Here are the credit products already cheaper after the Fed's rate cut
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
Watch CBS News
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.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
As guaranteed in the 14th Amendment, citizenship is granted to "all persons born or naturalized in the United States." But an executive order signed by President Trump seeks to deny birthright citizenship to children born of parents in the country illegally or temporarily.
Jackie Young scored 21 points and A'Ja Wilson added 19 points and nine rebounds to help the Las Vegas Aces cruise to a 92-73 victory over the Golden State Valkyries on Sunday.
As World Cup fever builds toward a July 1 match in Santa Clara, one Milpitas family is already three generations deep in soccer love.
Max Meyer allowed two runs in five innings to win his eighth consecutive decision to start the season and Heriberto Hernández homered as the Miami Marlins beat the San Francisco Giants 6-3 for their seventh straight home victory.
San Francisco celebrated the Juneteenth holiday with a parade and festival along Market Street Saturday morning.
As guaranteed in the 14th Amendment, citizenship is granted to "all persons born or naturalized in the United States." But an executive order signed by President Trump seeks to deny birthright citizenship to children born of parents in the country illegally or temporarily.
Jackie Young scored 21 points and A'Ja Wilson added 19 points and nine rebounds to help the Las Vegas Aces cruise to a 92-73 victory over the Golden State Valkyries on Sunday.
As World Cup fever builds toward a July 1 match in Santa Clara, one Milpitas family is already three generations deep in soccer love.
Max Meyer allowed two runs in five innings to win his eighth consecutive decision to start the season and Heriberto Hernández homered as the Miami Marlins beat the San Francisco Giants 6-3 for their seventh straight home victory.
San Francisco celebrated the Juneteenth holiday with a parade and festival along Market Street Saturday morning.
San Francisco celebrated the Juneteenth holiday with a parade and festival along Market Street Saturday morning.
The deaths of San Francisco arts patrons Judith and Wylie Sheldon are under investigation. Judith was the daughter of Oscar-winning director William Wyler.
A woman and young child were hospitalized following a rescue off Baker Beach in San Francisco on Thursday after they were swept into the ocean.
A man was charged with a homophobic vandalism along with assault and hit-and-run in an attack in San Francisco's Castro District last month, authorities said.
The San Francisco Police Department said an audit of its network of automated license plate reader cameras shows it was improperly accessed by outside agencies.
A search for a suspect wanted in connection with an attempted kidnapping near the Hayward DMV on Friday is underway.
An brush fire in Hayward on Friday afternoon burned some 25 acres before firefighters stopped its progress, authorities said.
Earlier this week, T'Chaka had its door smashed, leaving pieces of glass scattered on the dining room floor. But it didn't take long for the community to respond and help a local business.
A man arrested after a fire at a Berkeley animal shelter was charged with felony arson on Wednesday along with other charges, prosecutors said.
A Contra Costa County Sheriff's deputy has been arrested on multiple felony charges, the Sheriff's Office announced on Wednesday.
As World Cup fever builds toward a July 1 match in Santa Clara, one Milpitas family is already three generations deep in soccer love.
A man was charged with homicide Wednesday after a high-speed police chase that began in Santa Clara and ended in a fatal crash in San Jose, authorities said.
The lawsuit alleges unlawful euthanasia practices, poor animal care and violations of public records laws at the San Jose's animal shelter.
A Peninsula pastor is one of the first in the Bay Area to help provide a safe place for them while they search for housing in expensive Silicon Valley.
A woman died Monday after being stabbed in San Jose home and a man who knew her was arrested in connection with the killing, police said.
A former officer for the California Department of Corrections and Rehabilitation was convicted of child sex crimes in Napa involving three family members after an eight-day trial, prosecutors announced Thursday.
A vehicie struck and killed an elderly pedestrian in Fairfax earlier this week, authorities said.
Around 12:30 p.m., an officer patrolling near the Novato Fair shopping center spotted a man he believed was acting erratically and may be under the influence of drugs, police said.
A deer fawn was rescued on Wednesday from an outdoor wire dog crate at a Sonoma County home, authorities said.
