The Federal Reserve lowers interest rates by 0.25 percentage points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
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The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.
CBS News Business Analyst Jill Schlesinger joins on what the cut of interest rates means to our wallets and the future of inflation. For more analysis go to www.jillonmoney.com. (09-19-2024)
Sooji Nam reports on the impact the interest rate cut by the Federal Reserve could have on the San Francisco Bay Area housing market.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The August employment report shows 142,000 jobs added to the United States with the labor market saying inflation seems to cool down. For more analysis go to www.jillonmoney.com. (08-06-2024) 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
Signs that the job market is slowing down are renewing investor concerns that the U.S. economy is losing steam.
The Federal Reserve is leaving its benchmark interest rate unchanged as investors look for signals that a cut is imminent.
CBS News Business Analyst Jill Schlesinger explains the month of June’s numbers and if we are close to seeing lowered interest rates. For more analysis go to www.jillonmoney.com. (07-11-2024) 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
Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: "strong, but not overheated."
The latest CBS News poll found that 72% of Americans say higher prices have been a hardship or more difficult, and 63% rate the economy as fairly bad or very bad. Mark Strassmann on how voters are feeling amid the signs that inflation is cooling — but not fast enough for many Americans.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins "The Daily Report" to discuss what the record mark suggests about the economy.
In the latest inflation report, CBS News Business Analyst Jill Schlesinger discusses the “financial diet” in American loan debt while percentages see an all-time high. For more analysis, go to www.jillonmoney.com. (05-15-2024) 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
CBS News Business Analyst Jill Schlesinger joins Nicole Zaloumis to discuss how the monthly employment report has lowered compared to other months while the fed hopes wages and inflation cool down. (05-03-2024) 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
The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.
Inflation-weary consumers have also been slammed by high borrowing costs, but the Fed is cautious about sticky inflation.
U.S. economic growth slowed more than expected in first quarter of 2024, with inflation-weary consumers tightening their belts and spending less, the government reported on Thursday. Interview with CBS business analyst Jill Schlesinger.
The Federal Reserve wrapped up its policy meeting Wednesday with an announcement about interest rates. Interview with CBS News business analyst Jill Schlesinger
The Fed left its benchmark interest rate unchanged amid persistent inflation. Bankers are predicting three rate cuts later this year.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
It has been a blockbuster year for investors, with the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all up with double-digit gains. However, the Federal Reserve battled the worst inflation in decades with several rate hikes, and 2023 marked the worst banking crisis since 2008, with three major institutions collapsing. Astrid Martinez reports.
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
The high-profile Bob Lee murder trial stretched into its sixth week in a San Francisco courtroom Monday, with jurors getting a chance to pose questions to the defendant accused of fatally stabbing the Cash App founder last year.
Nestled in the heart of Berkeley is a quaint little shop where the past refuses to fade.
Vallejo police said two people were found fatally shot at the scene of a car crash Sunday night.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms.
At least one person has died after a boat capsized near Bodega Bay in Sonoma County Monday afternoon, authorities said.
The high-profile Bob Lee murder trial stretched into its sixth week in a San Francisco courtroom Monday, with jurors getting a chance to pose questions to the defendant accused of fatally stabbing the Cash App founder last year.
Nestled in the heart of Berkeley is a quaint little shop where the past refuses to fade.
Vallejo police said two people were found fatally shot at the scene of a car crash Sunday night.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms.
At least one person has died after a boat capsized near Bodega Bay in Sonoma County Monday afternoon, authorities said.
The high-profile Bob Lee murder trial stretched into its sixth week in a San Francisco courtroom Monday, with jurors getting a chance to pose questions to the defendant accused of fatally stabbing the Cash App founder last year.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms.
San Francisco Mayor-elect Daniel Lurie announced members of his transition team, a group that he described as "shaking up the status quo" which include OpenAI CEO Sam Altman and retired Fire Chief Joanne Hayes-White.
The San Francisco 49ers got a taste of what their defense looks like without Nick Bosa in the second half of a loss to Seattle.
Five Congressional and state leaders from San Mateo County on Monday called upon embattled Sheriff Christina Corpus to resign, saying her continued tenure impacts public safety.
Nestled in the heart of Berkeley is a quaint little shop where the past refuses to fade.
Alameda County District Attorney Pamela Price sent out a statement Monday acknowledging the successful recall, saying the voters have spoken.
A city in the Bay Area has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force when a K-9 dog tore out a woman's scalp during her arrest.
The Port of Oakland will receive nearly $50 million in federal funding for infrastructure upgrades as part of the $580 million national investment in port improvements under the Bipartisan Infrastructure Law.
On Sunday in Pleasanton, fans of the game got a chance to see how the professionals do it, as a new league is bringing some of the best table tennis players in the world to the Bay Area.
A report of a family disturbance in a San Jose neighborhood led to a police shooting Sunday night.
