President Biden signs Inflation Reduction Act into law
Natalie Brand reports on President Biden signing historic bill addressing climate, inflation and prescription prices (8-16-2022)
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Natalie Brand reports on President Biden signing historic bill addressing climate, inflation and prescription prices (8-16-2022)
While inflation is slowing, rising cases of bird flu in Sacramento and Sonoma Counties could keep the price of eggs and poultry high. Andrea Nakano reports. (8/10/22)
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure's tax and energy provisions.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
The ongoing aluminum can shortage is changing the way some craft breweries are conducting business.
The ongoing aluminum can shortage is changing the way some craft breweries are conducting business. Max Darrow reports. (7-16-22)
Prices at the pump are still high but we're tracking the first signs that those prices are starting to drop. That's not just the case for our cars but also for airlines. Max Darrow reports. (7-14-22)
Nationally, inflation has hit 9.1% the highest in 40 years. While the Bay Area didn't see a jump to those levels, it was high enough and food banks are seeing a huge increase in the need for food and the cost to do business.
Nationally, inflation has hit 9.1% the highest in 40 years. While the Bay Area didn’t see a jump to those levels, it was high enough and food banks are seeing a huge increase in the need for food and the cost to do business. Andrea Nakano reports. (7/13/22)
Skyrocketing inflation is impacting many business sectors, but it is also hitting Bay Area food lovers right in the gut.
Len Ramirez reports on the struggles one Los Gatos restaurant owner is facing due to spike in inflation (7-13-2022)
Danya Bacchus reports on consumer prices increasing 9.1% over the last 12 months according to the Labor Department (7-13-2022)
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
California's gas tax will go up just as people hit the road for the holiday weekend. There's a new effort in Sacramento right now to try to lower prices. Shawn Chitnis reports. (6-30-22)
California lawmakers have struck a deal to send $7 billion back to taxpayers to counter soaring inflation. Opinions are mixed as to what the money will pay for and whether it will help.
Millions of Californians will recieve stimulus payments as part of the state budget deal. Lauren Toms breaks down how it works.
CBS News business analyst Jill Schlesinger talks about impact the Federal Reserve's .75% interest rate hike will have (6-16-2022)
For anyone used to the Bay Area housing market being white hot, the idea of a buyer's market is unfathomable. But with interest rates rising and more homes coming online, a cool-off might be underway.
For anyone used to the Bay Area housing market being white hot, the idea of a buyer's market is unfathomable. But with interest rates rising and more homes coming online, a cool-off might be underway. Andria Borba reports. (6/15/22)
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
A Salinas police officer has been arrested after being accused of possessing child sexual abuse material, authorities said Tuesday.
The death of an 8-year-old girl in San Jose last week has prompted an investigation by police and the Santa Clara County District Attorney's Office.
A former Santa Clara County jail guard has been sentenced to jail for his role aiding a group of inmates in attacking another inmate, prosecutors said.
Firefighters rescued a burglary suspect on California's Central Coast after he became trapped behind a wall for about 12 hours, police said.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
A Salinas police officer has been arrested after being accused of possessing child sexual abuse material, authorities said Tuesday.
The death of an 8-year-old girl in San Jose last week has prompted an investigation by police and the Santa Clara County District Attorney's Office.
A former Santa Clara County jail guard has been sentenced to jail for his role aiding a group of inmates in attacking another inmate, prosecutors said.
Firefighters rescued a burglary suspect on California's Central Coast after he became trapped behind a wall for about 12 hours, police said.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
Three people suspecting in a series of pickpocket crimes in San Francisco's Chinatown were arrested over the weekend after a weeks-long investigation, police said Tuesday.
The changes do not require any new equipment, just software changes to the existing gates. BART said the pilot program in Concord and Antioch has been successful, so they will begin making the switch at all the other stations, as well.
Riders aboard the last jeepney in San Francisco are getting a lesson in Filipino culture, as long as it runs.
House Speaker Emerita Nancy Pelosi on Monday endorsed San Francisco Supervisor Connie Chan to succeed her in the race for California's 11th Congressional District.
A California man is facing federal charges for his alleged role in a plot to illegally export hundreds of protected turtles to Asia, prosecutors said.
Police in Oakland released additional details and announced the arrest of a teenage driver in connection with a high-speed crash that killed three pedestrians in East Oakland over the weekend.
The changes do not require any new equipment, just software changes to the existing gates. BART said the pilot program in Concord and Antioch has been successful, so they will begin making the switch at all the other stations, as well.
Cal Fire crews were working around the clock Sunday, mopping up a vegetation fire off Altamont Pass Road.
When Forrest Jones earned his bachelor's degree three years ago, he was one of only two Project Rebound graduates at Cal State East Bay. This year, the program had 85 students, including 20 graduates.
A witness said the driver tried to run from the scene but was stopped by people in the area.
