Home sales slowed to a crawl in 2023. Here's why.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
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The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
CBS Business Analyst Jill Schlesinger speaks with Nicole Zaloumis about where the U.S. stands on inflation carrying into the new year and if people can expect to see a drop in prices. For more analysis, go to www.jillonmoney.com. (01-11-2024)
Homeowners across the Bay Area have seen their power bills climbing, but the latest request for an increase will reach a historic milestone -- more than $300 for the average monthly PG&E bill.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
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.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
U.S. consumer inflation moderated in November, illustrating a further cooling of most costs and bolstering the Federal Reserve's strategy of maintaining higher interest rates for now. Jill Schleshinger reports.
Many feel worse off than their parents' generation as income isn't keeping up.
After more than two years of price hikes, consumers are finally getting breaks on some items. That could help push inflation closer to 2%.
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
Despite falling inflation and near-record employment, polls and surveys show that most Americans hold a glum view of the economy.
President Joe Biden has made America's case to CEOs attending the Asia-Pacific summit in San Francisco that the United States is committed to high standards in trade that will benefit economies across the Pacific.
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.
Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve's interest rate hikes have continued to slow price increases. Interview with CBS News business analyst Jill Schlesinger.
Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The chair of the Federal Trade Commission has defended her aggressive legal strategy toward the country's biggest technology companies as she appeared before the House Judiciary Committee.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
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.
Though still high, the price of gas is down significantly from what it was a year ago. The national average for a gallon of regular Saturday was $3.58, according to AAA. This time last year, it was more than $5. Michael George has more.
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.
Hotter, drier weather is already wreaking havoc on European crops, and is predicted to boost food prices in the U.S.
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
Tommy and May Chin Tong launched the Golden Star Radio Company and began producing "The Chinese Hour" from their basement studio in 1939. It's believed to be the first Chinese-language radio program in North America.
The Napa Planning Commission recently directed city staff to move forward with restrictions on new and expanded drive-thru facilities. Existing drive-thrus, like the Napa In-N-Out and McDonald's, would remain.
Half Moon Bay has had unique challenges when it comes to creating more homes, and now it looks like just about everyone is digging in their heels when it comes to housing.
Around 11 a.m., NWS Bay Area said a heat advisory would be in effect until 9 p.m. for all of the Bay Area except the immediate Pacific Coast zones and San Francisco.
California Gov. Gavin Newsom has retained prominent Washington defense attorney Abbe Lowell as the U.S. Department of Justice continues a federal investigation involving the governor's wife and several people in his political orbit.
Tommy and May Chin Tong launched the Golden Star Radio Company and began producing "The Chinese Hour" from their basement studio in 1939. It's believed to be the first Chinese-language radio program in North America.
The Napa Planning Commission recently directed city staff to move forward with restrictions on new and expanded drive-thru facilities. Existing drive-thrus, like the Napa In-N-Out and McDonald's, would remain.
Half Moon Bay has had unique challenges when it comes to creating more homes, and now it looks like just about everyone is digging in their heels when it comes to housing.
Around 11 a.m., NWS Bay Area said a heat advisory would be in effect until 9 p.m. for all of the Bay Area except the immediate Pacific Coast zones and San Francisco.
California Gov. Gavin Newsom has retained prominent Washington defense attorney Abbe Lowell as the U.S. Department of Justice continues a federal investigation involving the governor's wife and several people in his political orbit.
Tommy and May Chin Tong launched the Golden Star Radio Company and began producing "The Chinese Hour" from their basement studio in 1939. It's believed to be the first Chinese-language radio program in North America.
Half Moon Bay has had unique challenges when it comes to creating more homes, and now it looks like just about everyone is digging in their heels when it comes to housing.
A suspect who fled the country after a fatal hit-and-run collision in South San Francisco in 2017 was arrested in Israel and extradited to the U.S., authorities said.
Kiki Iriafen had 23 points and 12 rebounds, Shakira Austin finished with 15 points and 15 rebounds, and the Washington Mystics rallied past Golden State for a 90-82 victory Monday night to snap the Valkyries' nine-game winning streak.
A man wanted in a San Jose felony case was arrested on Saturday in San Bruno after a short police chase on foot, authorities said.
Around 11 a.m., NWS Bay Area said a heat advisory would be in effect until 9 p.m. for all of the Bay Area except the immediate Pacific Coast zones and San Francisco.
A brush fire in Alameda County quickly grew on Tuesday afternoon and prompted evacuation orders in Pleasanton and Sunol, Cal Fire said.
A Honduran national convicted in connection with drug sales in East Oakland and San Francisco's Tenderloin has been sentenced to more than a decade in federal prison, prosecutors said.
A data center project in Pittsburg is causing a revolt at city council meetings, with residents again packing the city council chambers on Monday to voice their opposition.
Officers in Antioch arrested four people and seized drugs and weapons after finding a vehicle with multiple bullet holes over the weekend.
Around 11 a.m., NWS Bay Area said a heat advisory would be in effect until 9 p.m. for all of the Bay Area except the immediate Pacific Coast zones and San Francisco.
