As Oil Prices Plummet U.S. Stocks Suffer Worst Loss In Weeks
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.
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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 coronavirus pandemic's effect on the economy triggered a major sell-off Monday on Wall Street, where the Dow Jones Industrial Average dropped nearly 1,000 points in the final hour of trading to drop just short of 3,000 points for the day, the Dow's worst point drop in history.
While fears over the coronavirus outbreak have slammed financial markets around the world, there are those who think this may actually be a golden opportunity for those with money to invest.
An early plunge of 7% on Wall Street triggered a trading halt as a sell-off slamming global markets continued.
U.S. stocks tumbled once again on Friday, as coronavirus fears continue to mount, with Bay Area tech stocks taking a significant hit.
Shares of streaming giant Netflix soared for several hours Thursday before joining the steep drop in Silicon Valley tech stocks as Wall Street dropped more than 1,190 points over fears of the coronavirus.
Wells Fargo's net income tumbled in the fourth quarter, weighed down by hefty costs and a lower interest rate environment.
San Francisco-based Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement accelerated by massive disruption in the online brokerage industry.
Two of the leaders of the online brokerage industry may be merging.
After falling more than 960 points, the Dow pulled out of its steep decline in the final hour of trading Monday to finish with a 767-point loss at the closing bell as tech was hit hard after China devalued its currency.
Uber said Thursday it lost more than $1 billion in the first three months of 2019.
Shares of San Francisco-based Uber plunged on the first full day of trading for the rideshare app as a deepening trade battle between the U.S. and China pulled the entire market down sharply Monday.
Uber is about to embark on a wild ride on Wall Street with the biggest and most hotly debated IPO in years.
An escalating showdown between the U.S. and China over trade sent shudders through the stock market, with the Dow falling 473 points to 25,965.
With the volume of Bay Area tech IPOs happening this year, San Francisco city officials are trying to crunch the numbers to analyze the impact the influx of cash will have on the real estate market.
Investors are giving Bay Area-based unicorn technology companies Zoom and Pinterest a rousing reception in their debuts on the stock market.
Apple and CEO Tim Cook knew iPhone sales were in trouble but kept it from investors, according to a new lawsuit accusing the company of securities fraud.
Uber filed paperwork to go public on Thursday in what is likely to be one of the biggest public offerings ever for a technology company.
Is the San Francisco IPO millionaire land rush over-hyped? Not if you talk with local high-end real estate agents.
Tesla produced 77,100 vehicles in the first quarter of 2019, well behind the 500,000 per year pace previously pledged by CEO Elon Musk.
To match the excitement surrounding its IPO on Thursday, Lyft is now seeking over $70/share, up from its previous goal of $62-68/share.
Levi Strauss & Co., which gave America its first pair of blue jeans, is public for the second time. As of late Thursday afternoon, shares popped nearly 33 percent.
Levi Strauss & Co., which gave America its first pair of blue jeans, is going public for the second time on Thursday.
Lyft officially kicked off the road show for its initial public offering, with the San Francisco ride-hailing company putting 30 million shares up for sale Monday.
The California Highway Patrol has issued a Feather Alert for a missing woman last seen in San Francisco in January.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Stellantis is telling owners of the affected vehicles not to drive them until a potentially dangerous air bag is replaced. See which models are affected.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The California Highway Patrol has issued a Feather Alert for a missing woman last seen in San Francisco in January.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Stellantis is telling owners of the affected vehicles not to drive them until a potentially dangerous air bag is replaced. See which models are affected.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The California Highway Patrol has issued a Feather Alert for a missing woman last seen in San Francisco in January.
San Francisco Unified School district teachers returned to the picket lines Wednesday, as a strike over wages and benefits enters its third day.
After more than two years of renovations, the historic Castro Theatre is back open for business.
Schools in the San Francisco Unified School District are closed on Wednesday, for a third straight day, said Laura Dudnick, SFUSD director of communications, on Tuesday.
One of the items that remains at an impasse is increased resources for special needs children.
Some prospective tenants said they are still without housing and have been cut off from all help because they are officially listed in the county's computer as "permanently housed" at the Phoenix Apartments.
