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.
The recalled products with jalapeño were distributed at national retailers, including Walmart and Target, in 26 states.
The man who prosecutors say orchestrated the 1996 killing of rap icon Tupac Shakur, Duane "Keffe D" Davis, is scheduled to go to trial almost 30 years after the drive-by shooting in Las Vegas.
An 18-year-old Los Banos resident was arrested on suspicion of murder after a man was found shot to death early Sunday in Turlock, police said.
The El Camino Avenue thrift store featured in Greta Gerwig's "Lady Bird" is holding an 85% off sale as the family behind the business prepares to sell it.
For families returning after the Gann Fire, the first look at home is bringing relief, heartbreak and new concerns about the hazards left behind.
A memorial of flowers and candles was growing Sunday near the site of the collapse.
The recalled products with jalapeño were distributed at national retailers, including Walmart and Target, in 26 states.
The El Camino Avenue thrift store featured in Greta Gerwig's "Lady Bird" is holding an 85% off sale as the family behind the business prepares to sell it.
The man who prosecutors say orchestrated the 1996 killing of rap icon Tupac Shakur, Duane "Keffe D" Davis, is scheduled to go to trial almost 30 years after the drive-by shooting in Las Vegas.
Suisun City declared a state of emergency Saturday after malware disrupted 911 routing, police and fire dispatch and other critical city systems.
Most high school students don't set foot on a college campus until after graduation. At one Sacramento City Unified School District campus, it's a graduation requirement.
Two people were injured in a suspected road-rage shooting Wednesday evening in North Sacramento, officials said.
Parents who have lost their kids to gun violence met in Downtown Sacramento for a special National Night Out gathering to raise awareness and gather signatures of support for a proposed new law that would increase security at nightclubs.
Movie crews are rolling into town to shoot "Mona," a coming-of-age film set in the 1990s by Sacramento native Danielle Truitt, who returned home to tell a story inspired by her own childhood.
The Sacramento Police Department said it is investigating a shooting that happened late Saturday night at a large house party in the city's Fab 40s neighborhood.
In the valley and foothills, temperature highs will range from 102 to 108, and lows will dip into the mid-60s to 80 degrees.
California's unemployment rate remains among the highest in the nation as more residents turn to state benefits for financial support — but some say they're struggling to get help from the agency responsible for processing those claims.
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
California Gov. Gavin Newsom on Friday announced the rollout of the state's new electric vehicle instant rebate program, touting it as part of an investment in the state's clean-vehicle future.
Teamsters California announced that it is suing the state Department of Motor Vehicles over new regulations allowing companies to seek permits to test and deploy driverless heavy-duty trucks.
Sacramento State football will make its first trip to Oregon in 2028, adding another marquee opponent to the Hornets' future schedules as the program begins its move into the FBS.
The former San Francisco 49ers star running back spoke in a prerecorded video message while he sat on stage wearing his gold jacket at Tom Benson Stadium on Saturday.
David Forst won't return as general manager of the Athletics, with the team announcing Friday that the two sides have "mutually agreed to part ways.".
Elly De La Cruz hit his fourth career leadoff home run — one of four homers by Cincinnati — and the Reds beat the Athletics 6-5 to complete a three-game sweep.
Longtime San Francisco Giants broadcaster Mike Krukow announced on Thursday that he would retire at the end of the season.
First Assistant U.S. Attorney Bill Essayli hired former top aide Shawn Lewis to be a federal law enforcement liaison, though Lewis has three prior convictions for driving under the influence and a pending battery charge.
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
California Attorney General Rob Bonta has joined a coalition of 19 attorneys general in supporting a federal lawsuit challenging Idaho's law that bars transgender students from using school restrooms and other sex-separated facilities that align with their gender identity.
The Supreme Court in June struck down President Trump's earlier executive order aimed at ending birthright citizenship.
Republican Sen. Mitch McConnell of Kentucky was hospitalized on June 14.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
CBS News Sacramento spoke with the head of UC Davis Children's Hospital about the rising cases and why measles specifically is the most infectious disease.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
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.
It's a loss one friend says came after Susan Solari made the heartbreaking decision to stay behind with the dogs she loved.
For Mary Anne and Glenn Meeks, the fire's rapid growth left little time to prepare. The couple spent the night at an evacuation center in Valley Springs after flames moved to within a few miles of their home.
The Northern California wildfire has burned 7,052 acres with no containment, keeping evacuations in place near New Hogan Lake.
All evacuation orders have been lifted for a fast-moving wildfire that sparked near the Nevada and Yuba county line Wednesday afternoon.
Firefighters stopped the forward progress of a vegetation fire that forced evacuations Sunday afternoon in the Pilot Hill area of El Dorado County.
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.
The Stockton Fire Department said two bodies were recovered from a construction trench that collapsed on Saturday morning.
Find out what kind of weather we're expecting this week.
The store featured in Greta Gerwig's movie "Lady Bird," which was set in Sacramento, will be closing its doors for good at the end of August.
Stockton police said they are investigating a homicide after a report of someone being attacked with a bat Sunday morning.
The Stockton Fire Department said two bodies were recovered from a construction trench that collapsed on Saturday morning.