Realtors Worry Downturn In Chinese Economy Could Cool Red-Hot Bay Area Real Estate Market
Some of the most bullish local realtors have been flinching as markets on both sides of the Pacific have plunged.
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Some of the most bullish local realtors have been flinching as markets on both sides of the Pacific have plunged.
Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.
New home sales surged higher by nearly 7% in April, durable goods orders rebounded with a business investment spending improving for the second straight month, a critical sign for growth, and even consumer confidence is on the rise, although that really hasn't translated into higher retail spending, in spite of lower gas prices and an improving job market.
Uber is reportedly seeking a new round of financing that could make the San Francisco-based ridesharing startup worth $50 billion, before offering publicly traded stock.
Twitter's stock is falling sharply after the company's earnings — due to be released after the stock market closes — came out ahead of time.
Cash rained down on startups in 2014 but with valuations so high, critics suggest some investors may be setting themselves up for a major fall.
Uber's $40 billion valuation had investors from Wall Street to Silicon Valley abuzz a day after the ride-sharing company announced it had received more money from venture capitalists than any private company this year.
On Thursday nights at San Quentin, inmates pack a classroom to hear from a man they call "The Oracle."
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.
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.
Yahoo is still prospering from its lucrative investments in Asia while the Internet company's listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer.
Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 percent to 45 percent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy money policies in the United States and Europe. They're also fretting over country-specific troubles around the world—from economic mismanagement in Argentina to political instability in Turkey.
Twitter's stock slid more than 7 percent on its second trading day Friday, after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
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As Twitter prepares to complete its initial public offering of stock this week, the San Francisco company's history of losses totaling nearly $500 million is raising questions about its ability to turn a cultural phenomenon into a sustainable business.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
Twitter, a privately held company built on blurbs, has finally laid itself bare in documents that read more like a treatise than a tweet.
The personal fortune of Twitter co-founder Evan Williams probably will take up 10 characters once the online communications company goes public.
A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.
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.
Several Bay Area stocks were among those losing ground Thursday. Apple Inc. was down more than $6 on the day, while Google stock was off more than $10 and Chevron slid some 2.5 percent.
Technology companies led the Standard & Poor's 500 index to an all-time closing high Monday. Apple surged 3 percent, or $12.92, to $430.12.
An Oakland Fire Department dispatcher was honored on Friday in a ceremony where she met the parents of a baby she calmly helped deliver over the phone when the mother unexpectedly went into labor.
The community of Foster City on the Peninsula announced that they have been hit by a cybersecurity breach and are planning to declare a state of emergency.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Santa Clara was seeking its first tournament win since 1996, when future NBA MVP Steve Nash was a senior.
A surfer in Northern California was injured in a reported shark attack off a public beach, prompting the temporary closure of the beach, authorities said.
An Oakland Fire Department dispatcher was honored on Friday in a ceremony where she met the parents of a baby she calmly helped deliver over the phone when the mother unexpectedly went into labor.
The community of Foster City on the Peninsula announced that they have been hit by a cybersecurity breach and are planning to declare a state of emergency.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Santa Clara was seeking its first tournament win since 1996, when future NBA MVP Steve Nash was a senior.
A surfer in Northern California was injured in a reported shark attack off a public beach, prompting the temporary closure of the beach, authorities said.
The community of Foster City on the Peninsula announced that they have been hit by a cybersecurity breach and are planning to declare a state of emergency.
Illuminate, the nonprofit hosting the event, said founder Ben Davis, and the artist behind The Bay Lights, Leo Villareal, will be in attendance and speak ahead of the grand relighting.
The parents of a San Francisco police recruit who died last year after having a medical emergency during academy training are filing a wrongful death suit against the department and the city.
The deal to offer a 14% raise over the next four years was unanimously approved by the San Francisco Police Board of Directors. It still needs the vote of rank and file, and the Board of Supervisors.
Maintaining acres of flowers and gardens at the historic Fioli House and Garden in Woodside, in the middle of a heat wave, is a job easier said than done.
An Oakland Fire Department dispatcher was honored on Friday in a ceremony where she met the parents of a baby she calmly helped deliver over the phone when the mother unexpectedly went into labor.
The Bay Area and Central Coast are expected to see one more day of record hot temperatures before relief arrives, as an unprecedented March heat wave entered its fifth day on Friday.
The second of two rescued tigers being cared for at the Oakland Zoo was euthanized after it was recently diagnosed with cancer, the zoo announced.
Voters in Alameda County may decide on a proposal later this year that would raise the county's minimum wage to $30 an hour, nearly double the state's current minimum wage.
A Hayward police officer is suspected of unlawfully and knowingly accepting a $1,000 bribe and "free access to sex workers," the Alameda County District Attorney's Office said.
