Stocks fall as recession fears weigh on market
"Disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood," said one analyst.
Watch CBS News
"Disappointing U.S. data releases and hawkish Fed rhetoric are also adding to the risk-off mood," said one analyst.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
Wall Street's recent wild ride isn't driven by nervous portfolio managers, retirees looking at their 401(k) statements or any other human traders.
tocks were pummeled on Friday and Monday. The Dow fell more than 1,000 points over two sessions. Here's what's going on.
The Dow dropped 650 points, or 2.5%, on Friday despite a strong jobs report that showed wage growth is finally starting to pick up.
Apple and other U.S. tech stocks were rocked Monday by continued worries over China's economy, following an early sell-off on Friday.
Scientists say by monitoring search terms, they can predict the behavior of stock markets.
A study has found that declines in the stock market may put your health at risk.
The turmoil on Wall Street has hit the nation's largest public pension fund, which has lost about $18 billion off the value of its stock portfolio since July 1.
The City of Sacramento will pay $2.2 million in a civil settlement to a man suffering a traumatic brain injury after police fired a less lethal round at his head during the George Floyd protests.
As the deadline approaches for Gov. Gavin Newsom's executive order mandating California state workers return to in-person work four days a week, there is a new bipartisan effort to change state law and allow the current telework structure to continue.
Western Hills board president Mark Kovich said the current board inherited the financial situation after taking office in 2022, noting that payments to Kern County Water Agency stopped in 2019 under prior leadership.
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
San Francisco 49ers defensive lineman Keion White was shot and injured early Monday morning in San Francisco, the team confirmed.
Bad Bunny featured a real wedding during his Super Bowl halftime show at Levi's Stadium in Santa Clara – a ceremony that was officiated by a pastor from Sacramento.
As the deadline approaches for Gov. Gavin Newsom's executive order mandating California state workers return to in-person work four days a week, there is a new bipartisan effort to change state law and allow the current telework structure to continue.
The City of Sacramento will pay $2.2 million in a civil settlement to a man suffering a traumatic brain injury after police fired a less lethal round at his head during the George Floyd protests.
The body of a missing Stockton mother, Lupita Ontiveros, was recovered from a canal after a dune buggy crash at the end of January, her family tells CBS Sacramento.
Western Hills board president Mark Kovich said the current board inherited the financial situation after taking office in 2022, noting that payments to Kern County Water Agency stopped in 2019 under prior leadership.
Bad Bunny featured a real wedding during his Super Bowl halftime show at Levi's Stadium in Santa Clara – a ceremony that was officiated by a pastor from Sacramento.
The City of Sacramento is considering joining a growing list of California cities and counties creating rules to ban U.S. Immigration and Customs Enforcement operations on city property.
A proposed set of upgrades to Rio Americano High School's stadium is drawing both support and pushback, with the deadline approaching to submit public input as part of the project's environmental review.
Adoption is becoming the newest way to assist people who are homeless in Sacramento. Here is an inside look at the unusual fundraising effort at one local homeless shelter and how the money will help.
Mark Zuckerberg and his company, Meta, are putting $50 million into a partnership to build a new Sacramento State University campus where old, unused state office space currently sits downtown.
As the deadline approaches for Gov. Gavin Newsom's executive order mandating California state workers return to in-person work four days a week, there is a new bipartisan effort to change state law and allow the current telework structure to continue.
The Super Bowl LX countdown has the NFL trying to tackle concerns over U.S. Immigration and Customs Enforcement activity around Levi's Stadium.
A 59-vehicle pile-up shut down a main California highway Saturday morning as fog severely limited visibility.
A California Supreme Court ruling involving a Sacramento traffic stop bars police from stopping or ticketing drivers over loose marijuana, ruling that it's similar to spilled beer and not readily consumable.
California's snowpack saw a drop in January after several weeks of no snow eliminated gains from a series of atmospheric rivers weeks ago, water officials said on Friday.
San Francisco 49ers defensive lineman Keion White was shot and injured early Monday morning in San Francisco, the team confirmed.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
James Harden scores 23 points in his Cavaliers debut, helping Cleveland secure a 132-126 victory over Sacramento.
The City of Sacramento will pay $2.2 million in a civil settlement to a man suffering a traumatic brain injury after police fired a less lethal round at his head during the George Floyd protests.
As the deadline approaches for Gov. Gavin Newsom's executive order mandating California state workers return to in-person work four days a week, there is a new bipartisan effort to change state law and allow the current telework structure to continue.
A federal judge has blocked a California law from going into effect that would ban federal immigration agents from covering their faces but they will still be required to wear clear identification showing their agency and badge number.
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Yuba City is looking to crack down on unpermitted street vendors after seeing an uptick in unpermitted street food vendors over the past few years.
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.
The Harmony Health Street Medicine team spends their days visiting encampments and connecting with vulnerable people, meeting them where they are and offering care outside of a clinic and without barriers.
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.
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
Clean-up has started in Chinese Camp after the TCU September Lightning Complex Fire ripped through the Gold Rush town earlier this month.
The fires burning in Calaveras and Tuolumne County caused air quality officials to issue a smoke advisory, warning people that the air quality may be unhealthy for sensitive groups.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
The City of Sacramento will pay $2.2 million in a civil settlement to a man suffering a traumatic brain injury after police fired a less lethal round at his head during the George Floyd protests.
Steve Large reports.
Western Hills board president Mark Kovich said the current board inherited the financial situation after taking office in 2022, noting that payments to Kern County Water Agency stopped in 2019 under prior leadership.
Bad Bunny featured a real wedding during his Super Bowl halftime show at Levi's Stadium in Santa Clara – a ceremony that was officiated by a pastor from Sacramento.
Here is a look at your next seven days of weather!