GEICO closes all California offices, lays off workers: report
GEICO has reportedly closed all 38 of its agent offices in California, laid off hundreds of employees, and will no longer sell insurance through telephone agents in the state.
GEICO has reportedly closed all 38 of its agent offices in California, laid off hundreds of employees, and will no longer sell insurance through telephone agents in the state.
How to recession-proof your life
If you think a recession could destabilize your finances, here are some things you can do to prepare.
If you think a recession could destabilize your finances, here are some things you can do to prepare.
Man opens up about leaving teaching for better-paying Walmart job
The 28-year-old man said the chance to move up without getting an advanced degree was one of the motivating factors for him to leave the education field.
The 28-year-old man said the chance to move up without getting an advanced degree was one of the motivating factors for him to leave the education field.
Manchin says deal reached with Schumer on tax and climate bill
In a startling turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin have reached an expansive agreement that had eluded them for months on health care, energy and climate issues, taxes on higher earners and corporations and trimming the federal debt.
In a startling turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin have reached an expansive agreement that had eluded them for months on health care, energy and climate issues, taxes on higher earners and corporations and trimming the federal debt.
Fed hikes interest rate by 0.75 percentage points in bid to curb inflation
The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
Nearly half of Americans will take on debt this year despite higher borrowing costs: survey
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Even with the Federal Reserve expected to raise borrowing rates again next week, adding debt is “not necessarily a bad sign," analysts say.
Port of Oakland shut down for a 3rd day; no end in sight for truckers protesting for independence
In its third day of shutdown, thousands of independent truck drivers are making history by uniting so they can remain independent at the Port of Oakland.
In its third day of shutdown, thousands of independent truck drivers are making history by uniting so they can remain independent at the Port of Oakland.
Amy's Kitchen to close San Jose production plant in September
Amy's Kitchen, a successful organic, healthy frozen food producer says it will close its San Jose frozen pizza production center.
Amy's Kitchen, a successful organic, healthy frozen food producer says it will close its San Jose frozen pizza production center.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
Costco raises prices on food court soft drinks, chicken bake
Wholesale retailer Costco reported June net sales of $22.78B.
Wholesale retailer Costco reported June net sales of $22.78B.
America's booming job market defies economic gravity
While many parts of the economy are experiencing varying levels of distress, the job market continues to show remarkable strength.
While many parts of the economy are experiencing varying levels of distress, the job market continues to show remarkable strength.
US employers add a solid 372,000 jobs in sign of resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
Gas prices take slight dip due to fear of a global recession
On Tuesday, the price of crude oil dropped 9%, the largest drop since March. Trading for natural gas, gasoline and heating oil have also recently declined.
On Tuesday, the price of crude oil dropped 9%, the largest drop since March. Trading for natural gas, gasoline and heating oil have also recently declined.
San Francisco's tourism upswing creates economic optimism
July 4th has come and gone, but many of the visitors to San Francisco are still here. The tourism industry is saying while tourism isn't back to pre-pandemic levels it is on the upswing.
July 4th has come and gone, but many of the visitors to San Francisco are still here. The tourism industry is saying while tourism isn't back to pre-pandemic levels it is on the upswing.
Electric vehicle battery myths v. facts: The debate over ‘green’
As demand for electric vehicles grows, innovation follows and companies are looking at more environmentally friendly options when it comes to the controversial manufacturing of EV batteries.
As demand for electric vehicles grows, innovation follows and companies are looking at more environmentally friendly options when it comes to the controversial manufacturing of EV batteries.
800 city jobs open in San Jose as public sector faces hiring woes
The nationwide labor shortage is not just impacting the private sector. Local governments are also having trouble finding workers and face a changing labor landscape.
The nationwide labor shortage is not just impacting the private sector. Local governments are also having trouble finding workers and face a changing labor landscape.
Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Warriors' parade a much needed boost for BART and downtown San Francisco businesses
The Warriors' parade provided an economic boost to BART and for San Francisco's downtown area that has pretty much been a ghost-town since the beginning of the pandemic.
The Warriors' parade provided an economic boost to BART and for San Francisco's downtown area that has pretty much been a ghost-town since the beginning of the pandemic.
American Airlines ending service in three cities due to pilot shortage
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
Flight delays and cancellations continue to plague passengers, as travel demand increases
The nation's airlines have yet to resolve the issue they can control, resulting in another holiday weekend full of delays, cancellations and plain old passenger angst. Though they received $54 billion to stay afloat and keep their employees, airlines just can't keep up.
The nation's airlines have yet to resolve the issue they can control, resulting in another holiday weekend full of delays, cancellations and plain old passenger angst. Though they received $54 billion to stay afloat and keep their employees, airlines just can't keep up.