Tech, Health Care Stocks 'Resilient' Amid Widespread Losses During COVID-19 Pandemic
Even with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They're up 4.1% for 2020.
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Even with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They're up 4.1% for 2020.
The Dow Jones Industrial Average fell 631.56 points, or 2.7%, to 23,018.88, and the Nasdaq was down 297.50, or 3.5%, to 8,263.23.
The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
The successful initial public offering for San Francisco-based ride-hailing service Lyft is prompting concern among city leaders over increasing wealth disparity and the IPO's effect on the city's sky-high housing prices.
Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, although its stock slid in after-hours trading.
A 54-year-old Dublin man has pleaded guilty to 10 felony charges involving insider trading using proprietary information from Pleasanton-based Ross Stores Inc. to pull in about $3.5 million.
The S&P 500 index and Nasdaq composite closed at record highs Friday, just two days after the current bull market in stocks became the longest in history.
Wall Street, captivated by remarkable growth prospects in tech, has lifted the Nasdaq by 11% this year.
Eleven minutes later, Amazon's stock had fallen into the red — and so had the Nasdaq.
Shares of the digital file storage company Dropbox soared Friday in their stock market debut.
The cloud storage company is selling 36 million shares for between $16 and $18, according to a regulatory filing released Monday.
A Dublin financial analyst was arrested and brought to federal court in Oakland on Wednesday on charges of an insider trading securities fraud that allegedly generated $8.2 million in illegal profits.
One of the biotech companies run by Martin Shkreli, the drug price-gouger charged with securities fraud last week, has been told that its stock will be delisted by Nasdaq because of Shkreli's arrest and other factors.
Nasdaq has long been known as the "tech-heavy" stock exchange, where some of Silicon Valley's best-known companies have gone to sell shares. Now, as it faces stiff competition from rival exchanges to lure the next hot IPO, it's reaching out to business startups before they go public.
The Dow Jones industrial average soared more than 600 points Wednesday, its biggest gain in seven years.
The bull run in Microsoft's stock this past year has helped the tech giant surpass Exxon Mobil and seize the rank of the second most valuable company, behind Apple Inc.
The shares opened at $27 -- $4 higher than the price that the airline set—and then jumped as high as $29.74 within about an hour of the opening bell on the Nasdaq stock market.
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses - plunging more than 400 points.
Alibaba's stock is surging as the Chinese e-commerce powerhouse's begins its first day trading as a public company.
Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
The maker of wearable sports cameras, loved by mountain climbers, divers, surfers and other extreme sports fans, is expected to sell its shares publicly for the first time and begin trading on the Nasdaq stock market Thursday.
A mysterious glitch halted trading on the Nasdaq for three hours Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple and Google.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.
Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook's public stock offering last year.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Just a year after Alameda County District Attorney Pamela Price was recalled by nearly 63% of the voters, she's running again to get her job back.
California has hired Tosh Lupoi as the new head coach, bringing back the former Golden Bears player and assistant.
Rookie VJ Edgecombe and Tyrese Maxey each made huge plays in the final seconds as the Philadelphia 76ers beat the short-handed Golden State Warriors.
San Francisco's newly appointed police chief, Derrick Lew, is taking office with an ambitious promise: "I truly believe we're entering a golden era in San Francisco."
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Just a year after Alameda County District Attorney Pamela Price was recalled by nearly 63% of the voters, she's running again to get her job back.
California has hired Tosh Lupoi as the new head coach, bringing back the former Golden Bears player and assistant.
Rookie VJ Edgecombe and Tyrese Maxey each made huge plays in the final seconds as the Philadelphia 76ers beat the short-handed Golden State Warriors.
San Francisco's newly appointed police chief, Derrick Lew, is taking office with an ambitious promise: "I truly believe we're entering a golden era in San Francisco."
San Francisco's newly appointed police chief, Derrick Lew, is taking office with an ambitious promise: "I truly believe we're entering a golden era in San Francisco."
A social worker was stabbed and severely injured Thursday inside Zuckerberg San Francisco General Hospital, authorities said.
An inmate at a San Francisco County Jail facility was taken to the hospital after being stabbed by another inmate Thursday afternoon, deputies said.
A necropsy has revealed the apparent cause of death of Claude, the beloved albino alligator and unofficial mascot of the California Academy of Sciences in San Francisco.
Fisherman's Wharf officials discussed plans for a redevelopment intended to breathe new life into an area that was once said to be the third most visited tourist site in the world.
Just a year after Alameda County District Attorney Pamela Price was recalled by nearly 63% of the voters, she's running again to get her job back.
The zoo has written a glowing love letter to the city of Oakland, in its new exhibit: The Future of Oakland.
About 1,500 teachers at the West Contra Costa Unified School District took to the picket lines on Thursday, striking over what they said were low pay and a lack of permanent staffing.
In 2023, there was a total of 114 murders in the city, 75 in 2024, to just below 60 by the start of December this year.
A former Antioch police officer who was convicted as part of a corruption case involving several officers in the department was sentenced to more than seven years in federal prison, prosecutors announced Tuesday.
Officials in Monterey County have issued a warning to people foraging for wild mushrooms amid a rise in poisonings.
