Robinhood slashes 23% of its workforce amid trading slump
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
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CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
California employers added 41,400 new jobs in April, dropping the state's unemployment rate to the lowest its been since the start of the pandemic following 14 consecutive months of growth.
California employers added 60,200 jobs in March as the number of unemployed people in the nation's most populous state dipped below 1 million for the first time since the start of the pandemic.
California's economy roared to life in February as employers added a surprising 138,100 new jobs, accounting for more than 20% of all employment gains nationally.
California's unemployment rate held steady in January as the nation's most populous state added 53,600 jobs in a sign the economy is slowly returning to pre-pandemic levels.
Two years into the pandemic, fraudsters continue to target California's unemployment department.
A Castro Valley man faces multiple federal charges after prosecutors said he fraudulently obtained more than $1 million in pandemic unemployment benefits.
California's unemployment rate dipped a half-percentage point in December as the most populous state added 50,700 nonfarm jobs, accounting for more than a quarter of the nation's 199,000 new jobs for the month, according to new data released Friday.
After stealing the identities of death row inmates and even a sitting U.S. senator to make off with billions of dollars in fraudulent unemployment benefits during the pandemic, scammers have now moved on to impersonating doctors to dupe California officials into giving them disability checks.
Hiring in California slowed significantly in November even as the state's unemployment rate dipped below 7% for the first time since the start of the pandemic in March 2020, according to new data released Friday.
A Monterey County judge sentenced a brother and sister this week following their convictions for defrauding the state of more than $17,000 in unemployment benefits.
New national numbers are out, showing first time claims for unemployment fell to 184,000 in the week ended Dec. 4, the lowest level since September of 1969, according to the Labor Department.
Businesses struggled to get through the Great Recession with minimal staff after low demand forced them to lay off workers. The opposite is playing out in the pandemic.
California is now tied with Nevada for the highest unemployment rate in the country at 7.5% after adding just 47,400 new jobs last month.
On Tuesday, the Labor Department released data showing that 4.3 million Americans quit their jobs during the month of August. That's nearly 3% of the entire workforce and is the single highest quitting rate on record.
Federal unemployment benefits, including weekly $300 payments, are set to end by Labor Day for more than 2 million Californians. This will be the largest cut off of unemployment benefits in US history, and it is leaving many people anxious.
A lifeline for many during COVID-19, federal pandemic unemployment benefits will be cut off next week for millions of Californians.
While California employers continue to add new jobs at a record-breaking pace, applications for state unemployment claims remain stubbornly high, a sign the highly contagious delta variant could be giving people pause about returning to work.
Gov. Gavin Newsom's administration on Thursday announced a major change in how California pays unemployment benefits, potentially unlocking payments for up to 100,000 people who have gone weeks or months without assistance.
Hiring in California slowed down in June as employers tried to coax reluctant workers back into their pre-pandemic jobs before expanded unemployment benefits expire in September.
After more than a year of a COVID-19 hiatus, California officials once again Sunday began requiring state residents to provide proof of an employment search to obtain their unemployment benefits.
With the economy almost fully reopened now, businesses are complaining that the state's unemployment benefits are so generous, it's keeping people from looking for work. So, starting this week, those receiving benefits will have to at least say they're looking for a job.
California will stop giving unemployment benefits to people who are not actively applying for jobs, Gov. Gavin Newsom's administration has announced.
With federal COVID-19 aid pouring into states like California, businesses there could be spared billions of dollars of higher taxes in coming years, potentially freeing up money to spend on employees or invest in their operations.
Tens of thousands of Californians have already signed up for the state's new tool to try and stop their data from being sold by brokers, officials say.
A United Airlines flight from Washington D.C. to San Francisco was diverted to O'Hare International Airport in Chicago on Monday night, due to an unruly passenger.
Authorities in the North Bay said they arrested a wanted felon after he allegedly stole a food delivery driver's vehicle and led police on a pursuit over the weekend.
President Trump is speaking at the White House press briefing, highlighting immigration arrests and his record in office.
The Tennessee Titans have agreed to hire Robert Saleh as their coach, hoping he can speed up their rebuild and end the franchise's skid of four straight losing seasons.
Tens of thousands of Californians have already signed up for the state's new tool to try and stop their data from being sold by brokers, officials say.
A United Airlines flight from Washington D.C. to San Francisco was diverted to O'Hare International Airport in Chicago on Monday night, due to an unruly passenger.
Authorities in the North Bay said they arrested a wanted felon after he allegedly stole a food delivery driver's vehicle and led police on a pursuit over the weekend.
President Trump is speaking at the White House press briefing, highlighting immigration arrests and his record in office.
The Tennessee Titans have agreed to hire Robert Saleh as their coach, hoping he can speed up their rebuild and end the franchise's skid of four straight losing seasons.
The video shows a lone coyote swimming in the Bay, its head bobbing above the water as it makes its way to Alcatraz Island.
The sound of the drums filled Caltrain's Celebration Train on Monday.
SFO said the employee worked for the Dubai National Air Travel Agency, DNATA, and that OSHA was at the scene Sunday night interviewing his employer.
