Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Watch CBS News
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
California-based electric car company Tesla on Monday announced that it bought $1.5 billion in bitcoin.
Kais Mohammad, 36, who was also known as "Superman 29," agreed to plead guilty to one count each of operating an unlicensed money transmitting business, money laundering and failing to maintain an effective anti-money laundering program.
A bakery break-in and the guy went straight for the dough. But it wasn't the kind of cash machine most are used to. This one is for bitcoin.
The victim is told the money must be received within nine days and the scammer even includes a "how-to" guide on paying with bitcoin.
A man and a woman dubbed the "Discount Bitcoin Bandits" have been charged with stealing thousands of dollars from people trying to buy bitcoin, in some instances outright robbing prospective buyers, prosecutors said.
A popular middle school program has turned to a blockchain-fundraising platform to raise money.
The Securities and Exchange Commission this week sent a letter to investment trade groups containing more than 30 questions that must be answered before a digital currency fund gets approval.
The price of the volatile digital currency dropped nearly 30 percent this week.
In a quiet suburb near Los Angeles, wild partying gave way to a multi-million dollar, illicit empire operating in the secret corners of the Web.
The plunge comes after its price soared by more than 1,000 percent since the start of the year.
An Inglewood man says he lost his life savings after investing all his money in the digital currency.
The hackers locked the school's file, email and messaging systems and threatened to delete them.
LinkedIn says a 2012 breach resulted in more than 100 million of its users' passwords being compromised — vastly more than previously thought.
The man Newsweek claimed is the creator of bitcoin has hired a lawyer in an attempt to clear his name, repeating a denial he made to The Associated Press more than a week ago that he has never had anything to do with the digital currency.
Two Los Angeles County Sheriff's deputies described in Newsweek's story about "the face behind Bitcoin" say the quotes attributed to Dorian Nakamoto and a deputy in the story are accurate.
KCAL9's Dave Bryan spoke with Satoshi Nakamoto outside of his home in Temple City, where media from around the world were camped out Thursday.
Jason Robertson had two goals and an assist, and the Dallas Stars beat the Anaheim Ducks 8-3 for their third straight win.
Deputies arrested a 51-year-old man in connection with the 2006 shooting in Highgrove, according to a news release from the Riverside County Sheriff's Office.
Alex Laferriere scored three times and the Los Angeles Kings finally found their offense in a 6-1 win over the Anaheim Ducks.
Rock music legend Sammy Hagar has donated $10,000 to a 12-year-old boy who was injured when a helicopter crashed on him in Huntington Beach in October.
It happened at around 5:25 p.m. at a home in the 3500 block of S. Spearing Avenue, said the Los Angeles Fire Department.
Several lanes of the 5 Freeway were closed and a shelter-in-place order was issued to residents in Castaic, California, after a gas line ruptured on Saturday.
Deputies arrested a 51-year-old man in connection with the 2006 shooting in Highgrove, according to a news release from the Riverside County Sheriff's Office.
Rock music legend Sammy Hagar has donated $10,000 to a 12-year-old boy who was injured when a helicopter crashed on him in Huntington Beach in October.
It happened at around 5:25 p.m. at a home in the 3500 block of S. Spearing Avenue, said the Los Angeles Fire Department.
Nicaela Hernandez, 31, allegedly shot and killed another woman inside of a residence.
It happened at around 5:25 p.m. at a home in the 3500 block of S. Spearing Avenue, said the Los Angeles Fire Department.
The 5 Freeway north of Los Angeles was closed for hours and a shelter-in-place order was issued to more than 19,000 residents in Castaic after a natural gas line ruptured on Saturday afternoon.
Five people, including two children, were injured in a two-car crash that happened after a large boulder fell onto Highway 18 near Big Bear Lake on Friday night.
The chase began in Hacienda Heights, officers said.
The pedestrian was struck and killed at around 5 a.m. on Friday morning near Van Nuys Boulevard and Armita Street, according to LAPD detectives.
