Category: Los Angeles

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. By Christy Bieber Edited By Angelica Leicht November 6, 2024 / 10:44 AM EST / CBS News A change could be coming for CD interest rates this November, experts say. Getty Images When it comes to earning interest with little risk,  certificates of deposit (CDs)  tend to be a good option, though they require you to commit to investing for the duration of the CD term to avoid early withdrawal penalties . The upside is that you also lock in your CD rate until the CD matures. When you qualify for a good CD rate , that’s a huge benefit as your investment is FDIC insured, so it’s very low risk, and it provides a generous guaranteed ROI.  In the post-pandemic era, rates soared as the Federal Reserve repeatedly raised the benchmark interest rate in response to record-high inflation. In turn,  CD rates climbed to recent record highs, driving increased investor interest.  The Fed has now changed course, though, dropping rates by 50 basis points

Voters decide on abortion rights in 10 states – CBS News Watch CBS News Voters in 10 states voted on enshrining reproductive rights in their state’s constitution. “CBS Mornings Plus” co-anchor Adriana Diaz breaks down the results. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

U.S. stocks soared Wednesday in the wake of Donald Trump’s sweeping election victory as investors priced in potential gains for a wide range of industries and a near-term boost to economic growth. In early trading, the Dow Jones industrial average surged more than 1300 points, or about 3%, with expectations that a second Trump presidential term will bring major policy changes, including more tax cuts, more deregulation, more mergers and acquisitions and more domestic crude production. Some of the biggest winners were banking firms and oil companies. Trump’s company that runs his social media platform took off, as did bitcoin, thanks to Trump’s remarks that he would make the U.S. the dominant crypto market in the world. Shares of Tesla, owned by Elon Musk, a big Trump supporter, were up more than 25% in early morning trading, even as other green energy stocks sank under the weight of Trump’s well-known bashing of climate change policies. Economists were expecting an early Trump-bump given his pro-business stance. He has promised not only to extend expiring provisions in his massive tax cuts in 2017, passed during his first

A massive blaze engulfed two homes in the Crestline area of the San Bernardino County Mountains Tuesday night leaving both in ruins. Firefighters responded to calls of a house fire on Chillon Drive southeast of Lake Gregory around 9:30 p.m. Videos showed arriving firefighters found one house fully involved in fire with flames already spreading to a second home. A massive fire destroyed two home in Crestline on Nov. 5, 2024. (OnScene.TV) A massive fire destroyed two home in Crestline on Nov. 5, 2024. (OnScene.TV) Downed power lines sparked and explosions from propane tanks were heard as firefighters attempted to battle the tall flames. It took crews nearly two hours to extinguish the burning homes and surrounding vegetation that caught fire, according to freelance media firm OnScene.TV. One person was in unknown condition after being treated for smoke inhalation, OnScene.TV reported. The cause of the fire remains under investigation.

The funeral mass celebrating the life and legacy of legendary Los Angeles Dodgers pitcher Fernando Valenzuela will take place Wednesday morning.  The service begins at 10 a.m. and will be held at Cathedral of Our Lady of the Angels in downtown Los Angeles. It is open to the public on a first-come, first-served basis due to limited capacity inside the cathedral. A viewing area will be set up outside on the plaza for the overflow crowd. How Fernando Valenzuela changed Los Angeles forever No public parking will be allowed at the church parking lot, so those looking to attend are advised to take public transit or use rideshare apps.  For people who can’t attend in person, the service will be livestreamed on the church’s website.  The legendary Dodger died on Oct. 22 at the age of 63. Tributes to Valenzuela have poured in from across the baseball world; locally, a mural in his honor painted by artist Robert Vargas was unveiled in Boyle Heights over the weekend.

