First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
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The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January.
Stocks closed lower following latest update on inflation and warning of possible recession.
Are robot waiters the future?
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
The recent storms have put a dent in the drought, but they've also flooded precious farmland, ruining mile after mile of crops across the state. But even at farms that didn't flood, they are still harvesting challenges.
They say government helps wealthy more than middle class amid bank issues.
A surge in grocery costs combined with the end of pandemic programs is causing a spike in hardship, a new study finds.
At the height of the Great Recession, Scott Pelley reported on the lengths the federal government will go to protect bank depositors.
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.
A major fast-food chain is saying than you to food delivery workers in a new way, by opening a space just for them in New York City.
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
Americans want compromise. The prospect of default impacts views.
A large number of American men between 25 and 54 years old are not working or even looking for work.
"We don't have time for incrementalism anymore," said author Rick Warztman.
"Whatever it is that people are experiencing, they were as generous as they had the capacity to be," said GivingTuesday CEO.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
A strike could come shortly before the busy Christmas holiday.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
Investors cheered after U.S. consumer prices fell last month more than Wall Street expected.
It was a packed house at Sutter Health Park for the fifth battle between the Sacramento River Cats and the San Francisco Giants.
A search is underway for a 19-year-old man who went missing in the Truckee River near the California and Nevada state line on Saturday, authorities said.
Stockton is home to the popular Marvel comic "Fantastic Four," and one group of artists is raising money to help finish a mural of the iconic characters.
Malik Monk scored 10 of his 32 points in the final five minutes, Devin Carter made a pair of clutch free throws with 6.6 seconds remaining and the Sacramento Kings held off the Brooklyn Nets 126-122.
After almost two weeks, Twin Rivers Unified teachers will return to the classroom after a tentative deal was reached to end the district's first strike, the union said on Sunday evening.
After almost two weeks, Twin Rivers Unified teachers will return to the classroom after a tentative deal was reached to end the district's first strike, the union said on Sunday evening.
It was a packed house at Sutter Health Park for the fifth battle between the Sacramento River Cats and the San Francisco Giants.
The Iran war is nearing the three-week mark as about 2,200 more U.S. Marines and three more warships are headed toward the region, two U.S. officials say.
A search is underway for a 19-year-old man who went missing in the Truckee River near the California and Nevada state line on Saturday, authorities said.
Stockton is home to the popular Marvel comic "Fantastic Four," and one group of artists is raising money to help finish a mural of the iconic characters.
Parts of Downtown Sacramento have sidewalks that are 150 years old, and next week, city leaders will consider spending more than $1 million to help restore them.
A teachers' strike at the Natomas Unified School District in Sacramento ended Thursday morning, after both sides announced a tentative agreement.
There's a push to start charging property owners who have vacant buildings or undeveloped land in Sacramento, but some are concerned that new fees could discourage development.
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.
Lawmakers in the California state legislature said they are moving to designate "Farmworkers Day" as a state holiday following sexual abuse allegations against Cesar Chavez.
A Chilean national on Monday pleaded guilty to a string of bank and ATM robberies for his role in a robbery crew using sophisticated tactics to steal more than $5 million in California, Oregon and Washington, prosecutors announced on Tuesday.
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.
It was a packed house at Sutter Health Park for the fifth battle between the Sacramento River Cats and the San Francisco Giants.
Malik Monk scored 10 of his 32 points in the final five minutes, Devin Carter made a pair of clutch free throws with 6.6 seconds remaining and the Sacramento Kings held off the Brooklyn Nets 126-122.
A dispute over a youth baseball contract in Ceres escalated into a physical confrontation between league leaders and a city employee, raising questions about control of a long-standing community program and potential changes to its funding.
Rookie VJ Edgecombe scored a career high 38 points with 11 assists, and Justin Edwards added 32 points as the 76ers beat the Sacramento Kings 139-118.
San Francisco Giants pitcher Hayden Birdsong will undergo Tommy John surgery and miss the entire season.
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
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.
Thieves were caught on camera breaking into an Elk Grove book store.
It was a packed house at Sutter Health Park for the fifth battle between the Sacramento River Cats and the San Francisco Giants.
After almost two weeks, Twin Rivers Unified teachers will return to the classroom after a tentative deal was reached to end the district's first strike, the union said on Sunday evening.
Stockton is home to the popular Marvel comics "Fantastic Four," and one group of artists is raising money to help finish a mural of the iconic characters.
Here's a look at the weather forecast Sunday evening.