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.
LADOT began a construction project to increase safety along Vista del Mar in Playa del Rey.
The Ventura County Sheriff's Office arrested a woman for allegedly slashing multiple cars' tires.
LAPD Captain Ben Fernandes said from May until now, it's like night and day as ongoing law enforcement efforts have decreased drug use and gang activity around the park.
Mayor Karen Bass said Lineage will not finish cleaning up the rotting food from its burned Boyle Heights warehouse by the 45-day deadline.
More than 3,100 people have been stung at Bolsa Chica and Huntington State Beach so far this year, which is at least double last year's total.
LADOT began a construction project to increase safety along Vista del Mar in Playa del Rey.
The Ventura County Sheriff's Office arrested a woman for allegedly slashing multiple cars' tires.
LAPD Captain Ben Fernandes said from May until now, it's like night and day as ongoing law enforcement efforts have decreased drug use and gang activity around the park.
Mayor Karen Bass said Lineage will not finish cleaning up the rotting food from its burned Boyle Heights warehouse by the 45-day deadline.
More than 3,100 people have been stung at Bolsa Chica and Huntington State Beach so far this year, which is at least double last year's total.
LADOT began a construction project to increase safety along Vista del Mar in Playa del Rey.
LAPD Captain Ben Fernandes said from May until now, it's like night and day as ongoing law enforcement efforts have decreased drug use and gang activity around the park.
Mayor Karen Bass said Lineage will not finish cleaning up the rotting food from its burned Boyle Heights warehouse by the 45-day deadline.
More than 3,100 people have been stung at Bolsa Chica and Huntington State Beach so far this year, which is at least double last year's total.
A State Bar investigation of the law practice of John Minnella of Tustin began in 2024 after a former client filed a complaint, alleging he paid $4,500 for a work permit through an asylum application, which he never received.
Police said that the couple was involved in some sort of altercation when the incident occurred.
A suspect caused a lockdown at the public defender building in Westminster.
Police said that a person inside the building was hospitalized after suffering injuries in the collision.
According to Santa Ana Police Department officers, the collision happened at around 6 p.m. near the intersection of N. Santiago Street and Santa Ana Boulevard.
The $14.5 million Jeffrey Open Space Trail Bicycle and Pedestrian Bridge is almost 1,200 feet long and 15 feet wide, spanning the I-5 Freeway.
The Ojai Raptor Center said individuals are selling merchandise featuring Big Bear's bald eagle, Jackie, claiming that it will benefit the wildlife rescue facility.
California Highway Patrol officers said that it appeared the body had been in the area for a few days.
Six people were arrested and nearly $200,000 in stolen goods were recovered during a series of operations conducted by the Los Angeles County Sheriff's Department's Retail Crime Task Force last week.
Body cameras captured the moments Rialto police officers rushed to save a choking child with a LifeVac tool.
After more than 50 years, the victim of a cold case homicide investigation whose body was found in the remote Riverside County desert has finally been identified.
A jury of six men and 10 women was selected to hear the case against an ex-gang leader accused of orchestrating Tupac Shakur's killing nearly 30 years ago.
The Kennedy Center's board of trustees voted to add President Trump's name to the facade of the performing arts center, more than two months after a judge ordered its removal, according to a Democrat who sits on the center's board.
The baby at the center of a surrogacy dispute was born in Texas Wednesday and has hypoplastic left heart syndrome, a rare heart defect.
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
The Kennedy Center's board of trustees voted to add President Trump's name to the facade of the performing arts center, more than two months after a judge ordered its removal, according to a Democrat who sits on the center's board.
Senate Democrats are demanding answers about conditions aboard the USS Abraham Lincoln during the aircraft carrier's record-setting deployment.
The current law leaves it to California school districts and charter schools to roll out their own policies on how they want to restrict or ban smartphones. But there's growing momentum to go a step further.
A California bill, known as Leno's Law, aimed at easing smog-check requirements for older collector cars is advancing through the legislature. The measure would expand the state's existing exemption for certain older vehicles from the state's smog requirements.
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
Homeowners getting their insurance through the California FAIR Plan will soon be paying even more, but industry observers say it may be a good sign for the state's insurance market.
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.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Orange County Health Care Agency officials have confirmed the county's first human West Nile virus case of 2026, amid what some medical experts believe could be one of the worst mosquito seasons on record.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
California Gov. Gavin Newsom on Friday announced the rollout of the state's new electric vehicle instant rebate program, touting it as part of an investment in the state's clean-vehicle future.
Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The California State Assembly passed a new bill that they hope can rein in a black market in restaurant reservations.
Mike Trout had three hits and two RBIs, Jose Siri keyed a three-run sixth inning with a pinch-hit RBI double, and George Klassen earned his first major league win in the Los Angeles Angels' 5-2 comeback victory over the Texas Rangers.
Shohei Ohtani, Mookie Betts and Hunter Feduccia homered, and the revitalized Los Angeles Dodgers swept the Kansas City Royals with a 4-2 victory.
Westbrook played for Oklahoma City, Houston, Washington, both Los Angeles teams, Denver and Sacramento during his 18-year-career.
The deal comes less than 1 year after Mark Walter purchased a majority stake from the Buss family for about $10 billion.
Max Muncy singled in Shohei Ohtani, lifting the Los Angeles Dodgers over the Kansas City Royals 5-4 in 10 innings.
California Gov. Gavin Newsom on Monday announced that nine new television productions would be awarded through the state's film and television tax credit program, which his office estimates will bring over $600 million in production spending.
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
Some parts of the LA Jazz Festival were canceled just days before the citywide, two-week party was slated to begin, leaving performers and fans alike in the dark.
A performer will be living inside a billboard 30 feet above the Sunset Strip as Netflix promotes its new film "The Last House."
The Bob Baker Marionette Theater is releasing its first new show in four decades as the iconic team works to raise money and purchase its permanent home in Highland Park.
Southern California is going to experience another warm-up next week as a high-pressure system pushes closer to the region. Temperatures will be above average and hot.
Rams Safety Quentin Lake is our guest this week on the Sports Central Podcast. He's become a big success story for the Rams after being drafted in the 6th round and he chats with Darren Haynes on his rise in the secondary and what it would mean to this local boy to play in the Super Bowl at SoFi Stadium this season with the Rams
As wildfire survivors move into their rebuilt homes, they're meeting their new coyote neighbors. Lauren Pozen reports.
The Los Angeles Department of Transportation began the Vista del Mar Safety Project, an effort to decrease the number of deadly car crashes along the roadway. Laurie Perez reports.
Experts said that the new female eagle could just be hanging out with Shadow after his mate, Jackie's death. Brittney Ermon reports.
Some of golf's best are facing off at the U.S. Women's Open at the Riviera Country Club in the Pacific Palisades over the weekend. The event runs from June 2 to June 7.
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.