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.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
One year after a deadly apartment fire in San Rafael killed two women and two cats, the investigation into what happened remains ongoing, with the victims' families still waiting for answers.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
One year after a deadly apartment fire in San Rafael killed two women and two cats, the investigation into what happened remains ongoing, with the victims' families still waiting for answers.
Users chat with an AI chatbot about what they're looking for, and Ditto handles the rest.
Two employees of a navigation center serving San Francisco's homeless population have been arrested for allegedly harboring a man charged in the shooting of a police officer, the department said.
A group of protesters who blocked San Francisco's Golden Gate Bridge in 2024 to protest Israel's war in Gaza were sentenced on Friday to one month in jail following their convictions on misdemeanor charges last month.
An 18-year-old suspected in a hit-and-run that killed a motorcyclist on the Peninsula early Thursday morning was arrested about 200 miles away in Central California, authorities said.
Authorities in the East Bay arrested four people suspected of attempted robbery on the Peninsula Thursday afternoon.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
A shooting at a home in Fremont left one person dead and multiple suspects detained, according to police.
Authorities in the East Bay arrested four people suspected of attempted robbery on the Peninsula Thursday afternoon.
Firefighters on Friday continued their efforts to contain the Timber Fire burning in California's Big Sur, as the firefight is set to enter its third week.
Authorities in the South Bay said they arrested two women after hundreds of pounds of copper wire was found inside a vehicle over the weekend.
An investigation into a fatal hit-and-run crash on U.S. Highway 101 in East Palo Alto Thursday morning led California Highway Patrol officers to a neighborhood in Sunnyvale, authorities said.
Police in San Jose have launched an investigation after human skeletal remains were found Tuesday afternoon.
The San Jose Earthquakes hired Gavin Wilkinson this month to come in as a consultant on roster management to Bruce Arena. It's Wilkinson's past with the Portland Timbers and Thorns that has sparked outrage among some fans.
One year after a deadly apartment fire in San Rafael killed two women and two cats, the investigation into what happened remains ongoing, with the victims' families still waiting for answers.
As cities across California struggle to meet state housing goals, Habitat for Humanity Greater San Francisco is moving forward with plans to build what would become the largest affordable homeownership community in Marin County.
St. Helena residents say they are still dealing with discolored, foul-smelling water months after the city's water system came under scrutiny in a Napa County Civil Grand Jury report.
Drivers who rely on Interstate 80 between Solano County and the East Bay should expect delays this weekend, as Caltrans is set to close the westbound direction of the Carquinez Bridge for repaving.
A 9-year-old boy crossing a Santa Rosa street on Tuesday night was struck by a passing vehicle, leaving him with significant injuries, aurhorities said.
The Athletics' stadium on the Las Vegas Strip is taking shape with the addition of a second steel truss arch.
Jacob Cowing returned a punt for an 83-yard touchdown, Eddy Pineiro kicked a pair of field goals and the San Francisco 49ers beat the Los Angeles Chargers 41-17 on Thursday night in a preseason game.
The San Francisco 49ers will have a few more starters making their preseason debut in a matchup with the Los Angeles Chargers on Thursday at SoFi Stadium in Inglewood, California.
The San Jose Earthquakes hired Gavin Wilkinson this month to come in as a consultant on roster management to Bruce Arena. It's Wilkinson's past with the Portland Timbers and Thorns that has sparked outrage among some fans.
Joseph Paintsil scored a short-handed goal in the 79th minute to rally the Los Angeles Galaxy to a 1-0 victory over the San Jose Earthquakes.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
A suspect was arrested in a shooting last August in a Fairfield parking lot that left a teen dead, police said on Saturday.
The Amber Alert was issued around 7 a.m. in Alameda and Santa Clara counties, and the CHP deactivated the alert a few hours later, saying she was located.
A shooting at a home in Fremont left one person dead and multiple suspects detained, according to police.
Two employees of a navigation center serving San Francisco's homeless population have been arrested for allegedly harboring a man charged in the shooting of a police officer, the department said.
Users chat with an AI chatbot about what they're looking for, and Ditto handles the rest.
Walmart will let shoppers use tap-to-pay methods, including Apple Pay and Google Pay, beginning later this month.
The Justice Department sued TikTok in 2024, alleging that it violated a U.S. law prohibiting the collection of kids' data.
Consumer advocates are urging the FTC to examine whether AI developers are hurting competition and reducing public access to source material.
One woman is speaking out after she was secretly filmed, saying that technology like Meta's AI-powered smart glasses threatens personal privacy.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
After weeks of uncertainty, students at Richmond's John F. Kennedy High School will start their classes on schedule after weeks after toxic chemicals were found underneath the campus.
Sunnyvale police raided smoke shops across the city and seized thousands of illegal products over the past two months, the city's Department of Public Safety said.
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
In what has become a debate garnering national attention over whether standardized testing should continue to be administered in schools, California legislators are urging the state's public universities to reconsider their policies on SAT and ACT scores.
A group of protesters who blocked San Francisco's Golden Gate Bridge in 2024 to protest Israel's war in Gaza were sentenced on Friday to one month in jail following their convictions on misdemeanor charges last month.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The partial term for California's 14th Congressional District ends January 2027, after which the candidate chosen in the November election will serve the next full term.
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.
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.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
A blues virtuoso and a wayward Southern belle living in the Bay Area are sharing their recipe for comfort and joy.
Becky G spoke exclusively with "CBS Mornings" co-host Gayle King about her rise to fame, being the breadwinner of the family at a young age and her new music.
While Outside Lands in San Francisco was expected to attract a quarter million people to San Francisco, another event in the Bay Area also offered music, food and dancing, but with an island flair.
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.
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.
Some people in West Oakland are encouraged to keep their windows shut overnight as crews are battling a fire at the old trestles near the East Bay Municipal Utility District property.
Da Lin reports on the impact that a bridge closure is having on businesses.
A 33-year-old mother whose children died in a house fire in Richmond earlier this week has died, bringing the fire's death toll up to four.
Here's a look at the weather forecast Saturday evening.
Residents of a San Francisco apartment are worried after they say they were forced out of their place for repairs following a fire.
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.