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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.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse.
Americans are still spending as inflation has finally shown signs of cooling. Still, there are some troubling economic signs. Mark Strassmann breaks it all down.
With inflation finally falling from last year's record highs, the Federal Reserve declined to raise key interest rates for the first time in 15 months. Natalie Brand reports on how the move will affect consumers and whether we could see more rate hikes in the future.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
Credit card debt among Americans is nearing the trillion-dollar mark. And with the recent interest rate hike, Americans can look forward to higher interest rates. Tanya Rivero has the latest.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history.
After last week's collapse of Silicon Valley Bank, President Joe Biden urged calm and said there would be accountability. Meanwhile, account holders lined up at bank headquarters to withdraw their money after the federal government guaranteed deposits. Nicole D'Antonio and Devin Fehely reports. (3/13/23)
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
When 33-year-old Cole Skinner said he would be dropping by his workplace, he meant it literally.
Berkeley police arrested three men — one who allegedly held a gun to the head of a 2-year-old — on May 1 for allegedly robbing a person.
Michael Conforto homered and singled in a six-run second inning that sent the San Francisco Giants past the struggling Colorado Rockies 8-6.
A San Francisco man said he's being stalked and is the target of extremely hateful racist attacks — A doll with a noose was even delivered to his front door.
The story of a Bay Area Chinese-American girl who took the San Francisco school board to the Supreme Court in 1885 was recently published thanks to a retired attorney.
When 33-year-old Cole Skinner said he would be dropping by his workplace, he meant it literally.
Berkeley police arrested three men — one who allegedly held a gun to the head of a 2-year-old — on May 1 for allegedly robbing a person.
Michael Conforto homered and singled in a six-run second inning that sent the San Francisco Giants past the struggling Colorado Rockies 8-6.
A San Francisco man said he's being stalked and is the target of extremely hateful racist attacks — A doll with a noose was even delivered to his front door.
The story of a Bay Area Chinese-American girl who took the San Francisco school board to the Supreme Court in 1885 was recently published thanks to a retired attorney.
Michael Conforto homered and singled in a six-run second inning that sent the San Francisco Giants past the struggling Colorado Rockies 8-6.
A San Francisco man said he's being stalked and is the target of extremely hateful racist attacks — A doll with a noose was even delivered to his front door.
The story of a Bay Area Chinese-American girl who took the San Francisco school board to the Supreme Court in 1885 was recently published thanks to a retired attorney.
A Pacifica woman is being recognized for leading an annual ocean education program at a coastal school for over 30 years.
The San Mateo County Sheriff's Office is seeking the public's help in finding a bicyclist who knocked over and then robbed a pedestrian in North Fair Oaks.
Berkeley police arrested three men — one who allegedly held a gun to the head of a 2-year-old — on May 1 for allegedly robbing a person.
It was a day years in the making for Lighthouse Community Charter School seniors.
Shea Langeliers hit a two-run homer on his way to a career-high five RBIs in the first game of a doubleheader and drove in another three runs in Game 2 as the Oakland Athletics split the two games with the Rangers.
The Berkeley Unified School District came under the microscope on Wednesday, as its superintendent was questioned by a Congressional committee.
Police in Oakland have made an arrest in a shooting death over the weekend, the department said Wednesday.
Former Bay Area Congressman Paul "Pete" McCloskey died Wednesday of congestive heart failure at his home in Winters, California.
A San Jose Fire Department hazardous materials team responded to a San Jose middle school classroom after students reported being overcome by an unknown substance.
Three men from the East Bay have been arrested on suspicion of homicide in connection with a deadly shooting in East San Jose late last year, police announced Wednesday.
Sunnyvale officers made an arrest in the death of a man who was found shot inside his vehicle.
The San Jose Sharks are slated to pick first in the upcoming NHL Draft, following a lottery held by league officials Tuesday night.
The Napa Valley wine industry produced nearly $1 billion worth of wine grapes in 2023, but the industry is changing and demand may be plateauing.
Santa Rosa police released a photo of a vehicle wanted in connection to a hit-and-run that severely injured a motorcyclist.
Authorities on Tuesday said the shooting suspect who led police and CHP on a chase across the Bay Area, followed by an hours-long standoff on Interstate Highway 80 in Fairfield that ended with the man shooting himself, remains in critical condition.
A former guard at California State Prison, Solano has been indicted on multiple felony counts after he allegedly smuggled items into the facility, including weapons, phones and drugs, authorities said.
The second annual Mill Valley Music Festival brings an eclectic array of talent to Marin County with performances by alt-folk band Fleet Foxes, modern roots-music masters Greensky Bluegrass, SoCal R&B band Thee Sacred Souls and more.
Michael Conforto homered and singled in a six-run second inning that sent the San Francisco Giants past the struggling Colorado Rockies 8-6.
Shea Langeliers hit a two-run homer on his way to a career-high five RBIs in the first game of a doubleheader and drove in another three runs in Game 2 as the Oakland Athletics split the two games with the Rangers.