The Santa Ana winds raging in Southern California are hitting hurricane speeds in some areas, prompting weather officials to describe the fire conditions as “EXTREME.” In fact, the National Weather Service described the winds and low humidity, which are expected to stick around until Friday, as a “Particularly Dangerous Situation.” The NWS reports wind gusts have already hit 85 mph on the Magic Mountain Truck Trail, 74 mph on the Palo Sola Truck Trail and 73 mph in Browns Canyon. Los Angeles gathering to celebrate life and legacy of Dodgers legend Fernando Valenzuela Those high winds, combined with humidity that could drop as low as 8%, create a fire danger that exceeds even the red flag warnings many Californians are accustomed to seeing. “We have dry conditions, we have windy conditions,” said KTLA meteorologist Henry DiCarlo. “Not a big warm up with this Santa Ana event, but you only need two of the three to get fire concerns, and they’re certainly elevated.” The fire danger has also resulted in the closure of Topanga Canyon Boulevard between Mulholland Drive and Pacific Coast Highway. Click here to

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. By Sharon Wu Edited By Angelica Leicht November 6, 2024 / 10:12 AM EST / CBS News If you’re planning to invest in gold, it may not make sense to wait much longer, experts say. Getty Images The price of gold continues to shatter records in 2024. Not only has the price broken numerous records so far this year, but the precious metal recently hit an all-time high of $2,730 per ounce, pushing past the previous price barriers once again. Three main factors are helping to drive this explosive growth: heavy buying from central banks, ongoing inflation concerns and expected interest rate cuts by the Federal Reserve. As a result, many investors are wondering if gold’s high price means they should wait to buy. But financial experts say the current market presents unique opportunities. They point to strong signals that suggest gold prices could climb even higher. We consulted three industry professionals about why now might be the right time to invest in gold —

Analysis of how Donald Trump is projected to win the 2024 presidential race – CBS News Watch CBS News CBS News political contributor and Democratic strategist Joel Payne joins “CBS Mornings” to discuss Trump’s projected victory in the 2024 presidential race. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

November 6, 2024 / 10:03 AM EST / CBS/AP What Trump’s projected win and election results mean for balance of power – Expert analysis What Trump’s projected win and election results mean for balance of power – Expert analysis 05:46 Stocks and other financial assets are surging after Donald Trump was projected as the winner of the U.S. presidential election  and the Republican party gained control of the Senate. The Dow Jones Industrial Average shot up more than 1,200 points, or nearly 3%, in early trading Wednesday, while the broader S&P 500 and tech-heavy Nasdaq Composite each gained more than 2%. Many investors expect  Trump’s victory  to lead to faster economic growth and more market-friendly policies. “The markets are scrambling to figure out what happens next, but for the time being, the market is pricing in a higher growth and higher inflation outlook,” Peter Esho of Esho Capital said. The price of bitcoin jumped nearly 8% to a record $75,345 before falling back slightly. Trump pledged support for cryptocurrencies during the campaign. Shares of the crypto exchange Coinbase rose 18% and almost all cryptocurrencies surged

By Kerry Breen November 6, 2024 / 10:00 AM EST / CBS News Trump declares “unprecedented mandate” Trump celebrates historic comeback, praises running mate JD Vance 02:01 President-elect Donald Trump is the projected winner of the 2024 election , besting Vice President Kamala Harris for the highest office in the land.  CBS News projected the former president will win multiple battleground states . As of Wednesday morning, Trump was also ahead in the popular vote, something that eluded him in 2016.  Although Trump was projected the winner early Wednesday, Nov. 6, it will be several months before Trump takes office. Here’s what to know about when he will be sworn in.  When will Trump be sworn in?  President-elect Trump will be sworn in at his inauguration. The presidential inauguration is always held on Jan. 20, as specified by the Constitution’s 20th Amendment.  The president-elect becomes the president immediately after being sworn in. The new president typically moves into the White House after the ceremony.  Trump has vowed to end the war in Ukraine before Inauguration Day, but he has no presidential powers before being sworn

Donald Trump was elected the 47th president of the United States on Wednesday, fulfilling his promise to shatter America’s political status quo after he refused to accept his loss to President Biden four years ago and inspired a mob of supporters to violently storm the U.S. Capitol. The former president’s decisive victory over Vice President Kamala Harris — after an extraordinary campaign in which he was convicted of felony charges and survived two assassination attempts — was confirmed shortly after 5:30 a.m. EST when he secured more than 270 electoral votes after picking up the key battleground states of Georgia, North Carolina, Pennsylvania, and Wisconsin. Trump, who won the electoral college in 2016 but not a majority of votes, was also on track to win the popular vote. “This will forever be remembered as the day the American people regained control of their country,” Trump told a crowd at around 2:30 a.m. Wednesday from a stage adorned with star spangled banners at his campaign headquarters in West Palm Beach, Fla. The former president declared himself the winner before most news outlets had called the race.

