Fed lowers interest rates by 0.25 percentage points in third straight cut
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
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The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Bitcoin has erased all of its 2025 gains and is on track for its worst monthly performance since 2022. Here's what experts say about the decline.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors. Her attorney countered that they plan to file a lawsuit challenging the move.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
President Trump has lashed out against Federal Reserve Chair Jerome Powell for weeks.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
Federal Reserve Chair Jerome Powell, who is testifying before Congress this week, said tariffs are "likely to push up prices."
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
President Trump said he isn't planning on firing Federal Reserve chair Jerome Powell, one day after calling Powell a "major loser."
Fed Chair Jerome Powell cites "high uncertainty" around the impact of Trump administration tariffs on key trading partners.
On todays Money Watch we are talking interests! The Federal Reserve meets today to decide on interest rates. CBS News Business Analyst Jill Schlesinger breaks it down with Reed Cowan on what we can expect.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Gianna Franco talks to CBS News business analyst Jill Schlesinger about the Federal Reserve likely taking no major action after its first policy meeting of the year.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
CBS News Business Analyst Jill Schlesinger joins on what the cut of interest rates means to our wallets and the future of inflation. For more analysis go to www.jillonmoney.com. (09-19-2024)
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
Sooji Nam reports on the impact the interest rate cut by the Federal Reserve could have on the San Francisco Bay Area housing market.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
On Christmas Day, kitchens across America hum with familiar activity. Vegetables are chopped. Pots are stirred, and cooks prepare meals for the people they love.
It was a dark and dreary Christmas night for many people throughout the Bay Area, but especially for those in and around Half Moon Bay.
Stephen Curry scored 23 points and knocked down a key 3-pointer with 3:45 left to help seal it, Jimmy Butler added 14 points, nine assists and nine rebounds, and the Golden State Warriors beat the Dallas Mavericks 126-116.
A gasoline tanker overturned on U.S. Highway 101 in San Jose Thursday morning, blocking traffic for hours, authorities said.
The strikes come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
On Christmas Day, kitchens across America hum with familiar activity. Vegetables are chopped. Pots are stirred, and cooks prepare meals for the people they love.
It was a dark and dreary Christmas night for many people throughout the Bay Area, but especially for those in and around Half Moon Bay.
Stephen Curry scored 23 points and knocked down a key 3-pointer with 3:45 left to help seal it, Jimmy Butler added 14 points, nine assists and nine rebounds, and the Golden State Warriors beat the Dallas Mavericks 126-116.
A gasoline tanker overturned on U.S. Highway 101 in San Jose Thursday morning, blocking traffic for hours, authorities said.
Widespread storm-related damage was reported across the Bay Area and Central Coast on Thursday, as residents awoke Christmas morning to multiple downed trees, power outages, flooding, and other storm impacts.
On Christmas Day, kitchens across America hum with familiar activity. Vegetables are chopped. Pots are stirred, and cooks prepare meals for the people they love.
It was a dark and dreary Christmas night for many people throughout the Bay Area, but especially for those in and around Half Moon Bay.
Peninsula residents dealt with a variety of weather-related issues on Christmas Eve, from flooding to outages.
A San Francisco man convicted of sexually assaulting two of his relatives was sentenced to a lengthy prison term, prosecutors announced Tuesday.
The winter weather is affecting flights at San Francisco airport, and some holiday travelers say they are experiencing over hour-long delays.
A police officer in Brentwood shot and killed a man with a rifle during a traffic stop on Wednesday, authorities said.
The closure is due to the storm affecting the electrical system. Bores 2 and 4 will stay open.
Another minor earthquake struck San Ramon on Wednesday morning, the latest in a series of small quakes in the area, authorities said.
A shooting in Oakland over the weekend left four people injured, police said Monday.
A person who was fleeing from police in Antioch was hit and killed by a vehicle on Highway 4 in Antioch on Monday, authorities said.
A gasoline tanker overturned on U.S. Highway 101 in San Jose Thursday morning, blocking traffic for hours, authorities said.
Tens of thousands of PG&E customers across the Bay Area are again without power on Christmas morning after another wet and windy storm moves through Northern California.
A San Jose school district will pay $5.75 million to settle a lawsuit alleging that a teacher impregnated a student decades ago, forced her to have an abortion, and continued to abuse her.
Wyatt Johnston scored twice and the Dallas Stars beat the San Jose Sharks 5–3.
