Stocks fall as recession fears weigh on market
"Disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood," said one analyst.
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"Disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood," said one analyst.
Dow falls more than 600 points, while sharp drop wipes out S&P 500's gains from last week.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
California's latest budget accounts for a major deficit.
The job market remains strong — a good sign for workers but a blow to the Fed's efforts to cool inflation.
Almost 4 in 10 of consumers who went into debt expect it will take at least five months to pay off their bills.
Personal consumption expenditures increased at the lowest rate in over a year, showing the long run-up in prices is likely ending.
The minimum salary people want has risen to 8-year high, reflecting a hot job market and high cost of living, a survey says.
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Extreme weather like droughts and flooding, in addition to produce and animal diseases, have squeezed supply and led to wild price swings across food items this year.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
Janet Yellen is set to unveil the first U.S. currency bearing her signature, marking the first time that U.S. bank notes will bear the name of a female treasury secretary.
It's estimated more gift buyers are likely to shop on Small Business Saturday than Black Friday this year.
AAA projects more than 7.3 million Californians will be on the move.
Many families are finding it harder to travel or put on a Thanksgiving feast this year. From gas to groceries, inflation is having a big impact on the holidays this year.
It may be a question of either whose house or which restaurant?
The 56,700 new jobs California employers added in October was enough to push the state past the symbolic milestone.
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.
Sticker shock in youth sports is nothing new, but the onslaught of double-digit inflation across America this year has added a costly wrinkle on the path to the ballparks, swimming pools and dance studios across America.
A Yuba City McDonald's employee is recovering in the hospital after police say a coworker threw hot oil on him.
Community members gathered Saturday evening in Fairfield to support one another and begin the healing process following a shooting after a high school graduation ceremony that left an 18-year-old dead and three others injured.
Two people are dead and one other person is injured in a suspected DUI crash in Placer County Saturday afternoon, authorities said.
Yordan Alvarez hit a grand slam for his 22nd home run, leading the Houston Astros to a 13-2 victory over the Athletics.
The 18-year-old who was killed in a shooting after a graduation ceremony at Fairfield High School was identified on Saturday.
The 18-year-old who was killed in a shooting after a graduation ceremony at Fairfield High School was identified on Saturday.
California's primary to succeed Gov. Gavin Newsom took a big step forward Friday as CBS News projected Democrat Xavier Becerra had advanced to the general election.
A CBS News California investigation uncovered food delivery drivers using rented or stolen app accounts to bypass background checks, exposing a loophole that could put customers at risk.
A Yuba City McDonald's employee is recovering in the hospital after police say a coworker threw hot oil on him.
Community members gathered Saturday evening in Fairfield to support one another and begin the healing process following a shooting after a high school graduation ceremony that left an 18-year-old dead and three others injured.
A 31-year-old man was fatally shot Saturday morning in an Arden-Arcade business, the Sacramento County Sheriff's Office said.
A Citrus Heights man has been arrested in connection with a deadly stabbing that happened this week in Sacramento, officials said on Thursday.
A man has been charged with bringing an explosive device into Sacramento International Airport, federal prosecutors announced.
The district, redrawn under the voter-approved Proposition 50 in November, is expected to favor Democrats by including areas of Citrus Heights, much of North and East Sacramento, the city of West Sacramento, Rocklin and Roseville.
A new effort is underway to reduce Sacramento's drug overdose crisis. A local rapper and community members are coming together to film a music video highlighting the dangers of fentanyl.
Three U.S. citizens, including two California residents, have been arrested by the FBI in connection with an alleged plot to support ISIS.
A series of offshore earthquakes shook near California's North Coast early Wednesday morning.
A massive search effort is ongoing for a man missing since Memorial Day weekend in the Desolation Wilderness near Lake Tahoe.
Democratic Rep. Adam Gray and Republican Kevin Lincoln will advance in the June 2 primary for California's 13th Congressional District, CBS News projects.
The district, redrawn under the voter-approved Proposition 50 in November, is expected to favor Democrats by including areas of Citrus Heights, much of North and East Sacramento, the city of West Sacramento, Rocklin and Roseville.
Yordan Alvarez hit a grand slam for his 22nd home run, leading the Houston Astros to a 13-2 victory over the Athletics.
Golden Tempo made Cherie DeVaux the first woman to train a Kentucky Derby winner and the second woman to train a Belmont Stakes winner.
Michael Busch singled to right in the 10th inning, allowing automatic runner Dansby Swanson to advance from second and score on an error, and the Chicago Cubs edged the San Francisco Giants 3-2.
Matt Chapman hit his fourth career grand slam in the fourth inning and added a three-run shot to cap San Francisco's seven-run sixth inning and the Giants pounded the slumping Chicago Cubs 18-3.
Ned Jarrett was inducted into the NASCAR Hall of Fame in 2011 after 50 career wins on the sport's top circuit.
Political newcomer Spencer Pratt's lead over Los Angeles City Councilwoman Nithya Raman in the race for L.A. mayor has continued to diminish since election night.
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.
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.
There's been no word yet on if the Kennedy Center plans to remain open after July 5. It was to be closed for two years for extensive repairs beginning this summer.
The money will fund new and existing coal plants, as well as an export terminal in Oakland, California.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
A West Park High School sophomore is celebrating the end of the school year and a second chance at life after suffering a sudden cardiac arrest during band class last month.
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.
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.
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.
A Yuba City McDonald's employee is recovering in the hospital after police say a coworker threw hot oil on him.
The crash happened Saturday afternoon.
Conor McGill reports.
Ted Price has been supporting the Thundering Herd for many years and has become a part of what makes the program special.
Step through that doorway and visitors are greeted by Penryn Grill, a full-service restaurant that has become one of Placer County's most surprising dining destinations.