Kiara Manion opened Bloom with her husband during the COVID-19 pandemic, building a following around breakfast classics such as chicken and waffles. The restaurant has also become a go-to gathering place on San Francisco 49ers game days.
Santa Clara County District Attorney Jeff Rosen announced charges against the 17-year-old accused of shooting three people at San Jose's Westfield Valley Fair mall on Black Friday.
Two people were killed in a fiery multi-vehicle crash involving Teslas on Highway 87 in San Jose late Tuesday morning, authorities said.
Police in San Jose said a suspect has been arrested in connection with a triple shooting that took place at the Westfield Valley Fair Mall on Black Friday.
A California animal rights activist who took four chickens from a Perdue Farms poultry plant in Sonoma County was sentenced on Wednesday to 90 days in jail following her conviction in October.
Cal Fire said, around 3 p.m., crews were called to Bean Hollow State Beach near Pescadero for a report of a person in the water.
Marin County has passed some new regulations to prevent wildfires that will take effect on Jan. 1.
Authorities in Solano County arrested a man after he allegedly opened fire in the middle of a residential street during a disturbance Monday evening.
Authorities in Sonoma County have arrested a teenage driver in connection with a hit-and-run collision that killed a pedestrian over the Thanksgiving holiday weekend.
California has hired Tosh Lupoi as the new head coach, bringing back the former Golden Bears player and assistant.
Rookie VJ Edgecombe and Tyrese Maxey each made huge plays in the final seconds as the Philadelphia 76ers beat the short-handed Golden State Warriors.
The Athletics are on track to open their new Las Vegas stadium on time, officials said Thursday.
Former Angels and Rangers manager Ron Washington is returning to the Bay Area to become infield coach for the San Francisco Giants on new manager Tony Vitello's staff.
Shai Gilgeous-Alexander scored 38 points and made a key 3-pointer with 3:34 left, Jalen Williams added 22 points and six assists, and the Oklahoma City Thunder held off the determined Golden State Warriors 124-112.
A social worker was stabbed and severely injured Thursday inside Zuckerberg San Francisco General Hospital, authorities said.
Manteca police say they are seeking help identifying three suspects after dozens of vehicles were broken into at the Great Wolf Lodge on Thanksgiving morning.
An inmate at a San Francisco County Jail facility was taken to the hospital after being stabbed by another inmate Thursday afternoon, deputies said.
A California animal rights activist who took four chickens from a Perdue Farms poultry plant in Sonoma County was sentenced on Wednesday to 90 days in jail following her conviction in October.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
An alert sent to people across California warning about a strong earthquake striking Northern Nevada on Thursday morning was sent in error, officials said.
Children and adolescents who own smartphones by age 12 have higher risks of depression, poor sleep and obesity, according to a new study.
AI is swiftly reshaping America's labor market, performing many technical and cognitive tasks across a range of industries, study says.
Over the weekend, Elon Musk's X unveiled a feature that lets users see where an account is based — and it led to some surprises.
After FTC settlement, eligible Amazon Prime customers will automatically receive refunds between Nov. 12 and Dec. 24.
Officials in Monterey County have issued a warning to people foraging for wild mushrooms amid a rise in poisonings.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
Just a year after Alameda County District Attorney Pamela Price was recalled by nearly 63% of the voters, she's running again to get her job back.
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
Derrick Lew, who was born and raised in San Francisco, has been with the department for more than 20 years, and in that time, he has served at the Ingleside, Bayview, Mission and Central stations, the mayor's office said.
California unveiled a new online portal on Wednesday for residents to report alleged misconduct by federal agents during operations to enforce immigration laws.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
Advocacy group The Trevor Projected released data from the first year of a study following more than 1,600 LGBTQ+ youth across the country.
A former Yosemite employee says they've been fired by the National Park Service, three months after flying a transgender pride flag from El Capitan.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Families along Thompson Avenue, also known as Christmas Tree Lane, have decked out their porches and front lawns in time for the holidays.
Cirque du Soleil's return brings more than spectacle to San Francisco; it continues to fuel the local economy. Nightly performances draw thousands into the 2,500-seat Big Top near Oracle Park, boosting foot traffic and business in the Mission Bay neighborhood.
Allison Keaney, the first female CEO of the Cow Palace, one of California's biggest rodeo venues, said ticket sales jumped 61% this year, and women's rodeo, once an afterthought, is now ropin' in fans fast.
Jimmy Cliff, who famously sang about the "many rivers" we all must cross, has died after suffering a seizure and pneumonia, his family say.
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.
Chilly conditions Friday morning will make way for highs in the 60s. Heading into the weekend, a coastal flood advisory is in effect for low-lying areas due to the king tides. Jessica Burch has the forecast.
Just a year after Alameda County District Attorney Pamela Price was recalled by nearly 63% of the voters, she's running again to get her job back.
Swellcycle is building surfboards that reduce waste and use recycled material.
Researchers at San Jose State say they found 55,000 pounds of toxic metals about a mile around the Moss Landing battery plant days after the fire.
About 1,500 teachers at the West Contra Costa Unified School District took to the picket lines on Thursday, striking over what they said were low pay and a lack of permanent staffing. Brad Hamilton 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.