Inflation ran hotter than expected in January
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
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Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
The U.S. economy ended 2023 with stronger than expected growth, the Commerce Department reported Thursday. However, it's been a tale of two economies for many Americans. Nikki Battiste explains.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
CBS Business Analyst Jill Schlesinger speaks with Nicole Zaloumis about where the U.S. stands on inflation carrying into the new year and if people can expect to see a drop in prices. For more analysis, go to www.jillonmoney.com. (01-11-2024)
Homeowners across the Bay Area have seen their power bills climbing, but the latest request for an increase will reach a historic milestone -- more than $300 for the average monthly PG&E bill.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
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.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
U.S. consumer inflation moderated in November, illustrating a further cooling of most costs and bolstering the Federal Reserve's strategy of maintaining higher interest rates for now. Jill Schleshinger reports.
Many feel worse off than their parents' generation as income isn't keeping up.
After more than two years of price hikes, consumers are finally getting breaks on some items. That could help push inflation closer to 2%.
U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.
The Bay Area is the best performing region within the U.S. for middle- and working-class families, according to a new analysis.
Despite falling inflation and near-record employment, polls and surveys show that most Americans hold a glum view of the economy.
President Joe Biden has made America's case to CEOs attending the Asia-Pacific summit in San Francisco that the United States is committed to high standards in trade that will benefit economies across the Pacific.
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.
Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years, a sign that the Federal Reserve's interest rate hikes have continued to slow price increases. Interview with CBS News business analyst Jill Schlesinger.
Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The chair of the Federal Trade Commission has defended her aggressive legal strategy toward the country's biggest technology companies as she appeared before the House Judiciary Committee.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
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.
Though still high, the price of gas is down significantly from what it was a year ago. The national average for a gallon of regular Saturday was $3.58, according to AAA. This time last year, it was more than $5. Michael George has more.
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.
A driver crashed into a San Francisco business and injured three people Tuesday afternoon, police said.
A Vallejo woman is calling on the state government to send California Highway Patrol officers to Vallejo as the city faces increased property crime and slow police response.
On Tuesday night, leaders of one Tri-Valley city will be tackling similar budget issues to Oakland and San Francisco.
Across the country, food banks and pantries are struggling to keep up with demand as more and more people struggle to buy the basics.
A driver was arrested on suspicion of DUI after driving their Jeep onto the slopes of a Northern California ski resort, becoming stuck in the process.
A driver crashed into a San Francisco business and injured three people Tuesday afternoon, police said.
A Vallejo woman is calling on the state government to send California Highway Patrol officers to Vallejo as the city faces increased property crime and slow police response.
On Tuesday night, leaders of one Tri-Valley city will be tackling similar budget issues to Oakland and San Francisco.
Across the country, food banks and pantries are struggling to keep up with demand as more and more people struggle to buy the basics.
A driver was arrested on suspicion of DUI after driving their Jeep onto the slopes of a Northern California ski resort, becoming stuck in the process.
A driver crashed into a San Francisco business and injured three people Tuesday afternoon, police said.
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.
On Monday, the Bay Area was still dealing with the aftermath of Saturday's winds and rainstorm, and in some places, the effects were a little more long-lasting.
The San Mateo County District Attorney has cleared the head of the deputy sheriff's union of wrongdoing for alleged timecard fraud amid ongoing turmoil within Sheriff Christina Corpus' office.
A Vallejo woman is calling on the state government to send California Highway Patrol officers to Vallejo as the city faces increased property crime and slow police response.
On Tuesday night, leaders of one Tri-Valley city will be tackling similar budget issues to Oakland and San Francisco.
Across the country, food banks and pantries are struggling to keep up with demand as more and more people struggle to buy the basics.
More than a month after a disabled woman became the victim of a sexual battery incident in El Cerrito, police said the suspect in the case turned himself in to authorities Tuesday.
