-
Signature Bank Closed After Silicon Valley Collapse
Regulators moved in and shut down New York-based Signature Bank, a troubled major banker for the crypto industry. News 4’s Adam Harding reports.
-
Dow Drops Nearly 500 Points to Close at New Low for 2022 on Rising Recession Fears
Stocks tumbled on Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened recession fear.
-
Queen Haters Deface Iconic Charging Bull Statue Day After Monarch's Death
Cops are looking for a group of people who defaced Wall Street’s Charging Bull with curses to “the queen,” and while it wasn’t clear they were referring to the late British monarch, it happened less than a day after news broke of her death. The NYPD says four people were seen approaching the famous statue at Morris Street and...
-
Group Wanted for Vandalizing Wall Street's Charging Bull
The NYPD released surveillance footage of the suspects.
-
Dow Tumbles 1,200 Points for Worst Day Since June 2020 After Hot Inflation Report
The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation.
-
Sinema Took Wall Street Money While Killing Tax on Investors
Democratic Sen. Kyrsten Sinema of Arizona has received nearly $1 million in campaign contributions over the past year from private equity professionals, hedge fund managers and venture capitalists whose interests she has staunchly defended in Congress.
-
Fed Hikes Its Benchmark Interest Rate by 0.75 Percentage Point, the Biggest Increase Since 1994
The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.
-
Wall Street Enters a Bear Market. Here's What That Means and What You Should Do
Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings...
-
The S&P 500 Is in a Bear Market; Here's What That Means
Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings...
-
Dow Tumbles More Than 900 Points and the Nasdaq Drops 4% on Friday to Close Out a Brutal Month
U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in the technology-led sell-off.
-
Owner of NY-Based Hedge Fund Arrested in Fraud Scheme That Lost Billions of Dollars
Bill Hwang allegedly told banks and brokerages lies that inflated the stock price of publicly traded companies — in order for his private investment firm to grow its portfolio from $10 billion to $160 billion
-
Archegos Founder Arrested on Billions-Dollar Fraud Charges
Lies and fraud led to billions in Wall Street losses, leading prosecutors to file criminal charges against investment titan Bill Hwang. Feds say the scheme was so sophisticated that some of the biggest banks were duped out of billions, but many everyday stockholders were hurt the most. NBC New York’s Jonathan Dienst reports.
-
Dow Plunges More Than 900 Points for Its Worst Day Since 2020, Falls for a Fourth Straight Week
Stocks sank on Friday as investors digested disappointing earnings and rising rates, sending the Dow Jones Industrial Average to its worst day since 2020.
-
Couple Chased by Spitting Slasher, Husband Knifed in Manhattan 2 Train Terror
A 47-year-old man and his wife were terrorized by a knife-wielding man who spat on them on a Manhattan subway Wednesday, then flashed the weapon, gashed the man and chased them up the stairs before they could get help, cops say. The couple was on a northbound 2 train just before 3 p.m., the middle of the afternoon, when cops…
-
Dow Drops 500 Points to End Worst Quarter for Stocks in 2 Years
Stocks ended a rough first quarter on a sour note.
-
Investors Believe the Biggest Threat to the Markets Now Is a Fed Misstep, CNBC Survey Shows
A majority of Wall Street investors believe the biggest threat facing the markets is a policy error by the Federal Reserve, according to a new CNBC investor survey.
-
Everyone Is Worried About Gas Prices, But Diesel Is Driving Inflation More Than You Think
Even before Russia invaded Ukraine, the fuel that runs the global economy was in short supply.
-
SEC Targets SPACs With Rules on Inflated Business Forecasts, Merger Disclosures
The SEC debuted new rules for SPACs that would amount of one of the broadest attempts to date at cracking down on blank-check companies.
-
Dow Drops to Snap Four-Day Winning Streak, Nasdaq Falls More Than 1%
Stocks fell back on Wednesday as oil prices rose, putting the brakes on a two-week rally.
-
Carl Icahn Is Expanding His Animal-Welfare Campaign to Kroger, After First Targeting McDonald's
Carl Icahn is expanding his animal-welfare campaign to the nation’s largest supermarket chain, Kroger Co.