Mortgage rates surge to highest level since 2000
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
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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.
Skyler Henry reports on how the hike in a key interest rate will combat inflation (6-15-2022)
A Bay Area man was one of two people killed at the Baja 1,000 off-road race in Mexico.
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.
A Bay Area man was one of two people killed at the Baja 1,000 off-road race in Mexico.
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.
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.
A Bay Area man was one of two people killed at the Baja 1,000 off-road race in Mexico.
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.
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.