Federal Reserve holds rates steady. Here's the financial impact.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
U.S. economic growth slowed more than expected in first quarter of 2024, with inflation-weary consumers tightening their belts and spending less, the government reported on Thursday. Interview with CBS business analyst Jill Schlesinger.
The Federal Reserve wrapped up its policy meeting Wednesday with an announcement about interest rates. Interview with CBS News business analyst Jill Schlesinger
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
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.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
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.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
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.
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.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
President Biden and House Speaker McCarthy both expressed optimism that they would be able to get their respective parties on board for the debt ceiling plan they negotiated. Natalie Brand has the latest.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
A group of pro-Palestinian protesters on Wednesday occupied an abandoned building on the UC Berkeley campus in hopes of bringing attention to what they describe as a genocide in Gaza, according to organizers.
Four falcons that recently hatched at UC Berkeley's Campanile bell tower now need names.
A ride of silence was held Wednesday night for those killed or injured while biking in San Francisco.
Sonoma State University President Mike Lee was placed on leave Wednesday following an email where he announced he and campus protesters had reached an agreement on divestment from Israel.
Framber Valdez struck out eight in seven strong innings and combined with Seth Martinez for a two-hitter, and the Houston Astros beat the Oakland Athletics 3-0 on Wednesday for their season-high fourth straight victory.
A group of pro-Palestinian protesters on Wednesday occupied an abandoned building on the UC Berkeley campus in hopes of bringing attention to what they describe as a genocide in Gaza, according to organizers.
Four falcons that recently hatched at UC Berkeley's Campanile bell tower now need names.
A ride of silence was held Wednesday night for those killed or injured while biking in San Francisco.
Sonoma State University President Mike Lee was placed on leave Wednesday following an email where he announced he and campus protesters had reached an agreement on divestment from Israel.
Framber Valdez struck out eight in seven strong innings and combined with Seth Martinez for a two-hitter, and the Houston Astros beat the Oakland Athletics 3-0 on Wednesday for their season-high fourth straight victory.
A ride of silence was held Wednesday night for those killed or injured while biking in San Francisco.
Logan Webb pitched six scoreless innings and Mike Yastrzemski hit a two-run homer as the San Francisco Giants beat the Los Angeles Dodgers 4-1 to avoid a three-game sweep.
The health of San Francisco Bay waters has prompted the state and federal government to take legal action, with the Environmental Protection Agency and the state of California suing the city of San Francisco over the amount of sewage being dumped into the bay.
A first-of-its-kind San Francisco program that trains the next generation of makers is closed temporarily because of a fire, but Its founder is working to safely reopen as soon as possible.
On Wednesday, San Francisco police confirmed the identity of a man who was fatally shot late last month in the city's Bayview District.
A group of pro-Palestinian protesters on Wednesday occupied an abandoned building on the UC Berkeley campus in hopes of bringing attention to what they describe as a genocide in Gaza, according to organizers.
Four falcons that recently hatched at UC Berkeley's Campanile bell tower now need names.
Framber Valdez struck out eight in seven strong innings and combined with Seth Martinez for a two-hitter, and the Houston Astros beat the Oakland Athletics 3-0 on Wednesday for their season-high fourth straight victory.
The BART station at El Cerrito del Norte closed Wednesday evening due to a major medical emergency, the agency said at 6:20 p.m.
Alameda County District Attorney Pamela Price pronounced victory Wednesday in an early battle to remove her from office, but who will ultimately prevail in the recall effort against her won't be decided until November.
As post-pandemic downtown recoveries continue, the Bay Area's three major cities are experiencing two realities at the same time.
A low-flying jet with decades of history was seen flying over the South Bay Wednesday on its final flight before retirement.
Dozens of pro-Palestinian protesters rallied outside the annual Google I/O 2024 developer conference at Shoreline Amphitheater in Mountain View on Tuesday.
A man who was shot at a homeless encampment in San Jose last week has died of his injuries, police said Tuesday.
Police in San Jose are searching for a man suspected of sexually assaulting a girl underneath a freeway as she was walking home from school last month.
Sonoma State University President Mike Lee was placed on leave Wednesday following an email where he announced he and campus protesters had reached an agreement on divestment from Israel.
Two men were hospitalized after they were stabbed near a convenience store in San Rafael late Tuesday night.
A 19-year-old man has been arrested on suspicion of a fatal shooting in Santa Rosa on Monday night, police said Wednesday.
A man was shot and killed in Vallejo on Tuesday, according to police.
The remains of a U.S. Army soldier from Northern California who died as a prisoner of war in the Philippines during World War II have been accounted for, the Defense POW/MIA Accounting Agency (DPAA) announced Tuesday.
Logan Webb pitched six scoreless innings and Mike Yastrzemski hit a two-run homer as the San Francisco Giants beat the Los Angeles Dodgers 4-1 to avoid a three-game sweep.
The full 2024 NFL schedule for the San Francisco 49ers was released Wednesday evening, including a rematch with Super Bowl rivals the Kansas City Chiefs in October.
The football team from De La Salle High School in Concord will be traveling overseas to play a game in London this upcoming season, the school announced Wednesday.
The Oakland Ballers baseball team is looking at the future as it prepares for its inaugural season at historic Raimondi Park, and hoping to incorporate more of the city's pro sports history.
