Snapchat Parent Company Up 44% In Wall Street Debut
The company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there's investor demand for young but still unproven tech companies.
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The company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there's investor demand for young but still unproven tech companies.
The Dow Jones industrial average closed above 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market.
Dow Jones tumbled more than 500 points during Friday's trading session, dropping below 16,000 points as the financial markets suffered another day of setbacks with many Silicon Valley stocks losing value.
The Dow is on pace to lose 1,000 points this week as Wall Street sinks under the weight of China, with the world's second largest economy showing increasing signs of weakness.
Apple fans keep buying iPhones, but Wall Street keeps worrying the company won't be able to match last year's blistering sales pace.
A sell-off triggered by weak Chinese manufacturing data and escalating tensions in the Middle East sent shares of Silicon Valley stocks tumbling Monday with Netflix falling nearly 7 percent in value, Yahoo nearly 6 percent, Twitter nearly 4 percent and Facebook dropping more than 3 percent in midday trading.
Mobile payments processor Square had to sell its stock at a deep discount to complete its initial public offering, a concession signaling that investors are becoming wary of once-hot startups that haven't proven they can make money.
The Dow Jones industrial average soared more than 600 points Wednesday, its biggest gain in seven years.
Apple shares helped lead the stock market on a steep dive Monday morning, but the tech giant made a partial recovery after CEO Tim Cook assured a popular Wall Street commentator that his company is still doing well in China.
Some of the most bullish local realtors have been flinching as markets on both sides of the Pacific have plunged.
Google's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.
New home sales surged higher by nearly 7% in April, durable goods orders rebounded with a business investment spending improving for the second straight month, a critical sign for growth, and even consumer confidence is on the rise, although that really hasn't translated into higher retail spending, in spite of lower gas prices and an improving job market.
Uber is reportedly seeking a new round of financing that could make the San Francisco-based ridesharing startup worth $50 billion, before offering publicly traded stock.
Twitter's stock is falling sharply after the company's earnings — due to be released after the stock market closes — came out ahead of time.
Cash rained down on startups in 2014 but with valuations so high, critics suggest some investors may be setting themselves up for a major fall.
Uber's $40 billion valuation had investors from Wall Street to Silicon Valley abuzz a day after the ride-sharing company announced it had received more money from venture capitalists than any private company this year.
On Thursday nights at San Quentin, inmates pack a classroom to hear from a man they call "The Oracle."
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses - plunging more than 400 points.
Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
Yahoo is still prospering from its lucrative investments in Asia while the Internet company's listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer.
Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 percent to 45 percent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy money policies in the United States and Europe. They're also fretting over country-specific troubles around the world—from economic mismanagement in Argentina to political instability in Turkey.
Twitter's stock slid more than 7 percent on its second trading day Friday, after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
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There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
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
There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
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
There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
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.
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."
There was a heated Board of Supervisors meeting in San Mateo County as the board unanimously voted to ask Sheriff Christina Corpus to step down.
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.
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.
Andrea Nakano reports on a Board of Supervisors meeting where a no-confidence vote was passed against San Mateo County Sheriff Corpus. 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
Zoe Mintz reports on what "King Tides" are as the phenomenon is set to happen over the weekend. 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
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.
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.