Fighting gas prices, US to release 50 million barrels of oil

The U.S. action is focused on helping Americans coping with higher fuel and other prices ahead of Thanksgiving and winter holiday travel.

CVS to shutter nearly 1,000 stores over 3 years in online retail shift

As retail evolves, one major pharmacy chain is closing one in 10 of its stores to make major changes. Other chains are wrestling with their own problems in how to adapt to a changing retail landscape.

US unemployment claims drop seventh straight week to 268,000

U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.

Target, Walmart say holiday inventory is up despite supply chain disruptions

Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.

Oakland mayor announces bold rental assistance pilot program

200 Oakland families will each get ongoing support, averaging $750 a month, for up to 18 months, to reduce their rents by 50%.

California gas prices set new record as Bay Area prices soar even higher

Gas prices in California reached an all-time high on Monday, with prices in the Bay Area even higher, hitting new records of their own. 

US inflation: Economists explain why consumer prices are rising

For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.

Bay Area inflation is busting budgets

Nationwide, the inflation rate rose at its fastest pace in 31 years, chipping away as spending power from coast to coast. But what's the Bay Area impact? 

US consumer prices jumped 6.2% in past year, highest inflation rate since 1990

Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.

USPS hopes robotic processing in Oakland will help the holiday rush

The USPS Oakland Processing and Distribution Center is the first site to test and successfully use a new robotic arm. Officials said it makes sorting packages more efficient.

11 Democratic lawmakers ask Biden to dip into Strategic Petroleum Reserve to alleviate gas price hike

The Strategic Petroleum Reserve is stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico and is the world’s largest supply of emergency crude oil.

Fast food workers to strike Tuesday over health, safety standards

Fast food workers are striking statewide Tuesday, including in Oakland and Campbell, to demand better health and safety standards at their workplaces, organizers with the Fight for $15 said Monday. 

Here's what California could do to help fix the supply chain

Global supply chain problems have led to a massive backup at Southern California ports. Now, California lawmakers are asking experts about what the state could do to help.