Fannie, Freddie Downgrades Likely To Hurt SoCal Home, Car Sales
Another credit downgrade for two of the nation's biggest loan agencies could leave more Angelenos digging deeper into their pockets.
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Another credit downgrade for two of the nation's biggest loan agencies could leave more Angelenos digging deeper into their pockets.
A Southland war veterans group gave high praise to the Obama administration for its plan to put more American servicemen and women back to work.
City officials had announced earlier that the parade float would be scrapped this year due to a roughly $18 million budget deficit.
As the U.S. economic recovery begins to show signs of slowing, more Americans are facing mounting debt totals while their pocketbooks continue to shrink — and minorities may be the hardest hit.
A joint U.S.C./L.A. Times poll shows families are giving up on home improvement projects and dining out in order to bolster their finances.
A new economic survey predicts construction spending in California is on the rebound.
A outcry from local foodies was enough to convince city officials on Monday to allow gourmet food trucks to once again serve its loyal — and vocal — customers.
The price of pork is giving many consumers sticker shock at the supermarket, where bacon prices alone have jumped at least 30 percent in recent weeks.
Residents are bitterly divided over the city's plans to drill for oil on land that had initially been purchased as a nature preserve to drive away potential drillers.
99-Cents Only and other stores are seeing their sales decline after years of growth — and one analyst said on Monday it's another sign of even deeper downturn.
A private research group is reporting that consumers' confidence declined to a seven-month low as job worries increased.
When you factor in the entire supply chain across 44 states, the C-17 sustains more than 30,000 jobs — 3,000 in Long Beach alone.
The U.S. could soon be swimming in crude oil after a decision to release up t0 60 million barrels from the nation's Strategic Petroleum Reserve.
Southland employers need to do a better job preparing for the inevitable large-scale earthquake that will eventually hit the region, according to a U.S. Bureau of Labor Statistics study released Tuesday.
New data shows that sales of existing homes fell to 4.8 million in May — their lowest level of the year so far.
Even with soaring unemployment and a massive budget deficit, the state of California continues to have a thriving tourism industry.
California saw its jobless rate dip to 11.7 percent in May, but lost an estimated 29,000 jobs, another mixed indicator that reflects the lingering uncertainty over the economic recovery.
A new report suggests California's unemployment rate could spike another 1.7 percent over the remainder of the year.
For the second straight month, Americans are losing confidence in the U.S. economy, which could spell trouble for the sputtering recovery.
Owner Perkins & Marie Callender's Inc. cited tough competition, the weak economy and rising food costs for the primary reasons behind the filing.
Traditionally, home equity rises as a mortgage is paid off, but home values continue to plunge since the bubble burst in 2006.
At Bob Hope Airport in Burbank, the number of passengers arriving and departing dropped by just over 5 percent in April compared to the same period last year.
Employers were advertising fewer jobs in April compared to the previous month, which could signal even bleaker hopes that the U.S. job market is in recovery.
The weakened job market saw employers in May adding the fewest jobs in eight months, while the official unemployment rate inched up to 9.1 percent.
During a one-on-one interview with CBS LA, Riverside County Sheriff Chad Bianco said that he was "shocked" and "embarrassed" by a video that showed one of his department's SWAT deputies scrolling on a dating app in the midst of a standoff with an armed suspect.
The Redlands Unified School District voted on Tuesday to keep the King James Version of the Bible in high school libraries during a school board meeting after it was challenged under a new district policy that allows the removal of books deemed inappropriate for students.
The Hollywood Chamber of Commerce hopes to boost LA's film industry after an uptick in moviegoers returning to theaters.
Police say that the victim was found in the front yard of his home suffering from multiple stab wounds and lacerations.
Jake DeBrusk scored his second goal of the game 2:58 into overtime and the Vancouver Canucks beat the Los Angeles Kings 4-3.
During a one-on-one interview with CBS LA, Riverside County Sheriff Chad Bianco said that he was "shocked" and "embarrassed" by a video that showed one of his department's SWAT deputies scrolling on a dating app in the midst of a standoff with an armed suspect.
The Redlands Unified School District voted on Tuesday to keep the King James Version of the Bible in high school libraries during a school board meeting after it was challenged under a new district policy that allows the removal of books deemed inappropriate for students.
The Hollywood Chamber of Commerce hopes to boost LA's film industry after an uptick in moviegoers returning to theaters.
Police say that the victim was found in the front yard of his home suffering from multiple stab wounds and lacerations.
Nearly two dozen apartment units were torched when a complex caught fire in Murrieta on Monday afternoon, according to firefighters.
The Hollywood Chamber of Commerce hopes to boost LA's film industry after an uptick in moviegoers returning to theaters.
The Los Angeles County Sheriff's Department said Eric Swalwell is accused of sexually assaulting a woman in July 2018.
Police said that the suspect is possibly armed and dangerous.
A pedestrian was struck and killed by a pickup truck in Simi Valley on Tuesday afternoon, according to the Ventura County Fire Department.
At least two people were injured when a Porsche drove off the side of a road in the Santa Monica Mountains on Tuesday afternoon.
