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.
Marco Reus had a goal and an assists, João Klauss and Pablo Ruiz also scored a goal, and the LA Galaxy beat Minnesota United 3-2.
Denis Bouanga scored his franchise-record 79th career regular-season goal for Los Angeles FC in a 2-2 tie with the San Jose Earthquakes.
Police said that the suspect allegedly started a brush fire in the parkland area near the 1700 block of Paseo La Cresta on Thursday morning.
Jayden Maiava threw for 277 yards and two touchdowns and King Miller ran for 102 yards and a TD to help No. 12 Southern California beat Rutgers 42-35 on Saturday in the Big Ten opener for both teams.
The crash happened at around 3:40 p.m. near the intersection of W. Exposition Boulevard and Western Avenue, LAPD officials told CBS LA.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Police said that the suspect allegedly started a brush fire in the parkland area near the 1700 block of Paseo La Cresta on Thursday morning.
Thousands of runners, walkers and community members gathered in downtown Los Angeles Saturday for Homeboy Industries' 17th annual 5K, an event raising funds to support rehabilitation, reentry and second chances.
The crash happened at around 3:40 p.m. near the intersection of W. Exposition Boulevard and Western Avenue, LAPD officials told CBS LA.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
Police said that the suspect allegedly started a brush fire in the parkland area near the 1700 block of Paseo La Cresta on Thursday morning.
The crash happened at around 3:40 p.m. near the intersection of W. Exposition Boulevard and Western Avenue, LAPD officials told CBS LA.
Thousands of volunteers are expected to roll up their sleeves Saturday for Heal the Bay's 37th annual Coastal Cleanup Day, with cleanup efforts taking place at more than 60 sites across Los Angeles County.
Thousands of runners, walkers and community members gathered in downtown Los Angeles Saturday for Homeboy Industries' 17th annual 5K, an event raising funds to support rehabilitation, reentry and second chances.
A 34-year-old man was arrested after he allegedly pepper-sprayed a moviegoer for using a cellphone in a Burbank theater.
Newport Beach's eroding shoreline is getting some help as city and county authorities approved the expedited transfer of sand from the Santa Ana River outlet in West Newport.
Uber was ordered to pay $40 million to the family of a woman killed on an Orange County freeway after a rideshare driver left her on the side of the road.
Orange County declared a state of emergency after powerful waves pummeled its beaches, causing severe coastal erosion and damage to its seaside communities.
Orange County vector control officials are sounding the alarm on what they say is an unprecedented mosquito season.
Police say that the 18-year-old student was taken to the hospital after attending a fraternity function on Saturday.
An Etiwanda family said their 12-year-old daughter was beaten and choked while another student hurled antisemitic slurs, according to their complaint to the Department of Education.
A train car was burglarized and set on fire in Riverside during the latest in a string of heists in the Inland Empire.
Five people were hospitalized and three dogs died after a fire in a Riverside apartment building.
Melody Valdez, 21 of Temecula, was arrested on suspicion of homicide, among other charges.
The crash happened just before 7 a.m. on Sunday near the intersection of Whitewood Road and Meadowlark Lane, Murrieta police said.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
CBS News observed two MS NOW employees being turned away from the White House on Saturday morning.
Mike Trout hit a tying RBI single in the 10th inning, and Wade Meckler followed with a winning RBI single to give the Los Angeles Angels a 5-4 victory over the Minnesota Twins on Thursday night.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
CBS News observed two MS NOW employees being turned away from the White House on Saturday morning.
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 CDPH said an unvaccinated passenger who later was hospitalized with measles traveled around the country by train and bus, eventually moving through at least six California counties before heading to Denver, Colorado.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
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.
About 43,000 people are expected to attend the annual AI and enterprise tech conference hosted by Salesforce which comes amid calls for a slowdown in AI developments.
Pest control company Terminix has agreed to pay $3.15 million to settle a lawsuit brought by 29 California counties alleging the company unlawfully disposed of pesticides and violated customer privacy laws.
As Californians prepare to celebrate Labor Day and the contributions of American workers, labor unions are raising alarms about what they see as a growing threat to the future of human work.
California regulators approved Waymo to expand its services in Los Angeles and the Bay Area, and to offer its autonomous ride-hailing service in Sacramento and San Diego in the future, the company said Friday.
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.
Marco Reus had a goal and an assists, João Klauss and Pablo Ruiz also scored a goal, and the LA Galaxy beat Minnesota United 3-2.
Denis Bouanga scored his franchise-record 79th career regular-season goal for Los Angeles FC in a 2-2 tie with the San Jose Earthquakes.
Jayden Maiava threw for 277 yards and two touchdowns and King Miller ran for 102 yards and a TD to help No. 12 Southern California beat Rutgers 42-35 on Saturday in the Big Ten opener for both teams.
Los Angeles Rams wide receiver Puka Nacua is questionable to play Monday night against the New York Giants because of a groin injury.
Connor Prielipp allowed two hits in a season-high seven innings and fellow rookie Walker Jenkins homered to lead the Minnesota Twins to a 3-0 victory over the Los Angeles Angels.
Duncan Sheik died on Thursday night, his family said.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
Thousands of volunteers rolled up their sleeves Saturday for Heal the Bay's 37th annual Coastal Cleanup Day, with cleanup efforts taking place at more than 60 sites across Los Angeles County. Luzdelia Caballero reports.
Zach Boetto reports from Cal State San Bernardino, where thousands of people were expected to gather over the weekend to celebrate Native American culture at the 30th annual San Manuel Pow Wow.
For the first time since the January 2025 Palisades Fire, the beloved Palisades General Store reopened to the public.
Two people were hospitalized after a crash involving a Los Angeles Police Department patrol car in the Exposition Park area on Saturday afternoon.
Derrik Lang, a Westways Senior Features Editor, appeared on CBS News Los Angeles on Saturday to showcase the best of Santa Clara. Rachel Kim 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.