Ippei Mizuhara, 39, of Newport Beach, has agreed to plead guilty to one count of bank fraud, which carries a maximum sentence of 30 years in federal prison, and one count of subscribing to a false tax return, which carries a sentence of up to three years in federal prison.
The Oakland Ballers have put in a lot of work to make their home field at Raimondi Park suitable for professional baseball when the first game is played there in just under a month.
The San Jose Sharks are slated to pick first in the upcoming NHL Draft, following a lottery held by league officials Tuesday night.
Berkeley police arrested three men — one who allegedly held a gun to the head of a 2-year-old — on May 1 for allegedly robbing a person.
A San Francisco man said he's being stalked and is the target of extremely hateful racist attacks — A doll with a noose was even delivered to his front door.
Police in Oakland have made an arrest in a shooting death over the weekend, the department said Wednesday.
Police in Fremont announced one suspect was arrested and another one remains at large following the thefts of two high-end Porsche sports cars from a dealership last month.
Santa Rosa police released a photo of a vehicle wanted in connection to a hit-and-run that severely injured a motorcyclist.
The annual RSA Conference, attended by cybersecurity experts and entrepreneurs, once again saw over 40,000 people from 130 countries gather at the Moscone Center.
The judge in Elon Musk's lawsuit against the co-founders of ChatGPT parent OpenAI on Monday entered a two-paragraph order disqualifying himself from continuing to preside.
Apple on Tuesday unveiled its next generation of iPad Pros and Airs — lineups that will boast faster processors, new sizes and a new display system.
The lawsuit claims that the measure, signed into law by President Biden, is unconstitutional.
The government and Google are making their closing arguments in a high-stakes antitrust trial to a federal judge in Washington who must now decide whether the tech giant's search engine constitutes an illegal monopoly.
Officials with the California Department of Public Health issued a warning Wednesday to consumers seeking Botox injections and to healthcare providers, saying counterfeit Botox has been found in multiple states.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Across the Bay Area, communities are looking for ways to deal with mental health crises without involving police. Antioch created it's own private crisis response team, and after 12 months the city's mayor says results have been positive.
Recall includes yogurt pretzels and other confections sold by retailers such as Dollar General, HyVee, Target and Walmart.
Steward Health Care, the struggling hospital group that owns hospitals in Massachusetts, Texas, Florida and other states, announced Monday that it is filing for bankruptcy.
The story of a Bay Area Chinese-American girl who took the San Francisco school board to the Supreme Court in 1885 was recently published thanks to a retired attorney.
The Berkeley Unified School District came under the microscope on Wednesday, as its superintendent was questioned by a Congressional committee.
Former Bay Area Congressman Paul "Pete" McCloskey died Wednesday of congestive heart failure at his home in Winters, California.
The city of Oakland is facing a $2.6 million payout after a jury found that city officials failed to protect an employee from years of sexual harassment.
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
A Northern California school district is being sued by the state over allegations the district failed to carry out corrective actions in a controversial gender notification policy adopted last summer.
More than a third of LGBTQ young people seriously considered suicide in the past year, the survey found.
One of San Francisco's oldest LGBTQ bars, on Saturday the Stud re-opened it's doors for the first time in four years at a new location.
A California judge has tentatively sided with state Attorney General Rob Bonta in a dispute over the title of a proposed ballot measure that would require school staff to notify parents if their child asks to change gender identification at schools.
On Friday morning, a special ceremony held on board the USNS Harvey Milk paid homage to the San Francisco gay rights icon who is its namesake.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
The second annual Mill Valley Music Festival brings an eclectic array of talent to Marin County with performances by alt-folk band Fleet Foxes, modern roots-music masters Greensky Bluegrass, SoCal R&B band Thee Sacred Souls and more.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
Kendrick Lamar and Drake have each released several ruthless diss tracks against each other, with Kendrick alleging Drake has a secret daughter and making other disturbing accusations.
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.
Itay Hod reports on smokejumpers: an elite group of firefighters who parachute into wildfires. 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
Andrea Nakano reports on a San Francisco man who says he has been the target of racist threats. 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
Juliette Goodrich reports on the death of former Bay Area Congressman "Pete" McCloskey. 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 Bay Area evening headlines for Wednesday, May 8, 2024. Watch full newscasts streamed at the CBS SF website or on the app. 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
Wilson Walker reports on the California wine industry. 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
A Pacifica woman is being recognized for leading an annual ocean education program at a coastal school for over 30 years.
A San Francisco native is helping keep alive the city's historic Japantown, one of only three left in the U.S.
A Redwood City man changed his career path - from running Stanford's Digital Language Lab to going to beauty school - so he could serve his community in a way that's more meaningful to him.
A San Francisco-based nonprofit created by this week's Jefferson Award winner helps low income and unsheltered people stay healthy and feel good about themselves.
A trio who's led the way in keeping San Mateo County beaches clean is launching a whale of an idea for Earth Day.
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.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.
Police departments all over the country are having a hard time finding new officers, but one Bay Area student is criss-crossing the world while preparing for a career in law enforcement here at home.
When most people graduate from college, they tend to focus on one job. But this month's Students Rising Above scholar is currently juggling multiple workplace assignments.