A former Costa Mesa police officer pleaded guilty to using law enforcement cameras and databases to track his wife and mistress.
The car, which the Vietnam War veteran purchased the day he returned to the U.S. in 1969, was recovered 17 years after it was stolen from an Orange County body shop.
Mission Viejo Animal Services investigators are asking for the public's help to find the man who drove up in a red four-door vehicle and left the four-pound pup alone, outside at the center around 4:30 a.m. last Friday.
Two waves of rainstorms are predicted to hit Southern California over the weekend, bringing a drop in temperatures across the region.
The homicide investigation led Orange County deputies to an illegal gambling house in Stanton, where nearly 50 people were detained over the weekend.
During a one-on-one interview with CBS LA, Riverside County Sheriff Chad Bianco said that he was "shocked" and "embarrassed" by a video that showed one of his department's SWAT deputies scrolling on a dating app in the midst of a standoff with an armed suspect.
The Redlands Unified School District voted on Tuesday to keep the King James Version of the Bible in high school libraries during a school board meeting after it was challenged under a new district policy that allows the removal of books deemed inappropriate for students.
Police say that the victim was found in the front yard of his home suffering from multiple stab wounds and lacerations.
Nearly two dozen apartment units were torched when a complex caught fire in Murrieta on Monday afternoon, according to firefighters.
Nearly 100 people were arrested during the first weekend of the 2026 Coachella Music and Arts Festival, according to the Indio Police Department.
A Los Angeles Unified School District strike has been avoided and schools are open Tuesday after the district and the Service Employees International Union reached an agreement.
Annika Albrecht, Ally Sammarco and influencer Cheyenne Hunt, who helped get their stories out, spoke with CBS News about the unraveling of the Democratic congressman's political career.
Bahamian police say the search for Lynette Hooker has turned into a search and recovery operation. Her husband has been released after days in custody.
"I plan to resign my seat in Congress," Democratic Rep. Eric Swalwell said Monday as he faces an expulsion vote.
The bipartisan House Ethics Committee announced Monday it is investigating Democratic Rep. Eric Swalwell of California.
The California Hispanic Chamber of Commerce hosted the first gubernatorial candidate forum since the fallout from the Eric Swalwell scandal, bringing six candidates together in a packed Sacramento ballroom.
California Gov. Gavin Newsom on Tuesday set the date for a special election to fill Eric Swalwell's congressional seat after his resignation following multiple sexual assault allegations.
Lonna Drewes came forward Tuesday with the allegations after the California Democrat announced he would resign from Congress.
Annika Albrecht, Ally Sammarco and influencer Cheyenne Hunt, who helped get their stories out, spoke with CBS News about the unraveling of the Democratic congressman's political career.
"I plan to resign my seat in Congress," Democratic Rep. Eric Swalwell said Monday as he faces an expulsion vote.
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.
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.
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.
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.
A nonprofit that booked a Social Agent said it's a lot cheaper than hiring someone to do their social media full-time. A typical job runs about $200, with same-day delivery, and if clients already have footage, they can upload it and get a finished piece.
A California judge has tentatively stopped the state from canceling commercial licenses for more than 20,000 immigrant truck drivers.
Jake DeBrusk scored his second goal of the game 2:58 into overtime and the Vancouver Canucks beat the Los Angeles Kings 4-3.
Dennis Bouanga has converted a late penalty kick to help LAFC draw 1-1 with defending champion Cruz Azul and advance to the CONCACAF Champions Cup semifinals.
World Series MVP Yoshinobu Yamamoto and rookie Nolan McLean dueled through seven innings before the Los Angeles Dodgers edged the New York Mets 2-1.
Hunter Haight got his first career goal and rookie Jesper Wallstedt auditioned for action in the playoffs with 35 saves as the Minnesota Wild finished their regular season by beating the Anaheim Ducks 3-2.
The Los Angeles Angels beat the New York Yankees 7-1 on Tuesday night.
The Hollywood Chamber of Commerce hopes to boost LA's film industry after an uptick in moviegoers returning to theaters.
Nearly 100 people were arrested during the first weekend of the 2026 Coachella Music and Arts Festival, according to the Indio Police Department.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
The Pitt star Noah Wyle is the newest name on the Hollywood Walk of Fame, and the Pittsburgh-based show is a big reason why.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
The Redlands Unified School District voted on Tuesday to keep the King James Version of the Bible in school libraries during a school board meeting. Lesley Marin reports.
The Hollywood Chamber of Commerce hopes to boost LA's film industry after an uptick in moviegoers returning to theaters. Hunter Sowards reports.
A former Costa Mesa police officer pleaded guilty to using law enforcement tools, including FLOCK license plate readers, to track his wife, mistress and romantic rivals.
Nicole Comstock reports from West Hollywood, where some residents are voicing their concerns after a pair of apparently random shootings that have happened over the last week, with no arrests made in either incident.
Tommy Hawkins was an LA sports institution that amassed a large collection of sports film. Now his widow Layla is looking to restore the films & preserve history.
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.
