The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
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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.
The August employment report shows 142,000 jobs added to the United States with the labor market saying inflation seems to cool down. For more analysis go to www.jillonmoney.com. (08-06-2024) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv Twitter: https://twitter.com/KPIXtv
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
CBS News Business Analyst Jill Schlesinger explains the month of June’s numbers and if we are close to seeing lowered interest rates. For more analysis go to www.jillonmoney.com. (07-11-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
The latest CBS News poll found that 72% of Americans say higher prices have been a hardship or more difficult, and 63% rate the economy as fairly bad or very bad. Mark Strassmann on how voters are feeling amid the signs that inflation is cooling — but not fast enough for many Americans.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
In the latest inflation report, CBS News Business Analyst Jill Schlesinger discusses the “financial diet” in American loan debt while percentages see an all-time high. For more analysis, go to www.jillonmoney.com. (05-15-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
CBS News Business Analyst Jill Schlesinger joins Nicole Zaloumis to discuss how the monthly employment report has lowered compared to other months while the fed hopes wages and inflation cool down. (05-03-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
U.S. economic growth slowed more than expected in first quarter of 2024, with inflation-weary consumers tightening their belts and spending less, the government reported on Thursday. Interview with CBS business analyst Jill Schlesinger.
The Federal Reserve wrapped up its policy meeting Wednesday with an announcement about interest rates. Interview with CBS News business analyst Jill Schlesinger
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
An 18-year-old was hospitalized Sunday evening after bystanders performed CPR following a near-drowning at San Gregorio State Beach, Cal Fire said.
The COVID-19 pandemic permanently changed how many people spend money on dining and entertainment. Now, another Oakland business has become a casualty of those shifts.
The San Diego Padres secured a 5-4 victory over the San Francisco Giants on Sunday.
Crews in Foster City were battling a six-alarm fire at a condominium building on Sunday.
The first shooting happened on July 28, just after 8 p.m., near the 1400 block of Enterprise Street. Police said the victim reported someone shot at him and then ran from the area. The victim was not injured.
An 18-year-old was hospitalized Sunday evening after bystanders performed CPR following a near-drowning at San Gregorio State Beach, Cal Fire said.
The COVID-19 pandemic permanently changed how many people spend money on dining and entertainment. Now, another Oakland business has become a casualty of those shifts.
The San Diego Padres secured a 5-4 victory over the San Francisco Giants on Sunday.
Crews in Foster City were battling a six-alarm fire at a condominium building on Sunday.
The first shooting happened on July 28, just after 8 p.m., near the 1400 block of Enterprise Street. Police said the victim reported someone shot at him and then ran from the area. The victim was not injured.
An 18-year-old was hospitalized Sunday evening after bystanders performed CPR following a near-drowning at San Gregorio State Beach, Cal Fire said.
Crews in Foster City were battling a six-alarm fire at a condominium building on Sunday.
It's the cool water from the California Current and upwelling that usually allows the dense coastal fog to form. The ocean water is cooler than the air above it, and lowers the air temperature down to the dew point, which creates fog.
Janelle Salaun came off the bench to score 24 points, Veronica Burton contributed 17 points and six assists, and the Golden State Valkyries used their stingy defense down the stretch to hold off the Toronto Tempo for a 96-79 win Sunday night.
An investigation is underway after a man was found dead Saturday morning at a Caltrain station in San Francisco, police said.
The COVID-19 pandemic permanently changed how many people spend money on dining and entertainment. Now, another Oakland business has become a casualty of those shifts.
For generations, the Oakland Coliseum has been where the city's biggest sports memories were made. Now, one of the last professional sports teams still calling the venue home is facing an uncertain future.
In a quiet neighborhood in Oakland, a backyard was abuzz with young people answering an urgent call to action.
An investigation is underway after a woman was shot and killed Friday morning near the Oakland Adult & Career Education Center, officials said.
A man who was convicted in a series of attacks targeting elderly victims in Oakland's Chinatown during the COVID-19 pandemic has been charged in connection with a series of new attacks, prosecutors said.
A 16-year-old California lifeguard who rescued a 10-year-old child from powerful waves during a daring rescue caught on video has spoken out about the harrowing experience.
A South Bay summer camp counselor who was previously arrested for alleged child sexual assaults was arrested again after a third alleged victim came forward, authorities said.
A jury on California's Central Coast has convicted a barber for sexually assaulting clients at his shop, prosecutors said.
A fire burning in eastern Santa Clara County was spreading on Monday after jumping a containment line.
The College Football Players Association has announced that Stanford has become the first team to organize a player-led chapter.