A chance encounter at the University of California, Santa Cruz, has led to the restoration of a long-time, massive display of a blue whale skeleton display at the university.
Heavier rainfall and stronger winds prompted small businesses in low-lying flood-prone areas like Goodman Building Supply in Mill Valley to place sandbags in front of their entrance.
Soskin became a park ranger when she was 84 and worked at the Rosie the Riveter National Historical Park in Richmond. She was 100 when she retired.
The National Park Service said two people were captured on video throwing rocks at an elephant seal that was resting on a Point Reyes National Seashore beach on Dec. 6.
Despite rain in the forecast, much of Saturday in Santa Rosa remained dry, giving residents a brief window to run errands, enjoy the outdoors and prepare for the storms expected in the days ahead.
Widespread rain will begin in the afternoon and continue into the evening, and a flood watch will go into effect at 4 p.m. until 4 p.m. Monday for the North Bay.
Stephen Curry scored 23 points and knocked down a key 3-pointer with 3:45 left to help seal it, Jimmy Butler added 14 points, nine assists and nine rebounds, and the Golden State Warriors beat the Dallas Mavericks 126-116.
Brock Purdy threw a career-high five touchdown passes and Dee Winters returned an interception 74 yards for a score to lead the San Francisco 49ers to a 48-27 victory at Indianapolis.
Stephen Curry had 28 points, nine rebounds and six assists, Jimmy Butler scored 25 points, and the Golden State Warriors snapped a three-game losing streak by beating the Phoenix Suns 119-116.
As the San Francisco Giants prepare for the upcoming season, the team has made an acquisition beyond baseball, purchasing the historic Curran Theatre near Union Square.
Wyatt Johnston scored twice and the Dallas Stars beat the San Jose Sharks 5–3.
A police officer in Brentwood shot and killed a man with a rifle during a traffic stop on Wednesday, authorities said.
Police said officers learned the shooting happened on the 400 block of Cottonwood Drive and that they have launched an investigation.
A San Francisco man convicted of sexually assaulting two of his relatives was sentenced to a lengthy prison term, prosecutors announced Tuesday.
A prominent California farmer was arrested in the shooting death of his estranged wife in a remote mountain community in Arizona, authorities said.
The Lake County Sheriff's Office said three people from Sacramento and one from the Bay Area were arrested as suspects in burglaries that happened in Upper Lake, Nice and Ukiah.
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
Instacart's "unlawful tactics" hurt shoppers and raised the cost of groceries, according to the FTC.
The lack of fuel availability for hydrogen fuel-cell vehicles has prompted 700 Mirai owners to sue Toyota, an attorney said.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
A California digital health company and a Florida medical practice have been indicted in an alleged $100 million scheme to illegally distribute Adderall over the internet to patients across the country who didn't need it, federal prosecutors said Wednesday.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
Officials in Monterey County have issued a warning to people foraging for wild mushrooms amid a rise in poisonings.
The strikes come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
President Trump said TV broadcast licenses should be revoked if newscasts and late-night shows are almost entirely negative about him and the GOP.
President Trump has overhauled parts of the White House at a sprinter's pace with virtually no oversight, and it appears there is little standing in his way.
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
ICE has filed more than 8,000 requests to toss out asylum claims in immigration court, asking judges to send immigrants to third-party countries.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
Advocacy group The Trevor Projected released data from the first year of a study following more than 1,600 LGBTQ+ youth across the country.
A former Yosemite employee says they've been fired by the National Park Service, three months after flying a transgender pride flag from El Capitan.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
Chris Rea found fame in the 1980s in Britain with hits such as "Fool (If You Think It's Over)" and "Let's Dance."
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
As the San Francisco Giants prepare for the upcoming season, the team has made an acquisition beyond baseball, purchasing the historic Curran Theatre near Union Square.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Kara St. Cyr reports.
San Francisco's St. Anthony's Foundation held its annual Christmas feast in the heart of the Tenderloin, a neighborhood where need is visible, persistent, and growing. Itay Hod reports.
Reporter Da Lin was at San Francisco's Pier 39 for his annual tradition of getting people to say what they are thankful for on Christmas.
Interview with Petaluma City Councilmember Brian Barnacle and Nick Agius with Redwood Empire Food Bank
Meteorologist Darren Peck says the stormy weather and flood fears in the Bay Area will continue Thursday evening into Friday.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.