Deposits at Silicon Valley Bank to be fully guaranteed, U.S. government says
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
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All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
The collapse of Silicon Valley Bank is the largest of a financial institution since the failure of Washington Mutual in 2008.
A restaurant waiter at an Omaha restaurant made a TikTok thanking Jason Derulo for giving him a $5,000 tip.
Pat McCormick, the first diver to sweep the 3-meter and 10-meter events at consecutive Olympics, has died at 92. She died Tuesday of natural causes at an assisted living facility in the Orange County city of Santa Ana, her son, Tim, said Friday.
The Academy Awards will be presented this Sunday, March 12, in Los Angeles.
Smart's remains have never been found, but she was declared legally dead in 2002.
"Operation Hay Drop" is a mission to save starving and stranded cows – many of which are pregnant – from dying amid back-to-back winter storms.
Gov. Gavin Newsom declared a state of emergency earlier this month for 13 of 58 of the state's counties affected by the massive amounts of snowfall from the severe storm in California in February. Friday, The White House announced President Joe Biden approved the emergency declaration.
The 40-year-old financial institution, which caters to tech firms, was abruptly shuttered after fears of a bank run.
The bill requires the declassification of information about possible links between the origins of the COVID-19 pandemic and the Wuhan Institute of Virology.
Drugmaker plans to roll out the drug, which it says can relieve migraine symptoms in 30 minutes, to pharmacies in July.
The U.S. job market has remained robust despite the Federal Reserve's concerted push to slow economic growth.
The investigation is focused on an alleged "hush money" payment made to adult film star Stormy Daniels.
An Emmy-winning actor whose career triumphs were later overshadowed by a trial in which he was acquitted of murdering his wife, Robert Blake has died at age 89.
"We as a society have gotten more used to using credit for everything," a certified financial planner said.
CBS News projects that Democratic former U.S. Health and Human Services Secretary Xavier Becerra has advanced in the primary for the 2026 California governor's race. A second candidate in the race has not yet been projected to advance.
CBS News projects that incumbent Mayor Karen Bass will advance to the November election, while her opponents, Councilmember Nithya Raman and political newcomer Spencer Pratt, compete for the final spot.
The Los Angeles mayoral and California gubernatorial races remain undecided as new ballot totals show the gaps between candidates closing.
Mail-in ballots and security measures contribute to counting delays in California's close contests, an election expert says, and last-minute voters in the governor's race may slow things down further.
West Hollywood is in full celebration mode as Pride weekend kicks off with the Outloud Music Festival on Friday.
West Hollywood is in full celebration mode as Pride weekend kicks off with the Outloud Music Festival on Friday.
Roughly 2,000 SoFi Stadium workers overwhelmingly authorized a strike a week before the 2026 FIFA World Cup kicks off in Los Angeles.
Deshawn Sirajan Muneer-Hunter's new path takes him to grad school at Columbia University, with hopes to one day start his own non-profit, Camp Reese, a bootcamp-style alternative to juvenile incarceration.
The U.S. military conducted another training operation in Los Angeles County, with troops carrying out another exercise at the Puente Hills Mall in the city of Industry.
The mountain lion was spotted at Del Mar Boulevard and Euclid Avenue, resting in the shade next to an apartment building.
Garden Grove residents urged their city council to close the GKN Aerospace facility at the center of a chemical leak in late May.
GKN Aerospace officials have announced a series of community support initiatives intended to help the thousands of Orange County residents who were forced to evacuate their homes when the Garden Grove-based facility became the center of a chemical crisis in late May.
Under the oversight of the OC Health Care Agency, South Coast AQMD, and GKN Aerospace, MMA from the tank is scheduled to be pumped out and removed between Thursday and Friday.
The women, aged 61 and 34, were struck by a car while crossing a street in Stanton, deputies said.
A 22-year-old Huntington Beach man was arrested for attempted murder after he allegedly shot two people.
