Inflation runs hot for a third straight month, led by by gas and rent
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Economists say Americans should be more upbeat about the economy given strong job growth and lower inflation.
Kurtis Ming has had conversations with people in our community about the impact of inflation on their personal finances. It's forcing some to make some tough choices.
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
Upticks signal a longer wait for rate cuts as the Federal Reserve's war against inflation isn't won just yet.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Just 1 in 5 say they'll buy more gifts for others this season, compared to recent past years — and this is true even among higher-income earners.
Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.
Inflation across the U.S. continues to fall but remains sticky, with the cost of rent, medicare care and used cars edging up last month.
Many feel worse off than their parents' generation as income isn't keeping up.
Red Lobster added all-you-can-eat shrimp to its menu. Then it realized how much Americans can eat.
About 60% of American workers say their income has lagged inflation over the past 12 months, survey shows.
Compared with 2021, the typical household must spend an additional $11,434 annually just to maintain their standard of living, analysis shows.
President Joe Biden has made America's case to CEOs attending the Asia-Pacific summit in San Francisco that the United States is committed to high standards in trade that will benefit economies across the Pacific.
Prices across the U.S. rose 3.2% compared with a year earlier, slightly below economists' forecasts.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
Spending at US retailers continued to grow last month, a fresh sign that American shoppers aren't tapping out just yet.
The number of Americans applying for unemployment benefits was unchanged last week, remaining at historically low levels in another sign that the U.S. job market remains strong in the face of higher interest rates.
The price per box is increasing to $6, up from $5 last year, in select parts of the US.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Despite uptick in prices, Wall Street analysts still expect inflation to continue easing over the coming months.
Meet Frannie the dog, Instagram's newest fitness influencer.
Sutter Health Memorial Medical Center in Modesto is now nationally accredited for student residency programs.
A well-known Mexican restaurant near Elk Grove has been targeted by burglars yet again.
A new homeless shelter in the Stockton area is serving those with serious mental health and substance abuse issues, hoping to give them a home to get healthy.
California State Polytechnic University, Humboldt announced Friday that all classes and school business will be conducted remotely for the rest of the semester, amid an ongoing student occupation on campus in protest of the ongoing war in Gaza.
California State Polytechnic University, Humboldt announced Friday that all classes and school business will be conducted remotely for the rest of the semester, amid an ongoing student occupation on campus in protest of the ongoing war in Gaza.
Meet Frannie the dog, Instagram's newest fitness influencer.
It's a sight not seen in Sacramento skies for more than twenty years. For the second week in a row, an entire air wing of large military jets landed at McClellan Park.
Sutter Health Memorial Medical Center in Modesto is now nationally accredited for student residency programs.
A well-known Mexican restaurant near Elk Grove has been targeted by burglars yet again.
Two people were hospitalized following a crash involving a Sacramento Fire Department ambulance in the downtown area, officials said Friday afternoon.
The Sacramento Canines' Rat Annihilation Team is a group of volunteers that hunt for rats on city streets.
It's a sight not seen in Sacramento skies for more than twenty years. For the second week in a row, an entire air wing of large military jets landed at McClellan Park.
Loved ones of Kirill Trush want justice for him after he was stabbed and killed near Tower Bridge in West Sacramento over the weekend.
Convicted attempted murderer Kyle D. Frank may soon be let out of prison after being granted parole in his initial suitability hearing.
Gavin Newsom was asked to comment about Harvey Weinstein's 2020 rape conviction being overturned on Thursday, and the California governor didn't mince words.
This week, things reached a boiling point as demonstrations turned violent over calls for a ceasefire and for campuses to cut ties with companies supporting Israel.
Sacramento, and much of California, received unfavorable grades in this year's State of the Air report from the American Lung Association.
A new rule in California aims to limit health care price increases to just 3% each year.
A former Gridley teacher pled no contest to having sex with an 8th-grade student on the day of his graduation in 2021, according to the Butte County District Attorney's Office.
San Francisco took Florida wide receiver Ricky Pearsall with the 31st pick in the NFL draft on Thursday night to give the 49ers possible insurance if they can't sign Brandon Aiyuk to a long-term deal.
The Oakland Athletics beat the New York Yankees 3-1 Thursday night for a four-game split.
The Indianapolis Colts took the first defensive player in the NFL draft, choosing edge rusher Laiatu Latu of UCLA with the 15th pick.
The Las Vegas Raiders drafted Georgia's Brock Bowers with the 13th pick of the first round on Thursday, the second year in a row they have taken a tight end high in the NFL draft.
Golden State Warriors point guard Stephen Curry led the league in clutch scoring this season, and was appropriately honored for his late-game heroics Thursday night.