A Salinas police officer has been arrested after being accused of possessing child sexual abuse material, authorities said Tuesday.
The death of an 8-year-old girl in San Jose last week has prompted an investigation by police and the Santa Clara County District Attorney's Office.
A former Santa Clara County jail guard has been sentenced to jail for his role aiding a group of inmates in attacking another inmate, prosecutors said.
Firefighters rescued a burglary suspect on California's Central Coast after he became trapped behind a wall for about 12 hours, police said.
The Professional Women's Hockey League (PWHL) announced Tuesday that San Jose has been awarded a team as the growing league expands to 12 teams.
One person was killed and another person was injured by fallen tree branches in the North Bay over the weekend, as the Bay Area was hit by strong winds.
Authorities in Solano County are searching for a suspect after two people were killed in a shooting in Suisun City on Sunday night.
Fire agencies across the North Bay are preparing for elevated wildfire danger this weekend as forecasters warn of strong winds and low humidity - conditions that often signal the start of fire season in Sonoma, Napa, and Marin counties.
Residents living near the Charles M. Schulz Sonoma County Airport say the skies above their neighborhoods are getting louder as passenger traffic and jet service continue to grow.
Health officials in Napa County are warning the public not to eat wild mushrooms after three people were poisoned.
The Professional Women's Hockey League (PWHL) announced Tuesday that San Jose has been awarded a team as the growing league expands to 12 teams.
Nolan Arenado hit his seventh career grand slam, Gabriel Moreno added a two-run homer, and the Arizona Diamondbacks defeated the San Francisco Giants 12-2.
Harrison Bader hit a grand slam that capped an eight-run eighth inning and the San Francisco Giants beat the sloppy Athletics 10-1 in 25-35 mph winds.
Casey Schmitt hit two home runs and drove in three, Trevor McDonald struck out five in 6 2/3 innings, and the San Francisco Giants beat the Athletics 6-4.
Nick Kurtz homered for a third straight game, hitting a go-ahead three-run shot in the fifth inning and the Athletics beat the San Francisco Giants 5-2 on Friday night.
A Salinas police officer has been arrested after being accused of possessing child sexual abuse material, authorities said Tuesday.
A former Santa Clara County jail guard has been sentenced to jail for his role aiding a group of inmates in attacking another inmate, prosecutors said.
Firefighters rescued a burglary suspect on California's Central Coast after he became trapped behind a wall for about 12 hours, police said.
Three people suspecting in a series of pickpocket crimes in San Francisco's Chinatown were arrested over the weekend after a weeks-long investigation, police said Tuesday.
Police in Oakland released additional details and announced the arrest of a teenage driver in connection with a high-speed crash that killed three pedestrians in East Oakland over the weekend.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
AI companies are recruiting a wide range of temp workers, from writers to wine enthusiasts, for hourly-paid gigs to help train their language models.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
Three men from Tennessee have been indicted on federal charges, including attempted kidnapping, in connection with an alleged crime spree targeting cryptocurrency owners in California.
A hacking group named ShinyHunters claimed responsibility for the Canvas breach and threatened to leak data involving 275 million individuals if schools did not pay a ransom.
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
Health officials in Napa County are warning the public not to eat wild mushrooms after three people were poisoned.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
House Speaker Emerita Nancy Pelosi on Monday endorsed San Francisco Supervisor Connie Chan to succeed her in the race for California's 11th Congressional District.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
The Supreme Court on Friday rejected a bid by Virginia Democrats to revive its new voter-approved congressional map that was drawn to advantage the party for the upcoming midterm elections.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
The Trump administration agreed to restore the Stonewall National Monument's Pride flag in Greenwich Village after it was removed.
Philz Coffee's move to remove the Pride flag and all other flags from their stores is brewing up some strong reaction.
Transgender women athletes are now excluded from women's events at the Olympics after the IOC agreed to a new eligibility policy on Thursday.
Bay Area fans of the K-pop superstar group BTS flocked swarmed Stanford University more than 24 hours before the first of three shows on campus.
City officials in Elk Grove were finalizing preparations on Friday for a visit by country superstar Luke Bryan and an expected attendance of over 20,000 of his fans on Saturday.
For San Francisco-based rapper Aft, stoops were a part of his upbringing in the Fillmore District.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
Authorities in the East Bay have charged two men for allegedly organizing a sideshow in Oakland that broke out as internet sensation IShowSpeed was visiting the area.
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.
On Tuesday, expect hot conditions in much of the Bay Area, with inland highs in the 90s. Temperatures are expected to remain above normal for much of the week. Jessica Burch has the forecast.
Kevin Ko reports on a killing in the San Francisco Sunset District.
John Ramos reports on BART improvements.
California's state frog was nearly wiped out. But now, the red-legged amphibian is making a comeback. Brian Hackney spoke to the Bay Area scientists playing a big role.
Sooji Nam reports on a San Jose Earthquakes player who is on loan to the Chivas.
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.