Berkshire Hathaway slashes Apple stake by almost 50%
Buffett once called the company's stake in the iPhone maker a pillar of Berkshire's business that he intended to hold indefinitely.
Watch CBS News
Buffett once called the company's stake in the iPhone maker a pillar of Berkshire's business that he intended to hold indefinitely.
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.
The rejection comes as Macy's struggles to surmount an industrywide sales slump brought on by online competitors.
A $2 bill with a red seal can sell for $300 to $2,500. Those with brown or blue seals can sell for hundreds.
Peer-to-peer payments, cash card purchases and other transactions have been disrupted, Square said.
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.
Customers took to social media to express concern and frustration after payments didn't up up in their accounts.
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.
She took home the biggest prize possible in the game as several others in the state won millions from their own scratch-offs.
California Attorney General Rob Bonta urged investors seeking to invest in cryptocurrency to be cautious, amid recent volatility in the crypto market and the bankruptcy of a major exchange.
It's not just the big guys getting hurt in this digital currency market collapse. Da Lin spoke with a San Francisco woman who lost tens of thousands in the latest crypto crash. (11-11-22)
The dramatic collapse of cryptocurrency and in particular a company tied to a major crypto exchange is having a widespread impact on investors.
It has been a trying week for the stock market and investors, with all major indices in the red on Friday. Hope King, business reporter for Axios, discusses what may be coming next, and how you can protect your money.
The Tropicana was a frequent haunt of the legendary Rat Pack, while its past under the mob has long cemented its place in Las Vegas lore.
On Tuesday evening, Oakland's Public Safety Committee met to consider whether to renew the contract for the city's 20-year-old ShotSpotter program.
Amid a major budget shortfall, the San Francisco Unified School District on Tuesday released a list of more than a dozen schools facing potential closure or merger with another school.
Jury selection began Tuesday in the trial against Nima Momeni – the man accused of fatally stabbing tech executive Bob Lee in the early morning hours of April 4, 2023.
As Hurricane Milton is set to bear down on Florida's Gulf Coast, crews from the Bay Area are already being deployed before the storm makes landfall.
The Tropicana was a frequent haunt of the legendary Rat Pack, while its past under the mob has long cemented its place in Las Vegas lore.
On Tuesday evening, Oakland's Public Safety Committee met to consider whether to renew the contract for the city's 20-year-old ShotSpotter program.
Amid a major budget shortfall, the San Francisco Unified School District on Tuesday released a list of more than a dozen schools facing potential closure or merger with another school.
Jury selection began Tuesday in the trial against Nima Momeni – the man accused of fatally stabbing tech executive Bob Lee in the early morning hours of April 4, 2023.
As Hurricane Milton is set to bear down on Florida's Gulf Coast, crews from the Bay Area are already being deployed before the storm makes landfall.
Amid a major budget shortfall, the San Francisco Unified School District on Tuesday released a list of more than a dozen schools facing potential closure or merger with another school.
Jury selection began Tuesday in the trial against Nima Momeni – the man accused of fatally stabbing tech executive Bob Lee in the early morning hours of April 4, 2023.
As Hurricane Milton is set to bear down on Florida's Gulf Coast, crews from the Bay Area are already being deployed before the storm makes landfall.
A 38-year-old man suffered life-threatening injuries when he was stabbed with a knife and attacked with a golf club in downtown San Francisco early Tuesday morning, police said.
A man who allegedly vandalized multiple cars along a block-long stretch in a San Mateo neighborhood was arrested, police said Tuesday.
On Tuesday evening, Oakland's Public Safety Committee met to consider whether to renew the contract for the city's 20-year-old ShotSpotter program.
El Cerrito police arrested a person they believe shot and injured a person Tuesday morning, prompting a lockdown at a nearby school.
Two Alameda police officers involved in the 2021 arrest of Mario Gonzalez which led to his death had charges against them dismissed because of the statute of limitations.
