News
As beef prices hit record highs, home cooks rediscover the world's oldest cheap proteins
4+ hour, 1+ min ago (376+ words) Ground beef crossed $7 a pound this spring and shows no signs of coming back down. A federal antitrust probe into the four companies that process 85% of American beef launched this week, layered over a cattle supply shortage that has been…...
US inflation tops 4% for first time in three years as oil prices jump
19+ hour, 19+ min ago (816+ 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…...
US jobless claims rose in holiday week to most since february
1+ week, 31+ min ago (380+ words) By Augusta Saraiva, Bloomberg Applications for US unemployment benefits rose last week to the highest level since February, potentially reflecting volatility around the Memorial Day holiday. Initial claims increased by 13, 000 to 225, 000 in the week ending May 30, according to Labor Department…...
Jill On Money: Is the economy good or bad?
1+ week, 2+ day ago (599+ words) The Mercury News 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…...
Walters: Gavin Newsom's last budget still would leave California's finances wobbly
2+ week, 6+ day ago (134+ words) Estimates show operating deficits of roughly $10 billion annually from 202627 through 202930 plus an ongoing gap....
The billionaires telling other billionaires to shut up and pay their taxes
3+ week, 6+ day ago (777+ words) New York " Nvidia CEO Jensen Huang, who has a net worth estimated at roughly $200 billion, was recently asked about California's wealth tax proposal that has some billionaires riled up. "It's fine," he said. "I never once thought about it." RELATED:…...
Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell
4+ week, 19+ hour ago (628+ words) Washington (CNN) " Kevin Warsh was narrowly confirmed Wednesday by the Senate to serve as the 17th chair of the Federal Reserve, inheriting a central bank that has long been under political siege from President Donald Trump and an economy rattled by…...
Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell – The Mercury News
4+ week, 14+ hour ago (288+ words) Kevin Warsh was narrowly confirmed Wednesday by the Senate to serve as the 17th chair of the Federal Reserve, inheriting a central bank that has long been under political siege from President Donald Trump and an economy rattled by geopolitical tensions…...
Falling mortgage rates signal economic distress – The Mercury News
4+ week, 20+ hour ago (18+ words) Jobs were falling at a 0. 6% annual rate across California and 0. 2% nationwide as rates tumbled since 1990....
Bay Area consumer prices rise at highest pace in two years, inflation report shows
4+ week, 1+ day ago (181+ words) Consumer prices in the Bay Area jumped to their highest annual pace in two years in April with a surge in costs fueled by steep increases in gasoline prices as the U. S. conflict in Iran continues. The inflation rate in the…...