Goldman Sachs Expects $5 Billion Hit From Tax Overhaul, Big Savings Later
As a result, the New York bank will likely report a loss for the last quarter of 2017. But Goldman and other banks will be among the largest beneficiaries of the new tax code.
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As a result, the New York bank will likely report a loss for the last quarter of 2017. But Goldman and other banks will be among the largest beneficiaries of the new tax code.
The tax overhaul signed last week by President Donald Trump puts a new limit on the amount of state and local taxes people can deduct.
Since 1990, the median age of motorcycle owners increased from 32 to 47, according to data from the Motorcycle Industry Council.
Experts have issued rosy forecasts for the season. Shoppers seem to be in the mood as unemployment is at 17-year low and consumer sentiment has reached its highest level since 2000.
The former National Security Agency contractor who exposed U.S. government surveillance programs by disclosing classified material in 2013 has a new job: app developer.
State officials still are investigating the causes of the October wildfires, which killed 44 people and caused a state-estimated $9 billion in property damage.
Broadway comics and Cards have been open next to tower cafe for nearly 3 decades. But rising rents and a shift to more online sales has forced the owner to make a tough decision.
It's not quite like tobacco companies warning about the dangers of smoking, but Facebook is acknowledging something many already know.
California on Thursday issued its first batch of business licenses for the state's upcoming legal marijuana market, setting the stage for sales to begin in January.
It's a new way of building multi-family housing, and it's all being done under one roof at the old Cadillac dealership on Kettleman Lane.
Sacramento's building boom is giving the local job market a boost as city officials voted unanimously to approve two-dozen new positions.
The tribe alleges employees at Wells Fargo branches on the vast reservation "routinely misled customers into opening unnecessary accounts and obtained debit and credit cards without customers' consent."
The first-ever bitcoin future jumped after it began trading Sunday as the increasingly popular virtual currency made its debut on a major U.S. exchange.
Contractors are stretched thin as is, and new roadblocks may mean people looking for a place to live will have to wait.
Allegations of abuse of women and girls by union leader Cesar Chavez were first reported by the New York Times on Wednesday.
In December, Attorney General Pam Bondi ordered law enforcement officials to prioritize efforts to probe and prosecute groups and individuals belonging to the antifa movement or are deemed "extremist."
In a unanimous vote, the Davis City Council adopted a host of additions to strengthen its existing sanctuary city ordinance and further limit the city's cooperation with future ICE operations within city limits.
Twin Rivers Unified School District teachers went on strike nine days ago and, as of Tuesday afternoon, were back at the bargaining table.
A college student who survived a fiery crash involving a Tesla Cybertruck in the San Francisco Bay Area has sued the automaker, alleging the vehicle's design trapped the occupants inside.
More than a dozen people have been killed by cars so far this year on Sacramento streets, and on Tuesday night, the city council debated what can be done to reduce future fatalities.
Twin Rivers Unified School District teachers went on strike nine days ago and, as of Tuesday afternoon, were back at the bargaining table.
Sacramento Metropolitan Fire District crews are investigating an explosion that injured a woman Monday evening at an apartment in the Arden-Arcade area.
Around 12:01 a.m., a man and woman were inside a vehicle on the 4400 block of Auburn Boulevard when they were shot. The woman was pronounced dead at the scene, and the man was taken to the hospital, the Sacramento County Sheriff's Office said.
New moves have been made to support more permanent housing in Sacramento, but some fear it could put some short-term rentals like Airbnbs out of business.
Serious allegations against late labor leader and civil rights activist Cesar Chavez have prompted the union he co-founded to abstain from this year's Cesar Chavez Day activities.
San Jose, Livermore, Napa, Concord, and many other inland areas will be within reach of the 90° mark, which would either tie or break all-time record warm temperatures for March. The reason? A strong area of high pressure is building overhead.
The war with Iran is now leading to growing concerns among California farmers over a fertilizer shortage, with many fertilizing products coming from shipments that are stuck in the Persian Gulf. tuck in the Persian Gulf.
Getting a gallon of gas for under $3? In California, it's possible if you choose the right pump.
Drivers across California are feeling the impact of soaring gas prices in what feels like overnight.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
Victor Wembanyama had 18 points and eight rebounds, and the San Antonio Spurs beat the Sacramento Kings 132-104 on Tuesday night.
Victor Wembanyama had 18 points and eight rebounds, and the San Antonio Spurs beat the Sacramento Kings 132-104 on Tuesday night.
With the game tied going into the 9th, Eugenio Suárez smacked a double into left-center field to score pinch runner Javier Sonoja for what would prove to be the winning run.
The U.S. men's national soccer team is expected to debut the new uniforms later this month in Atlanta, ahead of the 2026 FIFA World Cup starting in June.
In December, Attorney General Pam Bondi ordered law enforcement officials to prioritize efforts to probe and prosecute groups and individuals belonging to the antifa movement or are deemed "extremist."
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Public health officials say they've confirmed two cases of measles in Sacramento County.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
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.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
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.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
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.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
More than a dozen people have been killed by cars so far this year on Sacramento streets, and on Tuesday night, the city council debated what can be done to reduce future fatalities.
Ashley Sharp reports.
Conor McGill reports.
Charlie Lapastora reports.
One week after a woman was hit and killed along Forty Mile Road near the Hard Rock Casino in Yuba County, another family is dealing with a similar case. Both families are demanding that something be done for safety.