A self-confessed member of the infamous Mara Salvatrucha criminal organization, also known as MS-13, was sentenced to over five years in prison for possessing a "ghost gun" or an untraceable firearm.
Lafayette crews contained a two-alarm fire that struck two residences in the city's Stanley neighborhood early Tuesday morning.
British band Coldplay announced Tuesday that they will play at Stanford Stadium in 2025, as part of a series of North American dates in their long-running "Music of the Spheres" world tour.
Some people in Palo Alto finding ways to adapt, wearing summer sandals and sunglasses, pulling out an umbrella to shield themselves from the sun, and finding cool spaces.
A woman was killed, while a child and a man are in the hospital in what is believed to be a road rage crash on Saturday in Santa Rosa, the California Highway Patrol said.
The 49ers along with their fans are going to be sweating it out in their red and gold for Sunday's game against the Cardinals, with temperatures expected to be in the 90s at kickoff at Levi's Stadium in Santa Clara.
A California vineyard owner is suing Santa Clara County after officials fined him for allowing his longtime employee to live in an RV on his property for years.
A fire at a Novato landfill was billowing smoke across the area and prompted an advisory from air regulators.
Authorities in Mendocino County on Monday announced details of a massive operation targeting illegal cannabis grows, saying that 30,000 plants were seized at more than a dozen sites last month.
John McMahon, who is from Solano County and a member of the American Red Cross North Bay Chapter, is working as a damage assessment manager in Georgia, sending teams out daily to survey and identify storm damage across 60 counties in the state.
Police in Vacaville on Friday have arrested a man suspected of seriously injuring an elderly man and his dog during a hit-and-run earlier this week.
Forward progress has been stopped and containment grows on the Glenhaven Fire burning north of Clear Lake in Lake County, officials said Saturday.
The short week means there will be little time spent going over all the mistakes from Sunday, but there were plenty.
The city and AASEG have signed an amended agreement for the city's half of the Coliseum site, increasing the total from $110 million to $125 million.
This marked the second time this season that San Francisco (2-3) blew a double-digit lead in the fourth quarter to a division rival, having done it in Week 3 against the Los Angeles Rams.
Cam Ward threw a 5-yard touchdown pass to Elijah Arroyo with 26 seconds left and No. 8 Miami roared back from a 25-point deficit in the second half to beat the Cal Bears 39-38.
Kyron Drones passed for two touchdowns and ran for a third, and Virginia Tech bounced back from last week's final second heart-breaking loss to No. 7 Miami and beat Stanford 31-7 on Saturday.
On Tuesday evening, Oakland's Public Safety Committee met to consider whether to renew the contract for the city's 20-year-old ShotSpotter program.
Jury selection began Tuesday in the trial against Nima Momeni – the man accused of fatally stabbing tech executive Bob Lee in the early morning hours of April 4, 2023.
A 38-year-old man suffered life-threatening injuries when he was stabbed with a knife and attacked with a golf club in downtown San Francisco early Tuesday morning, police said.
El Cerrito police arrested a person they believe shot and injured a person Tuesday morning, prompting a lockdown at a nearby school.
Two Alameda police officers involved in the 2021 arrest of Mario Gonzalez which led to his death had charges against them dismissed because of the statute of limitations.
On Tuesday evening, Oakland's Public Safety Committee met to consider whether to renew the contract for the city's 20-year-old ShotSpotter program.
Jury selection began Tuesday in the trial against Nima Momeni – the man accused of fatally stabbing tech executive Bob Lee in the early morning hours of April 4, 2023.
The attorneys general of more than a dozen states and Washington D.C. claim TikTok falsely claims its platform is safe for children.
With jury selection looming in the trial of Nima Momeni, his defense team is seeking to bar Bob Lee's ex-wife from court.
A federal judge on Monday ordered Google to tear down the digital walls shielding its Android app store from competition as a punishment for maintaining an illegal monopoly that helped expand the company's internet empire.
At UCSF Benioff Children's Hospital at Mission Bay, an extraordinary meeting of super heroes took place where the sky was the limit.
