New Chinese AI app Deepseek impacting stock prices of Bay Area tech companies
Reed Cowan interviews San Jose State professor and cyber-security expert Ahmed Banfa about the rise of Chinese AI app Deepseek.
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Reed Cowan interviews San Jose State professor and cyber-security expert Ahmed Banfa about the rise of Chinese AI app Deepseek.
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
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.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
U.S. stocks plunged in early trading Monday as investors fretted over mounting inflation and geopolitical tensions, before making up that ground in afternoon trading as financial markets whipsawed.
Wall Street gave Robinhood a cool reception Thursday in the online broker's debut in the stock market that it helped reshape by bringing millions of new investors.
San Francisco-based Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion.
Airbnb shares more than doubled in price as the home sharing company made its debut Thursday on the Nasdaq stock exchange.
Shares of San Mateo-based Snowflake more than doubled on their first day of trading in the biggest software IPO ever.
Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation's official death toll from the coronavirus closed in on 100,000.
Even with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They're up 4.1% for 2020.
The Dow Jones Industrial Average fell 631.56 points, or 2.7%, to 23,018.88, and the Nasdaq was down 297.50, or 3.5%, to 8,263.23.
The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
The successful initial public offering for San Francisco-based ride-hailing service Lyft is prompting concern among city leaders over increasing wealth disparity and the IPO's effect on the city's sky-high housing prices.
Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, although its stock slid in after-hours trading.
A 54-year-old Dublin man has pleaded guilty to 10 felony charges involving insider trading using proprietary information from Pleasanton-based Ross Stores Inc. to pull in about $3.5 million.
The S&P 500 index and Nasdaq composite closed at record highs Friday, just two days after the current bull market in stocks became the longest in history.
Wall Street, captivated by remarkable growth prospects in tech, has lifted the Nasdaq by 11% this year.
Eleven minutes later, Amazon's stock had fallen into the red — and so had the Nasdaq.
Shares of the digital file storage company Dropbox soared Friday in their stock market debut.
The cloud storage company is selling 36 million shares for between $16 and $18, according to a regulatory filing released Monday.
A Dublin financial analyst was arrested and brought to federal court in Oakland on Wednesday on charges of an insider trading securities fraud that allegedly generated $8.2 million in illegal profits.
One of the biotech companies run by Martin Shkreli, the drug price-gouger charged with securities fraud last week, has been told that its stock will be delisted by Nasdaq because of Shkreli's arrest and other factors.
On Tuesday, concerned parents, students and residents filled Elsie Allen High School's library looking for answers from district administrators.
Quarterback Mac Jones will finally join the San Francisco 49ers four years after the team nearly drafted him third overall.
A round of expected layoffs in addition to last month's cuts at NOAA, the nation's weather, ocean, and fisheries agency, will eliminate about one of out four jobs there since the start of the second Trump administration.
Since Tesla CEO Elon Musk joined the Trump administration, the effects on his car company have been dramatic, with the stock price significantly down. Tesla vehicles and dealerships have also been the target of vandals.
The Department of Education is cutting 1,300 employees from its workforce and closing out leases on federal buildings in several cities, including its San Francisco office.
On Tuesday, concerned parents, students and residents filled Elsie Allen High School's library looking for answers from district administrators.
Quarterback Mac Jones will finally join the San Francisco 49ers four years after the team nearly drafted him third overall.
A round of expected layoffs in addition to last month's cuts at NOAA, the nation's weather, ocean, and fisheries agency, will eliminate about one of out four jobs there since the start of the second Trump administration.
Since Tesla CEO Elon Musk joined the Trump administration, the effects on his car company have been dramatic, with the stock price significantly down. Tesla vehicles and dealerships have also been the target of vandals.
The Department of Education is cutting 1,300 employees from its workforce and closing out leases on federal buildings in several cities, including its San Francisco office.
The Department of Education is cutting 1,300 employees from its workforce and closing out leases on federal buildings in several cities, including its San Francisco office.
Police in San Francisco on Wednesday confirmed the arrests of two juveniles this past weekend near the Stonestown Galleria in connection with brandishing a replica firearm and possessing a ghost gun.
San Francisco Fire Department crews recoved a body found in the water off of Pier 14 Wednesday morning, the department said.
Prosecutors in San Francisco announced Wednesday that a man has been arrested and charged in connection with over 20 retail thefts at pharmacies in the city.
Two suspects were detained after a woman was stabbed aboard a San Francisco Muni train, authorities said Tuesday.
Police in Hillsborough are offering $100,000 for information leading to the arrest and prosecution of the suspect who shot an officer in the department's parking lot last month.
Contra Costa County Supervisor Shanelle Scales-Preston will hold a town hall meeting Thursday evening on last month's Martinez Refining Company fire.
Nine people have been arrested following a crackdown on alleged illegal casinos that were found in East Oakland, police said.
An East Bay man is facing a federal weapons charge after he was allegedly found with a 3-D printed firearm and a device that converts a pistol into a machine gun.
The Alameda County Board of Supervisors earmarked $2.2 million Tuesday for a suite of services designed to protect the region's immigrant and refugee communities.
A man who fled to Mexico after stabbing his ex-girlfriend to death outside her San Jose apartment in 2013 was returned to the Bay Area last week to face a murder charge. police said Tuesday.