The fire began burning near Highway 152 and Lovers Lane in Santa Clara County, and Cal Fire's incident page stated it had burned 30 acres as of 5:40 p.m.
A man was arrested for murder after a woman was found dead inside her San Jose home last week, police said Tuesday.
A man was arrested on Sunday morning after he allegedly broke into a Palo Alto home and locked himself in a bathroom, police said Tuesday.
Six people, including four juveniles as young as 15-years-old, have been arrested in connection with a string of armed robberies in the city of San Jose in May, police said.
The Napa Planning Commission recently directed city staff to move forward with restrictions on new and expanded drive-thru facilities. Existing drive-thrus, like the Napa In-N-Out and McDonald's, would remain.
A man suspected in a carjacking died following a shootout with officers in Vallejo Monday afternoon, police said.
A shooting was reported in Vallejo on Monday afternoon, and police activity was concentrated in a portion of the city's north side.
The Sausalito City Council had recently approved a leave of absence for its city manager during a closed session on Thursday, the city said.
A proposed housing development at the former Windsor Creek Elementary site is sparking debate among residents, with supporters pointing to the need for more affordable housing and some raising concerns about traffic, infrastructure and wildfire evacuation.
Kiki Iriafen had 23 points and 12 rebounds, Shakira Austin finished with 15 points and 15 rebounds, and the Washington Mystics rallied past Golden State for a 90-82 victory Monday night to snap the Valkyries' nine-game winning streak.
As Spain's World Cup champs took to the stage with their trophy, President Trump joined them in their moment of glory.
Logan Gilbert had 10 strikeouts across six strong innings, Luke Raley and Cole Young homered, and the Seattle Mariners beat the San Francisco Giants 6-3.
Spain is the newest World Cup champion, but San Jose can claim success as well, as the excitement of its San Pedro Square watch parties created a whole new legion of soccer fans in the Bay Area.
Spain dominated the match, outshooting Argentina 20-3, but couldn't manage a goal in regulation — finally scoring in the second period of extra time.
A mistrial was declared Tuesday in the trial of two men accused in Sacramento's 2022 K Street mass shooting after jurors failed to reach a verdict.
A Honduran national convicted in connection with drug sales in East Oakland and San Francisco's Tenderloin has been sentenced to more than a decade in federal prison, prosecutors said.
A suspect who fled the country after a fatal hit-and-run collision in South San Francisco in 2017 was arrested in Israel and extradited to the U.S., authorities said.
Authorities in Santa Cruz County have arrested a man suspected of fatally stabbing an elderly woman inside a mall, in what police described as a random act of violence.
A man was arrested for murder after a woman was found dead inside her San Jose home last week, police said Tuesday.
A data center project in Pittsburg is causing a revolt at city council meetings, with residents again packing the city council chambers on Monday to voice their opposition.
An AI expert said the telltale signs people once relied on, such as distorted fingers, unnatural eyes, or other obvious visual flaws, have largely disappeared as technology has improved.
San Francisco Mayor Daniel Lurie is calling on California transportation officials to strengthen regulations governing self-driving vehicles, arguing that two recent incidents exposed gaps in how robotaxis operate during major emergencies and large public events.
A group of 26 Meta employees has sued the company, claiming it used AI to choose people for layoffs, disproportionately targeting those on medical, parental or family leave.
Privacy advocates warn of a "dragnet" while some customers say retail theft has gone too far.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A Monterey County company is now at the center of a nationwide cyclosporiasis outbreak. The Washington Post is reporting that lettuce from Taylor Farms, a company headquartered in Salinas, may have supplied contaminated lettuce to Taco Bell.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
While there are a few Californians sick with cyclosporiasis, there aren't any known local outbreaks right now, and none linked to the national outbreak, state health officials say.
The Napa Planning Commission recently directed city staff to move forward with restrictions on new and expanded drive-thru facilities. Existing drive-thrus, like the Napa In-N-Out and McDonald's, would remain.
California Gov. Gavin Newsom has retained prominent Washington defense attorney Abbe Lowell as the U.S. Department of Justice continues a federal investigation involving the governor's wife and several people in his political orbit.
Health and Human Services Secretary Robert F. Kennedy Jr. said his agency is pausing $867.5 million in Medicaid payments to California and $199 million to Minnesota.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
The Sausalito City Council had recently approved a leave of absence for its city manager during a closed session on Thursday, the city said.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
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.
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
The San Francisco Board of Supervisors on Tuesday approved an ordinance that would allow for Amsterdam-style cannabis cafés serving food and drinks, along with offering live entertainment.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
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.
Kevin Ko reports.
Kenny Choi reports on a historic Chinese-language radio show being recognized for its impact.
Brad Hamilton reports on a North Bay city looking to create a restriction on new drive-thrus.
Veronica Macias reports on a looming water crisis in Monterey County and what is being done.
A wildfire burning in Alameda County burned at least 700 acres in Pleasanton and Sunol as of Tuesday afternoon, leading to multiple evacuation orders. Maddie White 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.