The legacy of the Black Panther Party, founded in Oakland in 1966 to protect the Black community while demanding freedom and justice, lives on through an award-winning walking tour.
A man who was arrested for allegedly refusing to leave an East Bay casino later died in custody after experiencing an unknown medical emergency, police said.
The Henry J. Kaiser Center for the Arts was filled with sports fans for one of the biggest games of the year, the Super Bowl.
On Sunday, after more than a year, EBMUD began inviting boats back to the water, but they're being very careful about it.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Authorities on the Central Coast have recovered a body after a car plunged several hundred feet off Highway 1 in Big Sur Tuesday afternoon.
Authorities in Monterey County have arrested a man on suspicion of attempted murder after he allegedly stabbed a woman while driving on Highway 101 in Salinas over the weekend.
According to the DOJ, Tillman said he set fire to the U.S. Post Office in San Jose to "make a point to the United States Government."
Authorities are searching for a suspect after a woman was killed in by a hit-and-run driver in San Jose over the weekend.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
One of the suggestions is the complete renovation of the Canal District shoreline, removing about 550 existing homes and raising the land high enough to safely redevelop on top of it. It is projected to cost nearly $2 billion.
A bank employee was among three people arrested in a series of armed home invasion robberies in Marin County of people who had withdrawn large amounts of cash, authorities said.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Four suspects remain at large and two were arrested after an armed robbery at a Petaluma jewelry store on Saturday, police said.
Tony Vitello walked up the dugout stairs to meet with reporters about 15 minutes later than expected because of a team meeting that went longer than planned.
The bushes that surrounded global superstar Bad Bunny during his record-breaking Super Bowl halftime performance at Levi's Stadium were indeed people in costume, and three Bay Area friends participated together after answering a vague casting call.
The Detroit Tigers announced Tuesday that they signed Justin Verlander, a 42-year-old free agent, to a one-year, $13 million deal.
San Francisco 49ers defensive lineman Keion White was shot and injured early Monday morning in San Francisco, the team confirmed.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
The California Highway Patrol has issued a Feather Alert for a missing woman last seen in San Francisco in January.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Police said the suspected shooter, an 18-year-old resident of the community where the school is located, was found dead from a self-inflicted gunshot wound.
Authorities in Monterey County have arrested a man on suspicion of attempted murder after he allegedly stabbed a woman while driving on Highway 101 in Salinas over the weekend.
The social media platform changed its privacy policy last month, inviting users to allow it to track their specific location.
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
A Bay Area woman with a long list of accomplishments in her young life, including being recently named to Forbes' 30 Under 30 list, has created an AI tool to help families do better financial planning.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
Pentagon officials had undertaken planning to use military technology near Fort Bliss, in El Paso, to practice downing drones.
Two lawmakers are accusing the government of improperly redacting some people's names from the Epstein files, including six men whose identities are now public.
A 14-year-old girl said she was "crying" and "struggling to breathe" when law enforcement officers herded her onto a racetrack with other detainees and zip-tied her hands.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
One of the items that remains at an impasse is increased resources for special needs children.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
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.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
After more than two years of renovations, the historic Castro Theatre is back open for business.
The bushes that surrounded global superstar Bad Bunny during his record-breaking Super Bowl halftime performance at Levi's Stadium were indeed people in costume, and three Bay Area friends participated together after answering a vague casting call.
The show unfolded as a visual journey through Puerto Rico's history, culture and identity, reaching an estimated 135 million viewers worldwide.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
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.
San Francisco Unified School District superintendent Maria Su spoke to reporters Wednesday morning on the third day of the teachers' strike, as both sides were set to return to the bargaining table.
As part of a series of conversations with California gubernatorial candidates, San Jose Mayor Matt Mahan talks to CBS News Bay Area's Reed Cowan about several issues, including fundraising, Silicon Valley donors, a proposed tax to fund Bay Area transit and lawsuits against the Trump administration.
Expect continued scattered showers in the Bay Area Wednesday, with thunderstorms possible. Heading into the holiday weekend, dry conditions return. Jessica Burch has the forecast.
Amanda Hari reports on the ongoing teacher strike in San Francisco. 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
Sooji Nam reports on the reopening of the Castro Theatre. 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
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.