Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
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In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Spending from the first round of stimulus propped up the economy. But that money is gone, and a more stimulus is unlikely in the coming weeks.
Officials from California's unemployment benefits agency said Wednesday it cleared about 246,000 of its more than 1.6 million backlogged claims following a two-week "reset" where it stopped taking new applications and focused on improving its technology.
More stimulus checks would help suffering Americans and prop up the sagging U.S. economy, but Democrats and Republicans haven't yet agreed on a deal.
The Employment Development Department reopens for business this week. The agency is promising major security changes after a government strike team found rampant inefficiencies and fraud. One big reason for much of the problem is organized crime.
The revised HEROES Act, passed by Democrats in the House, would still include stimulus payments and enhanced unemployment benefits.
Stimulus discussions are back on the table in Washington, but time is growing short to deliver a second round of stimulus payments before the election.
Time is running out on a stimulus package passing before the election, even as the need for another stimulus check and additional unemployment payments remains strong.
Unemployed individuals who qualify for an additional $300 under Trump's Lost Wages Assistance program may receive up to six weeks worth of benefits.
President Trump's Lost Wages Assistance program is intended to increase weekly unemployment benefits, but implementation has been slow.
California's unemployment agency is not answering 60% of the calls it receives for help as the overwhelmed department struggles to work through more than 1 million pending claims five months into the pandemic.
Normally, adding more than 140,000 jobs would be cause for celebration by the standards of the past few decades. But the coronavirus has upended what's normal.
States react to President Trump's executive order extending additional weekly unemployment insurance payments in the amount of $400.
Gov. Gavin Newsom on Monday said President Trump's unemployment plan falls far short of what California needs in terms of funding and addressed the state's ongoing issues with COVID testing data for the first time.
Unemployment's sizable decline in July still reflects a slowing economic recovery in the face of the unchecked coronavirus pandemic.
Californians who have lost their jobs now appear to be losing some hope of ever being called that to work.
Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed Monday in the Capitol, with issues like food for the poor and aid to schools assuming a higher profile in the talks.
Nearly 30 million out-of-work Americans - including thousands in the Bay Area - are scrambling to figure out pay for basic expenses as expanded, federal $600-a-week unemployment benefits expire.
With the first round of economic stimulus running out, millions of Americans are about to take a massive hit to their household budget.
Thousands of workers who sell food to the fans at Chase Center and Oracle are out of a job, due to the pandemic.
A new COVID-19 stimulus bill was expected to be unveiled on Monday by Republican leaders after the $600 weekly federal unemployment boost expired for millions of Americans over the weekend.
The extra $600 federal unemployment benefit that has been a lifeline for about 30 million Americans is set to expire this weekend.
California unemployment claims have climbed to their highest levels in nearly three months as surging coronavirus cases halt plans to reopen the economy, and an extra $600 in weekly federal unemployment benefits is set to expire at the end of the week.
California added a record 558,000 jobs in June as many more businesses reopened but the gains announced Friday by the state are expected to be short-lived.
As the state's economy begins reawakening from it's more than 3-month slumber brought on by the COVID-19 outbreak, signs of the damage left behind from the shutdown continues to mount.
Teachers in the San Francisco Unified School District began striking Monday after the union and district were not able to reach a deal over the weekend.
Authorities are searching for a suspect after a woman was killed in by a hit-and-run driver in San Jose over the weekend.
A fatal shooting in San Leandro early Monday morning involving Alameda County Sheriff's deputies was being investigated by the California Department of Justice, state Attorney General Rob Bonta announced.
Researchers at two Spanish universities found that 84% of the contiguous U.S. states has shown signs of warming over the last 70 or so years, which is more than previously suggested.
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
Teachers in the San Francisco Unified School District began striking Monday after the union and district were not able to reach a deal over the weekend.
Authorities are searching for a suspect after a woman was killed in by a hit-and-run driver in San Jose over the weekend.
A fatal shooting in San Leandro early Monday morning involving Alameda County Sheriff's deputies was being investigated by the California Department of Justice, state Attorney General Rob Bonta announced.
Researchers at two Spanish universities found that 84% of the contiguous U.S. states has shown signs of warming over the last 70 or so years, which is more than previously suggested.
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
Teachers in the San Francisco Unified School District began striking Monday after the union and district were not able to reach a deal over the weekend.
