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.
Two teens were arrested on Wednesday night after they tried to break into a home in the Porter Ranch area, marking yet another incident in a troubling crime trend in the San Fernando Valley.
After just over a week on strike, teachers with the Little Lake City School District have tentatively agreed to a new deal, ending the state's third-longest teacher's strike since 1996.
Nkosi Tafari headed in Son Heung-Min's free kick in second-half stoppage time and LAFC beat Toluca FC 2-1 in the first leg of the CONCACAF Champions Cup semifinal.
Jabari Smith Jr. scored 22 points, Tari Eason added 18 and the Houston Rockets avoided playoff elimination for the second straight game with a 99-93 victory over the Lakers in Game 5.
The redesignation of All American Way to Charlie Kirk Way is "in honor of slain activist Charlie Kirk," according to Westminster City Council documents. The name change was approved by the city council in a 4–1 vote last fall.
The singer is accused of killing 14-year-old Celeste Rivas Hernandez.
Two teens were arrested on Wednesday night after they tried to break into a home in the Porter Ranch area, marking yet another incident in a troubling crime trend in the San Fernando Valley.
Top gubernatorial candidates faced off in the CBS California Governor's Debate at Pomona College.
A closer look at voters' views on issues in the primary for the California governor's race going into Tuesday's debate.
After just over a week on strike, teachers with the Little Lake City School District have tentatively agreed to a new deal, ending the state's third-longest teacher's strike since 1996.
Two teens were arrested on Wednesday night after they tried to break into a home in the Porter Ranch area, marking yet another incident in a troubling crime trend in the San Fernando Valley.
After just over a week on strike, teachers with the Little Lake City School District have tentatively agreed to a new deal, ending the state's third-longest teacher's strike since 1996.
The redesignation of All American Way to Charlie Kirk Way is "in honor of slain activist Charlie Kirk," according to Westminster City Council documents. The name change was approved by the city council in a 4–1 vote last fall.
Pasadena public health officials confirmed four cases of whooping cough at Don Benito Fundamental School.
The shooting happened in the Athens Park area on Jan. 31, 2025, deputies said. They're still searching for the suspect who allegedly shot and killed two people and wounded five others.
The redesignation of All American Way to Charlie Kirk Way is "in honor of slain activist Charlie Kirk," according to Westminster City Council documents. The name change was approved by the city council in a 4–1 vote last fall.
The crash happened at around 11:50 a.m. near Newland Street, police said.
Evacuation warnings were lifted on Sunday morning, firefighters said.
A bat found on the Fullerton College campus last week has tested positive for rabies, according to the Orange County Health Care Agency.
They're diagnosed with ADHD, dyslexia, and for 20-year-old Roberto Reyes and his older brother Jesus, it's autism. Their mother was desperate to find support when they were young.
A 3.4-magnitude earthquake struck near the Riverside-San Bernardino county line on Wednesday night, which was then followed by a smaller 2.7-magnitude aftershock.
Police say that the driver of a Honda Civic lost control of their car, which veered off the side of the highway and rolled to the bottom of a steep embankment in Lake Elsinore on Wednesday afternoon.
A San Bernardino County high school coach was arrested for allegedly sleeping with a 15-year-old girl he met at a water polo match in October last year, police said.
Menifee police are seeking help from the public in locating a hit-and-run driver who struck and killed a 59-year-old man in December 2025.
Just a week after the two-weekend Coachella Music Festival left Indio, the Empire Polo Club grounds were flooded by country music fans for Stagecoach. Police arrested 119 people during the three-day event, most of whom were arrested for possession of alcohol under 21 years of age.
The new format would add eight more at-large teams, and take eight more teams out of the main bracket for play-in games.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
A federal appeals court rejected the Trump administration's policy of making immigrants subject to mandatory ICE detention without bond, including those who have lived in the U.S. for years.
Former FBI Director James Comey is again facing federal charges after the government's previous case against him was dismissed.
Federal prosecutors charged 34 defendants across two indictments, alleging sports betting and mafia-linked rigged poker games.
Top gubernatorial candidates met onstage at the CBS California Governor's Debate on April 28. Here are the highlights.
A federal appeals court rejected the Trump administration's policy of making immigrants subject to mandatory ICE detention without bond, including those who have lived in the U.S. for years.
Former FBI Director James Comey is again facing federal charges after the government's previous case against him was dismissed.
A closer look at voters' views on issues in the primary for the California governor's race going into Tuesday's debate.
Top candidates for California governor will face off in the CBS California Governor's Debate at 5:30 p.m. PST on Tuesday, April 28.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
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.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
LA County public health officials issued a bacteria warning at several beaches as a potentially record-breaking heat wave arrives in Southern California.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
A home-based food movement has been heating up in California, with home cooks turning their beloved family recipes into small businesses.
More than a dozen cities and counties across California were given a "final warning" from state officials Wednesday, saying they have failed to properly plan for additional new homes amid the state's lack of affordable housing.
Nkosi Tafari headed in Son Heung-Min's free kick in second-half stoppage time and LAFC beat Toluca FC 2-1 in the first leg of the CONCACAF Champions Cup semifinal.
Jabari Smith Jr. scored 22 points, Tari Eason added 18 and the Houston Rockets avoided playoff elimination for the second straight game with a 99-93 victory over the Lakers in Game 5.
Javier Sanoja singled in the go-ahead run with two outs in the eighth inning, lifting the Miami Marlins over the Los Angeles Dodgers 3-2.
Los Angeles Angels pitcher Yusei Kikuchi left a game against the White Sox in Chicago after two innings with left shoulder tightness.
Rookie Sam Antonnaci hit a tying triple with two outs in the ninth inning and Colson Montgomery had a winning single in the 10th, lifting the Chicago White Sox over Los Angeles 3-2 for a three-game sweep that extended the Angels' losing streak to six.
Just a week after the two-weekend Coachella Music Festival left Indio, the Empire Polo Club grounds were flooded by country music fans for Stagecoach. Police arrested 119 people during the three-day event, most of whom were arrested for possession of alcohol under 21 years of age.
The Stagecoach Music Festival was evacuated on Saturday night due to extreme winds blowing in the area.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
During a court appearance on Thursday, Los Angeles County prosecutors said that singer D4vd, who was charged with murder in connection with the death of 14-year-old Celeste Rivas Hernandez, had a "significant amount" of child pornography on his cellphone.
Michael Tilson Thomas, the 12-time Grammy Award winning composer and famed conductor who led the San Francisco Symphony for a quarter century, has died.
Two people were arrested after they attempted to break into a home in Porter Ranch on Wednesday night, according to Los Angeles police. Desmond Shaw reports.
A man was arrested early Wednesday morning after he broke into a Hermosa Beach restaurant and caused $100k worth of damage, according to the business owners. Brittney Ermon reports.
After just over a week on strike, teachers with the Little Lake City School District have tentatively agreed to a new deal, ending the state's third-longest teacher's strike since 1996.
A 3.4-magnitude earthquake struck near the Riverside-San Bernardino county line on Wednesday night, which was then followed by a series of smaller aftershocks.
Authorities are still searching for the suspect who ran from a traffic stop in San Marino, where a man suffering from gunshot wounds was found in the trunk of the car. Nicole Comstock reports.
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.
