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.
A handful of teenage e-bike riders are accused of attacking a Huntington Beach man while he was walking along the city's boardwalk with his wife.
Cell phone video captured a fight between two women outside a pair of hot dog vendor carts in West Hollywood over the weekend, which local business owners say is just the latest in a troubling trend in the area.
A La Cañada homeowner said a group of burglars used bear spray on her dog, stole her jewelry and family heirlooms during a break-in last week.
In her plea agreement, Arcadia Mayor Eileen Wang admitted to working with her former fiancé and campaign staffer to push pro-Chinese propaganda.
Authorities are investigating a 50-year-old Orange County man's death while he was wakeboarding on the Parker Strip of the Colorado River over the weekend.
A handful of teenage e-bike riders are accused of attacking a Huntington Beach man while he was walking along the city's boardwalk with his wife.
A pedestrian was hit by a Frontier airplane departing Denver for LA late Friday night, the airport and airline confirmed.
Cell phone video captured a fight between two women outside a pair of hot dog vendor carts in West Hollywood over the weekend, which local business owners say is just the latest in a troubling trend in the area.
A La Cañada homeowner said a group of burglars used bear spray on her dog, stole her jewelry and family heirlooms during a break-in last week.
In her plea agreement, Arcadia Mayor Eileen Wang admitted to working with her former fiancé and campaign staffer to push pro-Chinese propaganda.
Cell phone video captured a fight between two women outside a pair of hot dog vendor carts in West Hollywood over the weekend, which local business owners say is just the latest in a troubling trend in the area.
A La Cañada homeowner said a group of burglars used bear spray on her dog, stole her jewelry and family heirlooms during a break-in last week.
In her plea agreement, Arcadia Mayor Eileen Wang admitted to working with her former fiancé and campaign staffer to push pro-Chinese propaganda.
Around 8:15 p.m., the bear finally climbed down one tree before running through the neighborhood, and by 9:20 p.m., it had made its way up another tree.
Aerial footage of the building showed piles of paper products and other debris burned.
A handful of teenage e-bike riders are accused of attacking a Huntington Beach man while he was walking along the city's boardwalk with his wife.
Authorities are investigating a 50-year-old Orange County man's death while he was wakeboarding on the Parker Strip of the Colorado River over the weekend.
A preliminary 3.4-magnitude earthquake struck near Redlands and shook all across Southern California's Inland Empire.
CBS Los Angeles profiled Manny's big brother a few years ago. He was the first in his family to go to college after a successful academic career at Middle College High School in Santa Ana. Now, it's his little brother's turn to shine.
Some light showers could pass through Southern California overnight on Monday and Tuesday.
Authorities are investigating a 50-year-old Orange County man's death while he was wakeboarding on the Parker Strip of the Colorado River over the weekend.
A swarm of more than one hundred earthquakes rattled Southern California's Imperial County on Saturday, with the largest reported temblor registering at a magnitude of 4.5, according to the United States Geological Survey.
Police said that surveillance camera footage showed an unidentified man assaulting a juvenile girl in downtown Riverside near the Mission Inn.
A pedestrian was hospitalized after he was struck by a vehicle being driven by an alleged DUI suspect while crossing the road in Menifee early Saturday morning, according to police.
A woman was struck by gunfire during a car-to-car shooting on the 10 Freeway in Riverside County on Saturday morning, according to the California Highway Patrol.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
The Senate is returning to Washington to resume work on funding immigration agencies with a package that includes $1 billion for the renovation of the White House East Wing.
Allen is charged with attempting to assassinate President Trump, assaulting a federal officer with a deadly weapon and two gun counts.
Sean Gardner, a gymnastics coach who trained elite young girls, will be in federal court in Mississippi on Monday facing 12 felony counts of sexual exploitation of children.
Police confirmed that there were six people dead, five men and one woman.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
The Senate is returning to Washington to resume work on funding immigration agencies with a package that includes $1 billion for the renovation of the White House East Wing.
Allen is charged with attempting to assassinate President Trump, assaulting a federal officer with a deadly weapon and two gun counts.
Former reality TV star Spencer Pratt opened up about his run for mayor of Los Angeles in an exclusive interview with CBS News.
The Trump administration announced a major expansion of its denaturalization campaign targeting foreign-born American citizens accused of fraudulently obtaining U.S. citizenship.
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 American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
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.
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.
René Cárdenas, the first Spanish-language broadcaster for the Los Angeles Dodgers, Houston Astros and Texas Rangers during a 60-year career, has died.
Veteran tight end David Njoku has agreed to a one-year deal with the Los Angeles Chargers.
Alex Killorn and rookie Beckett Sennecke had a goal and as assist apiece, and the Anaheim Ducks beat the Vegas Golden Knights 4-3 in Game 4 to even their second-round series at two games apiece.
Jack McGlynn scored a goal in each half and the Houston Dynamo thumped Los Angeles FC 4-1.
Bryce Elder allowed one hit in 5 2/3 scoreless innings, Mauricio Dubón had a three-run double and the Atlanta Braves defeated the Los Angeles Dodgers 7-2.
René Cárdenas, the first Spanish-language broadcaster for the Los Angeles Dodgers, Houston Astros and Texas Rangers during a 60-year career, has died.
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Cell phone video captured a fight between two women outside a pair of hot dog vendor carts in West Hollywood over the weekend, which local business owners say is just the latest in a troubling trend in the area. Jeff Nguyen reports.
A group of teens on e-bikes are accused of attacking a man in Huntington Beach. Rina Nakano reports.
Security cameras showed the moment three masked suspects crept through the backyard of a La Cañada home before forcing their way inside. Jasmine Viel reports.
In her plea agreement, Arcadia Mayor Eileen Wang admitted to working with her former fiancé and campaign staffer to push pro-Chinese propaganda.
It's Mental Health Awareness Month, and all week, CBS LA is focused on providing viewers with the resources they need. CBS LA's Rina Nakano shows us how SoFi Stadium is making major events more inclusive with its sensory spaces.
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.
