Economist: Lowest Home Equity In Over Half-Century Could Kill Retirement Plans
Traditionally, home equity rises as a mortgage is paid off, but home values continue to plunge since the bubble burst in 2006.
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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.
Fewer people applied for unemployment benefits last week, but applications remain stuck at high levels that signal weak job growth.
Retailers reported muted May revenue growth on Thursday as bad weather and worry over the rising cost of living held back shoppers' demand for spring and summer merchandise.
Skid Row resident Dadisi Komolafe points indignantly to the sign reading "Union Rescue Mission," and grumbles that the name no longer fits since the shelter started charging for a nightly stay.
Wall Street may be giving up on its hope for a robust economic recovery in the U.S. — with one trader warning of even rockier times ahead.
A record number of foreclosures are forcing prices down, and they are expected to keep falling through this year.
Stocks are mostly lower and bond yields are at a new low for the year after two reports dimmed hopes for the job market and the U.S. economy.
The recent pain at the pump is altering spending habits and forcing families to delay or cancel big-ticket purchases like vacations and household appliances.
Are you sick of emptying your wallet while filling up the tank? A new bipartisan study says you should blame the greenback.
An upbeat outlook for Southland businesses and international trade may mean a surge in hiring in the months ahead, according to one economist.
Over 200 municipal employees in the Orange County city could get pink slips in the next six months due to outsourcing.
The government said Friday that a bad economy has shortened the life of the trust funds that support Social Security and Medicare, the nation's two biggest benefit programs.
One official said the economy is making the spread of the disease worse due to an abundance of dirty swimming pools in abandoned homes.
While April saw the biggest hiring spree in five years, the unemployment rate ticked up to 9 percent.
An unexpected windfall in tax revenues likely won't be enough to sway Governor Jerry Brown to abandon his plan for tax increases
If you're want to know why the economy seems to be stuck in neutral, a new study says look no further than your local gas station.
The main reason: shoppers fear the high price tag for most hybrid and electric vehicles may be too high to offset the savings they can expect at the pump.
A monthly survey says concerns about jobs and inflation eased in April, pushing the Consumer Confidence Index above expectations.
A Republican-led group of California lawmakers and Lt. Gov. Gavin Newsom will head to Texas next week to hear from businesses that left the state.
a new study shows over three-fourths of the U.S. workforce is stressed out by at least one thing at their job, with anxiety even reaching the youngest working Americans.
Officials with the Los Angeles Economic Development Corporation say local airports and trade centers will begin feeling the fallout from last month's devastating quake in coming weeks.
A man was killed early Wednesday morning when a pickup truck crashed off a Long Beach bridge and into the water below in the Cerritos Channel, according to police.
A 23-year-old man was arrested early Wednesday after he allegedly assaulted a bus driver in Chino in what police called an unprovoked attack.
The joint venture KPC Group and Lendlease will complete the Oceanwide Plaza project as it was originally designed with large residential units and retail space, as permits are already in place.
The TikTok trend involves teens recording themselves kicking front doors and running away.
Two Mexican Mafia members face life in federal prison after a jury found them guilty of killing a man outside of his Orange County home.
A man was killed early Wednesday morning when a pickup truck crashed off a Long Beach bridge and into the water below in the Cerritos Channel, according to police.
A 23-year-old man was arrested early Wednesday after he allegedly assaulted a bus driver in Chino in what police called an unprovoked attack.
The joint venture KPC Group and Lendlease will complete the Oceanwide Plaza project as it was originally designed with large residential units and retail space, as permits are already in place.
The TikTok trend involves teens recording themselves kicking front doors and running away.
Two Mexican Mafia members face life in federal prison after a jury found them guilty of killing a man outside of his Orange County home.
A man was killed early Wednesday morning when a pickup truck crashed off a Long Beach bridge and into the water below in the Cerritos Channel, according to police.
The joint venture KPC Group and Lendlease will complete the Oceanwide Plaza project as it was originally designed with large residential units and retail space, as permits are already in place.
The TikTok trend involves teens recording themselves kicking front doors and running away.
Deputies say that the suspect assaulted a 16-year-old girl inside the men's restroom near the Lynwood Park baseball fields on May 10.
An 18-year-old South El Monte man was arrested for a stabbing that left 15-year-old Rosemead High School football star Aziel Zacapala dead and two others wounded on July 10.
Two Mexican Mafia members face life in federal prison after a jury found them guilty of killing a man outside of his Orange County home.
Video posted to The Citizen App showed the man being shot at with less-than-lethal munitions before running out of view.
Ladera Ranch residents believe there's a high concentration of Ewing sarcoma cases in their neighborhood, with as many as six children diagnosed with the extremely rare cancer in recent years.
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 23-year-old man was arrested early Wednesday after he allegedly assaulted a bus driver in Chino in what police called an unprovoked attack.
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.
Nolan Wells, 18, was found dead just off Horn Island in Mississippi after enjoying a day out with friends on July 4.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
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 told lawmakers the Iran war has cost $37.5 billion. Sources told CBS News the total cost could be far higher, in part due to military construction for damaged U.S. bases.
The recall affects certain 2020-2027 Aviator and 2020-2026 Explorer vehicles.
More than 43,000 immigrants were arrested last month as DHS continues to detain people in less-publicized enforcement surges.
Defense Secretary Pete Hegseth told lawmakers the Iran war has cost $37.5 billion. Sources told CBS News the total cost could be far higher, in part due to military construction for damaged U.S. bases.
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.
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.
Hunter Dobbins scattered six hits over six innings, JJ Wetherholt hit a home run in the sixth and the St. Louis Cardinals held on for a 1-0 victory over the Los Angeles Angels on Wednesday.
Walbert Ureña pitched six innings of one-run ball, Jorge Soler and Jo Adell each drove in two runs in a five-run first inning and the Los Angeles Angels extended their winning streak to three games with a 5-1 victory over the St. Louis Cardinals on Tuesday night.
Max Muncy hit a two-run homer, Justin Wrobleski pitched into the seventh inning and the Los Angeles Dodgers beat Zack Wheeler and the Philadelphia Phillies 2-1 on Tuesday night.
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.
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."
A man was killed early Wednesday morning when a pickup truck crashed off a Long Beach bridge and into the water below in the Cerritos Channel, according to police. Mark Liu reports.
Officers shot a man allegedly armed with a machete during an incident involving two police agencies outside UCI Health in Los Alamitos on Wednesday, authorities said. Michele Gile reports.
The downtown Los Angeles Oceanwide Plaza complex has new owners, who promise the removal of graffiti from the towers as they resume construction of the long-vacant site.
Master beekeeper, Nicole Palladino, heads to Castaic to rescue bees from a hive hidden in a restroom wall at Lake Castaic.
During the second day of the preliminary hearing in the murder case against D4vd, prosecutors called several witnesses to the stand. Joy Benedict 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.
