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News
California has 9% fewer unemployed as jobless counts rise in Texas, Florida
1+ hour, 50+ min ago (522+ words) Fewer Californians are officially out of work even as unemployment grows for the Golden State’s two biggest economic rivals. My trusty spreadsheet found another slice of improving economics across the Golden State by eyeballing the number of jobless workers in…...
Americans rewire grocery shopping routines to deal with biggest price jump in 50 years
3+ day, 1+ hour ago (1843+ words) By DEE-ANN DURBIN, TERRY TANG, MAGGIE SCALES, SANDY GUATIBONZA and HIKARI MAE HIDA, Associated Press What’s for dinner? Lately, at Apral Jack’s house, it’s whatever is on sale. Jack scouts an app for deals at her local supermarket before she…...
U.S. economy turns in sluggish growth and inflation remains above Fed target
4+ day, 3+ hour ago (225+ words) By PAUL WISEMAN, Associated Press And the Federal Reserve’s favored measure of inflation grew more slowly last month, though it remained above the central bank’s 2% target. The Commerce Department reported Thursday that growth in U.S. gross domestic product — the…...
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
2+ week, 6+ day ago (787+ words) By CHRISTOPHER RUGABER, Associated Press WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache. The gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made memory chips, computer…...
Bay Area inflation stays elevated, fueled by rises in food and gasoline prices
2+ week, 5+ day ago (321+ words) Surging food and gasoline prices kept Bay Area inflation at a two-year high in June, an economic after-effect of the ongoing Iran conflict that has rattled crude oil markets worldwide. The consumer price index in the Bay Area rose 3.8% in…...
Andreessen, Chetty among leaders of Fed’s new task forces evaluating operations
3+ week, 2+ day ago (538+ words) By CHRISTOPHER RUGABER, Associated Press WASHINGTON — Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to…...
Andreessen, Chetty among leaders of Fed’s new task forces evaluating operations – The Mercury News
3+ week, 2+ day ago (538+ words) By CHRISTOPHER RUGABER, Associated Press WASHINGTON — Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to…...
The $15 breakfast habit quietly draining your wallet
1+ mon, 2+ day ago (594+ words) Egg prices in the United States have fallen 35.2% over the past year, one of the sharpest year-over-year drops in the federal government’s May inflation report. However, the cost of buying breakfast on the way to work is still moving in…...
Jill On Money: How to support, not enable adult kids
1+ mon, 4+ day ago (370+ words) With annual inflation at a three-year high (4.2 percent), housing costs elevated, and student loan debt crushing millions of borrowers, it’s no surprise that many young adults are leaning on their parents for financial help. But how much is too much…...
Why your summer tomatoes cost so much
1+ mon, 2+ week ago (549+ words) By Emma Court, Bloomberg Juicy tomatoes are a summer staple often slipped into burgers or sliced atop a salad. But weather disruptions in two major growing regions have driven up prices for the vegetable, and consumers shouldn’t expect much relief…...