Federal Reserve holds interest rate steady. Here's what that means.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
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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.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse.
Americans are still spending as inflation has finally shown signs of cooling. Still, there are some troubling economic signs. Mark Strassmann breaks it all down.
With inflation finally falling from last year's record highs, the Federal Reserve declined to raise key interest rates for the first time in 15 months. Natalie Brand reports on how the move will affect consumers and whether we could see more rate hikes in the future.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
Latest hike brings the U.S central bank's benchmark interest rate to its highest level in 16 years.
FDIC Chairman Martin Gruenberg estimated about $20 billion would be needed to cover the collapse of Silicon Valley Bank.
Credit card debt among Americans is nearing the trillion-dollar mark. And with the recent interest rate hike, Americans can look forward to higher interest rates. Tanya Rivero has the latest.
The U.S. central bank eases up its efforts to curb inflation amid concerns about banking industry risks.
The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history.
After last week's collapse of Silicon Valley Bank, President Joe Biden urged calm and said there would be accountability. Meanwhile, account holders lined up at bank headquarters to withdraw their money after the federal government guaranteed deposits. Nicole D'Antonio and Devin Fehely reports. (3/13/23)
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Latest jump is the fourth supersized rate hike this year, as the central bank tries to subdue stubbornly high inflation.
Jill Schlesinger reports on the impacts of the latest interest rate hike by the Fed on consumers (9-22-2022)
Naomi Ruchim reports on effort by Feds to curb inflation by hiking interest rates (9-21-2022)
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
CBS News business analyst Jill Schlesinger talks about impact the Federal Reserve's .75% interest rate hike will have (6-16-2022)
The Federal Reserve made its most aggressive move yet to tamp down inflation Wednesday, by raising the interest rate by three-quarters of a percentage point.
The Earthquakes soccer team is looking to expand the events it can host at PayPal Park.
Stephen Curry scored 24 points and moved within two 3-pointers of becoming the first player in NBA history with 4,000, Jimmy Butler had a triple-double, and the surging Golden State Warriors won their fifth straight game by beating the Portland Trail Blazers 130-120.
For years, therapy dogs have comforted hospital patients and kindergarteners. Now, high schools are discovering what wagging tails and wet noses can do for stressed-out teens.
San Francisco told nine-time Pro Bowl fullback Kyle Juszczyk that he will be released before the start of the league year on Wednesday, a source told the Associated Press on Monday.
In Contra Costa and Solano counties, food bank officials are sounding the alarm about how cuts in funding from both federal and state governments are going to hurt an increasing number of families in need.
The Earthquakes soccer team is looking to expand the events it can host at PayPal Park.
Stephen Curry scored 24 points and moved within two 3-pointers of becoming the first player in NBA history with 4,000, Jimmy Butler had a triple-double, and the surging Golden State Warriors won their fifth straight game by beating the Portland Trail Blazers 130-120.
For years, therapy dogs have comforted hospital patients and kindergarteners. Now, high schools are discovering what wagging tails and wet noses can do for stressed-out teens.
In Contra Costa and Solano counties, food bank officials are sounding the alarm about how cuts in funding from both federal and state governments are going to hurt an increasing number of families in need.
Shops in Chinatown are beginning to feel the financial effects of tariffs and worry that raising prices could impact their livelihoods.
For years, therapy dogs have comforted hospital patients and kindergarteners. Now, high schools are discovering what wagging tails and wet noses can do for stressed-out teens.
Shops in Chinatown are beginning to feel the financial effects of tariffs and worry that raising prices could impact their livelihoods.
Flash mobs for dancing, for singing and even for playing music have been documented in viral videos, but a new movement has people gathering together in San Francisco to create a different kind of art.
Golden State Warriors guard Stephen Curry will serve as an assistant general manager for Davidson College's basketball teams.
A low-income housing cooperative for people with HIV and AIDS is fighting to stay open in San Francisco.
Stephen Curry scored 24 points and moved within two 3-pointers of becoming the first player in NBA history with 4,000, Jimmy Butler had a triple-double, and the surging Golden State Warriors won their fifth straight game by beating the Portland Trail Blazers 130-120.
In Contra Costa and Solano counties, food bank officials are sounding the alarm about how cuts in funding from both federal and state governments are going to hurt an increasing number of families in need.
On Saturday, roughly 100 to 150 people gathered at Allen Temple Baptist Church in East Oakland for a mayoral candidate forum.
Mail carriers are continuing their routes despite many USPS trucks and vans often displaying graffiti that obscures their logos and makes them look unrecognizable as federal government vehicles.
Two women who were arrested following a confrontation in the East Bay in which a dog was kicked are facing animal cruelty charges, prosecutors said.
The Earthquakes soccer team is looking to expand the events it can host at PayPal Park.
San Jose police said they are investigating a deadly shooting that happened on Sunday night.
Santa Clara Valley Transportation Authority light rail and bus service is shut down Monday as more than 1,500 front line employees have gone on strike.
An immigration lawyer charged in visa fraud scheme will appear in a Bay Area court Friday after being extradited from Kyrgyzstan back to the United States, federal prosecutors said.
Five people, three adults and two juveniles, were arrested in the January gang-related assault and robbery of a mother and juvenile son, police said Friday.
A father of a student who threatened a school in western Sonoma County Monday morning has been arrested after his actions led to the lockdown and evacuation of two campuses earlier in the day, authorities confirmed.
