump and Elon Musk.
The Dow surged 669 points — its third-biggest point gain in history — and had its best day in two and a half years. Investors were cheered by signs that the United States and China are talking behind the scenes to avoid a clash between the world's two biggest economies.
Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.
A street vendor thinks he's having a photo shoot with a popular influencer, but instead is surprised with a new cart and $5,000 in cash.
Give your grad the best of the best for downtime enjoying music, listening to podcasts, or watching movies and TV.
The body was discovered around 10:25 a.m. near the 2400 block of Redondo Boulevard.
Sheriff Robert Luna held a Thursday morning news conference, sharing photos and a sketch of three people believed to be connected to the death of 32-year-old Raul Cervantes Corona.
Scientists are using a range of tools to protect the endangered wildlife that could disappear in coming decades.
A street vendor thinks he's having a photo shoot with a popular influencer, but instead is surprised with a new cart and $5,000 in cash.
The body was discovered around 10:25 a.m. near the 2400 block of Redondo Boulevard.
A man armed with a knife was killed during a shooting involving a Los Angeles County Sheriff's Department deputy at the Long Beach-Bellflower border, and as part of the investigation, bodycam video has been released.
Sheriff Robert Luna held a Thursday morning news conference, sharing photos and a sketch of three people believed to be connected to the death of 32-year-old Raul Cervantes Corona.
Deputies say the dog, Kjeld, was wearing a bulletproof vest, which absorbed the brunt of the gunshot.
A street vendor thinks he's having a photo shoot with a popular influencer, but instead is surprised with a new cart and $5,000 in cash.
The body was discovered around 10:25 a.m. near the 2400 block of Redondo Boulevard.
Sheriff Robert Luna held a Thursday morning news conference, sharing photos and a sketch of three people believed to be connected to the death of 32-year-old Raul Cervantes Corona.
Lifestyle expert and The Go-To Girlfriend, Sadie Murray, shows us some eco-friendly beauty products just in time to celebrate Earth Day.
A man was taken to the hospital after being shot by police officers in Torrance early Thursday morning.
The person was hospitalized in unknown condition after a shooting in the 2800 block of Ball Road.
The highly controversial DisneylandForward proposal to expand the world-famous park and bring with it nearly $2 billion in new rides, attractions, restaurants and shops was given a key green light by the Anaheim City Council after an hours-long, heated meeting.
The woman was airlifted to a hospital in unknown condition after her car plummeted more than 150 feet down an embankment in Newport Beach on Tuesday.
Chance Brannon, 24, was sentenced to nine years in federal prison for his part in a firebombing attack on a Planned Parenthood clinic in Costa Mesa in March 2022.
The woman convicted of killing a pregnant mother while driving under the influence faced the victim's grieving family during her sentencing hearing on Thursday.
The goats were taken late Monday evening. Farm workers say that all of them were either pregnant or now leave babies behind during a crucial point in their young lives.
Deputies arrested the man after witnessing him performing driving stunts with a 3-year-old child in the back of his vehicle.
While thousands of teachers face the looming threat of layoffs across California, one Inland Empire school district is looking to create an employment trend in the opposite direction.
The plane crashed late Saturday evening just north of Devil's Canyon, but weather prevented them from responding to the area until Sunday morning, according the San Bernardino County Sheriff's Department.
The USGS map detecting where the quake was felt, notes that about 60 miles away, Coachella music festival goers camping out, or staying in the area may have felt it.
"No teacher should have to lie as part of their job". Ross Palombo talks to a teacher in the Los Angeles Unified School who says he was told to lie about class attendance, which is how the state calculates funding from your tax dollars.
The CDC recommends that at least 95% of students have the MMR vaccine in order to lower the risk of measles outbreaks at their school, but a recent KCAL News investigation shows that hundreds of SoCal schools are well below that number.
For months, migrants have arrived in Los Angeles on controversial buses chartered from Texas. With a lack of coordination from the Lone Star state, community groups stepped in to help bring things under control and helped hundreds across Southern California.
KCAL senior reporter Ross Palombo gets an unprecedented look into the tactics the LAPD uses to stop retail theft.
A federal court ruling involving a controversial arrest within Moreno Valley Unified School District could lead to big changes in school policies nationwide.
Scientists are using a range of tools to protect the endangered wildlife that could disappear in coming decades.
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
Twelve people have been selected to serve as jurors in former President Donald Trump's criminal trial in New York, filling out the panel on the third day of proceedings.
Hurricane Maria nearly wiped out an endangered parrot in Puerto Rico, highlighting the grave threat climate change-fueled storms pose to endangered species.
Twelve people have been selected to serve as jurors in former President Donald Trump's criminal trial in New York, filling out the panel on the third day of proceedings.
The Senate's 51-member Democratic majority voted to dismiss both charges as unconstitutional over the objections of Republican members.
In her second State of the City address, Mayor Karen Bass tried to strike a balance of optimism and realism while tackling many issues affecting Los Angeles.
