Tesla Short Sellers Lost More Than The US Airline Industry This Year
The incredible year for Tesla stock has created a bloodbath for those shorting the Bay Area-based electric carmaker's shares.
Watch CBS News
The incredible year for Tesla stock has created a bloodbath for those shorting the Bay Area-based electric carmaker's shares.
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
Stocks tumbled more than 942 points on the Dow Wednesday on worries the worsening pandemic will mean more restrictions on businesses and drag down the economy.
Charles Schwab said Monday that it is laying off 1,000 employees just weeks after completing its acquisition of TD Ameritrade.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
A surge in paying customers enabled Zoom to hail another quarter of explosive growth, deepening its integral role in life during the pandemic.
Tesla is preparing to split its stock, making it more affordable for average investors. It may need to do another one pretty soon if its shares keep surging.
The electric car company Tesla announced Tuesday evening it planned to split its stocks five-for-one, the first stock split in the company's history.
In the wake of the stock market collapse spurred by the economic impact of the COVID-19 crisis, U.S. Senator Dianne Feinstein has had to answer questions about stock trades involving her husband just prior to the market tanking.
To meet a surge in demand from consumers stuck at home, Blue Apron has hired more than 300 people at its fulfillment centers which include a facility on Regatta Blvd. in Richmond.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
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 coronavirus pandemic's effect on the economy triggered a major sell-off Monday on Wall Street, where the Dow Jones Industrial Average dropped nearly 1,000 points in the final hour of trading to drop just short of 3,000 points for the day, the Dow's worst point drop in history.
While fears over the coronavirus outbreak have slammed financial markets around the world, there are those who think this may actually be a golden opportunity for those with money to invest.
An early plunge of 7% on Wall Street triggered a trading halt as a sell-off slamming global markets continued.
U.S. stocks tumbled once again on Friday, as coronavirus fears continue to mount, with Bay Area tech stocks taking a significant hit.
Shares of streaming giant Netflix soared for several hours Thursday before joining the steep drop in Silicon Valley tech stocks as Wall Street dropped more than 1,190 points over fears of the coronavirus.
Wells Fargo's net income tumbled in the fourth quarter, weighed down by hefty costs and a lower interest rate environment.
San Francisco-based Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement accelerated by massive disruption in the online brokerage industry.
Two of the leaders of the online brokerage industry may be merging.
After falling more than 960 points, the Dow pulled out of its steep decline in the final hour of trading Monday to finish with a 767-point loss at the closing bell as tech was hit hard after China devalued its currency.
Uber said Thursday it lost more than $1 billion in the first three months of 2019.
Shares of San Francisco-based Uber plunged on the first full day of trading for the rideshare app as a deepening trade battle between the U.S. and China pulled the entire market down sharply Monday.
With Thanksgiving and Christmas approaching, families are looking to San Francisco Union Square for some holiday cheer.
Declining enrollment is affecting almost all schools, but for a San Jose school district, it could lead to nearly half its campuses closing or consolidating.
More changes could be coming to the Oakland Unified School District as they continue to try and find ways to balance their budget.
Guests at Athena in Santa Clara are getting an authentic taste of the Mediterranean
Police in Antioch have arrested a man suspected of carjacking and kidnapping after he led officers on a pursuit Wednesday morning.
With Thanksgiving and Christmas approaching, families are looking to San Francisco Union Square for some holiday cheer.
Declining enrollment is affecting almost all schools, but for a San Jose school district, it could lead to nearly half its campuses closing or consolidating.
More changes could be coming to the Oakland Unified School District as they continue to try and find ways to balance their budget.
Guests at Athena in Santa Clara are getting an authentic taste of the Mediterranean
Police in Antioch have arrested a man suspected of carjacking and kidnapping after he led officers on a pursuit Wednesday morning.
With Thanksgiving and Christmas approaching, families are looking to San Francisco Union Square for some holiday cheer.
The Contemporary Jewish Museum in San Francisco announced Wednesday that they will close their galleries for at least one year, citing financial difficulties.
Nima Momeni, the man accused in the fatal stabbing of tech executive Bob Lee, testified that Lee attacked him after getting angry about "a bad joke" at his murder trial Wednesday.
A person was killed on Market Street outside the Embarcadero BART station in San Francisco Wednesday morning and the search for the suspect caused significant delays on the BART system.
Defense attorneys for Nima Momeni — the man accused of fatally stabbing tech executive Bob Lee – called a medical expert to the witness stand Tuesday who testified that it is possible that their theory of self-defense could be true.
More changes could be coming to the Oakland Unified School District as they continue to try and find ways to balance their budget.
Police in Antioch have arrested a man suspected of carjacking and kidnapping after he led officers on a pursuit Wednesday morning.
A person was found shot dead on a sidewalk in front of a home in Oakland Wednesday afternoon, police said.
Nine Alameda County sheriff's deputies and a pair of civilian Santa Rita Jail employees are facing charges related to the 2021 death of inmate Maurice Monk.
Police in Oakley are investigating an incident Wednesday morning where a child accidentally brought his father's backpack containing a firearm to Gehringer Elementary School, authorities said.
