Federal Report: Home Flipping Drove Housing Bubble
The Federal Reserve Bank of New York says real estate investors drove the housing bubble that led to record foreclosures in Nevada, California, Arizona, Florida and other states.
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The Federal Reserve Bank of New York says real estate investors drove the housing bubble that led to record foreclosures in Nevada, California, Arizona, Florida and other states.
San Francisco will make history on Jan. 1 when it becomes the first city in the nation to top $10 for the minimum wage.
When his Jeep was stolen in the middle of the night, Ed Sullins thought it was gone forever. The police had no leads, he said.
The number of people affected by a breach of credit and debit card readers in self-checkout lines at a Northern California supermarket chain appears to have grown.
At least 80 employees and customers at more than two dozen Lucky Supermarkets' stores in the San Francisco Bay area have had their bank accounts compromised after thieves tampered with the credit and debit card readers in self-checkout lines.
Horses could soon be butchered in the U.S. for human consumption after Congress quietly lifted a ban on funding horse meat inspections.
For the 240,000 passengers who fly American Airlines each day, the airline's bankruptcy filing should have little noticeable impact.
Car dealerships are reporting that business has been booming in November, which is shaping up to be their best month of the year.
Hundreds of websites have been shut down on what is traditionally the biggest shopping day of the year for online retailers.
All aboard and log on! Amtrak is now offering free Wi-Fi on three Northern California routes.
Layaway started creeping back in stores about three years ago, and now it's back in full force. But is it the right way to pay for your holiday gifts?
It's become a holiday tradition for some stalwart shoppers, camping outside stores to be first in line for Black Friday sales.
Before you do your holiday toy shopping this year, you may want to check your list twice to make sure the toys you are buying are safe.
So it's almost here, Black Friday, the day some crazy shoppers will be doing some serious bargain hunting. But Target warns it will be watching shoppers closer this year for unruly behavior.
Bagged romaine lettuce is being recalled over E Coli fears.
Safety changes are coming to Old Sacramento after five men were stabbed during a violent fight early Saturday morning.
California's minimum wage is set to increase again in 2027 as part of the state's annual inflation adjustment.
Sacramento State is planning its biggest homecoming celebration yet as the university begins its first football season in the Mid-American Conference.
Three people were killed in a crash that has Highway 113 closed in both directions in rural Solano County on Friday morning.
Iran says it targeted U.S. facilities in Kuwait and struck two tankers in the Strait of Hormuz that were under "aerial escort" from the U.S.
Safety changes are coming to Old Sacramento after five men were stabbed during a violent fight early Saturday morning.
An 18-year-old Sacramento resident has been arrested after five men were stabbed early Saturday morning in Old Sacramento, police said.
Sacramento is putting on an urban biking and scooting workshop in the Valley Hi neighborhood. It comes as e-bikes are growing in popularity, but many people still aren't following the rules.
People who live in Sacramento's Curtis Park neighborhood say they first started seeing new street parking restrictions go in several months ago, but they had no idea that it was an unauthorized act.
Sacramento civic leaders are grappling with what comes next after a mistrial was declared in the case of the city's deadliest mass shooting in history, with many saying the lack of a verdict leaves victims' families and the community without closure.
California's minimum wage is set to increase again in 2027 as part of the state's annual inflation adjustment.
A man clung to the steep side of a Fresno canal while holding onto his dog Tuesday after jumping into the water to rescue the animal.
A dramatic rescue at Seabright State Beach in Santa Cruz is highlighting the dangers of powerful surf and rip currents along the California coast this week.
The Dove Fire in Tuolumne County began burning on Sunday, and a 30-year-old man was arrested Monday on suspicion of starting the fire, the sheriff's office said.
A Butte County judge found Ronnie Dean Stout II guilty Friday of starting the Park Fire in Northern California, exactly two years after the massive wildfire ignited.
Wilyer Abreu and Wilson Contreras homered on back-to-back pitches in the eighth inning, Sonny Gray went seven innings for his 13th win of the season, and the Boston Red Sox rallied to beat the Athletics 5-4.
Sacramento State is planning its biggest homecoming celebration yet as the university begins its first football season in the Mid-American Conference.
The Valkyries (19-9), who lost 90-82 at home to Washington last time out, have lost back-to-back games and fell a half-game behind second-place Las Vegas.
Former pitcher Chan Ho Park has become the first Korean to purchase an stake in a major league club.
Center fielders Carlos Beltrán and Andruw Jones and second baseman Jeff Kent were inducted into the Baseball Hall of Fame on Sunday.
Dr. Anthony Fauci appeared before the Senate to testify on the origins of the COVID-19 pandemic but invoked his Fifth Amendment rights in answering all questions.
Former FBI Director James Comey argued that criminal charges stemming from an Instagram post should be dropped because his speech is protected by the First Amendment.
A federal appeals court has upheld a judge's ruling that halted President Trump's efforts to create a federal voter list and limit who can receive a mail ballot.
The plans include arresting migrants in Ohio and quickly putting them on deportation flights to crisis-stricken Haiti, the internal documents indicate.
A Ukrainian woman living in the U.S. was arrested by U.S. Immigration and Customs Enforcement agents at San Francisco International Airport, in an incident caught on video.
CBS News Sacramento spoke with the head of UC Davis Children's Hospital about the rising cases and why measles specifically is the most infectious disease.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
All evacuation orders have been lifted for a fast-moving wildfire that sparked near the Nevada and Yuba county line Wednesday afternoon.
Firefighters stopped the forward progress of a vegetation fire that forced evacuations Sunday afternoon in the Pilot Hill area of El Dorado County.
Nothing but rubble remains of the McCombs home that was destroyed by the Kearny Fire. All their kids' toys, a wedding dress, memories and everything that meant something to them are completely gone.
All evacuation orders were lifted for a grass fire in rural Nevada County, west of Penn Valley, on Tuesday.
The Van Fire was reported Wednesday northeast of White Rock Road in Cathey's Valley, and north of Eastman Lake. The cause of the fire remains under investigation.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Darrielle Fair reports.
A man has been arrested in connection with a double homicide that happened last week in Stockton, police said on Thursday.
Madisen Keavy reports.
A warning is being issued to parents as their children return to school: there's an increased risk of kids getting involved with prostitution, and some are recruited right on campus by their peers.
Safety changes are coming to Old Sacramento after five men were stabbed during a violent fight early Saturday morning.