Hardcover fiction 1. Intermezzo by Sally Rooney (Farrar, Straus & Giroux: $29) Two grieving brothers come to terms with their history and the people they love. 2. The Grey Wolf by Louise Penny (Minotaur: $30) The 19th mystery in the Armand Gamache series. 3. Playground by Richard Powers (W.W. Norton & Co.: $30) The Pacific Ocean-set novel explores one of the last wild places we have yet to colonize. 4. The Waiting by Michael Connelly (Little, Brown & Co.: $30) LAPD Det. Renée Ballard tracks a serial rapist whose trail has gone cold. 5. James by Percival Everett (Doubleday: $28) An action-packed reimagining of “The Adventures of Huckleberry Finn.” 6. Creation Lake by Rachel Kushner (Scribner: $30) A seductive and cunning American woman infiltrates an anarchist collective in France. 7. Tell Me Everything by Elizabeth Strout (Random House: $30) A return to the town of Crosby, Maine, and its colorful cast of characters. 8. All Fours by Miranda July (Riverhead Books: $29) A woman upends her domestic life in this irreverent and tender novel. 9. Karla’s Choice by Nick Harkaway (Viking: $30) A new novel

A strip mall in Garden Grove burned early Wednesday morning. About 75 firefighters were on scene in the 13200 block of Brookhurst Street to battle the three-alarm blaze as of about 3:30 a.m., the Orange County Fire Authority said on social media. A Garden Grove strip mall burned on Nov. 6, 2024. (OCFA) A Garden Grove strip mall burned on Nov. 6, 2024. (KTLA) The blaze was knocked down by 5 a.m., though firefighters will remain there “for an extended time to fully extinguish hot spots,” the OCFA added. No injuries have been reported, and the cause of the blaze remains under investigation.

Challenger Ysabel Jurado has opened up a wide lead on incumbent Kevin de León for the Los Angeles City Council’s 14th District seat. The race has not officially been called but Jurado held a 55.4% (29,047 votes) to 44.6% (23,375 votes) lead on de León, according to an update from the L.A. County Registrar-Recorder’s office at 4 a.m. The City Council seat represents neighborhoods from downtown Los Angeles to Eagle Rock and El Sereno.  Both candidates have been embroiled in controversy over statements that were recorded and leaked online. Ysabel Jurado, seen in this undated image from her campaign website, is running for Los Angeles City Council District 14. Jurado most recently faced backlash for saying “F– the police” in a meet-and-greet with college students. The audio clip was exclusively released by the Westside Current and reportedly occurred when a Cal State Los Angeles student asked Jurado about her stance on abolishing the police. L.A. City Council candidate facing backlash for saying ‘F— the police’ in leaked audio In 2021, a recording captured de León using racist language during a meeting with former Councilman Gil Cedillo

