Oil prices surge amid Israel-Hamas war
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.
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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 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. Andrea Nakano reports. (6/15/22)
For anyone used to the Bay Area housing market being white hot, the idea of a buyer's market is unfathomable. But with interest rates rising and more homes coming online, a cool-off might be underway.
The Georgia Court of Appeals ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump.
Gisèle Pelicot said she had no regrets, but hope for the future after a judge sentenced her ex-husband to 20 years in prison for drugging and raping her for years.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
The Georgia Court of Appeals ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
A California judge issued a restraining order Tuesday against a 20-year-old man who told FBI agents that he had been messaging with the Wisconsin shooter.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years.
After being approved by voters by a wide margin, Proposition 36 went into effect across California on Wednesday, which toughens penalties for certain theft and drug offenses.
San Francisco Mayor London Breed on Wednesday announced she is appointing Stephen Sherrill as the new supervisor representing District 2 on the north end of the city.
A suspect who was out on bail was arrested early Monday morning in Half Moon Bay on suspicion of multiple crimes including burglary, possession of drugs and possession of stolen property, according to the San Mateo County Sheriff's Office.
A driver crashed into a San Francisco business and injured three people Tuesday afternoon, police said.
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
Oakland officially has a new, temporary mayor in Nikki Fortunato Bas, who is taking over for ousted former mayor Sheng Thao, whose last day in office was Tuesday.
For the 86th year, residents along a stretch of Thompson Avenue in Alameda have pulled out all the stops during the holidays, transforming their street into what is dubbed "Christmas Tree Lane."
Wednesday morning in East Contra Costa County, state agents made the latest in a series of cannabis grow-house raids in residential areas across the region that are all owned by Chinese nationals.
A former FBI special agent from the Bay Area was arrested and indicted on multiple federal charges after prosecutors said he made unwelcome romantic advances toward a law student and cyberstalked her for nearly a year.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
Bay Area post offices were packed with people trying to beat holiday shipping deadlines on Wednesday. The increased number of packages being mailed increases the workload for local postal employees.
Police in San Jose announced an arrest Tuesday in connection with a home invasion robbery and sexual assault last month at an apartment near the San Jose State University campus.
Officials with the California Highway Patrol and Caltrans on Monday afternoon confirmed state Route 9 near Saratoga has been closed in both directions due to a mudslide.
There were no injuries to staff or animals following a fire Monday morning at the Humane Society Silicon Valley building in Milpitas, but the facility is closed for the rest of the day, officials said.
Service on Sonoma-Marin Area Rail Transit was unavailable Monday because of storm damage and for extended systems testing, the agency said.
Zakir Hussain, one of India's most accomplished classical musicians who defied genres and introduced tabla to a global audience, has died.
A North Bay city experienced a city-wide power outage on Saturday after high winds downed power lines and trees.
San Francisco residents were woken up by a tornado warning early Saturday morning during a powerful storm system that battered the region with heavy rain and wind.
The Bay Area was soaked by a powerful storm system overnight into Saturday morning, causing flooding and even triggering what is reported to be the first-ever tornado warning in San Francisco, officials said.
Hajj-Malik Williams passed for two touchdowns, Kylin James ran for another and No. 24 UNLV pulled away in the second half for a 24-13 victory over California in the LA Bowl on Wednesday night.
San Francisco coach Kyle Shanahan said the team is getting close to ruling out star left tackle Trent Williams for the rest of the season as his injured ankle isn't healing as fast as the 49ers hoped.
The San Francisco 49ers have suspended linebacker De'Vondre Campbell for the final three games of the regular season after he refused to enter a game after losing his starting job.
Luka Doncic had his 80th career triple-double with a season-high 45 points along with 13 assists and 11 rebounds, and the Dallas Mavericks beat Klay Thompson's former Golden State Warriors 143-133 on Sunday night in a second visit to Chase Center in just more than a month.
Clayton Keller scored a power-play goal with 43.8 seconds remaining and the Utah Hockey Club rallied to beat the San Jose Sharks 4-3 on Saturday night.
Gisèle Pelicot said she had no regrets, but hope for the future after a judge sentenced her ex-husband to 20 years in prison for drugging and raping her for years.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
After being approved by voters by a wide margin, Proposition 36 went into effect across California on Wednesday, which toughens penalties for certain theft and drug offenses.
Wednesday morning in East Contra Costa County, state agents made the latest in a series of cannabis grow-house raids in residential areas across the region that are all owned by Chinese nationals.
A former FBI special agent from the Bay Area was arrested and indicted on multiple federal charges after prosecutors said he made unwelcome romantic advances toward a law student and cyberstalked her for nearly a year.
In the face of wide speculation about how artificial intelligence will impact workers in the Bay Area and beyond, a series of billboards plays on those concerns, advertising what appears to be a nightmare scenario where people are entirely replaced by computers.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Members of Cash App founder Bob Lee's family had sharp criticism Tuesday for those close to Nima Momeni, who was convicted of second-degree murder in Lee's 2023 stabbing death in San Francisco.
Nima Momeni has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee, a verdict reached by a San Francisco jury after seven days of deliberations.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Researchers at Stanford University believe a newly developed AI tool could help in the fight against cancer and other diseases.
Striking San Francisco hotel workers are attempting to discourage people from attending a major healthcare conference in January.
At least 364 pertussis cases were reported, marking the worst Thanksgiving week on record.
A recent study from Stanford Medicine emphasized the importance of "Kangaroo Care" for premature newborns, citing that the skin-to-skin care method improves the child's cognitive health and stabilizes the newborn's heart rate.
The Georgia Court of Appeals ruled that Fulton County District Attorney Fani Willis must be removed from the 2020 election case against President-elect Donald Trump.
Oakland officially has a new, temporary mayor in Nikki Fortunato Bas, who is taking over for ousted former mayor Sheng Thao, whose last day in office was Tuesday.
After being approved by voters by a wide margin, Proposition 36 went into effect across California on Wednesday, which toughens penalties for certain theft and drug offenses.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
San Francisco Mayor London Breed on Wednesday announced she is appointing Stephen Sherrill as the new supervisor representing District 2 on the north end of the city.
Police in Santa Cruz have arrested a man on suspicion of a hate crime after a LGBTQ+ bar in the city's downtown was vandalized early Tuesday morning.
The building located off Folsom Street will include 42 units for young adults ages 18 to 24.
San Jose State's volleyball team was the subject of a national debate about women in sports.
A look at key dates before and during the San Jose State women's volleyball season marked by multiple forfeits by teams claiming the Spartans have a transgender player.
San Jose State says it's disappointed that Boise State forfeited its semifinal match in the Mountain West women's volleyball tournament but is focused on the future.
Surviving members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, revisit the Great American Music Hall in San Francisco.
One spectacular holiday light display in the East Bay takes its central inspiration not from Santa or Christmas elves, but canines.
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
Comedian Nikki Glaser, known for her honest style, is gearing up to host the 82nd Annual Golden Globes.
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
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.
Monique Soltani of Wine Oh! TV features a selection of champagne and sparkling wine for the holidays.
A hardware store in San Francisco's West Portal is closing up shop after being in business for 88 years. Andrea Nakano reports.
Milpitas police are investigating after four people, including two preteens, were found dead inside an apartment complex Wednesday following a welfare check. Kara St. Cyr reports.
Nahima Aguiniga works as a USPS letter carrier six days a week in San Jose. She has been working for the postal service for the past seven years. Sooji Nam reports.
CBS News Bay Area evening headlines for Dec. 18, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
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.
An Oakland woman has brought the joy of dance and an appreciation for African American culture to performers and audiences for 52 years.
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.