Boomer wealth transfer will mostly benefit the already rich, report finds
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
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Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
New York Fed survey shows growing concern about household finances and the job market, even as the job market remains solid.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
According to the Unidos Bipartisan Poll of Hispanic Voters: The Road to 2026, 53% of Latino voters cite the cost of living and inflation as their leading concern.
Investigators say criminals are able to intercept goods along the supply chain by impersonating real companies.
The number of immigrant workers has declined from January through the end of July, preliminary Census data shows.
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in three years.
Trump's ratings on economy are lower, but his deportation plan keeps majority support.
President Trump's aggressive use of tariffs has fueled concerns about the economy and roiled the stock market.
President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
Most Americans say the matter of Trump administration officials discussing U.S. military plans on the Signal app is serious.
The U.S. labor market has been slowing, but today's jobs report isn't yet reflecting the layoffs ordered by Elon Musk's DOGE.
A grassroots effort is asking American consumers to refrain from making purchases at major retailers for one day in February.
Figures do not include layoffs ordered by the Department of Government Efficiency. Analysts expect those to show up in coming weeks.
Economy showed solid fourth-quarter growth, though roughly a percentage point below economist expectations.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Workers at seven CVS pharmacies in Southern California have gone on strike for better pay and health care and to protest what they say is bad-faith contract bargaining by the company.
Some of the lowest-paid health care workers in California will get a pay bump Wednesday under a state law gradually increasing their wages to at least $25 an hour.
The fire was reported at around 1:30 p.m. in the Mead Valley area according to Riverside County firefighters.
LA County supervisors are offering a $50,000 reward for help finding the gunman who killed a teen at a Torrance pool party last year.
Sergio Valdovinos Ramirez pleaded guilty to three felony counts of grand theft by embezzlement and one felony count of insufficient checking funds
As many as 200 vehicles may need to be totaled as a result of flooding, Mayor John Heilman told CBS LA.
The Lucas Museum broke ground in Exposition Park in March 2018 and will officially open eight years later on September 22, 2026.
The fire was reported at around 1:30 p.m. in the Mead Valley area according to Riverside County firefighters.
LA County supervisors are offering a $50,000 reward for help finding the gunman who killed a teen at a Torrance pool party last year.
The multi-day preliminary hearing in the murder case against D4vd began on Tuesday with prosecutors calling their first witnesses and presenting gruesome photos.
Sergio Valdovinos Ramirez pleaded guilty to three felony counts of grand theft by embezzlement and one felony count of insufficient checking funds
As many as 200 vehicles may need to be totaled as a result of flooding, Mayor John Heilman told CBS LA.
LA County supervisors are offering a $50,000 reward for help finding the gunman who killed a teen at a Torrance pool party last year.
Sergio Valdovinos Ramirez pleaded guilty to three felony counts of grand theft by embezzlement and one felony count of insufficient checking funds
The Lucas Museum broke ground in Exposition Park in March 2018 and will officially open eight years later on September 22, 2026.
The multi-day preliminary hearing in the murder case against D4vd began on Tuesday with prosecutors calling their first witnesses and presenting gruesome photos.
An Altadena couple who lost their home in the Eaton Fire last year got married on their burned-out property as they continue to rebuild.
An investigation is underway in Laguna Beach, where a woman in her 60s was found dead inside her home on Monday.
Police said that 2,200 pounds of methamphetamine were seized during a search warrant at an Anaheim home.
A Metrolink train carrying approximately 500 people was forced to evacuate in Orange County on Saturday afternoon due to a mechanical issue.
From savory eats to everything fried and sweet treats, there are more than 100 food vendors serving up fair food, and for a chance to try a little of everything, the Taste of the Fair promotion offers samplings for $5 at participating booths.
A 24-year-old man pleaded guilty to robbing three Subway restaurants earlier this year.
The fire was reported at around 1:30 p.m. in the Mead Valley area according to Riverside County firefighters.
Police said that the man was found naked in the grass with injuries to his face and that all of his belongings were in a nearby trash can.
Surveillance video footage showed the moments when two thieves allegedly stole up to $20,000 in memorabilia from a collectible card shop in Corona over the weekend.
An injured bald eagle was rescued from Big Bear Lake by wildlife officials after it was involved in a fight, according to Friends of Big Bear Valley and the Los Angeles County Department of Parks and Recreation.
Riverside County signed an emergency waiver that allows El Sobrante Landfill to exceed its maximum tonnage limits.
Carl Isom-McDaniel was on a walk with his grandson at Yellowstone National Park earlier this month when a bison suddenly charged at him and threw him 8 feet into the air.
Defense Secretary Pete Hegseth said the administration estimates that the Iran war has cost $37.5 billion since it began in late February.
The recall affects certain 2020-2027 Aviator and 2020-2026 Explorer vehicles.
A United Airlines employee appears to have been caught on video threatening to call ICE on a passenger last week at San Francisco International Airport.
Sen. Darline Graham, who is serving out the remainder of the late Sen. Lindsey Graham's term in the Senate, said she will seek a full term for the South Carolina seat her brother held for more than two decades.
Defense Secretary Pete Hegseth said the administration estimates that the Iran war has cost $37.5 billion since it began in late February.
Sen. Darline Graham, who is serving out the remainder of the late Sen. Lindsey Graham's term in the Senate, said she will seek a full term for the South Carolina seat her brother held for more than two decades.
Homeland Security Investigations is an arm of ICE, meaning the immigration enforcement agency would effectively be investigating incidents involving its own agents.
This is the first time in more than 150 years that a vice president's family had a child while in office.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
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.
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.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Los Angeles County health officials on Saturday confirmed the fifth measles case of the year in an international traveler who arrived at Los Angeles International Airport earlier in the week.
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.
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.
Vaughn Grissom drove in the tying run with a one-out double in the ninth inning and Jo Adell was hit by a pitch with the bases loaded to give the Los Angeles Angels a 3-2 comeback win over the St. Louis Cardinals.
Trea Turner hit two homers, including the 200th of his career, and drove in five runs, Bryce Harper and Brandon Marsh also went deep and the Philadelphia Phillies beat the Los Angeles Dodgers 10-7.
A warmup jacket worn by Wilt Chamberlain during the 1972 NBA finals that was found in an Oregon thrift store could fetch more than $150,000 in an auction closing Monday.
Colorado general manager Josh Byrnes helped orchestrate a trade with his former team Monday as the Rockies sent right-hander Seth Halvorsen to the Los Angeles Dodgers for two minor league players.
Free agent forward Matisse Thybulle has signed a one-year deal with the Los Angeles Lakers, a person with knowledge of the agreement said Monday.
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
A warmup jacket worn by Wilt Chamberlain during the 1972 NBA finals that was found in an Oregon thrift store could fetch more than $150,000 in an auction closing Monday.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
Los Angeles County's chief medical examiner is emphasizing the need for greater transparency when it comes to autopsies following celebrity deaths.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
While faced with alopecia, Christie Val chose to embrace the beauty in female baldness and pay it forward to other young women and girls in the same shoes. She joined CBS LA to talk about "The Baldtourage" fashion show.
Azur in Beverly Hills brings the French Mediterranean dining experience to Los Angeles. Executive Chef Stanley Suchy joins CBS LA to walk through the menu.
Kelsey Hampton, PhD, Director, Mission Communications & Education at Susan G. Komen, discusses a new study that looked at breast cancer rates in Asian American women.
Realtor Monty Iceman discusses the latest real estate trends as home prices decline, but fewer homes are available.
Deborah Bujah, ACSW, Therapist, Executive Director, StopBettingSports, talks about the rise in gambling addictions, especially among youth.
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.