Rock music legend Sammy Hagar has donated $10,000 to a 12-year-old boy who was injured when a helicopter crashed on him in Huntington Beach in October.
It happened at around 10:23 p.m. on Saturday near S. Gilbert Street and Carol Drive, according to the Fullerton Police Department.
Police say that the shooting stemmed from a fight at a party on Friday night.
Southern California air quality regulators extended a no-burn alert for much of Los Angeles, Orange, Riverside and San Bernardino counties.
With Hanukkah underway and Christmas approaching, CBS LA is issuing a Next Weather Alert for rainy weather this holiday season.
Deputies arrested a 51-year-old man in connection with the 2006 shooting in Highgrove, according to a news release from the Riverside County Sheriff's Office.
Five people, including two children, were injured in a two-car crash that happened after a large boulder fell onto Highway 18 near Big Bear Lake on Friday night.
Highway 2 leading into Wrightwood is washed out due to flooding, with evacuation and safety warnings in place as crews work to get the situation in the area under control, according to San Bernardino County Fire.
Two people were arrested for allegedly stealing a horse worth approximately $80,000 in November, according to the Riverside County Sheriff's Office.
Firefighters said that the pilot deployed an "airframe parachute system," which allowed the aircraft to make a safe landing in the Cleveland National Forest.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
A strong storm system that brought relentless winds, rain and snowfall to California was expected to ease Friday, but there was still a risk of more mudslides and flooding, forecasters said.
Karoline Leavitt and her husband, Nicholas Riccio, welcomed their first child, also named Nicholas, in July 2024.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
The Justice Department is facing continued backlash over its partial releases of the Epstein files, with lawmakers and survivors denouncing the limited scope of the disclosures.
Secretary of the Interior Doug Burgum said the agency is pausing leases for five offshore wind farms "due to national security concerns."
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
Jason Robertson had two goals and an assist, and the Dallas Stars beat the Anaheim Ducks 8-3 for their third straight win.
Alex Laferriere scored three times and the Los Angeles Kings finally found their offense in a 6-1 win over the Anaheim Ducks.
C.J. Stroud threw for two long touchdowns on Houston's first two drives of the game, and the Texans went on to beat the Los Angeles Chargers 20-16 on Saturday and clinch a third consecutive playoff berth for the first time in franchise history.
James Harden had 34 points, Brook Lopez scored 31 points, including a career-high nine 3-pointers, and the Los Angeles Clippers beat the Portland Trail Blazers 119-103 for their third straight win.
Austin Reaves could miss at least a month with a strained left calf, a damaging blow for the struggling Los Angeles Lakers.
Rock music legend Sammy Hagar has donated $10,000 to a 12-year-old boy who was injured when a helicopter crashed on him in Huntington Beach in October.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
Feeding America's CEO said the organization is "incredibly grateful" for Taylor Swift's large donation.
Vince Zampella, a video game developer known for pioneering iconic franchises like "Call of Duty," died in a car crash on the Angeles Crest Highway in Los Angeles County on Sunday afternoon.
Zach Boetto and Lauren Pozen provide team coverage on the major natural gas line rupture in Castaic, which caused an hours-long closure of the 5 Freeway in the midst of holiday travel traffic.
Rock music legend Sammy Hagar has donated $10,000 to a 12-year-old boy who was injured when a helicopter crashed on him in Huntington Beach in October. Lauren Pozen reports.
The 5 Freeway has been closed and a shelter-in-place order has been issued to residents in Castaic after a gas line ruptured on Saturday afternoon.
The Night We Met in the Mid-Wilshire neighborhood of Los Angeles, the fourth restaurant behind couple and co-owners Mindy and Vincent Kinne, offers an Asian diasporic menu that spans multiple countries. They showed off their New Year's Even menu on CBS LA
We’re headed to the desert live this morning to visit Rancho Mirage with Westways! Derrik Lang, Westways Senior Features Editor, joins Rachel Kim to explore the desert paradise.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
