News
Two ways of calculating: Trump defends his mathematically impossible calculations on drug prices
9+ hour, 16+ min ago (540+ words) During a Thursday event'announcing a deal with drugmaker Regeneron to lower the cost of its pharmaceutical products, Trump defended his past claims that prices on prescription medications had been cut by well over 100% " something that is mathematically impossible without manufacturers…...
North Bay unemployment rates drop in February, latest data shows
6+ day, 21+ hour ago (465+ words) Jobless rates in February dropped in the North Bay after spiking across the six-county region in January, according to figures released Friday. California's month-over-month rate held steady at 5. 4% for the third consecutive month, according to the state Employment Development Department....
More Federal Reserve officials see possible rate hikes this year, minutes show
2+ week, 2+ day ago (353+ words) And "many" of the officials pointed to the risk that higher oil and gas prices could keep inflation elevated for "longer than expected, which could call for rate increases" to push inflation back down. For about 18 months, the Fed has…...
Oil prices rise as US stocks dip, but markets hold mostly steady ahead of Trump's deadline for Iran
2+ week, 3+ day ago (597+ words) President Donald Trump'threatened that a "whole civilization will die tonight, never to be brought back again," if Iran does not meet his latest'self-imposed deadline'at 8 p. m. Eastern time to open the'Strait of Hormuz. Iranian officials, meanwhile, urged young people to form human…...
US consumer confidence inches up despite soaring gas prices brought on by war in Iran
3+ week, 3+ day ago (717+ words) By MATT OTT, AP Business Writer The Conference Board said Tuesday that its consumer confidence index rose modestly to 91. 8 in March from 91 in February. The board said that while rising costs due to tariffs and spiking oil prices induced by…...
Rincon Valley Union was at "high risk" for fiscal insolvency, February state audit shows
3+ week, 3+ day ago (1308+ words) Weaknesses" in Rincon Valley Union School District's budgeting practices and inconsistent business operations" were leading causes of the multi-million dollar deficit that has clouded the eastern Santa Rosa system's financial outlook, a new state fiscal oversight report found. The audit,…...
These 10 Cloverdale roads are getting repaired next year. Is your road getting fixed?
3+ week, 3+ day ago (511+ words) Some of Cloverdale's most worn-down streets are slated for repair next year using new revenue generated by the 2024 Measure DD sales tax. On Wednesday, March 25, the Cloverdale City Council directed staff to move forward with road repairs using revenue already…...
Chances of a Federal Reserve rate cut fade as inflation worsens
1+ mon, 1+ hour ago (637+ words) Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing. And with inflation measures likely to rise in the coming months, the prospect of interest rate cuts…...
Nation's largest retail group forecasts 4. 4% gain in retail sales for this year despite volatility
1+ mon, 5+ day ago (372+ words) But the group said Wednesday that the repercussions of the Iran war on consumer spending are too uncertain to incorporate into its outlook. The National Retail Federation expects retail sales should rise this year by 4. 4% over 2025 to $5. 6 trillion, based on…...
Poland is now among the world's 20 largest economies. How it happened
1+ mon, 1+ week ago (1094+ words) By CLAUDIA CIOBANU and DAVID Mc HUGH A generation ago, Poland rationed sugar and flour while its citizens were paid one-tenth what West Germans earned. Today, the economy of the country has edged past Switzerland to become the world's 20th largest…...