DraftKings hopes to score big with new prediction markets app
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
Watch CBS News
Sports betting companies face mounting competition from rapidly growing prediction markets such as Kalshi and Polymarket.
With open enrollment starting soon, employees could get sticker shock, with their costs expected to rise 6% to 7% for 2026, a new study says.
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.
As Trump claims the U.K. Labour Party is meddling in the U.S. election, CBS News takes stock of foreign agent political donations, and who's behind them.
A Bankrate survey found that one-third of Americans say they're living paycheck to paycheck and have little money for savings.
CBS News Business Analyst Jill Schlesinger joins to discuss where the numbers are at and how Summer is the best time to examine your finances for ways to save. For more analysis, go to www.jillonmoney.com. (06-25-2024) 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 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.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
A Vietnam court sentenced developer Truong My Lan to death for swindling billions from a bank, saying she "eroded people's trust" in the ruling Communist Party.
CBS News business analyst Jill Schlesinger breaks down governments the report on personal income and spending. For more analysis, go to www.jillonmoney.com. (02-29-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/
The U.S. economy ended 2023 with stronger than expected growth, the Commerce Department reported Thursday. However, it's been a tale of two economies for many Americans. Nikki Battiste explains.
In the final 3 months of 2023, Netflix increased its subscriber growth by 13.1 million.
José Martínez spoke with a would-be homebuyer in Daly City who's struggling to find a place she can afford. (10-20-23)
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.
China's yuan is at a 16-year low and the country appears to be experiencing deflation. Economists say these are signs China could be facing an extended economic downturn. CBS News' Lana Zak has more on what caused this crisis.
More companies -- especially venture capital firms -- have been moving from downtown and other areas and establishing their footprint in the Presidio.
A new survey finds that far fewer Americans are moving for work -- just 1.6% of job seekers moved in the first quarter of 2023, compared to 45% in 1986. CBS MoneyWatch associate managing editor Irina Ivanova explains the possible reasons behind the shift.
Shares of PacWest fell Thursday after the LA-based bank announced it was considering strategic options that included a sale of the bank. Elizabeth Cook reports. (5-4-23)
San Francisco-based First Republic Bank is on the verge of collapse and could even be seized by federal regulators as soon as the weekend. Max Darrow reports. (4-28-23)
The Federal Deposit Insurance Corporation is set to seize control of First Republic Bank, according to multiple reports.
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
The president called on Congress to give regulators more authority to impose penalties on senior executives who may have mismanaged finances at banking institutions. (3-17-23)
The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money.
Suddenly-shuttered Silicon Valley Bank was the bank of choice for many tech companies and not having access to cash represents an existential crisis for them. Devin Fehely reports. (3-11-23)
The second biggest bank failure in American history is happening right now in the heart of California's tech mecca. Betty Yu reports. (3-10-23)
State correctional officials said an inmate at Pelican Bay State Prison from Monterey County died Monday in an apparent homicide.
President Trump will issue an executive order to remove Anthropic's AI technology from agencies across the executive branch, sources familiar with the matter tell CBS News.
Teachers in the Dublin Unified School District took to the picket lines on Tuesday as a strike enters its second day.
Authorities in the South Bay have arrested two people in connection with the deadly shooting of a young mother in Sunnyvale, including the victim's former partner, police said.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
State correctional officials said an inmate at Pelican Bay State Prison from Monterey County died Monday in an apparent homicide.
President Trump will issue an executive order to remove Anthropic's AI technology from agencies across the executive branch, sources familiar with the matter tell CBS News.
Teachers in the Dublin Unified School District took to the picket lines on Tuesday as a strike enters its second day.
Authorities in the South Bay have arrested two people in connection with the deadly shooting of a young mother in Sunnyvale, including the victim's former partner, police said.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
The owner of an Oakland trucking company says the cost of diesel for delivery trucks and the bunker fuel that powers container ships is going up so fast that goods already enroute are increasing in cost as they make their way to the US.
San Francisco District Attorney Brooke Jenkins said there was no proof of a connection between the men and that they believe the attack was random. The suspect remains in custody.
He advises people to lie down, extend their arms, and hold the phones above their heads, or people should hold their phone at eye level, rather than looking down.
The suspect will face charges of resisting an executive officer, causing great bodily injury, assault of a police officer, contempt of a court order, and unauthorized lodging, the DA said.
Crews have begun clearing debris from the site, which will become a 14-story building designed to provide affordable apartments specifically for artists, along with space for live creative performances.
Teachers in the Dublin Unified School District took to the picket lines on Tuesday as a strike enters its second day.
According to police, since Dec. 13, they have received six reports of someone entering people's yards in East Oakland, peering into occupied homes and engaging in inappropriate behavior.
Dublin teachers began striking on Monday morning after late negotiations on Sunday with the school district failed to reach an agreement.
The school has canceled classes on Monday in Ms. Bobo's honor and to help the tight-knit community process the tragedy.
The city said there was no evidence of community-spread or of an outbreak, and that the health advisory was issued to give health care providers guidance.
State correctional officials said an inmate at Pelican Bay State Prison from Monterey County died Monday in an apparent homicide.
Authorities in the South Bay have arrested two people in connection with the deadly shooting of a young mother in Sunnyvale, including the victim's former partner, police said.
