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News
Inflation eases in Bay Area, but gasoline prices climb higher
3+ hour, 57+ min ago (423+ words) Inflation cooled slightly in the Bay Area in August, but gasoline prices skyrocketed in the region, a government report released Friday shows. The Bay Area inflation rate rose 3.4% over the one-year period that ended in August, less than the 3.8% annual…...
California job market ranks among the weakest of the weak nationwide
7+ mon, 3+ day ago (999+ words) California’s booming economy is one of the world’s largest, but a peek behind the curtain exposes the forbidding reality of a statewide job market that is ranked as one of the nation’s worst. “There’s no sugarcoating the situation in California....
San Jose small businesses hit hard by inflation
2+ mon, 1+ week ago (670+ words) Inflation is putting pressure on small businesses as owners face rising costs, supply shortages and difficult decisions on pricing. For many small business owners, inflation has turned expenses into challenges. Rising costs for ingredients, packaging and supplies are forcing entrepreneurs…...
US inflation tops 4% for first time in three years as oil prices jump – East Bay Times
3+ mon, 1+ day ago (495+ words) Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics. Prices rose 0.5% on a monthly basis, driven higher by the…...
Jill On Money: Is the economy good or bad?
3+ mon, 1+ week ago (599+ words) East Bay Times Jill On Money: Is the economy good or bad? Economists, analysts, and financial journalists have been wrestling with the paradox of the U.S. economy. We are living at a time of historically low confidence, high gas prices, soaring…...
Jill On Money: Consumers are miserable, but resilient
4+ mon, 1+ week ago (244+ words) Americans are having a strange economic moment. We feel bad – really bad. The University of Michigan Consumer Sentiment Index fell to its lowest level ever recorded, as war in the Middle East caused all demographic groups across age, income, and…...
San Jose adjusts living wage for city contract workers to catch up with inflation
4+ mon, 2+ week ago (552+ words) To help city contractors keep up with the Bay Area’s high cost of living, San Jose will now tie their pay directly to the rate of inflation — a move that increases wages for some of the city’s lowest paid contract…...
IMF chief warns that Iran war will slow global economic growth
5+ mon, 2+ day ago (313+ words) Managing Director Kristalina Georgieva said the fund will downgrade its forecast for the world economy next week. “Had it not been for this shock, we would have been upgrading global growth,” Georgieva said in remarks before next week’s IMF-World Bank…...
Walters: Newsom may spend $19 million to sugarcoat California’s stalled economy
5+ mon, 1+ week ago (378+ words) California hasn’t had a truly balanced state budget for four or maybe five years, and the current one continues to overspend its revenues. Nevertheless, Gov. Gavin Newsom wants to spend $19 million on a marketing campaign to portray California as having…...
Meet the new AI coworker who won’t stop snitching to your boss
5+ mon, 1+ week ago (742+ words) By Saritha Rai, Bloomberg The Slack messages began arriving at 5:47 a.m. on a recent Monday. Three sales proposals had gone out the previous week and none of the team members had scheduled follow-ups. The reminders were crisp, professional and relentless — and…...