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)
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
Many Asian Americans across the Bay Area are preparing to celebrate Lunar New Year on Feb. 17, ushering in the Year of the Horse.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
Many Asian Americans across the Bay Area are preparing to celebrate Lunar New Year on Feb. 17, ushering in the Year of the Horse.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
A tentative agreement has been reached between the San Francisco Unified School District and the United Educators of San Francisco, both sides announced Friday, ending a teachers' strike that began earlier this week.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
Police in San Francisco announced that a teenage suspect has been arrested in connection with a mass shooting in the Richmond District near Ocean Beach late last year.
Schools in the San Francisco Unified School District will remain closed for a fifth straight day on Friday, as the teachers' strike continues without a labor deal.
Parents held a virtual roundtable to talk about the ongoing strike in the San Francisco Unified School District.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
About 300 pounds of processed marijuana was discovered by San Leandro police, leading to an arrest on Wednesday, authorities said.
A former member of the San Leandro City Council pled guilty in a corruption case that has ties to former Oakland Mayor Sheng Thao, federal prosecutors said.
The Alameda County Sheriff's Office said they received a call from a person claiming to have a firearm around 3:20 Monday morning. When deputies arrived, they say a person exited the home on Selborne Drive and presented an immediate threat to deputies. Two deputies shot at him, and he died from his injuries.
Many Asian Americans across the Bay Area are preparing to celebrate Lunar New Year on Feb. 17, ushering in the Year of the Horse.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
The Cupertino City Council voted 3-2 in favor of a unique affordable housing project that will also reserve units for those with intellectual and developmental disabilities (IDD).
A San Jose shop owner has discovered that for the unhoused, a bicycle isn't just a reliable way of getting around; it can be a lifeline for a fresh start.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Several people were injured after a driver plowed into a grocery store in Santa Rosa on Friday, authorities said.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
One of the suggestions is the complete renovation of the Canal District shoreline, removing about 550 existing homes and raising the land high enough to safely redevelop on top of it. It is projected to cost nearly $2 billion.
A bank employee was among three people arrested in a series of armed home invasion robberies in Marin County of people who had withdrawn large amounts of cash, authorities said.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
Chris Paul made the announcement ahead of the NBA's All-Star weekend at the home of the Los Angeles Clippers in Inglewood.
Ryo Hisatsune is the leader at the AT&T Pebble Beach Pro-Am with a 62 at Pebble Beach.
Tony Vitello walked up the dugout stairs to meet with reporters about 15 minutes later than expected because of a team meeting that went longer than planned.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
About 300 pounds of processed marijuana was discovered by San Leandro police, leading to an arrest on Wednesday, authorities said.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
The family believes the outcome of the trial can lead to significant changes within the social media industry and help other families become even more aware of what they say are deadly devices in the hands of children.
The social media platform changed its privacy policy last month, inviting users to allow it to track their specific location.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
California Gov. Gavin Newsom has taken his anti-Trump routine to Europe.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
California Gov. Gavin Newsom fired back immediately, vowing to take this matter to court. So has Earth Justice, one of the leading environmental law nonprofits in the country.
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.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
After more than two years of renovations, the historic Castro Theatre is back open for business.
The bushes that surrounded global superstar Bad Bunny during his record-breaking Super Bowl halftime performance at Levi's Stadium were indeed people in costume, and three Bay Area friends participated together after answering a vague casting call.
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.
Andrea Nakano reports.
New legislation would end a decades-old requirement that permits be passed down only to family members and instead allow any qualified business to apply.
The Bay Area Black Comedy Competition returns to Oakland after the event was paused mid-competition in 2020 due to the COVID-19 pandemic.
Festivities to celebrate the Vietnamese New Year and the Year of the Horse have kicked off in San Jose. Da Lin reports.
Mayor Daniel Lurie is denying he asked PG&E to restore power to the San Francisco Opera House during the December outage during a time when his daughter was to perform at the venue. Lauren Toms reports.
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.