News12 New York
N12 Originals
Numbers & Links
Local
Crime
Weather
Politics
Taxing Long Island
Mostly Cloudy
76°
Local
Crime
Weather
Politics
Taxing Long Island

Fed cuts interest rate to unfreeze credit market

The wild ride on Wall Street continued Wednesday on the announcement the U.S. Federal Reserve issued an emergency interest rate cut.The Dow dropped more than 200 points in its first minute of trading

News 12 Staff

•

Oct 8, 2008, 7:57 PM

•

Updated

Share:

Top Stories

developing copy

Sewanhaka High School closed Monday due to water damage

02:06
monday pm

Morning showers give way to sunny skies and breezy conditions Monday across Long Island

01:31
li5pmbol2026jeremyskibalie_2026-09-13-17-40-26

Two men arrested following LIE crash, one person suffers serious injuries

00:34
li12pmbolmorichesinletwaterrescue_2026-09-13-12-37-31

4 people rescued after boat hits sandbar near Moriches Inlet

00:31
LISLAViolations_2026-09-13-07-05-19

Police: Huntington Station deli hit with a dozen health code violations

JFK

JFK Airport ground stop issued as thunderstorms impact flights

01:34
RTLIGasPricesGoingUp09122026JRGaertner10pm_2026-09-12-22-44-50

Long Island drivers feel strain of rising gas prices

00:21
ricky1

More than 2.3 million Ricky Joy candy bottles recalled over choking hazard

01:54
li5pmboljeremy911ceremony_2026-09-12-17-04-33

Nesconset memorial keeps 9/11 responders’ legacies alive

01:00
li5pmboljennabellport_2026-09-12-17-06-48

South Country parents raise concerns after two school incidents in first week

RABIES ALERT

2 raccoons found with rabies in Suffolk County

00:46
li5pmbolislipgopurple_2026-09-12-17-17-01

Yearly 'Walk to Recovery' held in Islip during Recovery Awareness Month

00:38
912neckstabbing_2026-09-12-06-12-39

Man stabbed in neck during meeting inside Amityville church basement

00:45
li12pmoceansideparkcleanup_2026-09-12-12-04-57

Community comes together to clean up Oceanside park named after 9/11 victim

02:37
LI 10PM FRI_Billy Joel 911_ajc_2026-09-11-22-21-23

The story behind Billy Joel’s FDNY helmet photo, 25 years later

01:44
IMG 6024

Long Islanders commemorate 9/11 with sunrise service at Point Lookout Beach

02:03
LI 10PM FRI_Seaford 911_ajc_2026-09-11-22-08-02

Seaford High School remembers five alumni who died in 9/11 attacks

00:49
911officerbook9pmCM_2026-09-11-21-35-54

Retired NYPD officers release memoir reflecting on 9/11 experience

01:32
5PM LI_Wrong Bus Stop_ajc_2026-09-11-17-11-46_17-08-38,28

Hempstead mother says 5-year-old daughter was dropped off at wrong bus stop and walked home alone

00:26
MTLIWoodEvent0911_2026-09-11-22-32-04

LI Woodworkers show returns to Cradle of Aviation this weekend

App StoreGoogle Play Store

info

Newsletter

Send Photos/Videos

Contact

About Us

News Team

News 12 New York

follow us

Twitter

Facebook

Instagram

more resources

Optimum Corporate

Optimum Service

Advertise on News 12

Careers

Content Removal Policy

© 2026 N12N, LLC

Privacy Policy

Terms of Service

Ad Choices