Economy

News of shopping center giant, Westfield, walking away from its San Francisco Centre mall and handing it back to the bank, overstates the city's social problems with homelessness, theft and crime.

Westfield Centre on Monday says they are transferring management of the San Francisco shopping mall to its lender, who will then appoint a receiver to operate the property.

Memorial Day is the unofficial start of summer, but this year, like last, many municipalities are having a hard time recruiting lifeguards and swim instructors.

After hours of debate, BART's board of directors late Thursday voted to increase fares and parking fees. The agency is facing a huge budget deficit as it struggles to increase ridership. 

May's job gains of 339,000 were surprising, unexpected and across all sectors of the economy. They are so high, they might be considered inflationary.

President Biden and House Speaker Kevin McCarthy are expressing optimism that their debt limit compromise deal, will be able to pass the House and Senate by the deadline June 5th. 

State Farm General Insurance Company is no longer accepting new applications for homeowners insurance policies in California, citing rising construction costs and growing risk of catastrophic wildfires.

The State Farm General Insurance Company will no longer accept new applications for property insurance and other policies in California, citing "historic" increases in construction costs and inflation, the company said Friday. 

The iconic Old Navy store on Market Street in downtown San Francisco will shutter its doors on July 1 after nearly 30 years in operation, a spokesperson for Gap Inc., Old Navy’s parent company, announced on Friday.