Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
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In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Spending from the first round of stimulus propped up the economy. But that money is gone, and a more stimulus is unlikely in the coming weeks.
Officials from California's unemployment benefits agency said Wednesday it cleared about 246,000 of its more than 1.6 million backlogged claims following a two-week "reset" where it stopped taking new applications and focused on improving its technology.
More stimulus checks would help suffering Americans and prop up the sagging U.S. economy, but Democrats and Republicans haven't yet agreed on a deal.
The Employment Development Department reopens for business this week. The agency is promising major security changes after a government strike team found rampant inefficiencies and fraud. One big reason for much of the problem is organized crime.
The revised HEROES Act, passed by Democrats in the House, would still include stimulus payments and enhanced unemployment benefits.
Stimulus discussions are back on the table in Washington, but time is growing short to deliver a second round of stimulus payments before the election.
Time is running out on a stimulus package passing before the election, even as the need for another stimulus check and additional unemployment payments remains strong.
Unemployed individuals who qualify for an additional $300 under Trump's Lost Wages Assistance program may receive up to six weeks worth of benefits.
President Trump's Lost Wages Assistance program is intended to increase weekly unemployment benefits, but implementation has been slow.
California's unemployment agency is not answering 60% of the calls it receives for help as the overwhelmed department struggles to work through more than 1 million pending claims five months into the pandemic.
Normally, adding more than 140,000 jobs would be cause for celebration by the standards of the past few decades. But the coronavirus has upended what's normal.
States react to President Trump's executive order extending additional weekly unemployment insurance payments in the amount of $400.
Gov. Gavin Newsom on Monday said President Trump's unemployment plan falls far short of what California needs in terms of funding and addressed the state's ongoing issues with COVID testing data for the first time.
Unemployment's sizable decline in July still reflects a slowing economic recovery in the face of the unchecked coronavirus pandemic.
Californians who have lost their jobs now appear to be losing some hope of ever being called that to work.
Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed Monday in the Capitol, with issues like food for the poor and aid to schools assuming a higher profile in the talks.
Nearly 30 million out-of-work Americans - including thousands in the Bay Area - are scrambling to figure out pay for basic expenses as expanded, federal $600-a-week unemployment benefits expire.
With the first round of economic stimulus running out, millions of Americans are about to take a massive hit to their household budget.
Thousands of workers who sell food to the fans at Chase Center and Oracle are out of a job, due to the pandemic.
A new COVID-19 stimulus bill was expected to be unveiled on Monday by Republican leaders after the $600 weekly federal unemployment boost expired for millions of Americans over the weekend.
The extra $600 federal unemployment benefit that has been a lifeline for about 30 million Americans is set to expire this weekend.
California unemployment claims have climbed to their highest levels in nearly three months as surging coronavirus cases halt plans to reopen the economy, and an extra $600 in weekly federal unemployment benefits is set to expire at the end of the week.
California added a record 558,000 jobs in June as many more businesses reopened but the gains announced Friday by the state are expected to be short-lived.
As the state's economy begins reawakening from it's more than 3-month slumber brought on by the COVID-19 outbreak, signs of the damage left behind from the shutdown continues to mount.
In the North Bay, tractors have been commonly used to trim down dry brush, but grazing is now gaining popularity.
Pinch-hitter Ty France delivered a two-run triple in the seventh inning to put San Diego ahead to stay as the Padres picked up a 5-1 win over the San Francisco Giants on Wednesday.
After years of devastating wildfires, droughts, and floods, many North Bay communities banned new gas stations as part of an effort to fight climate change. But the Town of Windsor may be making a U-turn.
For more than 20 years, a Pleasanton woman has provided special handmade gifts of comfort to children in crisis.
During Asian American and Pacific Islander Heritage Month, we want to highlight the life and legacy of Japanese American Takayoshi "Dick" Miyagawa.
In the North Bay, tractors have been commonly used to trim down dry brush, but grazing is now gaining popularity.
Pinch-hitter Ty France delivered a two-run triple in the seventh inning to put San Diego ahead to stay as the Padres picked up a 5-1 win over the San Francisco Giants on Wednesday.
After years of devastating wildfires, droughts, and floods, many North Bay communities banned new gas stations as part of an effort to fight climate change. But the Town of Windsor may be making a U-turn.
For more than 20 years, a Pleasanton woman has provided special handmade gifts of comfort to children in crisis.
During Asian American and Pacific Islander Heritage Month, we want to highlight the life and legacy of Japanese American Takayoshi "Dick" Miyagawa.
On what would have been his 95th birthday, a stretch of Interstate 80 in San Francisco has been officially renamed to honor San Francisco Giants legend Willie Mays.
Authorities on the Peninsula said five human trafficking survivors were rescued and one person was detained as part of a nationwide operation.
Two Southern California residents suspected of multiple felony and misdemeanor crimes and were arrested after a traffic stop in the Bay Area on Sunday evening, authorities said.
A coyote that gained international attention after it was spotted swimming in frigid San Francisco Bay and arriving at Alcatraz Island earlier this year began its epic swim farther away than initially assumed, according to the National Park Service.
The neighborhood across from Cuesta Park has been undergoing a replacement of all the water main pipes, and the problem began April 24. A contract worker reportedly recharged a water main without properly closing a valve, sending some cement slurry into the line.
For more than 20 years, a Pleasanton woman has provided special handmade gifts of comfort to children in crisis.
California lawmakers are considering a bill that would ensure insurance companies cover the cost of scalp cooling technology for cancer patients.
A man was shot to death in a neighborhood in Antioch on Monday morning and a suspect was arrested nearby, police said.