Loma Linda University Health officials agreed to pay a $8 million settlement over a lawsuit that was filed after a multi-year investigation by Riverside County and San Bernardino County officials found that medical records and hazardous medical waste were improperly disposed of.
BNSF officials said that the rail car, which was running on a main line that operates from Chicago to the ports of Los Angeles, was in the act of being burglarized when the lithium batteries caught fire early Wednesday morning.
A 57-year-old Tahitian man has been identified as the victim of a deadly mid-air skydiving collision in Riverside County last week.
The El Dorado Fire, which burned more than 22,700 acres in San Bernardino and Riverside counties and killed one firefighter, was sparked by a pyrotechnic device at a Yucaipa couple's gender reveal.
Demolition work has finally started on the Kimberly-Clark paper goods warehouse in Ontario, months after it was destroyed in a massive fire that was allegedly started by an arson suspect in April.
American Airlines said it is temporarily cutting six routes amid rising jet fuel costs, including several flights to Los Angeles.
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
CBS News has fired longtime 60 Minutes correspondent and former "CBS Evening News" anchor Scott Pelley one day after he had a tense and confrontational exchange with new 60 Minutes executive producer Nick Bilton.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
According to an official familiar with the investigation, new digital forensic evidence appears to undercut Brian Hooker's account of his wife's disappearance, although they did not specify how.
Former U.S. Health and Human Services Secretary Xavier Becerra, a Democrat, will advance to the November election in the California governor's race, CBS News projects. A second candidate in the race has not yet been projected to advance.
California political data expert Paul Mitchell breaks down the latest results in top races for governor and LA mayor.
Mail-in ballots and security measures contribute to counting delays in California's close contests, an election expert says, and last-minute voters in the governor's race may slow things down further.
California voters in the Los Angeles area are deciding on a host of key contests in the June 2 primary election, including races for governor, LA mayor and more.
The races for governor and Los Angeles mayor are among the most closely watched contests yet to be decided in California's primary elections.
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.
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.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
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 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.
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.
Shohei Ohtani dominated in six scoreless innings, Kyle Tucker hit a two-run homer into the Chase Field pool and the Los Angeles Dodgers routed the Arizona Diamondbacks 7-0.
Wade Meckler and Nick Madrigal each had four of Los Angeles' 16 hits, Walbert Ureña pitched six solid innings and the Angels beat the Colorado Rockies 11-4 on Wednesday night.
TJ Rumfield got a gift when his long flyball bounced off Jo Adell's head for a most unusual home run, and the Colorado Rockies defeated the Los Angeles Angels 8-2.
Shohei Ohtani had a double, triple and two RBIs to stay hot at the plate, Freddie Freeman smacked a two-run homer and the Los Angeles Dodgers held on to beat the Arizona Diamondbacks 6-5 on Tuesday night.
While the Los Angeles Rams would never close the door on Aaron Donald's possible return to the NFL, coach Sean McVay confirms it's entirely up to the superstar defensive tackle to open that door if he wants to play alongside Myles Garrett.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
The CBS LA American Music Awards Red Carpet Special will capture the moments as the stars arrive at the MGM Grand Garden Arena in Las Vegas and airs from 4 p.m. to 5 p.m. PDT on CBS LA and streaming online on CBS News Los Angeles.
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.
Key primary elections across California remained in the spotlight Friday evening, including the Los Angeles mayoral contest and the race to replace termed-out Gov. Gavin Newsom. Brittney Ermon reports.
CBS LA's Laurie Perez spoke with East LA community leaders about the continuing impact of the Trump administration's immigration enforcement agenda.
Desmond Shaw flies to the Commerce train yards for this episode of Look At This!
A mountain lion sighting rattled the Old Town Pasadena community Friday afternoon, prompting a shelter-in-place advisory before wildlife officials tranquilized and transported the animal. Nicole Comstock reports.
West Hollywood is in full celebration mode as Pride weekend kicks off with the Outloud Music Festival on Friday. Lauren Pozen reports.
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.