A pair of relatively weak atmospheric river storm systems will sweep over the Bay Area this week, bringing rain to the Central and North Coasts as well, according to the National Weather Service.
San Rafael police are looking for a hit-and-run driver who allegedly killed a pedestrian Friday night.
Three people linked to retail thefts at Nike stores, including two juveniles, were arrested following a pursuit in the North Bay over the weekend, authorities said.
The Marin County Board of Supervisors will vote on March 11 on whether to declare a three-year "shelter crisis," county officials announced.
Stephen Curry scored 24 points and moved within two 3-pointers of becoming the first player in NBA history with 4,000, Jimmy Butler had a triple-double, and the surging Golden State Warriors won their fifth straight game by beating the Portland Trail Blazers 130-120.
San Francisco told nine-time Pro Bowl fullback Kyle Juszczyk that he will be released before the start of the league year on Wednesday, a source told the Associated Press on Monday.
The Denver Broncos have signed both safety Talanoa Hufanga and linebacker Dre Greenlaw away from the San Francisco 49ers with three-year contracts, according to online reports.
Outfielder Lawrence Butler and the Athletics have finalized a $65.5 million, seven-year contract, another major investment for a team preparing to spend three seasons playing in a temporary minor league home.
Golden State Warriors guard Stephen Curry will serve as an assistant general manager for Davidson College's basketball teams.
San Jose police said they are investigating a deadly shooting that happened on Sunday night.
A father of a student who threatened a school in western Sonoma County Monday morning has been arrested after his actions led to the lockdown and evacuation of two campuses earlier in the day, authorities confirmed.
San Rafael police are looking for a hit-and-run driver who allegedly killed a pedestrian Friday night.
Three people linked to retail thefts at Nike stores, including two juveniles, were arrested following a pursuit in the North Bay over the weekend, authorities said.
A man who police said fired at least one shot and was threatening neighbors is in the hospital after he was struck by gunfire in a shooting involving at least one officer near Golden Gate Park in San Francisco Saturday evening.
A Northern California lawmaker has introduced a proposal seeking to regulate artificial intelligence used to manage employees in the workplace, including a ban on using software to hire and fire employees without human oversight.
Microsoft will soon switch off Skype, a pioneering telecom and video call platform that emerged from the rubble of the dotcom era.
The State Bar of California has announced that retakes of the state's new bar exam will be offered as test takers reported numerous issues with the two-day test used to license attorneys.
Instagram users reported violent and other inappropriate content showing up in their Reels feeds.
Apple credits its DEI program as helping make the iPhone maker the most valuable company in the world.
The sport of boxing is having a powerful impact on individuals with Parkinson's disease thanks to a special curriculum in San Francisco called Rock Steady.
Breakfast chain cites supply shortages and surging prices in its tacking on of temporary extra fee for meals with eggs.
Drug overdoses took a deadly toll in Santa Rosa over the weekend. Police are investigating the deaths of four young people, and the hospitalization of two more, to see if they are connected to a man arrested for selling narcotics, possibly laced with fentanyl.
Recalled supplemental shakes were distributed to hospitals and long-term care facilities nationwide, federal officials say.
Famed conductor and longtime director of the San Francisco Symphony Michael Tilson Thomas announced that his brain tumor has returned and that he is planning to lead his final performance in April.
Congress is staring down a deadline to fund the government by the end of the week, as the familiar threat of a shutdown looms over Washington.
The Marin County Board of Supervisors will vote on March 11 on whether to declare a three-year "shelter crisis," county officials announced.
The dispute will be heard by the Supreme Court in its next term, which begins in October.
A group of Republican-led states sought to block lawsuits brought by a group of Democratic-led states that seek to hold energy companies accountable for climate change.
As Trump's trade war looms over Canada, the ruling Liberal Party has chosen veteran economist Mark Carney to replace Justin Trudeau.
The Trump administration is gearing up to investigate schools for potential Title IX violations for allowing transgender women to compete in women's sports, including San Jose State.
The NCAA updated its policy one day after the administration's order banning transgender athletes from competing on female teams.
The order directs that federally-run insurance programs, including TRICARE and Medicaid, exclude coverage for gender-affirming care for those under 19.
A Milpitas man convicted in the 2021 domestic violence murder of his transgender partner has been sentenced, prosecutors said.
John Ramos reports on how transgender advocates reacted to President Trump's announcement the government would only recognize two genders.
The Earthquakes soccer team is looking to expand the events it can host at PayPal Park.
Flash mobs for dancing, for singing and even for playing music have been documented in viral videos, but a new movement has people gathering together in San Francisco to create a different kind of art.
The final leg of Cyndi Lauper's farewell tour has been announced, and Northern California will have several chances to see her.
A project is now in the works to build a bronze statue of Bruce Lee in San Francisco's Chinatown neighborhood.
D'Wayne Wiggins, Oakland musician and a founding member of the soul/R&B group Tony! Toni! Toné! died Friday morning at age 64, the group announced on its Instagram page.
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.
Amanda Hari reports on the Earthquakes soccer team's move to host more events at the park. 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
Itay Hod reports on a high school that has therapy dogs to help students with stress. 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 Bay Area edition evening headlines for March 10, 2025. Watch full newscasts streamed at the CBS SF website or on the app.
Itay Hod reports on the rising popularity of "urban sketching" in the Bay Area.
John Ramos reports on looming cuts to funding about to impact foot banks in Contra Costa County as more people seek assistance.
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.