Twitter stock plunges on prospect of legal battle with Elon Musk
After billionaire Elon Musk said that he was abandoning his $44 billion buyout, Twitter vowed to pursue him in court.
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After billionaire Elon Musk said that he was abandoning his $44 billion buyout, Twitter vowed to pursue him in court.
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Manufacturers are again downsizing packaging in an effort to ease the hit from inflation. Are they going too far?
News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
As prices continue to rise in the midst of one of the largest periods of inflation America has ever seen, Dr. Christopher Thornburg, an economist and cofounder of Beacon Economics, joined the studio to offer advice on how people can prepare for "recession shock."
A warning from Bank of America has brought more questions than answers as experts warn of an oncoming recession. Dr. Richard Thornburg, an economist and founding partner of Beacon Economics, joined the studio to discuss the potential "recession shock" and what it means.
President Biden on Thursday announced the release of 180 million additional barrels of oil over the next six months to combat gas prices, as well as urged Congress to impose fees on companies that he accuses of "hoarding without producing" and discussed his plans to boost the domestic production of critical minerals. CBS News' Tanya Rivero and Meg Oliver sit down with Tamar Essner, a principal at Vectis Energy Partners, to discuss.
After backing out of a high-profile trip to the World Climate Conference, rumors and conspiracy theories began to emerge online about the Governor's handling of the job.
The consumer price index rose four tenths of a percent in September, 5.4 percent higher than what it was last year according to the U.S. Labor Department.
While many people worry about the long term economic effects of the coronavirus pandemic, some economists said the bounce back may be quicker than expected.
Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.
President Trump on Tuesday said he wants the U.S. "opened up" by Easter Sunday, which falls on April 12, despite an acceleration of coronavirus cases across the country.
Nearly 1 in 5 Americans say they have been laid off or have had their work hours cut over the coronavirus pandemic.
The revision is the first in the forecast's 68-year history where an update was published between its scheduled quarterly releases.
Southern Californians should expect to see a dip in the economy due to the growing precautions put in place to mitigate the spread of coronavirus in the U.S.
Looks like more people are finding work. The latest US jobs report shows hiring jumped in April -- employers added 263,000 jobs.
Stocks plunged Tuesday ahead of a day of mourning honoring the late President George H.W. Bush.
The economy is just as strong today as it was last week. Keep that in mind as you process the Dow's breathtaking 1,175-point plunge on Monday.
Is your small business protected from even the slightest of downturns? Use these solutions to provide stability to your cash flow.
Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. that will be partially financed by an upcoming windfall from the country's new tax law.
This stock market doesn't obey speed limits. It just blasted through another barrier: Dow 25,000, barely a month after it cracked 24,000 for the first time.
How do people feel about GOP tax bill? It depends on who you ask. Some business, advocacy and trade groups have major concerns with it. Others say the tax plan will boost the economy.
The U.S. economy rebounded from the hurricanes and added 261,000 jobs, the best performance of the Trump administration.
An overwhelming majority of Americans (89 percent) believe that investments in infrastructure will strengthen the U.S. economy, according to a new poll released Tuesday by the Association of Equipment Manufacturers.
Edwin Díaz has agreed to a $69 million, three-year contract with the World Series champion Dodgers, The Associated Press reported Tuesday.
The next drop-off event is scheduled for Wednesday at the Stater Bros. on Haven Avenue in Ontario.
Federal authorities allege Ryan Wedding is responsible for routinely shipping hundreds of kilograms of cocaine.
The 44-year-old Rivers, who played 16 years with the San Diego and Los Angeles Chargers, last played in 2020 with the Colts.
Now, state approval is needed before the Malibu Unified School District and the Santa Monica Unified School District become independent of each other.
The next drop-off event is scheduled for Wednesday at the Stater Bros. on Haven Avenue in Ontario.
Federal authorities allege Ryan Wedding is responsible for routinely shipping hundreds of kilograms of cocaine.
The 44-year-old Rivers, who played 16 years with the San Diego and Los Angeles Chargers, last played in 2020 with the Colts.
Now, state approval is needed before the Malibu Unified School District and the Santa Monica Unified School District become independent of each other.
The Los Angeles County Sheriff's Department reported that the boys were at-risk on Monday night.
Federal authorities allege Ryan Wedding is responsible for routinely shipping hundreds of kilograms of cocaine.