The Valley Christian High School team, called Wildfire Quest, in San Jose, is a finalist in the $11 million global XPRIZE Foundation Wildfire competition, competing against the top AI and defense innovators.
A teacher aide on California's Central Coast was arrested for allegedly abusing a nonverbal special needs student by striking the teen with a stick, police said.
Two vehicles traveling on Highway 101 in Sunnyvale were damaged after a tall tree fell onto the freeway Thursday afternoon, authorities said.
A parade of vintage Army vehicles passed by Dick Sharp's home in Windsor, a salute to wish him a happy birthday. He recalled the years following the war as "the best of times," when education was readily available, and opportunities were everywhere.
Neighbors are worried that at some point, that system will get too costly to keep up. The timetable for returning to normal isn't clear either.
A group of women came together in Sonoma County in 1980 to establish Women's History Week. That set the groundwork for what would ultimately become Women's History Month, still celebrated nationwide today.
A man suspected of multiple bank robberies in the North Bay was arrested Thursday in a multi-agency operation, authorities said.
A Santa Rosa man will likely spend the rest of his life in prison after being convicted in a shooting at a shopping center in 2024, prosecutors said.
Sash Gavalyugov scored 23 points including a back-breaking 3-pointer to lead Santa Clara to a 76-71 victory over No. 21 Saint Mary's in the semifinals of the West Coast Conference Tournament to take a big step toward making the Big Dance.
The San Francisco 49ers agreed to a four-year, $17 million contract with kicker Eddy Pineiro to keep him off the free agent market next week.
Oksana Masters has competed at every Paralympics since 2012 and is the most decorated American Winter Paralympian.
The San Jose Sharks signed goalie Alex Nedeljkovic to a two-year, $6 million contract extension before the trade deadline.
Brandon Podziemski had 26 points, De'Anthony Melton added 23 and the short-handed Golden State Warriors outlasted the Houston Rockets 115-113 in overtime Thursday night.
State correctional officials said an inmate at Pelican Bay State Prison from Monterey County died Monday in an apparent homicide.
Authorities in the South Bay have arrested two people in connection with the deadly shooting of a young mother in Sunnyvale, including the victim's former partner, police said.
According to police, since Dec. 13, they have received six reports of someone entering people's yards in East Oakland, peering into occupied homes and engaging in inappropriate behavior.
San Francisco District Attorney Brooke Jenkins said there was no proof of a connection between the men and that they believe the attack was random. The suspect remains in custody.
The suspect will face charges of resisting an executive officer, causing great bodily injury, assault of a police officer, contempt of a court order, and unauthorized lodging, the DA said.
Artificial intelligence can give some workers "brain fry" if overused, according to a new study published in Harvard Business Review.
The Valley Christian High School team, called Wildfire Quest, in San Jose, is a finalist in the $11 million global XPRIZE Foundation Wildfire competition, competing against the top AI and defense innovators.
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
At the meeting, Waymo said there are about 70 dispatchers at a call center in the Philippines to assist cars in the company's global fleet that require human intervention. But on the night of Dec 20, they said the system was simply overwhelmed.
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
He advises people to lie down, extend their arms, and hold the phones above their heads, or people should hold their phone at eye level, rather than looking down.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The city said there was no evidence of community-spread or of an outbreak, and that the health advisory was issued to give health care providers guidance.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
President Trump will issue an executive order to remove Anthropic's AI technology from agencies across the executive branch, sources familiar with the matter tell CBS News.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
Two Democrats with potential presidential ambitions — Govs. Gavin Newsom and Andy Beshear — are weighing in on the U.S.-Iran war and criticizing President Trump's strategy, as the conflict overtakes the foreign policy debate.
CBS News California obtained a sworn declaration from Swalwell's landlord supporting his California residency claims, amid concerns that Tom Steyer's petition questioning his eligibility to run for governor publicly exposed Swalwell's home address.
President Trump told CBS News the U.S. war with Iran is "very complete," and said the U.S. "could do a lot" about the Strait of Hormuz.
A man has been arrested and accused of a hate crime after a San Francisco church was vandalized over the weekend, police said.
A Yosemite park ranger was fired last year after helping to display a transgender pride flag from El Capitan.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
The Chinese New Year Parade took place Saturday in San Francisco and was free to attend for the public.
Friday, March 6, marks 100 years since the historic location opened its doors, but they'll be celebrating a little early with free movies on Wednesday.
Along with the "True Lies" co-stars, the California Hall of Fame's new inductees will include Olympians Carl Lewis and Janet Evans and Mariachi Reyna de Los Ángeles.
The design process for the floats began in November, with a crew of nearly 30 people working to put the final product together.
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.
After a chilly start, expect clear skies Tuesday, withy highs in the 60s and 70s. By this weekend, expect highs to approach 80. Jessica Burch has the forecast.
Amanda Hari reports on the stabbing that happened in Chinatown. The San Francisco DA said the stabbing is believed to have been a random attack.
Sooji Nam reports on a chiropractor who is warning that he is seeing "text neck" and pre-arthritis symptoms in increasingly younger people.
Kenny Choi reports on a teacher who was killed in Oakland and how she is being remembered by her students. 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
Scott Rates reports on a fire that displaced dozens of Monterey residents. 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
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.