Here's what the Common Cents Act means for businesses, consumers
New law aims to address how businesses and consumers should transact amid the phase-out of the penny.
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New law aims to address how businesses and consumers should transact amid the phase-out of the penny.
A former Union City bank employee was sentenced to 18 months in federal prison on Monday after he admitted to embezzling more than $800,000, prosecutors said.
The department said it is preparing for the banknote in response to legislation proposed last year.
The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
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 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.
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.
Willy Adames hit his seventh career grand slam, Bryce Eldridge smacked a two-run homer and Landen Roupp threw seven sharp innings as the San Francisco Giants beat the Seattle Mariners 7-0 in their first game after the All-Star break.
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
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.
The University of California Regents won't decide whether to bring back standardized tests for admissions until at least next year. Thousands of faculty members argue the system's test-free policy is contributing to a growing gap in college readiness.
A youth volleyball coach who worked with middle school-aged players across the East Bay was arrested this week on suspicion of possessing child sexual abuse material, officials said on Friday.
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
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.
The University of California Regents won't decide whether to bring back standardized tests for admissions until at least next year. Thousands of faculty members argue the system's test-free policy is contributing to a growing gap in college readiness.
A youth volleyball coach who worked with middle school-aged players across the East Bay was arrested this week on suspicion of possessing child sexual abuse material, officials said on Friday.
Evacuation warnings were in place near Mount Diablo as a 50-acre blaze, which fire officials have named the Morgan Fire, broke out in Contra Costa County on Friday afternoon.
The wreckage of a boat that capsized near Alcatraz Island earlier this week, leaving two people still missing, has been located on the floor of San Francisco Bay, officials announced.
A man accused of striking an elderly woman with an e-scooter while fleeing San Francisco police Monday evening has been charged with multiple felonies, San Francisco District Attorney Brooke Jenkins announced Thursday.
Bay Area Rapid Transit (BART) reported multiple post-pandemic ridership records during the month of June, crediting large events including the World Cup and San Francisco Pride for a surge in riders.
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.
San Francisco's only marine fueling dock played a crucial role in Tuesday's rescue operation of a boat near Alcatraz Island, but now that dock could soon be shut down.
The University of California Regents won't decide whether to bring back standardized tests for admissions until at least next year. Thousands of faculty members argue the system's test-free policy is contributing to a growing gap in college readiness.
A youth volleyball coach who worked with middle school-aged players across the East Bay was arrested this week on suspicion of possessing child sexual abuse material, officials said on Friday.
Evacuation warnings were in place near Mount Diablo as a 50-acre blaze, which fire officials have named the Morgan Fire, broke out in Contra Costa County on Friday afternoon.
A Union City woman was arrested for alleged illegal alcohol sales at Lake Merritt in Oakland, police said Tuesday, including an alleged sale to an underage decoy.
Police in Oakland have released surveillance footage as they search for a suspect in a deadly shooting in East Oakland late last year.
Authorities on California's Central Coast said they are searching for additional victims, after a pastor was arrested for alleged child sexual abuse.
A San Jose driver has been arrested and charged with murder following a fiery crash that killed a mother and her young child on Highway 87 late last year.
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 San Jose man was arrested after a hidden camera was discovered in a public restroom at a Starbucks coffee shop last month, police said Thursday.
A proposal renaming the Department of Veterans Affairs clinic in South San Jose to honor U.S. Army Ranger and San Francisco Bay Area native Pat Tillman is closer to reality, following a vote in the U.S. House of Representatives.
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.
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, has been charged with a misdemeanor hit-and-run count after authorities allege he struck a parked car and drove away from the scene.
A man wanted in connection with a deadly shooting in Vallejo and an attempted murder in Richmond was arrested after he was found on the Peninsula, authorities said.
Residents at Smith Ranch Homes, Aldersly, Drake Terrace, The Tamalpais and Villa Marin raise money each year for the scholarship fund, which was established in 1994.
The hilltop region near the King Mountain Open Space Reserve in Marin County could soon be open to the public.
Willy Adames hit his seventh career grand slam, Bryce Eldridge smacked a two-run homer and Landen Roupp threw seven sharp innings as the San Francisco Giants beat the Seattle Mariners 7-0 in their first game after the All-Star break.
The San Francisco Giants will begin the 2027 season against the Colorado Rockies at Oracle Park, according to Major League Baseball's tentative schedule released Thursday.
Spain is looking to secure a World Cup victory for the first time in 16 years, and Argentina enters Sunday hoping to become back-to-back champions.
Defending World Cup champion Argentina rallied to edge England 2-1 to advance to Sunday's final at MetLife Stadium, where they will face Spain.
Tiffany Hayes added 13 points, Janelle Salaun scored 12 and Kayla Thornton added 11 for Golden State (18-7), which has also won five straight road games.
A Union City woman was arrested for alleged illegal alcohol sales at Lake Merritt in Oakland, police said Tuesday, including an alleged sale to an underage decoy.
Authorities on California's Central Coast said they are searching for additional victims, after a pastor was arrested for alleged child sexual abuse.
A San Jose driver has been arrested and charged with murder following a fiery crash that killed a mother and her young child on Highway 87 late last year.
A man accused of striking an elderly woman with an e-scooter while fleeing San Francisco police Monday evening has been charged with multiple felonies, San Francisco District Attorney Brooke Jenkins announced Thursday.
Police in Oakland have released surveillance footage as they search for a suspect in a deadly shooting in East Oakland late last year.
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.
The scheme begins with fake fraud alerts before shifting to a FaceTime call, where victims are tricked into exposing sensitive banking information.
Startups are using emails, photos and voice recordings to create AI simulations that family and friends can interact with after a loved one's death.
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 Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
President Trump delivered a speech on election security Thursday night at the White House. Here are the facts behind some of his claims.
California Attorney General Rob Bonta filed lawsuits Thursday against five California cities, including Turlock, alleging they have failed to comply with the state's Housing Element Law by not adopting housing plans that meet state requirements.
"Markets already move on Truth Social posts," the company's chief executive said in the Truth API announcement.
A proposal renaming the Department of Veterans Affairs clinic in South San Jose to honor U.S. Army Ranger and San Francisco Bay Area native Pat Tillman is closer to reality, following a vote in the U.S. House of Representatives.
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.
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.
San Franciscans have seen encampments pop up all over the city, but a large, sprawling line of tents were set up overnight on Battery Street in the Financial District.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
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.
Brad Hamilton reports.
The Napa County District Attorney's Office said it has filed a misdemeanor hit-and-run charge against Paul Pelosi, the husband of former House Speaker Nancy Pelosi, who authorities allege struck a parked car and drove away from the scene on July 3.
Sooji Nam reports.
Evacuation warnings were in place near Mount Diablo as a 50-acre blaze, which fire officials have named the Morgan Fire, broke out in Contra Costa County on Friday afternoon.
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.