During that time, PG&E will complete its final tests of the Mission Substation equipment that was damaged in the fire on Dec. 20.
An investigation is ongoing after a man died days after an assault in San Francisco, authorities said.
Two suspects were arrested following a shooting that followed a carjacking in Oakley and a police chase that ended in Oakley early Monday morning, authorities said.
A three-alarm fire broke out at a multi-story apartment building in downtown Oakland Monday morning, officials said.
A train hit and killed a pedestrian on the tracks in Berkeley on Monday, authorities said.
Police in San Leandro said an officer shot at a man who was allegedly armed with a rifle following a vehicle pursuit early Monday morning.
An investigation is underway after a man died in custody at a Contra Costa detention facility on Sunday, authorities said.
Authorities in Santa Cruz County said they would increase patrols at schools, after a firearm and ammunition were found on a high school campus over the weekend.
Police in Monterey County fatally shot a driver during a traffic stop over the weekend, according to authorities.
A man suspected in a crime spree involving more than 100 auto break-ins at four housing complexes in San Jose has been arrested, police said Friday.
The suspect in the kidnapping and sexual assault of a teenage girl in San Jose was identified as a registered sex offender, police announced on Friday.
From the California coast, you can see a lot of surfers. It's not so easy to see a blue whale. However, at UC Santa Cruz, you can walk right up to a legendary blue whale, or at least its skeleton.
Authorities in the North Bay said they arrested a wanted felon after he allegedly stole a food delivery driver's vehicle and led police on a pursuit over the weekend.
"Piper Lane Preserve" in Fairfax is officially a home for wildlife after a group of homeowners raised money to buy an acre of land from a housing developer.
A group of protesters and faith leaders held vigil in front of the Sonoma County Adult Detention Facility to draw attention to something that is becoming rare among Bay Area communities.
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.
A man serving life in prison for a deadly gang shooting in Southern California has died following an altercation with another inmate at a prison in Solano County, officials said.
The Tennessee Titans have agreed to hire Robert Saleh as their coach, hoping he can speed up their rebuild and end the franchise's skid of four straight losing seasons.
Warriors star Jimmy Butler was helped off the court with a right knee injury at the 7:41 mark of the third quarter against his former Miami team.
A program that had played in a grand total of 13 bowl games in the 130-some years before coach Curt Cignetti arrived in 2024 went on a historic run en route to a 16-0 season and a national title.
Will Smith scored for a second straight game and a rare goalie fight highlighted San Jose's 4-1 win over the two-time defending champion Florida Panthers.
The San Francisco 49ers packed up their belongings and headed home as work was being done around their home venue to get Levi's Stadium ready to host the Super Bowl next month.
Authorities in the North Bay said they arrested a wanted felon after he allegedly stole a food delivery driver's vehicle and led police on a pursuit over the weekend.
Two suspects were arrested following a shooting that followed a carjacking in Oakley and a police chase that ended in Oakley early Monday morning, authorities said.
Authorities in Santa Cruz County said they would increase patrols at schools, after a firearm and ammunition were found on a high school campus over the weekend.
The video shows burglars slicing into display cases under the eyes of several Louvre Museum staff members who do not intervene.
Police in Monterey County fatally shot a driver during a traffic stop over the weekend, according to authorities.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
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.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
Several East Bay hospitals that serve Alameda County's most vulnerable residents have issued layoff notices to staff, citing major federal cuts to Medicaid that administrators say will significantly affect their finances.
Officials said there were 35 cases of wild mushroom poisoning across California between Nov. 18 and Jan. 4. In an average year, fewer than five cases of wild mushroom poisoning occur statewide, according to Sonoma County health officials.
President Trump is speaking at the White House press briefing, highlighting immigration arrests and his record in office.
Andrew Johnson is the latest in a series of pardoned Jan. 6 riot defendants to face new criminal charges.
President Trump has reshaped America's approach to foreign policy, pressured political enemies, downsized the federal workforce and prioritized deportations his first year in office.
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
DHS Secretary Kristi Noem defended ongoing immigration operations in Minnesota, and said a federal judge's order limiting the tactics federal agents can use "didn't change anything."
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.
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.
The National Football League will kick off Super Bowl LX with an opening ceremony performance by hometown rock legends Green Day as part of the festivities at Levi's Stadium in Santa Clara, the league announced Sunday.
The original member of the Grateful Dead had tirelessly carried on the band's music for three decades, and on Saturday, the City of San Francisco said goodbye in a public memorial called The Homecoming.
The livestream unfolded with his team from LaRussell's garage, where he connected with fans through Instagram Live. During the broadcast, one woman shared that she was facing eviction. LaRussell covered the exact amount she needed to remain in her home.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
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.
After a chilly and foggy start, expect highs in the 50s and 60s on Tuesday. The dry trend continues for at least the next several days. Jessica Burch has the forecast.
Amanda Hari reports on a coyote making a journey to Alcatraz Island. 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
Kara St. Cyr reports on Terry Francois, a civil rights leader 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
Kelsi Thorud reports Niners fans showing up to support players. 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
John Ramos reports on a new nature preserve in Fairfax that was created to prevent housing from being built. 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.