Santa Clara County Health Officer and Public Health Director Dr. Sara Cody, who led the county's COVID-19 pandemic response, has announced her retirement.
The Oakland Ballers on Tuesday announced that the Pioneer League team would face off against the San Jose Giants next month in what is being billed as "a new chapter in the storied history of Bay Area baseball matchups."
The Santa Clara Valley Transportation Authority has filed a legal complaint over the ongoing VTA workers' strike as the labor action entered its second day in the South Bay.
The Earthquakes soccer team is looking to expand the events it can host at PayPal Park.
On Tuesday, concerned parents, students and residents filled Elsie Allen High School's library looking for answers from district administrators.
Homeowners in unincorporated Marin County looking to build an accessory dwelling unit, or ADU, will still be able to save thousands on permit fees after a move by the Board of Supervisors on Tuesday.
Santa Rosa crews contained a blaze that struck a shopping center near state Highway 12 (Sonoma Highway) on Tuesday night, according to fire officials.
Ranch workers in Point Reyes National Seashore, who are destined to lose their jobs and homes within a year following a new land management plan by the National Park Service, received some hope for relief from the Marin County Board of Supervisors Tuesday.
A San Rafael school board vice president who brought forward a controversial resolution about young men's needs apologized and expanded on his intent during Monday's meeting.
Quarterback Mac Jones will finally join the San Francisco 49ers four years after the team nearly drafted him third overall.
The San Francisco 49ers cut defensive linemen Javon Hargrave and Maliek Collins at the start of the new league year in the latest moves to overhaul the roster.
The San Francisco 49ers have agreed to a two-year, $9.5 million contract with Los Angeles Rams wide receiver Demarcus Robinson.
Andrej Stojakovic scored 29, Mady Sissoko and Rytis Petraitis posted double-doubles and California rallied to beat Virginia Tech 82-73 in double overtime in the first round of the Atlantic Coast Conference Tournament at the Spectrum Center.
Another player from the San Francisco 49ers defensive unit will be looking for a new home after the team announced the release of defensive lineman Leonard Floyd a year to the day after signing him to a two-year, $20 million deal.
Police in Hillsborough are offering $100,000 for information leading to the arrest and prosecution of the suspect who shot an officer in the department's parking lot last month.
Nine people have been arrested following a crackdown on alleged illegal casinos that were found in East Oakland, police said.
An East Bay man is facing a federal weapons charge after he was allegedly found with a 3-D printed firearm and a device that converts a pistol into a machine gun.
Police in San Francisco on Wednesday confirmed the arrests of two juveniles this past weekend near the Stonestown Galleria in connection with brandishing a replica firearm and possessing a ghost gun.
Prosecutors in San Francisco announced Wednesday that a man has been arrested and charged in connection with over 20 retail thefts at pharmacies in the city.
Since Tesla CEO Elon Musk joined the Trump administration, the effects on his car company have been dramatic, with the stock price significantly down. Tesla vehicles and dealerships have also been the target of vandals.
There is quite the photo shoot happening right now in Golden Gate Park, but instead of models, the muse of choice is a collection of leaves, branches, and dried flowers.
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.
Contra Costa County Supervisor Shanelle Scales-Preston will hold a town hall meeting Thursday evening on last month's Martinez Refining Company fire.
Santa Clara County Health Officer and Public Health Director Dr. Sara Cody, who led the county's COVID-19 pandemic response, has announced her retirement.
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.
A round of expected layoffs in addition to last month's cuts at NOAA, the nation's weather, ocean, and fisheries agency, will eliminate about one of out four jobs there since the start of the second Trump administration.
Since Tesla CEO Elon Musk joined the Trump administration, the effects on his car company have been dramatic, with the stock price significantly down. Tesla vehicles and dealerships have also been the target of vandals.
The Department of Education is cutting 1,300 employees from its workforce and closing out leases on federal buildings in several cities, including its San Francisco office.
Contra Costa County Supervisor Shanelle Scales-Preston will hold a town hall meeting Thursday evening on last month's Martinez Refining Company fire.
The Alameda County Board of Supervisors earmarked $2.2 million Tuesday for a suite of services designed to protect the region's immigrant and refugee communities.
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.
A group of talented Bay Area musicians pays tribute to Ireland's greatest musical export when the Rockers play the classic hits of Thin Lizzy for three Northern California shows the weekend before St. Patrick's Day.
The Earthquakes soccer team is looking to expand the events it can host at PayPal Park.
Cinematic post-metal favorites Russian Circles return to San Francisco Wednesday night, sharing the stage at the Fillmore with fellow Chicago-based instrumental band Pelican.
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.
A leading light of the Bay Area heavy rock underground during the late 1990s and 2000s, reunited Oakland band Drunk Horse plays Thee Stork Club Friday night with "garage-soul" group Hot Laundry and old-school country band the Ugly.
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 Elsie Allen High School leaders talking to parents about how to address violence on campus.
Kelsi Thorud reports on San Rafael residents trying to run errands amid Wednesday's atmospheric river storm.
Kara St. Cyr reports on concerns one parent has over Department of Education cuts that could impact programs that help her special needs child.
Team coverage of the impacts of Wednesday's atmospheric river storm throughout the Bay Area.
Darren Peck talks about how data shows the increasing strength and size of atmospheric river storm systems.
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.