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.
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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)
With months to go before the midterm election, UC Berkeley Professor Eric Schickler has analyzed a newly released campus poll that reveals promising signs for proponents of the proposed tax on billionaires.
The prep work will take about a year, with actual construction beginning next spring. The $270 million in funding for the extension is already in place, and SMART expects to be pulling into the old Healdsburg station sometime in late 2028.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
The solution proponents hope to put before voters is $1 billion in yearly funding for public transit, through a half-cent sales tax in Alameda, Contra Costa, San Mateo, and Santa Clara Counties, and a one-cent sales tax in San Francisco.
Just before 1:30 p.m., Con Fire said crews were at Bisso Lane due to an accidental spill of organophosphorus, and that, initially, two people had to be taken to the hospital with moderate exposure to the chemicals.
With months to go before the midterm election, UC Berkeley Professor Eric Schickler has analyzed a newly released campus poll that reveals promising signs for proponents of the proposed tax on billionaires.
The prep work will take about a year, with actual construction beginning next spring. The $270 million in funding for the extension is already in place, and SMART expects to be pulling into the old Healdsburg station sometime in late 2028.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
The solution proponents hope to put before voters is $1 billion in yearly funding for public transit, through a half-cent sales tax in Alameda, Contra Costa, San Mateo, and Santa Clara Counties, and a one-cent sales tax in San Francisco.
Just before 1:30 p.m., Con Fire said crews were at Bisso Lane due to an accidental spill of organophosphorus, and that, initially, two people had to be taken to the hospital with moderate exposure to the chemicals.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
The solution proponents hope to put before voters is $1 billion in yearly funding for public transit, through a half-cent sales tax in Alameda, Contra Costa, San Mateo, and Santa Clara Counties, and a one-cent sales tax in San Francisco.
Federal officers conducted an immigration operation inside a terminal at San Francisco International Airport Sunday night, officials confirmed.
A Chevron gas station in Menlo Park was empty on Sunday evening, with prices ranging from $7.49 to $7.89 per gallon.
At a Sunday morning ceremony, they unveiled a lasting tribute to former House Speaker Nancy Pelosi for delivering the funding to power its trains into the future.
With months to go before the midterm election, UC Berkeley Professor Eric Schickler has analyzed a newly released campus poll that reveals promising signs for proponents of the proposed tax on billionaires.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
The solution proponents hope to put before voters is $1 billion in yearly funding for public transit, through a half-cent sales tax in Alameda, Contra Costa, San Mateo, and Santa Clara Counties, and a one-cent sales tax in San Francisco.
Just before 1:30 p.m., Con Fire said crews were at Bisso Lane due to an accidental spill of organophosphorus, and that, initially, two people had to be taken to the hospital with moderate exposure to the chemicals.
A suspect was arrested after a man was found dead inside a Lafayette home on Saturday morning, police said.
A San Jose man has been arrested on suspicion of murder after he allegedly shot his wife inside their home, police said.
A California Highway Patrol helicopter was brought in to rescue a hiker suffering from heat exhaustion at Big Sur over the weekend.
Emotions ran high at a contentious school board meeting Saturday as the San Jose Unified School District weighed a proposal to close five elementary schools at the end of the academic year.
A boy riding an electric bicycle in San Jose died of his injuries after crashing the bicycle, police said.
Santa Clara was seeking its first tournament win since 1996, when future NBA MVP Steve Nash was a senior.
The prep work will take about a year, with actual construction beginning next spring. The $270 million in funding for the extension is already in place, and SMART expects to be pulling into the old Healdsburg station sometime in late 2028.
Sonoma County sheriff's deputies have made an arrest after a woman died following an attack inside a mobile home near Santa Rosa Wednesday evening.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Marcus Ziemer, part of a Bay Area soccer coaching dynasty and longtime Sonoma State University men's soccer team head coach, died in Germany after a weekend accident.
In downtown Santa Rosa, shady spots with a place to sit and rest were commodities. But it was a quiet day for many businesses.
It was a packed house at Sutter Health Park for the fifth battle between the Sacramento River Cats and the San Francisco Giants.
Stephen Curry will begin participating in full team practices in the coming days as he works back from a right knee injury that forced the Golden State Warriors star to miss his 21st straight game at Atlanta.
Stephen Curry will begin participating in full team practices in the coming days as he works back from a right knee injury that forced the Golden State Warriors star to miss his 21st straight game at Atlanta.
Christian Dvorak scored a tiebreaking goal early in the third period and added an assist, Dan Vladar made 24 saves and the Philadelphia Flyers beat the San Jose Sharks 4-1 to complete a three-game West Coast sweep.
Jalen Duren scored 23 points as the Detroit Pistons beat the Golden State Warriors 115-101 in a game missing two of the NBA's biggest stars.
A San Jose man has been arrested on suspicion of murder after he allegedly shot his wife inside their home, police said.
A suspect was arrested after a man was found dead inside a Lafayette home on Saturday morning, police said.
Relatives of a family of four killed in a car crash in San Francisco are angry and disappointed by the sentence handed down to the driver on Friday afternoon.
The community of Foster City on the Peninsula announced that they have been hit by a cybersecurity breach and are planning to declare a state of emergency.
The failure to protect explicit case evidence in Denise Huskins' kidnapping and sexual assault case is driving reform at the State Capitol. New developments exposed a little-known gap in state law that could expose videos of sexual assault victims.
Polymarket tightened its rules after questions surfaced over whether some prediction market customers engaged in insider trading.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
The community of Foster City on the Peninsula announced that they have been hit by a cybersecurity breach and are planning to declare a state of emergency.
A college student who survived a fiery crash involving a Tesla Cybertruck in the San Francisco Bay Area has sued the automaker, alleging the vehicle's design trapped the occupants inside.
A Bay Area gender gap in the tech industry threatens the full participation of women in the future of artificial intelligence.
The early-season heat wave gripping the Bay Area also means the allergy season is already kicking into high gear.
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.
With months to go before the midterm election, UC Berkeley Professor Eric Schickler has analyzed a newly released campus poll that reveals promising signs for proponents of the proposed tax on billionaires.
The prep work will take about a year, with actual construction beginning next spring. The $270 million in funding for the extension is already in place, and SMART expects to be pulling into the old Healdsburg station sometime in late 2028.
The solution proponents hope to put before voters is $1 billion in yearly funding for public transit, through a half-cent sales tax in Alameda, Contra Costa, San Mateo, and Santa Clara Counties, and a one-cent sales tax in San Francisco.
Federal officers conducted an immigration operation inside a terminal at San Francisco International Airport Sunday night, officials confirmed.
A CBS News analysis of Los Angeles County hospice records found indications of fraud are growing. The House Oversight Committee is now investigating.
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.
Through his social media channel, "Festus Feasts," NBA champion Festus Ezeli is on a mission to give a boost to local restaurants throughout the region.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Illuminate, the nonprofit hosting the event, said founder Ben Davis, and the artist behind The Bay Lights, Leo Villareal, will be in attendance and speak ahead of the grand relighting.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
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.
Max Darrow reports on how NBA champion Festus Ezeli is highlighting the local food scene.
Kenny Choi reports on a woman being restrained by immigration officers at a Bay Area airport.
Brad Hamilton reports on the billionaire tax proposal.
Kelsi Thorud reports on a planned rebuild of the Blue Heron Lake boatshed.
John Ramos reports on the SMART commuter rail line extension.
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.