Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
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In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Spending from the first round of stimulus propped up the economy. But that money is gone, and a more stimulus is unlikely in the coming weeks.
California's Employment Development Department said Wednesday it has cleared about 246,000 of its more than 1.6 million backlogged claims following a two-week "reset" where it stopped taking new applications so it could improve its technology.
More stimulus checks would help suffering Americans and prop up the sagging U.S. economy, but Democrats and Republicans haven't yet agreed on a deal.
The revised HEROES Act, passed by Democrats in the House, would still include stimulus payments and enhanced unemployment benefits.
Stimulus discussions are back on the table in Washington, but time is growing short to deliver a second round of stimulus payments before the election.
Time is running out on a stimulus package passing before the election, even as the need for another stimulus check and additional unemployment payments remains strong.
Unemployed individuals who qualify for an additional $300 under Trump's Lost Wages Assistance program may receive up to six weeks worth of benefits.
The pandemic has hit the US economy and job market hard, battering some industries beyond recognition. That's inspired many job seekers to change careers altogether, according to a new study.
President Trump's Lost Wages Assistance program is intended to increase weekly unemployment benefits, but implementation has been slow.
States react to President Trump's executive order extending additional weekly unemployment insurance payments in the amount of $400.
Unemployment's sizable decline in July still reflects a slowing economic recovery in the face of the unchecked coronavirus pandemic.
With the first round of economic stimulus running out, millions of Americans are about to take a massive hit to their household budget.
From catastrophic call center failures to missing unemployment payments, this is not the first time California's EDD has faced widespread criticism amid the unemployment crisis. Lawmakers are calling for yet another EDD audit — but is it enough to fix the agency?
The end is near for the $600 federal lifeline for millions of unemployed Americans -- even though the economy is still far from recovered from the coronavirus pandemic and new layoffs are being announced regularly.
California added a record 558,000 jobs in June as many more businesses reopened but the gains announced Friday by the state are expected to be short-lived because of new closures put into effect in July as the coronavirus surged.
California's unemployment rate continued to climb in May, reaching 16.3% as businesses struggle under a stay-at-home order meant to slow the spread of the coronavirus but that has ravaged the economy, according to data released Friday.
The unemployment rate took a surprising drop, but while hope exists the road to recovery remains uncertain.
Small business owners are running into problems as they slowly start reopening. Some workers currently on unemployment are now saying they aren't coming back.
California's unemployment rate soared to 15.5% in April as the nation's most populous state lost 2.3 million jobs because of the coronavirus pandemic that shuttered most businesses.
California has quickly repaid a nearly $1.4 billion loan from the federal government used to fund a massive increase in unemployment claims amid the coronavirus pandemic.
Jill Schlesinger, certified financial planner and CBS News business analyst, looks at how to devise a game plan for paying bills when money is tight.
The growing financial crisis is impacting small businesses forcing many workers to turn to unemployment assistance.
Self-employed, part-time, independent contractors and gig workers in California can apply for new unemployment insurance benefits made available through the CARES Act.
People could find it easier to navigate the unemployment benefits system in California. after a new texting system goes into place, Gov. Newsom says.
Jake Rogers and Spencer Torkelson homered and the Detroit Tigers won their fourth straight game, beating the Athletics 6-1 on Wednesday night.
A battle over housing and groundwater in Stanislaus County has dealt the City of Patterson another legal setback.
Sacramento leaders gathered Wednesday to celebrate the announcement that Peak Energy will build a new sodium-ion grid storage facility in Sacramento's Metro Air Park.
Michigan is experiencing its largest outbreak of a parasitic infection, called cyclosporiasis, that causes severe diarrhea.
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.
Sacramento leaders gathered Wednesday to celebrate the announcement that Peak Energy will build a new sodium-ion grid storage facility in Sacramento's Metro Air Park.
Jake Rogers and Spencer Torkelson homered and the Detroit Tigers won their fourth straight game, beating the Athletics 6-1 on Wednesday night.
