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.
Angel Martínez homered from both sides of the plate as part of his second career four-hit game, Chase DeLauter had a three-run homer and the Cleveland Guardians remained in first place in the AL Central with a 12-6 victory over the Athletics.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
The crash happened just after 7 a.m. near Norwood Avenue and Lindley Drive. Police said officers arrived at the scene and began life-saving measures, but the driver was pronounced dead at the scene.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
The executive order does not require a shutoff yet, but asks experts to consider one alongside independent audits.
Angel Martínez homered from both sides of the plate as part of his second career four-hit game, Chase DeLauter had a three-run homer and the Cleveland Guardians remained in first place in the AL Central with a 12-6 victory over the Athletics.
A Sacramento Sikh truck driver was stabbed 17 times in an unprovoked attack at a Wyoming truck stop on Sunday, his attorney says.
The crash happened just after 7 a.m. near Norwood Avenue and Lindley Drive. Police said officers arrived at the scene and began life-saving measures, but the driver was pronounced dead at the scene.
The crash happened just after 7 a.m. near Norwood Avenue and Lindley Drive. Police said officers arrived at the scene and began life-saving measures, but the driver was pronounced dead at the scene.
As children head back to school, many adults are returning to their regular routines, leaving local animal shelters with fewer volunteers at a time when they need them most.
The Twin Rivers Unified School District is taking a stand against plans for a crematorium less than 1,000 feet from Babcock Elementary School in Sacramento, citing concerns about air quality and potential health risks for students and families.
Sacramento police are searching for an e-bike rider who led officers on a chase Tuesday afternoon before getting onto Highway 99 and escaping.
Sol Blume, an R&B music festival in Sacramento that's been postponed several times, is still causing headaches for some ticket holders awaiting refunds.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
The executive order does not require a shutoff yet, but asks experts to consider one alongside independent audits.
The U.S. Forest Service is proposing to rescind the 2001 Roadless Rule, a move that could change how some undeveloped forest areas in California are managed.
The California High-Speed Rail Authority paid out more than half a million dollars to consultants for wasteful expenses such as first-class flights and trips to nightclubs, a state watchdog said.
Qualifying collector cars will gradually become exempt from smog checks beginning Jan. 1, 2028.
Angel Martínez homered from both sides of the plate as part of his second career four-hit game, Chase DeLauter had a three-run homer and the Cleveland Guardians remained in first place in the AL Central with a 12-6 victory over the Athletics.
Drew Rasmussen pitched five scoreless innings and the Tampa Bay Rays opened a five-game AL East lead with a 10-1 win over the Athletics that extended their winning streak to six.
Nick Martinez worked five efficient innings for his 15th win, Jonny DeLuca was 2 for 4 with an RBI double, and the Tampa Bay Rays beat the Athletics 4-3 for their fifth straight win.
Junior Caminero hit his second game-ending homer in four games, an opposite-field liner leading off the ninth inning that gave the Tampa Bay Rays a 2-1 victory over the Athletics.
Lawrence Butler hit a two-run drive off Andrés Muñoz in the ninth inning for his second home run of the game as the Athletics overcame a four-run deficit and beat Seattle 8-7, leaving the Mariners five games back in the AL West with 12 to play.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Manteca Mayor Gary Singh and a local chiropractor are facing misdemeanor election charges following an investigation into an offer of a discount tied to voting in the city's mayoral race, the San Joaquin County District Attorney's Office announced on Friday.
President Trump said he struck a deal to give the U.S. "permanent control over security" in Greenland following a push by the president to boost U.S. influence over the island — or take it over.
The CDPH said an unvaccinated passenger who later was hospitalized with measles traveled around the country by train and bus, eventually moving through at least six California counties before heading to Denver, Colorado.
Planned Parenthood Mar Monte, the largest affiliate in the country, launched a new lineup of services more than six months ago in Sacramento that they say is helping fill a critical funding gap: aesthetics.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
For children facing cancer and other serious medical conditions, a hospital stay can be especially difficult. But at hospitals across Northern California, one familiar superhero is helping bring some joy to kids who need it most.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
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 Dome Fire in California's Yosemite National Park has rapidly grown as firefighters work to slow the flames burning in steep terrain in Mariposa County.
The Lucas Fire burning in the Potter Valley area of Mendocino County, right at the Lake County border, has prompted an evacuation order.
Two firefighters were injured while battling a wildfire in California's Mariposa County that prompted evacuation orders and road closures.
An evacuation order for the Ross Fire in Calaveras County was downgraded as crews stopped the forward progress.
The evacuation order and warning were lifted for the Clover Fire in the Alta Sierra area in Nevada County on Friday afternoon.
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.
Here's a look at the weather forecast Saturday evening.
The CDPH said an unvaccinated passenger who later was hospitalized with measles traveled around the country by train and bus, eventually moving through at least six California counties before heading to Denver, Colorado.
Here are the best plays from week 4 of Friday Gameday.
Antelope wins 33-13.
Vista Del Lago wins 12-0.