Stock Rout Deepens As S&P 500 Drops 3.5%, Dow Falls Over 943 Points
Stocks tumbled more than 942 points on the Dow Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy.
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Stocks tumbled more than 942 points on the Dow Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy.
Charles Schwab said Monday that it is laying off 1,000 employees just weeks after completing its acquisition of TD Ameritrade.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
A surge in paying customers enabled Zoom to hail another quarter of explosive growth, deepening its integral role in life during the pandemic.
Tesla is preparing to split its stock, making it more affordable for average investors. It may need to do another one pretty soon if its shares keep surging.
The electric car company Tesla announced Tuesday evening it planned to split its stocks five-for-one, the first stock split in the company's history.
In the wake of the stock market collapse spurred by the economic impact of the COVID-19 crisis, U.S. Senator Dianne Feinstein has had to answer questions about stock trades involving her husband just prior to the market tanking.
To meet a surge in demand from consumers stuck at home, Blue Apron has hired more than 300 people at its fulfillment centers which include a facility on Regatta Blvd. in Richmond.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
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.
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on Sept. 20, 2026.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Kaila Charles had 16 points, matched her career high with 12 rebounds and made four steals, Tiffany Hayes scored 10 points a night before her 37th birthday, and the Golden State Valkyries concluded their regular-season home schedule by beating the Seattle Storm 70-57.
The higher borrowing costs come as the East Bay housing market has already shown signs of slowing.
Jaron-Keawe Sagapolutele threw for a career-high 413 yards and three touchdowns in California's 49-7 victory over Wagner.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Kaila Charles had 16 points, matched her career high with 12 rebounds and made four steals, Tiffany Hayes scored 10 points a night before her 37th birthday, and the Golden State Valkyries concluded their regular-season home schedule by beating the Seattle Storm 70-57.
The higher borrowing costs come as the East Bay housing market has already shown signs of slowing.
Jaron-Keawe Sagapolutele threw for a career-high 413 yards and three touchdowns in California's 49-7 victory over Wagner.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
The San Francisco Lowrider Parade returned to the Mission District Saturday, alongside a 45th anniversary art exhibit.
The houseboats rarely come up for sale. Instead, they are passed down through generations of San Franciscans. But one happens to be on the market right now.
The San Francisco Opera's orchestra musicians are heading back to the stage after reaching a tentative four-year contract agreement with management.
A San Francisco small-business owner is picking up the pieces after four masked burglars broke into her Noe Valley running store early Sunday morning, stealing thousands of dollars worth of shoes and clothing.
A stretch of Highway 101 through San Francisco will again be closed this upcoming weekend as construction crews perform roadwork, officials said.
The higher borrowing costs come as the East Bay housing market has already shown signs of slowing.
The Alameda County Sheriff's Office released video of incident last week involving a wrong-way vehicle on Interstate Highway 580 near San Leandro, followed by a standoff and arrest of two people.
Fire crews in Alameda battled a fire that damaged a vacant building early Thursday morning.
Claudia Atkinson started her business out of her garage in West Oakland and opened her first brick-and-mortar shop in downtown Oakland about three months ago.
A former East Bay financial advisor was sentenced on Wednesday to nine years in federal prison for running a decades-long Ponzi scheme that defrauded investors out of nearly $10 million, authorities said.
In a proactive effort to prevent a major wildfire from devastating Big Basin Redwoods State Park, a dedicated group of advocates is taking decisive action.
Firefighters on California's Central Coast battled a fire that broke out Friday at the same power plant where a massive lithium battery fire took place last year.
A San Jose married couple and an employee were charged with running a brothel out of a Cupertino day spa business, prosecutors said on Thursday.
Firefighters battling major wildfires in California's Big Sur region are continuing to make progress, as authorities lifted evacuation orders for one of the fires Wednesday.
Mayor Matt Mahan said the new data-tracking system, UrbanLogiq, estimates that roughly 3,700 people are still living in the streets. Down from the last internal city count of just over 5,400.
More than seven years after a deadly drive-by shooting in Fairfield, two reputed gang members have been found guilty, prosecutors said Friday.
A man who was found dead at the base of a cliff in the Marin Headlands this week was identified as a resident of Placer County, authorities said on Friday.
Four people were arrested days after an assault in downtown Sonoma that left a man dead, authorities said.
A growing number of residents in two Northern California counties have been allowed to return home as firefighters increased containment on the Lucas Fire burning near the Mendocino National Forest.
A masseuse in the North Bay was arrested following the alleged sexual assaults of two customers at a massage parlor over the weekend, authorities said.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
Kaila Charles had 16 points, matched her career high with 12 rebounds and made four steals, Tiffany Hayes scored 10 points a night before her 37th birthday, and the Golden State Valkyries concluded their regular-season home schedule by beating the Seattle Storm 70-57.
Jaron-Keawe Sagapolutele threw for a career-high 413 yards and three touchdowns in California's 49-7 victory over Wagner.
The Niners take on the team with the longest odds to win it all this season as the biggest favorites in Week 2 against the Miami Dolphins in their home opener on Sunday.
The San Jose Sharks have signed coach Ryan Warsofsky to a multiyear contact extension on the first day of training camp before his third season at the helm.
A San Francisco small-business owner is picking up the pieces after four masked burglars broke into her Noe Valley running store early Sunday morning, stealing thousands of dollars worth of shoes and clothing.
The Alameda County Sheriff's Office released video of incident last week involving a wrong-way vehicle on Interstate Highway 580 near San Leandro, followed by a standoff and arrest of two people.
More than seven years after a deadly drive-by shooting in Fairfield, two reputed gang members have been found guilty, prosecutors said Friday.
A Sacramento Sikh truck driver was stabbed 17 times in an unprovoked attack at a Wyoming truck stop on Sunday, his attorney says.
A San Jose married couple and an employee were charged with running a brothel out of a Cupertino day spa business, prosecutors said on Thursday.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
The discussion around AI's future is enormously important and not lost on the attendees at Dreamforce conference in San Francisco.
About 43,000 people are expected to attend the annual AI and enterprise tech conference hosted by Salesforce which comes amid calls for a slowdown in AI developments.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
The CDPH said an unvaccinated passenger who later was hospitalized with measles traveled around the country by train and bus, eventually moving through at least six California counties before heading to Denver, Colorado.
Officials in the East Bay city of Berkeley have issued a warning to residents and doctors amid a rising number of bats that have tested positive for rabies.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
The following is the transcript of the interview with Rep. Ro Khanna, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on Sept. 20, 2026.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
CBS News observed two MS NOW employees being turned away from the White House on Saturday morning.
California Attorney General Rob Bonta has joined a coalition of 19 attorneys general in supporting a federal lawsuit challenging Idaho's law that bars transgender students from using school restrooms and other sex-separated facilities that align with their gender identity.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
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.
The San Francisco Lowrider Parade returned to the Mission District Saturday, alongside a 45th anniversary art exhibit.
Orchestra musicians with the San Francisco Opera have ended a nearly weeklong strike, after reaching a tentative agreement.
Duncan Sheik died on Thursday night, his family said.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
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.
with Darren Peck.
Here's a look at the weather forecast Saturday evening.
Mary D'Orazi is ready for a change. After living in her Oakland home for 23 years, the retired Oakland resident is looking to sell and move to a quieter part of the East Bay, or in the Oakland Hills.
with Zoe Mintz.
Andrea Nakano 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.