A mountain biker who was injured in a remote Sonoma County trail Wednesday morning was airlifted to safety following a multi-agency rescue, authorities said.
Jackie Young scored 21 points and A'Ja Wilson added 19 points and nine rebounds to help the Las Vegas Aces cruise to a 92-73 victory over the Golden State Valkyries on Sunday.
Max Meyer allowed two runs in five innings to win his eighth consecutive decision to start the season and Heriberto Hernández homered as the Miami Marlins beat the San Francisco Giants 6-3 for their seventh straight home victory.
In front of a roaring Seattle crowd, the U.S. men's soccer team on Friday defeated Australia in its second World Cup match, clinching a spot in the Round of 32 in the process.
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.
A search for a suspect wanted in connection with an attempted kidnapping near the Hayward DMV on Friday is underway.
A man was charged with homicide Wednesday after a high-speed police chase that began in Santa Clara and ended in a fatal crash in San Jose, authorities said.
A former officer for the California Department of Corrections and Rehabilitation was convicted of child sex crimes in Napa involving three family members after an eight-day trial, prosecutors announced Thursday.
A man was charged with a homophobic vandalism along with assault and hit-and-run in an attack in San Francisco's Castro District last month, authorities said.
The San Francisco Police Department said an audit of its network of automated license plate reader cameras shows it was improperly accessed by outside agencies.
The recall follows multiple incidents in which Waymo robotaxis drove past ramp-closure signs and into freeway construction zones.
U.K. Prime Minister Keir Starmer hopes to have a ban on kids using social media that is "designed to be addictive" enacted by early next year.
A woman has been found guilty of trespassing and other charges for her role in a protest outside the San Francisco headquarters of OpenAI last year, prosecutors said.
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Meta pledged to invest $115 million to train electricians, plumbers and other workers needed to operate data centers.
A Bay Area cancer patient is making more memories and living longer than his initial diagnosis thanks to a groundbreaking treatment for his particularly aggressive form of brain cancer.
Health officials in the San Francisco Bay Area issued a warning about a potential measles exposure after an infected resident traveled through San Francisco International Airport and local businesses.
Health officials in Berkeley said one person died and another person was hospitalized after contracting leptospirosis from rats that had infested their RV.
Grocery sales at two Target stores in San Jose were halted over the past week, after health inspectors found evidence of rodent infestations.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The federal government awarded a company owned by a Trump donor $1.7 million to install a new water cleaning system for the Lincoln Memorial Reflecting Pool, records show.
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.
President Trump and Prime Minister Giorgia Meloni traded criticism on Saturday after Italy canceled its envoy's visit to the U.S.
The Justice Department says it's released "every document required by the Epstein Files Transparency Act," but CBS News has identified numerous gaps.
President Trump's efforts to spruce up the Lincoln Memorial Reflecting Pool faced a snag this week, with algae turning the water green while rips appeared in an "American Flag Blue" surface picked by the president.
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.
In one of the most competitive real estate markets in America, a San Francisco real estate agent dons fabulous drag to help promote homes for sale. Itay Hod reports.
The U.S. Department of Justice has launched an investigation into four California school districts over policies pertaining to the instruction of gender and sexual orientation.
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Lionel Messi tied the Men's World Cup goals record with his first World Cup hat trick as Argentina topped Algeria.
Luke Skywalker's lightsaber from the "Star Wars" sequel "The Empire Strikes Back" is expected to sell for at least $1 million at an upcoming auction.
Rio de Janeiro's Military Fire Department said one of the helicopters crashed in the parking lot of a car dealership, where several electric vehicles were parked, igniting a fire.
With matches being played in 11 cities across the U.S., Mexico and Canada, fans are getting three World Cup opening ceremonies.
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 Jennifer McDermed
As World Cup fever builds toward a July 1 match in Santa Clara, one Milpitas family is already three generations deep in soccer love.
Here's a look at the weather forecast Saturday afternoon.
San Francisco celebrated the Juneteenth holiday with a parade and festival along Market Street Saturday morning.
with Jennifer McDermed
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.