San Francisco Giants outfielder Jung Hoo Lee sustained structural damage in his dislocated left shoulder when he crashed into the wall Sunday and now will seek a second opinion to determine his next steps.
On Wednesday, San Francisco police confirmed the identity of a man who was fatally shot late last month in the city's Bayview District.
Alameda County District Attorney Pamela Price pronounced victory Wednesday in an early battle to remove her from office, but who will ultimately prevail in the recall effort against her won't be decided until November.
Authorities in San Mateo County are searching for two male suspects in an armed robbery that happened Tuesday afternoon near a gas station in unincorporated Redwood City.
Two men were hospitalized after they were stabbed near a convenience store in San Rafael late Tuesday night.
A 19-year-old man has been arrested on suspicion of a fatal shooting in Santa Rosa on Monday night, police said Wednesday.
A low-flying jet with decades of history was seen flying over the South Bay Wednesday on its final flight before retirement.
Dozens of pro-Palestinian protesters rallied outside the annual Google I/O 2024 developer conference at Shoreline Amphitheater in Mountain View on Tuesday.
A Tracy man has been federally sentenced for accessing the computer network of the Discovery Bay Water Treatment Facility and shutting it down in 2021, the U.S. Department of Justice said Monday.
Federal safety investigators are probing dozens of crashes and other incidents involving Waymo's self-driving vehicles.
Even as driverless cars become more common throughout San Francisco, people still tend to stop and stare. But soon, spotting something at an intersection with nobody at the wheel could become a more regular occurance beyond city limits.
A landmark study just kicked off with the goal of answering why Black women have a much higher mortality rate when it comes to cancer. It just launched last week and they need volunteers in California to help.
A Bay Area-based study finds that 80% of Asian American women with lung cancer never smoked and researchers are trying to figure out why.
San Francisco public health nurses will hold a strike authorization vote next week over what they say are inadequate and unsafe staffing levels at the city's hospitals and clinics.
Maker of insulin pump urges customers to update an app because of glitch that causes the devices to unexpectedly shut down.
Elon Musk's Neuralink finds a brain-computer interface device captured less data a month after implant surgery.
A group of pro-Palestinian protesters on Wednesday occupied an abandoned building on the UC Berkeley campus in hopes of bringing attention to what they describe as a genocide in Gaza, according to organizers.
Alameda County District Attorney Pamela Price pronounced victory Wednesday in an early battle to remove her from office, but who will ultimately prevail in the recall effort against her won't be decided until November.
California's two senators have introduced a proposal that would rename a visitors' center at Joshua Tree National Park to honor the late Sen. Dianne Feinstein.
Protesters who set up a pro-Palestinian encampment on the University of California, Berkeley campus ended their protest Tuesday, following an agreement reached by university officials.
President Biden and former President Donald Trump will go head-to-head in presidential debates on June 27 and Sept. 10, their campaigns said Wednesday.
Two prominent Bay Area political figures died Friday night when the pickup they were in collided with a car in rural San Diego County.
A Northern California school district is being sued by the state over allegations the district failed to carry out corrective actions in a controversial gender notification policy adopted last summer.
More than a third of LGBTQ young people seriously considered suicide in the past year, the survey found.
One of San Francisco's oldest LGBTQ bars, on Saturday the Stud re-opened it's doors for the first time in four years at a new location.
A California judge has tentatively sided with state Attorney General Rob Bonta in a dispute over the title of a proposed ballot measure that would require school staff to notify parents if their child asks to change gender identification at schools.
Jim Parsons and Mayim Bialik are reprising their roles from "Big Bang Theory" in part one of the "Young Sheldon" series finale.
The WNBA tipped off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
A young San Francisco artist's exhibit at the Museum of African Diaspora explores the issues surrounding beauty and skin color within the Black community.
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
Aussie psych-rock outfit and Tame Impala affiliates Pond return to the Bay Area for this show at the New Parish Wednesday night.
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.
Cloudy, cool and dry conditions on Thursday expected as "May gray" continues on the coast. Jessica Burch has the forecast.
Shawn Chitnis reports on how Holy Stitch! founder Julian Prince Dash's new location on Mid-Market is helping to change the neighborhood's image.
CBS News Bay Area morning headlines for Thursday, May 16, 2024. Watch full newscasts streamed at the CBS SF website or on the app. 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
Shawn Chitnis reports on the new offshoot protest occupying an off-campus UC Berkeley building that was shuttered after a fire in 2022.
Andrea Nakano reports on the San Francisco Ride of Silence. 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
A first-of-its-kind San Francisco program that trains the next generation of makers is closed temporarily because of a fire, but Its founder is working to safely reopen as soon as possible.
A Pacifica woman is being recognized for leading an annual ocean education program at a coastal school for over 30 years.
A San Francisco native is helping keep alive the city's historic Japantown, one of only three left in the U.S.
A Redwood City man changed his career path - from running Stanford's Digital Language Lab to going to beauty school - so he could serve his community in a way that's more meaningful to him.
A San Francisco-based nonprofit created by this week's Jefferson Award winner helps low income and unsheltered people stay healthy and feel good about themselves.
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.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.
Police departments all over the country are having a hard time finding new officers, but one Bay Area student is criss-crossing the world while preparing for a career in law enforcement here at home.
When most people graduate from college, they tend to focus on one job. But this month's Students Rising Above scholar is currently juggling multiple workplace assignments.