The first shooting happened on July 28, just after 8 p.m., near the 1400 block of Enterprise Street. Police said the victim reported someone shot at him and then ran from the area. The victim was not injured.
Smoke blanketed the Bay Area Friday, as firefighters continued to battle a wildfire near Salt Point State Park in Sonoma County.
As the SMART train line plans stations at both Healdsburg and Cloverdale, the town of Geyserville, located in the middle, is saying, why not us?
Nicholas Cunfermann disappeared from Novato on Aug. 24, 1986. He was 32 years old.
A fire was burning vegetation near homes in a Mill Valley neighborhood, authorities said Monday.
The San Diego Padres secured a 5-4 victory over the San Francisco Giants on Sunday.
Janelle Salaun came off the bench to score 24 points, Veronica Burton contributed 17 points and six assists, and the Golden State Valkyries used their stingy defense down the stretch to hold off the Toronto Tempo for a 96-79 win Sunday night.
Jake Cronenworth singled in Xander Bogaerts with two outs in the ninth inning and the San Diego Padres beat the San Francisco Giants 6-5 for their seventh win in eight games.
San Francisco 49ers receiver Ricky Pearsall will have season-ending surgery on his injured right knee in the latest setback for the 2024 first-round pick.
Jase Bowen hit his first major league homer, Ty France drove in three runs and three San Diego Padres pitchers combined on a two-hitter in a 7-0 victory over the San Francisco Giants.
The first shooting happened on July 28, just after 8 p.m., near the 1400 block of Enterprise Street. Police said the victim reported someone shot at him and then ran from the area. The victim was not injured.
A Pleasant Hill man has been arrested in connection with a stabbing in San Francisco after police used surveillance cameras and a drone to track his movements and recover what investigators believe was the weapon used in the attack.
A man who was convicted in a series of attacks targeting elderly victims in Oakland's Chinatown during the COVID-19 pandemic has been charged in connection with a series of new attacks, prosecutors said.
Nearly sixteen years after a San Francisco man was found fatally stabbed inside his apartment, police are seeking information in solving the cold case.
An East Bay man has been arrested on suspicion of attempted murder after he allegedly shot and robbed his ex-girlfriend outside a Berkeley home last month, while his mother was also arrested for being an alleged accessory, police said.
The families of four children who died by suicide allege that using social media led to depression, anxiety and other mental health problems.
Anthropic's artificial intelligence model Claude "gained unauthorized access" to three outside organizations on three separate occasions during testing.
OpenAI CEO Sam Altman and other AI leaders say they support pacing the rapid advancement of AI's capabilities.
Three major U.S. airlines have quietly changed their policies to ban humanoid and animal-like robots from their flights.
Schools in three states will be equipped with drones this coming academic year that aim to find and deter active shooters within seconds.
Soaring health insurance premiums are forcing some small business owners to make difficult decisions about employee coverage, staffing and their future.
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.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A Monterey County company is now at the center of a nationwide cyclosporiasis outbreak. The Washington Post is reporting that lettuce from Taylor Farms, a company headquartered in Salinas, may have supplied contaminated lettuce to Taco Bell.
Records reveal California twice missed deadlines to buy the trains at the center of a federal funding fight — then quietly dropped its lawsuit weeks after missing its new deadline.
California Gov. Gavin Newsom's office has released tax returns showing he and his wife made between $1.7 million and $2 million annually from 2022 through 2024.
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
The Trump administration on Thursday reiterated its view that China's alleged efforts to collect millions of American voter registration files constituted election interference.
Sen. Aisha Wahab said the state findings reveal the county missed key warning signs before Sophia Mason's 2022 death, and that similar failures persist today.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Major League Baseball has warned players about writing on their uniforms after San Francisco starter Landen Roupp and two other pitchers added Bible verses to their Pride Night caps on Friday night.
Many LGBTQ+ Pride events across the country have had to scale back or even cancel due to political and financial reasons. San Francisco was on the brink. Kara St. Cyr reports.
A lawsuit alleges that a drive storing a $45 million spy film starring Nicolas Cage was "stolen right off a Netflix desk."
Four women say Hollywood star Jared Leto committed sexual crimes against them when they were teenagers, in interviews with the BBC.
Carly Simon, the singer known for 1970s hits like "You're So Vain," announced she has Parkinson's disease and also was treated for basal cell carcinoma.
Bay Area rapper Mistah F.A.B. was arrested in Oakland after police said he was in possession of thousands of dollars in illegal fireworks.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
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.
with Darren Peck.
Sooji Nam reports.
John Ramos reports.
with Zoe Mintz.
Meteorologist Zoe Mintz explains how El Niño is affecting the Bay Area this summer.
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.