Silicon Valley Bank crisis: Feds move in to help

In an effort to shore up confidence in the banking system, the Treasury Department, Federal Reserve and FDIC said that all Silicon Valley Bank clients would be protected and able to access their money.

US government says all Silicon Valley Bank clients will have access to funds

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.

No federal bailout for collapsed Silicon Valley Bank: Treasury Secretary Yellen

Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.

Silicon Valley Bank seized by regulators

Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.

Lottery players in Oakland, San Jose each win $2M from scratchers

Lucky lottery players in Oakland and San Jose each won $2 million recently with Scratchers tickets purchased at stores, California Lottery officials announced Thursday.

Meta will reportedly slash thousands of jobs this week

Meta, the parent company of Facebook and Instagram, is reportedly set to lay off thousands of workers as early as this week. Late last year, the company also cut the jobs of 11,000 employees.

Powell signals increased interest rate hikes if economy stays strong

Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.

Housing affordability at record low, report says

The number of affordable listings fell 53% from a year earlier, the Redfin report found.

San Francisco Muni faces 'fiscal cliff'

San Francisco's Muni is among the Bay Area's transit agencies facing unprecedented financial challenges.

San Francisco high schoolers create investment club

Students at one San Francisco high school are taking a hands-on approach to learn about economics. The teens started and ran an investment club, and are now managing a portfolio worth more than $14,000.

'Real leader': Biden nominates Julie Su as next US labor secretary

Julie Su, a civil rights attorney and former head of California’s labor department, was central to negotiations between labor and freight rail companies late last year, working to avert an economically debilitating strike.