Idaho Gov. Brad Little, a Republican, signed a bill into law last year that prohibits gender-affirming medical treatments for transgender minors.
California Attorney General announced a lawsuit filed by the state on Monday to challenge the legality of a voter-identification measure that was recently approved by Huntington Beach residents.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
When, who and how much to tip is becoming more of a question in consumers' minds.
One in four college students says they have credit card debt, according to a new survey by U.S. News and World Report. And with interest rates topping 20 percent, those students could be in debt for years. On Your Side's Kristine Lazar has more on the biggest mistakes college students are making with their credit cards.
Fewer than a third of Americans have a will. Experts say that could lead to confusion and money loss when someone dies without one. On Your Side's Kristine Lazar has expert tips on who needs a will and how to create one.
Choosing random numbers increases your chances of not having to split the prize money should you win.
California law says genetic testing companies have to get your permission before they store, use or sell your DNA, but the state itself doesn't have to get your permission and has been storing DNA samples from every baby born there since the '80s. Lawmakers want to change that, but face an uphill battle.
Fentanyl test strips used to be illegal in California. Now, state law requires them on community and state college campuses and they're popping up everywhere from vending machines to bars. They're intended to help young people avoid fentanyl-laced counterfeit prescription pills and tainted recreational drugs. But as fentanyl test strips are normalized – from high school to college to bachelor parties – experts warn test strips alone can provide a false sense of security, and in some cases do more harm than good. We put fentanyl test strips to the test, and what we found could save someone you know.
Dr. Gary Gibbon is now cancer-free, six months after the first-ever lung-liver transplant on a cancer patient.
Preventative chemotherapy, which is usually referred to as "adjuvant chemotherapy," is an early treatment that is used to reduce the chances of cancer returning.
Actress Olivia Munn's cancer diagnosis is raising awareness for women to seek additional screening for breast cancer after her traditional testing failed to show any signs.
Robotaxis are hitting the streets of Los Angeles.
Disney is seeking approval from local officials to expand its California theme park offerings over the next four decades.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
Southern California Edison will pay $80 million to settle claims on behalf of the U.S. Forest Service connected to a massive wildfire that destroyed more than a thousand homes and other structures in 2017.
As he closes in on the Republican presidential nomination, former President Donald Trump made a highly unusual stop.
Carter won the Stanley Cup twice during his career while playing for the Penguins, Kings, Blue Jackets, and Flyers.
Anthony Rendon and Taylor Ward hit run-scoring singles off struggling closer Pete Fairbanks in the ninth inning and the Los Angeles Angels beat the Tampa Bay Rays 5-4.
CJ Abrams homered in the first at-bat of the game and the Washington Nationals beat the Los Angeles Dodgers 2-0 to take the series.
Jontay Porter is the second person to be banned from the league for violating league rules after now-former Los Angeles Clippers owner Donald Sterling in 2014.
Mookie Betts tied his career high with five hits, doubling twice and driving in two runs to lead the Los Angeles Dodgers 6-2.
Guitar legend Dickey Betts, who co-founded the Allman Brothers Band and wrote their biggest hit, "Ramblin' Man," has died.
The singers first dated in 2003 and delighted fans when they rekindled their relationship in 2023.
William, the Prince of Wales, spent weeks out of public view to be there for Kate as she undergoes treatment for an unspecified cancer.
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."
Veterinarian and author Ruth MacPete shows you simple ways people can help their pets live cleaner and greener.
David Bianchi talks with Kalyna Astrinos about starring in the new series "RZR", which also stars Richard Cabral, Danny Trejo and Mena Suvari.
Richard Newcomb, Union Rescue Mission VP of philanthropy talks about the beginnings of the mission’s televised fundraiser and the upcoming telethon, “Angels of Hope.”
A large protest at USC is underway after the university canceled its valedictorian's commencement speech. Also, there is growing outrage and debate in Chino after the transfer of more than a dozen death row inmates to the California Institute for Men in the city. Plus, an active scene in Downtown LA where a police shooting investigation is underway. Your top stories at the top of the hour, weekdays at 2p, 3p, and 7p streaming on CBS News Los Angeles.
Chief Dominic Choi shares LAPD perspective on the latest issues: community concern regarding hate crimes, the homeless and private funding, the rise in violent crime statistics, and staffing levels.
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 Academy Awards will hand out filmmaking's top honor in 23 categories during the 2024 Oscars at the Dolby Theatre in Hollywood, starting at 7 p.m. Eastern, 4 p.m. PDT.
Shots from the PGA's Genesis Invitational golf tournament held at the Riviera Golf Club in the Pacific Palisades.
Even a potentially historic storm bearing down on California couldn't keep the stars away from the red carpet ahead of the 66th Grammy Awards in Los Angeles.
Who are your favorite celebrities wearing for the 2024 Golden Globe Awards? Check out our red carpet fashion photo gallery!