Now, state approval is needed before the Malibu Unified School District and the Santa Monica Unified School District become independent of each other.
Santa Monica police said they found 71-year-old Jubiliant Sykes with critical injuries and he was later pronounced dead at the scene.
After finding a box filled with vintage photos, Patty Scanlon knew she had to get the mementos back to former talk show host Ricki Lake.
A Los Angeles man who has gained popularity in recent months for his volunteer vigilantism by painting crosswalks at busy intersections across the city was arrested over the weekend for alleged vandalism.
Orange County residents packed into a Monday night meeting to learn more about the plan to reopen California's coast for new oil drilling.
Mark Ahrens and his son were singing Christmas carols when a speeding Tesla slammed into their minivan.
Officials said that the marine died from injuries sustained in a tactical vehicle mishap on Wednesday afternoon.
One person was declared dead at the scene of the crash, which happened just before 3 p.m. near Heil Avenue and Goldenwest Street, police said.
Marine veteran Tom Steen, who lost both legs to an illness, thanked his neighbors for helping his family get rid of the rats infesting his Irvine home.
Wild dashcam video footage shows the dramatic moments that a pickup truck launches off an overpass in Rialto before going airborne and crashing onto the 210 Freeway below on Friday night.
Authorities say that the 54-year-old man "heroically kept his son afloat" after their kayak capsized on Lake Perris on Saturday afternoon.
The crash happened at around 12:30 a.m. near Lindenberger Road and Scott Road, according to the Menifee Police Department. Officers arrived at the scene and found a Mercedes-Benz electric vehicle that was fully involved in flames.
The two-decade investigation began on March 21, 2004, when 18-year-old Hemet man Reynaldo Burts was found dead in the hills near Idyllwild.
Two Highland residents were arrested in connection with a homicide in Moreno Valley in early November, according to Riverside County deputies.
Royal Caribbean crew members "negligently" overserved 35-year-old Michael Virgil "in a matter of hours" while he exhibited obvious signs of intoxication, the lawsuit alleges.
President Trump said Georgia Republican Rep. Marjorie Taylor Greene is "not AMERICA FIRST or MAGA" and also attacked "60 Minutes" and Paramount in a social media post.
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The Supreme Court heard arguments over the president's authority to remove members of many independent agencies that Congress has sought to insulate from political pressure.
The Justice Department can release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidant of Jeffrey Epstein, a federal judge ruled.
President Trump said Georgia Republican Rep. Marjorie Taylor Greene is "not AMERICA FIRST or MAGA" and also attacked "60 Minutes" and Paramount in a social media post.
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
The Supreme Court heard arguments over the president's authority to remove members of many independent agencies that Congress has sought to insulate from political pressure.
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
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.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
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.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
Supervisors will vote on the ordinance again in two weeks, after a review period. If approved, it would bar the sale of kratom derivatives to people under 21 in Riverside County.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
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.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
A charity that accepted donations of vehicles that would pay for breast cancer screenings for low-income patients agreed Thursday to pay a $3.8 million fine and to restrictions on future fundraising activities in 19 U.S. states, including Colorado.
Edwin Díaz has agreed to a $69 million, three-year contract with the World Series champion Dodgers, The Associated Press reported Tuesday.
The 44-year-old Rivers, who played 16 years with the San Diego and Los Angeles Chargers, last played in 2020 with the Colts.
Cameron Dicker kicked five field goals and Tony Jefferson intercepted Jalen Hurts at the 1-yard line to lift the Chargers to a 22-19 overtime victory over the Philadelphia Eagles on Monday night.
Joel Armia scored twice, Adrian Kempe had a goal and assist, and the Los Angeles Kings beat the Utah Mammoth 4-2.
The fifth edition of the LA Bowl at SoFi Stadium will feature a showdown between the Boise State Broncos and the Washington Huskies on Saturday, Dec. 13.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes have been announced. Here are the nominees.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Select LA Board of Supervisors members propose to reinstate a suicide hotline service targeting LGBTQ+ youth.
Army and Navy meet on the football field, where service honor and tradition are also celebrated.
Jessica Naziri shares tech gifts for the holidays.
The FBI has released a newly obtained photo of former Canadian Olympian Ryan Wedding. Authorities accuse Wedding of running and operating a transnational drug trafficking business and ordering several murders.
One hundred years of friendship is celebrated at the Los Angeles Breakfast Club.
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.