The Justice Department will pay an average of about $1.1 million to each of 103 women who filed individual lawsuits against the Bureau of Prisons over their treatment at the Federal Correctional Institution in Dublin, California.
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.
A boy was fatally struck by a vehicle on Friday on northbound Interstate Highway 280 in Santa Clara County, the California Highway Patrol said Monday.
A body was located near where a missing person was last seen more than two weeks ago outside of Gilroy, authorities 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.
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.
Golden State is acquiring point guard Dennis Schroder in a trade with the Brooklyn Nets in exchange for injured forward De'Anthony Melton, a person with knowledge of the agreement said Saturday.
The Athletics have added another option for their refurbished rotation, acquiring Jeffrey Springs in a multiplayer trade with the Tampa Bay Rays.
A Vallejo woman is calling on the state government to send California Highway Patrol officers to Vallejo as the city faces increased property crime and slow police response.
A driver was arrested on suspicion of DUI after driving their Jeep onto the slopes of a Northern California ski resort, becoming stuck in the process.
More than a month after a disabled woman became the victim of a sexual battery incident in El Cerrito, police said the suspect in the case turned himself in to authorities Tuesday.
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.
The Justice Department will pay an average of about $1.1 million to each of 103 women who filed individual lawsuits against the Bureau of Prisons over their treatment at the Federal Correctional Institution in Dublin, California.
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.
Trump had warm words about TikTok and its near-term future earlier Monday, as the app faces a U.S. ban that's set to go into effect next month unless its Chinese-owned parent company cuts ties with it.
TikTok and its parent company ByteDance have asked the Supreme Court to temporarily pause a law that would ban the app in the U.S.
The jury that will decide the fate of Nima Momeni reconvened Monday afternoon for the seventh day of deliberations on his trial for the murder of tech executive Bob Lee in April of 2023.
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.
Feds warn against eating multiple products containing the vegetable, including salads, wraps, party trays and meal kits.
On Tuesday night, leaders of one Tri-Valley city will be tackling similar budget issues to Oakland and San Francisco.
The Justice Department will pay an average of about $1.1 million to each of 103 women who filed individual lawsuits against the Bureau of Prisons over their treatment at the Federal Correctional Institution in Dublin, California.
"People deserve to know upfront what they're being asked to pay," FTC Chair Lina Khan said in announcing crackdown on certain consumer fees.
Electors are voting in each state to formalize President-elect Donald Trump's victory over Vice President Kamala Harris in the 2024 election.
The San Mateo County District Attorney has cleared the head of the deputy sheriff's union of wrongdoing for alleged timecard fraud amid ongoing turmoil within Sheriff Christina Corpus' office.
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.
Zakir Hussain, one of India's most accomplished classical musicians who defied genres and introduced tabla to a global audience, has died.
One of the first bands to codify Los Angeles hardcore punk in both sound and attitude, SoCal legends Fear play classic songs when they headline the Regency Ballroom in San Francisco Friday night.
Legendary roots-music guitarist and songwriter Dave Alvin bring his exploratory new project the Third Mind to the Bay Area for four Northern California shows this week.
Pioneering punk singer Robert Lopez brings his cross-cultural alter ego El Vez to the Bottom of the Hill Thursday, presenting the 2024 edition of his annual holiday show with support from East Bay ska band Day Labor and DJ Sid Presley.
The singer-songwriter went from being an NYU music student wowing Pharrell Williams in a viral video, to selling out Madison Square Garden. She talks about musical obsessions, and her appreciation for listeners with patience.
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.
Kevin Ko reports on Oakland's budget shortfall as it still grapples with a shakeup in leadership. 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
Kara St. Cyr reports on crime in Vallejo, and a woman's petition for California to send the California Highway Patrol to help local police. 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
Katie Nielsen reports on budget woes 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
CBS News Bay Area evening edition headlines for Dec. 17, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
John Ramos reports on plans for new housing in Campbell. 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
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.