Early analysis of why voters picked Trump over Harris – CBS News Watch CBS News Donald Trump’s projection to become the 47th president comes after a campaign that saw Kamala Harris portray Trump as a threat to democracy. CBS News’ John Dickerson and Robert Costa have more on why voters seemingly didn’t buy that argument. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Ian Bohen on what to expect from the second half of “Yellowstone” season 5 – CBS News Watch CBS News Ian Bohen, who plays Ryan on the hit show “Yellowstone,” joined “CBS Mornings” to talk about the second half of the series’ fifth season Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Donald Trump becomes president-elect after 2024 election Donald Trump becomes president-elect after 2024 election 03:34 Donald Trump’s projected victory at the polls is giving a fresh boost to stocks. Dow futures soared nearly 1,400 points, or 3.2%, lifting the blue-chip market into record terrain before the start of trade on Wednesday. S&P 500 futures were up more than 2%, while the tech-heavy Nasdaq Composite also looked set to open strong.  “U.S. equity futures have traded up while election results have been tallied. In our base case, we expect the S&P 500 to rise to 6,600 by the end of 2025, a near-15% price return from current levels, driven by our expectations of benign U.S. growth, lower interest rates and the continued structural tailwind from AI,” Solita Marcelli, Chief Investment Officer Americas, UBS Global Wealth Management, said in an email. “Lower corporate taxes and/or deregulation of the energy and financial sectors under a Trump administration could provide additional support.” Cryptocurrency is also surging as investors bet that the second Trump administration will benefit the volatile sector. Bitcoin prices rose nearly 8% to a record $75,345.00 in

Trump adviser Jason Miller on Trump’s projected victory as 47th president – CBS News Watch CBS News Jason Miller, a senior adviser to Donald Trump, joins “CBS Mornings” to discuss Trump’s projected win as 47th president and what his new term could look like. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

A thunderstruck world on Wednesday took in Donald Trump’s victory in the U.S. presidential election with varying expressions of jubilation, dismay or bafflement as allies and adversaries recalibrated their vision of a vastly altered American landscape. On Ukraine’s frosty battlefields, in bustling urban cafes in Europe and Asia, on Middle Eastern street corners, there were gasps and widened eyes as the news flashed on televisions and smartphone screens. But in some quarters, a certain sense of detachment pervaded over this faraway political earthquake. World leaders swiftly weighed in, ranging from enthusiastic congratulations to more somber and circumspect assurances of continuity in the relationship with Trump, whose mercurial first presidency upended many longstanding diplomatic norms. “History’s greatest comeback!” Israeli Prime Minister Benjamin Netanyahu posted on the platform X. French President Emmanuel Macron, in a message more typical of Washington’s closest Western allies, declared himself “ready to work together as we did.” Hungary’s right-wing Prime Minister Viktor Orbán, a longtime Trump ally, called his election “a beautiful victory.” While most Americans either followed the tallies into the bleary-eyed early-morning hours or awoke to news of Vice President

From the moment he rode a golden escalator downward and into the queasy gut of American political life, Donald Trump did it his way — unbridled by precedent, often powered by “alternative facts” and dedicated to the proposition that only he could “make America great again.” The real estate mogul and onetime reality TV star captured a second term as president of the United States early Wednesday morning — nearly a decade after his now iconic entrance on the nation’s political stage. His candidacy again surmounted innumerable obstacles and defied much of a political establishment that views him with utter disdain. The former president defeated Vice President Kamala Harris by harnessing the abiding dissatisfaction of many Americans — uneasy about the high cost of living, unsettled about a southern border they view as insecure and disturbed over an evolving culture they feel has strayed too far from traditional values. Donald Trump arrives with a bandaged ear at the Republican National Convention in Milwaukee in July. (Robert Gauthier / Los Angeles Times) “The closing argument was basic and it worked: The country is broken. I’m a

After 20 years in the same house, I started to feel as though I no longer belonged on my street. It was 2008, the year of Barack Obama’s first campaign for president, but also the year of Proposition 8, a constitutional amendment to ban same-sex marriage in California. I was covering marriage equality for the editorial board, writing several times a week about everything from gay couples’ parenting rights to the economics of same-sex weddings. Then I would head home and, on the last leg of my commute, enter a different world. Driving down my quiet street in Laguna Beach felt more like running a gantlet than coming home. Most of the yards along the way were dotted with bright yellow and blue “Yes on 8” lawn signs with an image of an apple-pie conventional family that looked like it was from the 1950s instead of the 21st century: mom, dad, son, daughter, the females wearing dresses. “Restore Marriage,” the signs said, as though the advent of same-sex marriage had somehow eliminated all other weddings. The preponderance of such signs was uncommon in Laguna Beach