Declining enrollment is affecting almost all schools, but for a San Jose school district, it could lead to nearly half its campuses closing or consolidating.
Guests at Athena in Santa Clara are getting an authentic taste of the Mediterranean
The California Highway Patrol is investigating a hit-and-run collision that killed a man walking his dog in unincorporated Live Oak in Santa Cruz County early Wednesday morning.
A man was found dead Tuesday night near Interstate Highway 280 in San Jose, according to the California Highway Patrol.
Water managers in the South Bay entered into a deal that will add a huge amount to their storage by expanding the San Luis Reservoir in Merced County.
Falling in line with new state requirements that go into effect in 2026, the Napa County Board of Supervisors passed an ordinance Tuesday to ban single-use plastic bags and foodware.
Police in Fairfield have announced the results of a monthslong crackdown on cannabis grow houses in the community, saying more than 8,000 plants have been seized.
Authorities in Sonoma County on Monday confirmed the arrest of a suspect in a deadly shooting near a bar located on Lakeville Highway in Petaluma over the weekend.
Gov. Gavin Newsom announced on Veterans Day that he has begun the process of granting a posthumous pardon for the only Petaluma native awarded the Medal of Honor during the Vietnam War.
Authorities in the North Bay town of Windsor are investigating after reports of a man walking through a neighborhood firing rounds from a semi-automatic rifle early Saturday.
Stephen Curry drove past Luka Doncic for a go-ahead layup with 1:50 left before Donic missed a 13-footer in the key and Curry connected for a 3-pointer moments later, scoring 37 points as the Golden State Warriors beat the Dallas Mavericks 120-117.
Klay Thompson exited the team bus then beamed as he strolled back into Chase Center, greeted by some 400 cheering Warriors employees showing their love and appreciation for the former Golden State star and lined up lined up along his path to the Dallas locker room.
San Francisco 49ers coach Kyle Shanahan called a sideline spat involving star receiver Deebo Samuel and two teammates an "overreaction" and said the team has put it to rest.
John Robinson, known for leading the USC football team to a national title in 1978, has died at 89 years old.
Klay Thompson will return to the Bay Area to face his former team for the first time since leaving Golden State to join the Dallas Mavericks on a three-year, $50 million contract.
Police in Antioch have arrested a man suspected of carjacking and kidnapping after he led officers on a pursuit Wednesday morning.
A person was found shot dead on a sidewalk in front of a home in Oakland Wednesday afternoon, police said.
Nine Alameda County sheriff's deputies and a pair of civilian Santa Rita Jail employees are facing charges related to the 2021 death of inmate Maurice Monk.
Police in Oakley are investigating an incident Wednesday morning where a child accidentally brought his father's backpack containing a firearm to Gehringer Elementary School, authorities said.
Nima Momeni, the man accused in the fatal stabbing of tech executive Bob Lee, testified that Lee attacked him after getting angry about "a bad joke" at his murder trial Wednesday.
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.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
Apple snapped out of a recent iPhone sales slump during its summertime quarter.
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.
The FDA says oral phenylephrine, used in many over-the-counter cough and cold medicines, "is not effective as a nasal decongestant."
More changes could be coming to the Oakland Unified School District as they continue to try and find ways to balance their budget.
House Speaker Mike Johnson said Matt Gaetz, whose selection as attorney general prompted backlash, resigned from Congress.
Tulsi Gabbard represented Hawaii as a Democrat in the U.S. House from 2013 to 2021.
President Biden and President-elect Donald Trump both promised a "smooth" transition.
Sen. John Thune of South Dakota won on the second round of voting against Sen. John Cornyn of Texas in the race for Senate Republican leader.
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.
On Tuesday, the battle for LGBT rights took a new turn when the Pentagon announced that it was proactively changing the discharge status to "honorable" for hundreds of service members expelled for being gay during the "don't ask, don't tell" era.
John Ramos reports on the Pentagon announcing it will change the discharge status to "honorable" for hundreds expelled during "don't ask, don't tell" era.
An honorable discharge status unlocks access to critical benefits that some veterans may have been missing out on for decades.
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.
Beloved NYC power-pop band the dB's bring their first tour in 12 years to San Francisco Thursday, with the quartet's original line-up playing songs from its first two albums at the Chapel.
Marking its 32st year in 2025, the annual Noise Pop Festival on Tuesday announced its first round of artists performing when it kicks off February 20, including American Football, Soccer Mommy and more.
Twisted Black Sabbath parody/tribute outfit Mac Sabbath brings its current tour to Santa Cruz and San Francisco starting Thursday night with support from punk/metal veterans the Supersuckers.
Mattel apologizes for inadvertently directing people to pornography site instead of one promoting upcoming film.
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.
Kelsi Thorud reports on San Francisco Union Square and how business owners are hoping the holidays bring a spark back to the 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
Loureen Ayyoub visits Athena in Santa Clara. 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 Nov. 13, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
John Ramos reports on school closures 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
Kara St. Cyr reports on a judge stopping new Alameda marina owners from large rent hikes for houseboats.
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.