Two dairy workers in California were infected with bird flu, the 15th and 16th human cases detected in the U.S. this year.
Flu vaccine effectiveness in South America was 35% against hospitalization.
A Bay Area start-up is behind a testing procedure endorsed by social media influencers like Kim Kardashian that that is rapidly gaining popularity, despite warnings from leading medical experts of possible negative consequences.
The FDA has until early 2026 to decide on the submission for a sunscreen ingredient branded as PARSOL Shield.
On Tuesday evening, Oakland's Public Safety Committee met to consider whether to renew the contract for the city's 20-year-old ShotSpotter program.
Afghan national Nasir Ahmad Tawhedi was charged with planning a terrorist attack in the U.S. on Election Day.
An undercover investigation found that California tenants who held Section 8 housing vouchers were refused rental contracts by more than 200 landlords, including major real estate firms.
The rule issued by the Biden administration in 2022 seeks to subject unserialized ghost guns to the same requirements as commercially made firearms.
The EPA estimates that nine million homes in the U.S. have lead pipes.
The latest installment of the "CBS Mornings" series, "The State of Spirituality with Lisa Ling" focuses on a Lutheran pastor who is trying to form an inclusive community by just being himself.
Thousands of transgender individuals are seeking asylum in the United States, fleeing countries where being themselves can mean persecution or even violence. A Bay Area organization is making it possible for them to find safety and acceptance.
This Sunday, downtown Oakland will come alive with color, music, and celebration as big crowds gather for the 14th Annual Oakland Pride Parade and Festival.
The Riot Party held at Kapwa Gardens was a powerful reminder of the progress made in the fight for LGBTQ rights and the work that remains.
Oakland native Shay Franco-Clausen arrived at the Democratic National Convention hoping to witness history with fellow Oakland native Kamala Harris officially accepting the party’s nomination to run for President. Ryan Yamamoto reports.
British band Coldplay announced Tuesday that they will play at Stanford Stadium in 2025, as part of a series of North American dates in their long-running "Music of the Spheres" world tour.
Cissy Houston performed alongside superstar musicians like Elvis Presley and Aretha Franklin.
Academy Award-winner Kathy Bates was certain she had neglected to mention her mom when she accepted the Oscar for "Misery" 33 years ago – until "Sunday Morning" showed her video proof.
"An Oprah Special: The Presleys - Elvis, Lisa Marie, and Riley" will premiere on CBS on Tuesday, Oct. 8, at 8 p.m. ET/PT, and will be available for streaming on Paramount+.
The mother of Sean "Diddy" Combs released a statement Sunday defending her son against the federal charges and multiple allegations of sexual misconduct he is currently facing.
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.
As thousands of military members visit San Francisco for Fleet Week, some are using the time to serve the poor and hungry at St. Anthony's Dining Room in San Francisco's Tenderloin. Kenny Choi reports.
The Alum Rock Union School District may close up to nine of its 22 campuses, as the district faces a major budget deficit and declining enrollment. Len Ramirez reports.
CBS News Bay Area afternoon headlines for Tuesday, Oct. 8, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
It isn't Fleet Week without an air show, as planes show off cool stunts over the San Francisco Bay. One woman, known as the "Air Boss", makes sure everything goes to plan. Lauren Toms reports.
Facing a $170 million deficit, Oakland is looking wherever it can to trim costs and that's putting the police department's ShotSpotter program in the crosshairs. John Ramos reports.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
A beloved 88-year-old volunteer shows there's power in reading to children and her giving ways are an example for all ages.
At her home in San Jose, 91-year-old Terry Asquith looks back at how she's given the gift of life to at-risk babies. 50 years ago, she founded the nation's oldest nonprofit milk bank, Mothers' Milk Bank.
The only therapeutic pool of its kind on the Peninsula is back open again, thanks in large part to one local woman who dived in to save it.
A local shop owner who some call the Mayor of the Broadway business district in Burlingame has long been the go-to person when area merchants have a problem.
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.