An Alaska Airlines flight into San Jose landed safely after calling for a priority landing Sunday evening, the airliner said.
As San Jose State University women's volleyball team gears up for their final games of the regular season, a new lawsuit is challenging their post-season eligibility.
With home ownership and rental prices out of reach, people in neighborhoods across the bay move into RVs and other oversized vehicles to give them some way to stay. In San Jose, encampments forming around those RVs are a source of growing frustration.
November 15th is "America Recycles Day". It's the only nationally recognized day that's dedicated to promoting and celebrating recycling. But along the Monterey Peninsula, a group of graduate students got a head start with their annual "Trash Bash."
Vallejo police said two people were found fatally shot at the scene of a car crash Sunday night.
At least one person has died after a boat capsized near Bodega Bay in Sonoma County Monday afternoon, authorities said.
A Vallejo man was federally indicted on sexual exploitation of a minor and other charges, according to documents unsealed by the U.S. Department of Justice.
The Sonoma County Sheriff's Office arrested a suspect in connection to a killing in Valley Ford on Saturday.
Community tips helped Santa Rosa police identify a suspected burglar and seize 13 illegally possessed firearms, resulting in two arrests, police said.
The San Francisco 49ers got a taste of what their defense looks like without Nick Bosa in the second half of a loss to Seattle.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Geno Smith scored on a 13-yard scramble with 12 seconds remaining and the Seattle Seahawks snapped a six-game losing streak against the San Francisco 49ers with a 20-17 victory.
San Francisco 49ers tight end George Kittle will miss the game against the Seattle Seahawks with a hamstring injury.
Ashton Jeanty rushed for 159 yards and three touchdowns as No. 13 Boise State beat San Jose State 42-21 for its eighth straight win.
The high-profile Bob Lee murder trial stretched into its sixth week in a San Francisco courtroom Monday, with jurors getting a chance to pose questions to the defendant accused of fatally stabbing the Cash App founder last year.
Vallejo police said two people were found fatally shot at the scene of a car crash Sunday night.
A city in the Bay Area has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force when a K-9 dog tore out a woman's scalp during her arrest.
A 31-year-old bicyclist died after she was hit by a driver in San Carlos over the weekend, authorities said Monday.
A report of a family disturbance in a San Jose neighborhood led to a police shooting Sunday night.
Autonomous vehicle company Cruise LLC agreed to a $500,000 fine Thursday after admitting to a false report following a crash last year in which one of its vehicles dragged a pedestrian in San Francisco.
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
The new Stanford Robotics Center, which will be developing machines for future use in medicine, the arts, ocean and space exploration and your own home, recently opened its doors for the first time.
The app crashed the same day Starbucks introduced its holiday menu, preventing customers from placing mobile orders.
"Social media is doing harm to our kids and I'm calling time on it," says Australian Prime Minister Anthony Albanse.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
The power of music is comforting patients undergoing palliative care, helping them and their loved ones through an extremely emotional and difficult time.
Robert F. Kennedy Jr. has vowed to combat "the chronic disease epidemic in this country" in the Trump administration, with the slogan "Make America Healthy Aagain."
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
San Francisco Mayor-elect Daniel Lurie announced members of his transition team, a group that he described as "shaking up the status quo" which include OpenAI CEO Sam Altman and retired Fire Chief Joanne Hayes-White.
Alameda County District Attorney Pamela Price sent out a statement Monday acknowledging the successful recall, saying the voters have spoken.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Five Congressional and state leaders from San Mateo County on Monday called upon embattled Sheriff Christina Corpus to resign, saying her continued tenure impacts public safety.
The Port of Oakland will receive nearly $50 million in federal funding for infrastructure upgrades as part of the $580 million national investment in port improvements under the Bipartisan Infrastructure Law.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms. Jose Martinez reports.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms.
As San Jose State University women's volleyball team gears up for their final games of the regular season, a new lawsuit is challenging their post-season eligibility.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
One of the great voices in modern metal returns to the Bay Area the day before Thanksgiving when King Diamond headlines the Fox Theater in Oakland with support from thrash veterans Overkill and SoCal metal trio Night Demon.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
The 46-year-old Houston native – whose name is Jason Head – was putting a gun away at his ranch when it "slipped out of the holster, hit the side of the jeep and discharged into his stomach area," his publicist said.
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.
Anne Makovec reports on the death of a beloved community figure in Pleasanton. 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
Kevin Ko reports on a San Francisco clinic touting the benefits of ketamine-assisted psychotherapy.
CBS News Bay Area evening edition headlines for Nov. 18, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
Lauren Toms reports on testimony in the Bob Lee murder trial turning to jurors' questions.
Itay Hod reports on how typewriters are making a comeback in the Bay Area. 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
This week's Jefferson Award winner is a Berkeley woman who has promoted child literacy for four decades, as host of a community TV show encouraging young poets.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
While stroke rehabilitation is often a difficult road, a South Bay couple is providing local patients some valuable support.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
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.