Federal Reserve cuts its key interest rate by a quarter-point on heels of election
The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.
The interest rate cut follows a larger half-point reduction in September, and it reflects the Federal Reserve's continued focus on supporting the job market and battling inflation.
Newsom proposes increased tax credits for TV, film production
Gov. Gavin Newsom is voicing his support for legislators to increase the tax credit the state offers to producers of films and TV shows that shoot in California by more than double.
Gov. Gavin Newsom is voicing his support for legislators to increase the tax credit the state offers to producers of films and TV shows that shoot in California by more than double.
Measure GG: Berkeley's battle between economy and environment
Measure GG proposes a tax on natural gas use on bigger buildings, but some business owners believe it’s too expensive and could force them to close.
Measure GG proposes a tax on natural gas use on bigger buildings, but some business owners believe it’s too expensive and could force them to close.
California's home insurance crisis: Real estate industry adjusts
Despite lowered interest rates, the boom days of California healthy home sales and quick financing seem farther and farther away.
Despite lowered interest rates, the boom days of California healthy home sales and quick financing seem farther and farther away.
A closer look at how Trump's economic plan could impact inflation
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Former President Donald Trump has vowed to eliminate inflation if he returns to office, but economists warn that his proposed policies, including high tariffs, mass deportations, and interference with the Federal Reserve, could worsen the issue.
Holiday spending projected to hit new record this year
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Notable differences this year include the shopping period between Thanksgiving and Christmas being nearly a week shorter, and the economic impact of Hurricanes Helene and Milton.
Inflation reaches lowest point in 3 years; here's what prices came down most
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
The improved inflation stats show that it’s steadily moving back to the Federal Reserve’s 2% target, with the agency likely to keep cutting its standard interest rate in 2024.
Mixologists kick off 'Oakland Style' to showcase the best of The Town
Oakland kicked off a series of events on Wednesday night, designed to attract people to the city. It's called "Oakland Style." It highlighted the best of what the city has to offer in cuisine, culture, and art. There was a new event this year. Organizers added a mixologist competition.
Oakland kicked off a series of events on Wednesday night, designed to attract people to the city. It's called "Oakland Style." It highlighted the best of what the city has to offer in cuisine, culture, and art. There was a new event this year. Organizers added a mixologist competition.
New jobs blow away experts' forecasts
Though the vast majority of economists and analysts saw the U.S. gaining about 144,000 new jobs in September, the actual number blew those estimates away at 254,000.
Though the vast majority of economists and analysts saw the U.S. gaining about 144,000 new jobs in September, the actual number blew those estimates away at 254,000.
JCPenney to hire more than 10,000 workers this holiday season
JCPenney is hiring more than 10,000 seasonal workers nationwide ahead of the holiday season. Here are the other companies looking for seasonal employees.
JCPenney is hiring more than 10,000 seasonal workers nationwide ahead of the holiday season. Here are the other companies looking for seasonal employees.
Port strike panic buying? Costco toilet paper frenzy making the rounds on social media
Videos posted online claim that toilet paper is sold out at Costco stores from Arizona and Colorado to New Jersey.
Videos posted online claim that toilet paper is sold out at Costco stores from Arizona and Colorado to New Jersey.
California's water supply outlook for the next 12 months
The new water year begins on October 1st and it comes on the on the heels of one of the hottest and driest summers on record. So, the California Department of Water Resources just briefed the media on expectations and preparations for the next 12 months. In fact, the DWR is masterful at managing water and it's getting better at looking into Mother Nature's weather crystal ball.
The new water year begins on October 1st and it comes on the on the heels of one of the hottest and driest summers on record. So, the California Department of Water Resources just briefed the media on expectations and preparations for the next 12 months. In fact, the DWR is masterful at managing water and it's getting better at looking into Mother Nature's weather crystal ball.
Cisco layoffs will leave hundreds of Bay Area workers without jobs
Hundreds of Cisco Systems employees will be laid off as the company shifts focus to artificial intelligence and cybersecurity.
Hundreds of Cisco Systems employees will be laid off as the company shifts focus to artificial intelligence and cybersecurity.
Would Harris or Trump do a better job on the economy? Voters spilt in new poll
About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.
About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.
Will the Fed's rate cut bring down mortgage rates?
While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.
While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.
Riskiest, most dangerous job sectors in California: report
While all sorts of jobs have some sort of occupational hazards, five industries in California see more injuries and fatalities than others, according to a study by Hansford Law, workers' compensation attorneys.
While all sorts of jobs have some sort of occupational hazards, five industries in California see more injuries and fatalities than others, according to a study by Hansford Law, workers' compensation attorneys.
Alameda Comedy Club to close
It will soon be the final curtain for the Alameda Comedy Club, as the company plans to close by the end of the year.
It will soon be the final curtain for the Alameda Comedy Club, as the company plans to close by the end of the year.
Poll shows Americans take dim view of grocery industry amid recalls, inflation
A recent Gallup poll reveals a shift in Americans' opinions of the grocery industry, with more negative than positive views for the first time. Concerns over inflation and food safety have contributed to declining confidence in a once highly-rated sector.
A recent Gallup poll reveals a shift in Americans' opinions of the grocery industry, with more negative than positive views for the first time. Concerns over inflation and food safety have contributed to declining confidence in a once highly-rated sector.
Mortgage loan rates expected to drop significantly; how to strategize
With the Federal Reserve expected to begin lowering interest rates next week, a lot more people with pent-up demand to buy or sell a house will be wondering when to go to the housing market.
With the Federal Reserve expected to begin lowering interest rates next week, a lot more people with pent-up demand to buy or sell a house will be wondering when to go to the housing market.
Inflation continues to cool, latest numbers show
The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.
The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.