California State Polytechnic University, Humboldt announced Friday that all classes and school business will be conducted remotely for the rest of the semester, amid an ongoing student occupation on campus in protest of the ongoing war in Gaza.
The White House had been due to decide on the menthol cigarette rule in March.
"I am happy to debate him," President Biden said during an interview with Howard Stern.
Gavin Newsom was asked to comment about Harvey Weinstein's 2020 rape conviction being overturned on Thursday, and the California governor didn't mince words.
Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make the grid less reliable. It's likely to face court challenges.
Sutter Health Memorial Medical Center in Modesto is now nationally accredited for student residency programs.
Around 1 in 5 retail milk samples had tested positive for the bird flu virus, but further tests show it was not infectious.
The White House had been due to decide on the menthol cigarette rule in March.
A new rule in California aims to limit health care price increases to just 3% each year.
Governor Gavin Newsom is seeking a bold new step to open California medical facilities to Arizona doctors for abortions on their patients after the state's Supreme Court upheld an 1864 abortion ban.
Amazon announced Monday that it suspended its drone delivery operations in the California Central Valley community of Lockeford.
The victims are smart, they're savvy, and they're still getting tricked.
Google began removing California news sites from some user's search results, a test that acted as a threat should the state pass a law requiring the search giant to pay media companies for linking to their content.
Long lunch lines, friendly hellos, and a greater social atmosphere – could all of that return to downtown Sacramento with the return of state workers? Some businesses seem to think so.
A California lawmaker introduced a bill that would end exclusive control of ticket sales by companies like Ticketmaster.
California law says genetic testing companies have to get your permission before they store, use or sell your DNA, but the state itself doesn't have to get your permission and has been storing DNA samples from every baby born there since the '80s. Lawmakers want to change that, but face an uphill battle.
A bill introduced in the wake of our "Handcuffs in Hallways" investigation aims to reduce "unnecessary" calls for police at schools. But one California lawmaker could kill it without a vote.
We tried to work with law enforcement for nearly a year to avoid this lawsuit, but one local agency is simply refusing to release video that the public has a right to see. Its legal argument could impact law-enforcement policies across the state if allowed to stand.
Fentanyl test strips used to be illegal in California. Now, state law requires them on community and state college campuses. We put fentanyl test strips to the test, and what we found could save someone you know.
Also Thursday... Democratic mayors are joining the fight to reform Prop 47 despite California Governor Gavin Newsom's opposition.
The victims are smart, they're savvy, and they're still getting tricked.
The state regulates crematoriums for people, but we've learned there is zero oversight for pet crematoriums.
Kurtis Ming has had conversations with people in our community about the impact of inflation on their personal finances. It's forcing some to make some tough choices.
Theresa Ingraham paid for her homeowners insurance each month through her mortgage payment but learned that after her house fire, her AAA bill went unpaid.
California's attorney general is putting pressure on Facebook over an issue Call Kurtis first exposed more than a year ago.
Firearm-related charges were dismissed this week against one of the two men arrested in connection to the Caldor Fire that tore through El Dorado County in 2021, prosecutors said Thursday.
The Senate Committee on Insurance passed a bill Wednesday that lawmakers said will address the cost and availability of fire insurance in California.
Community members in El Dorado County are still rebuilding from the Caldor Fire, which destroyed Grizzly Flats in August 2021.
Two additional insurance companies are pulling out of California, leaving thousands more civilians without coverage as the state nears the start of its wildfire season.
Some groundbreaking fire protection ideas are being unveiled in Sacramento this week at a wildland firefighting conference.
Meet Frannie the dog, Instagram's newest fitness influencer.
A Yuba City mom started a baseball team for kids with physical and intellectual disabilities after finding her 11-year-old son with Down Syndrome didn't have anywhere to play.
A Sacramento nonprofit is teaming up with a local credit union to give back so seniors can safely do basic tasks like bathing or exercising. Those lending a helping hand are also a group of seniors.
The high school players have trained hard all season to make Friday night's finals, and they didn't let their physical and mental challenges get in the way of playing a good game.
NFL Hall of Famer Tim Brown is hosting his 23rd youth football camp at Sacramento State, an annual event that is part of a mentorship program for underserved young people.
Meet Frannie the dog, Instagram's newest fitness influencer.
For the second year in a row, California has put an early end to ocean salmon fishing due to a declining number of salmon returning to state streams. Now, native tribes are pushing back and speaking out against the state's Water Resources Control board.
Pockets of showers are moving through Northern California Friday evening before seasonal average temperatures return for the weekend.
Sutter Health Medical Center is now nationally accredited for residency programs, which there is a huge need for throughout the state.
A well-known Mexican restaurant in Elk Grove was burglarized yet again, and it was caught on camera.