Santa Clara was seeking its first tournament win since 1996, when future NBA MVP Steve Nash was a senior.
A Hayward police officer is suspected of unlawfully and knowingly accepting a $1,000 bribe and "free access to sex workers," the Alameda County District Attorney's Office said.
To cut down on homelessness in the South Bay, a woman has created what she calls an "emergency room" for people facing eviction.
A person being sought in connection with a possible restraining order violation was arrested after crashing in a San Jose neighborhood, police said. The person was in a stolen vehicle at the time, according to police.
A minor earthquake struck southern Santa Clara County early Tuesday morning, officials said.
Sonoma County sheriff's deputies have made an arrest after a woman died following an attack inside a mobile home near Santa Rosa Wednesday evening.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Marcus Ziemer, part of a Bay Area soccer coaching dynasty and longtime Sonoma State University men's soccer team head coach, died in Germany after a weekend accident.
In downtown Santa Rosa, shady spots with a place to sit and rest were commodities. But it was a quiet day for many businesses.
The driver of a vehicle that entered the water near the Sausalito Yacht Harbor was pronounced dead after being taken to the hospital.
Santa Clara was seeking its first tournament win since 1996, when future NBA MVP Steve Nash was a senior.
San Francisco Giants pitcher Hayden Birdsong will undergo Tommy John surgery and miss the entire season.
Rashaun Agee had 22 points and nine rebounds, and No. 10 seed Texas A&M beat seventh-seeded Saint Mary's 63-50 in the first round of the NCAA Tournament.
All eyes are on new San Francisco Giants manager Tony Vitello as he makes the big jump from coaching the University of Tennessee to major league manager despite no previous professional experience as a player or coach.
Golden State coach Steve Kerr can do the math.
The community of Foster City on the Peninsula announced that they have been hit by a cybersecurity breach and are planning to declare a state of emergency.
The failure to protect explicit case evidence in Denise Huskins' kidnapping and sexual assault case is driving reform at the State Capitol. New developments exposed a little-known gap in state law that could expose videos of sexual assault victims.
A Northern California nanny was arrested and is facing felony charges after she allegedly abused a young child in her care at a park earlier this week.
Sonoma County sheriff's deputies have made an arrest after a woman died following an attack inside a mobile home near Santa Rosa Wednesday evening.
A Hayward police officer is suspected of unlawfully and knowingly accepting a $1,000 bribe and "free access to sex workers," the Alameda County District Attorney's Office said.
The community of Foster City on the Peninsula announced that they have been hit by a cybersecurity breach and are planning to declare a state of emergency.
A college student who survived a fiery crash involving a Tesla Cybertruck in the San Francisco Bay Area has sued the automaker, alleging the vehicle's design trapped the occupants inside.
A Bay Area gender gap in the tech industry threatens the full participation of women in the future of artificial intelligence.
Across San Jose, nearly 474 automated license plate reader cameras scan passing vehicles every day, capturing plate numbers, vehicle descriptions, and location.
The Oakley City Council on Tuesday voted to approve a controversial industrial development near the shoreline following a public meeting where residents on both sides of the issue voiced their concerns.
The early-season heat wave gripping the Bay Area also means the allergy season is already kicking into high gear.
He advises people to lie down, extend their arms, and hold the phones above their heads, or people should hold their phone at eye level, rather than looking down.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The city said there was no evidence of community-spread or of an outbreak, and that the health advisory was issued to give health care providers guidance.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Lawmakers in the California state legislature said they are moving to designate "Farmworkers Day" as a state holiday following sexual abuse allegations against Cesar Chavez.
Voters in Alameda County may decide on a proposal later this year that would raise the county's minimum wage to $30 an hour, nearly double the state's current minimum wage.
Two former FBI agents who helped investigate President Trump's efforts to overturn the 2020 presidential election results sued the federal government, alleging they were wrongfully terminated.
A man has been arrested and accused of a hate crime after a San Francisco church was vandalized over the weekend, police said.
A Yosemite park ranger was fired last year after helping to display a transgender pride flag from El Capitan.
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.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Illuminate, the nonprofit hosting the event, said founder Ben Davis, and the artist behind The Bay Lights, Leo Villareal, will be in attendance and speak ahead of the grand relighting.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
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.
On the first day of Spring, expect one more day of record heat before a cooling trend begins. Zoe Mintz has the forecast.
Kara St. Cyr reports.
Families in San Francisco are taking advantage of a new waterfront park in a once-neglected portion of the India Basin neighborhood. Kelsi Thorud reports.
The wine industry has been struggling with a slowdown in business in recent years. Kara St. Cyr reports.
The National Day of Clean is a campaign to carry out 100 million hours of community service by Dr. Martin Luther King Jr's 100th birthday. Veronica Macias 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.