Oakland City Councilmember Carroll Fife said she supports Oakland First Fridays because it helps boost local businesses, but said the city is dealing with a broader crowd-control problem in the uptown and downtown areas.
Police in Oakland released additional details and vowed more arrests would be made, after dozens of riders on ATVs and dirt bikes took over the Bay Bridge on Sunday.
During Asian American and Pacific Islander Heritage Month, we want to highlight the life and legacy of Japanese American Takayoshi "Dick" Miyagawa.
A man who shot a Mountain View police officer at point blank range during a traffic stop in 2022 was found guilty of attempted murder, authorities said.
A hospital in Santa Clara County is working to find the source of contamination that led to several people being infected by Legionella bacteria.
A shooting at an apartment complex in San Jose left one person dead and the shooter was at large, police said.
Authorities in the South Bay have arrested a man in connection with at least two sexual assaults involving a local tattoo business and are searching for any additional victims.
In the North Bay, tractors have been commonly used to trim down dry brush, but grazing is now gaining popularity.
After years of devastating wildfires, droughts, and floods, many North Bay communities banned new gas stations as part of an effort to fight climate change. But the Town of Windsor may be making a U-turn.
Just before 8:30 p.m., officers near Sebastopol Road and Avalon Avenue heard multiple gunshots coming from Dutton Avenue, just outside of the festival area.
Three retail theft suspects were arrested after a chase by sheriff's deputies in Santa Rosa and a crash over the weekend, authorities said.
Police in Vallejo have launched a homicide investigation following the death of a woman who was dropped off at a hospital with a gunshot wound last week.
Pinch-hitter Ty France delivered a two-run triple in the seventh inning to put San Diego ahead to stay as the Padres picked up a 5-1 win over the San Francisco Giants on Wednesday.
On what would have been his 95th birthday, a stretch of Interstate 80 in San Francisco has been officially renamed to honor San Francisco Giants legend Willie Mays.
With yet another top-five pick, GM Mike Grier and his staff can augment a young group already led by Macklin Celebrini and including Will Smith and Michael Misa.
Jackson Merrill had three hits and drove in two runs, Xander Bogaerts homered and the San Diego Padres tied their season highs for hits with 14 and runs in a 10-5 victory over the San Francisco Giants.
Jonathan Aranda hit a game-ending single in the 10th inning to cap a 4-for-5 afternoon, and the Tampa Bay Rays beat the San Francisco Giants 2-1 to complete a three-game sweep.
A man who shot a Mountain View police officer at point blank range during a traffic stop in 2022 was found guilty of attempted murder, authorities said.
A shooting at an apartment complex in San Jose left one person dead and the shooter was at large, police said.
Authorities in the South Bay have arrested a man in connection with at least two sexual assaults involving a local tattoo business and are searching for any additional victims.
Authorities on the Peninsula said five human trafficking survivors were rescued and one person was detained as part of a nationwide operation.
Just before 8:30 p.m., officers near Sebastopol Road and Avalon Avenue heard multiple gunshots coming from Dutton Avenue, just outside of the festival area.
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
Career experts say workers and job seekers should take charge of their own AI education. Here's how to get started.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
As AI-generated music spreads, Spotify says it wants to help users "trust the authenticity" of what they're listening to.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
A hospital in Santa Clara County is working to find the source of contamination that led to several people being infected by Legionella bacteria.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
An ice cream company based in the San Francisco Bay Area is recalling dozens of products after they were sold without labels disclosing potentially dangerous allergens.
Health officials in San Francisco announced Wednesday that an infant who recently traveled outside the United States has tested positive for measles.
A former cellmate has previously claimed that the note was written by Epstein after a failed suicide attempt less than a month before his death.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
"I do think this particular job plays a more direct role in the everyday lives of Californians than just about any other role in state politics," said Caroline Heldman, a professor at Occidental College.
The 81-year-old former New York City mayor has been hospitalized for pneumonia, his spokesperson said.
Philz Coffee will once again sport the Pride flag at its cafés after a directive to have them and other flags removed created a backlash.
The Trump administration agreed to restore the Stonewall National Monument's Pride flag in Greenwich Village after it was removed.
Philz Coffee's move to remove the Pride flag and all other flags from their stores is brewing up some strong reaction.
Transgender women athletes are now excluded from women's events at the Olympics after the IOC agreed to a new eligibility policy on Thursday.
The Trump administration has given San Jose State University 10 days to change its policy on transgender athletes or face legal action and possibly lose federal funding.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
At Last Rites, the weekly gathering goes beyond simply watching a television show. For fans, it's an immersive experience, one that brings them closer to the world of "Survivor," and to each other.
Jake was at the funeral for one of his closest friends when he learned of his parents' deaths, he said.
Michael Tilson Thomas, the 12-time Grammy Award winning composer and famed conductor who led the San Francisco Symphony for a quarter century, has died.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
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.
In the North Bay, tractors have been commonly used to trim down dry brush, but grazing is now gaining popularity.
The North Bay town of Windsor could be turning to the pump to help deal with its deficit. The Town Council will consider repealing a ban on building new gas stations to help balance the books. John Ramos reports.
Bay Area thieves area causing constant damage and widespread internet outages in search of copper wire, while crews repeatedly replace wiring in the same areas. Brad Hamilton reports on why it is so hard to stop the theft.
With the Levi's Stadium hosting World Cup matches for the first time since 1994, the hype is not translating into increased Bay Area hotel reservations. Kenny Choi reports.
For more than 20 years, a Pleasanton woman has provided special handmade gifts of comfort to children in crisis. Sharon Chin 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.