An accident involving a cable car in San Francisco on Monday left several passengers with minor injuries, authorities said.
World-class chefs, players, and fans united Saturday to tackle a common opponent: hunger.
San Francisco Unified School District officials and the union representing roughly 6,000 educators could not come to an agreement on some major items in an effort to avert a strike that will disrupt learning for tens of thousands of students across the city.
In San Francisco on Saturday, a small group gathered for a city hall march to offer their support for billionaires. It drew a crowd of media and opponents and quickly became a spectacle that focused more on satire than substance.
A man who was arrested for allegedly refusing to leave an East Bay casino later died in custody after experiencing an unknown medical emergency, police said.
The Henry J. Kaiser Center for the Arts was filled with sports fans for one of the biggest games of the year, the Super Bowl.
On Sunday, after more than a year, EBMUD began inviting boats back to the water, but they're being very careful about it.
Three men charged in the 2021 fatal shooting in Oakland of retired Bay Area police Sergeant Kevin Nishita have pleaded no contest ahead of a murder trial, prosecutors announced Friday.
One East Bay school district is putting a limit on the number of AP and honors classes high school students can take, saying they're trying to protect kids' mental health.
Authorities are searching for a suspect after a woman was killed in by a hit-and-run driver in San Jose over the weekend.
Six people were rescued after their boat capsized in heavy surf off the coast of Santa Cruz over the weekend, officials said.
At least five people were hospitalized after a shooting in downtown San Jose that took place following the Super Bowl late Sunday night.
Police said officers arrived at the scene and found two men who had been shot at least once. Both died at the scene.
This is the Bay Area's 3rd time hosting the Super Bowl. The first was hosted at Stanford in 1985, with the temperature at kickoff a chilly 53 degrees.
A bank employee was among three people arrested in a series of armed home invasion robberies in Marin County of people who had withdrawn large amounts of cash, authorities said.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Four suspects remain at large and two were arrested after an armed robbery at a Petaluma jewelry store on Saturday, police said.
A Bay Area environmental group is pushing for more restrictions and protection at one of the largest shale reefs in North America. As part of its proposal to the state, all fishing would be banned.
Yountville Commons will be located adjacent to City Hall at the site of the old Yountville Elementary School, which closed in 2000 because there weren't enough children in the town to keep it open. It will include about 120 affordable homes inside a large new public park.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
When a fan ran onto the field during the Super Bowl, Patriots player Kyle Williams ran to track him down.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
The Seattle Seahawks defeated the New England Patriots Sunday to win the 2026 Super Bowl.
Authorities are searching for a suspect after a woman was killed in by a hit-and-run driver in San Jose over the weekend.
A fatal shooting in San Leandro early Monday morning involving Alameda County Sheriff's deputies was being investigated by the California Department of Justice, state Attorney General Rob Bonta announced.
At least five people were hospitalized after a shooting in downtown San Jose that took place following the Super Bowl late Sunday night.
Police said officers arrived at the scene and found two men who had been shot at least once. Both died at the scene.
San Jose police said a driver hit and killed a woman who was walking near North Capitol Avenue and Longford Drive on Saturday morning. The driver then left the scene, police said.
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
The Northern California Regional Intelligence Center said suspicious conduct or criminal activity flagged by law enforcement will be entered into its database, where it "can link the locations to the information and really tie it all together in near-real time."
A former Google engineer has been convicted on multiple federal charges for stealing the tech giant's trade secrets on artificial intelligence to benefit Chinese companies he secretly worked for, federal prosecutors said.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
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.
Cassondra Curiel, president of the United Educators of San Francisco, holds a briefing Monday morning on the first day of their teachers' strike, the first labor stoppage in the district since 1979.
On Monday, expect dry conditions. Starting Tuesday, a wet weather pattern returns to the region, with showers continuing into Wednesday. Jessica Burch hat the forecast.
Teachers in the San Francisco Unified School District began striking Monday after the union and district were not able to reach a deal over the weekend. The labor stoppage is the first in SFUSD history in nearly 50 years. Veronica Macias reports.
The Henry J Kaiser Center for the Arts was filled with sports fans for one of the biggest games of the year, the Super Bowl.
With the 49ers rival winning playing the Super Bowl on their home turf, fans shared what it meant to see it.
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.