California's delayed release of its Baby2Baby contract is casting a shadow over the state's new Golden State Diaper program.
A battle over housing and groundwater in Stanislaus County has dealt the City of Patterson another legal setback.
Michigan is experiencing its largest outbreak of a parasitic infection, called cyclosporiasis, that causes severe diarrhea.
This Fourth of July marked the first time Sacramento Fire deployed its own drones and certified operators to monitor illegal fireworks across the city. Officials say it allows crews to trace fireworks back to where they were launched.
Authorities are trying to identify a resident of a Sacramento homeless shelter who died earlier this year and have generated an image of the man using artificial intelligence to seek the public's help.
Most schools with limited budgets rely on parent volunteers. These unsung heroes give their time, energy, and effort to help teachers and staff. Among them is one Sacramento woman making a difference at a school that's special to her.
A North Sacramento home was damaged from flames that spread from a nearby trailer fire, officials said Wednesday afternoon.
A year after fireworks sparked a destructive fire, a Sacramento business is still dealing with damages.
The California Legislature passed a bill in June to remove a critical loophole in the state's mental health diversion program. Gov. Gavin Newsom signed off on that proposal last week.
Assemblymember Alex Lee announced on Wednesday that $20 million in the 2026-27 fiscal budget has been allocated to restart the CalFresh Fruit and Vegetable EBT Pilot Program after the program paused at the end of June due to a lack of funding.
Two men were arrested in Central California after detectives found about 2,000 pounds of stolen peaches loaded onto a trailer, authorities said.
The City of Sacramento is on the cusp of transformation as most state workers are set to return to the office four days a week under a mandate ordered by California Gov. Gavin Newsom. Downtown businesses are welcoming the added foot traffic.
Gov. Gavin Newsom signed a nearly $352 billion spending plan Monday that delays some cuts to healthcare programs, increases funding for childcare and sets aside money to help speed up the state's vote count ahead of the November election.
Jake Rogers and Spencer Torkelson homered and the Detroit Tigers won their fourth straight game, beating the Athletics 6-1 on Wednesday night.
The Valkyries are 5-4 on the road. Golden State leads the WNBA averaging 10.7 made 3-pointers per game while shooting 34.3% from deep.
Tarik Skubal struck out nine over five innings and Colt Keith hit a two-run homer to lead the Detroit Tigers to a 6-2 victory over the Athletics on Tuesday night.
Heliot Ramos homered twice and drove in five runs to back Landen Roupp's first win in more than two months, and the San Francisco Giants beat the Toronto Blue Jays 10-1 on Monday night.
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
The damages were awarded to Carroll, a writer, by a 2023 jury in a civil sexual abuse and defamation case.
The California Legislature passed a bill in June to remove a critical loophole in the state's mental health diversion program. Gov. Gavin Newsom signed off on that proposal last week.
The public got its first look inside the new council chambers, including one feature that's already drawing attention: a large structural support beam in the middle of the room.
Amid simmering tensions between the U.S. and some NATO allies over Iran and Greenland, President Trump is tightening bonds with Turkey.
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
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.
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.
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.
Three firefighters were injured while attacking a rapidly spreading vegetation fire sparked by a vehicle fire on Monday afternoon near Groveland, officials said.
Crews are battling a vegetation fire that was threatening structures near Camanche Reservoir in California's San Joaquin Valley, officials said Wednesday evening.
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.
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.
Nina Burns reports.
Sacramento leaders gathered Wednesday to celebrate the announcement that Peak Energy will build a new sodium-ion grid storage facility in Sacramento's Metro Air Park.
The suspect shot and killed by Sacramento County deputies on Interstate 80 after a chase on Sunday has been identified.
Find out what kind of weather we're expecting the rest of the week.
The future of the Sacramento Zoo is up for discussion again Wednesday as zoo officials seek public input on a revised expansion plan.