Inflation slows across U.S., but San Francisco Bay Area doesn't feel it
Inflation in the United States may be slowing down, but a new report from Wallethub says the San Francisco Bay Area is top four in the nation for inflation struggles.
Powell Street upgrade includes dramatic lighting, wider sidewalks
Powell Street is one of San Francisco's most recognized thoroughfares.
Majority of employment growth since COVID-19 goes to immigrants, report finds
A report finds that immigrants accounted for most of U.S. job growth since 2019, while employment growth for U.S.-born workers declined.
California home to most Fortune 500 companies, beats out Texas and New York
For the first time in a decade, California is home to the most Fortune 500 companies in the U.S., with a majority of the firms on the state’s list headquartered here in the Bay Area.
Round-the-clock preparations are underway as SF is set to host massive, sold-out surprise rave concert
Excitement was building on Friday night in San Francisco in anticipation of a huge, sold-out rave concert at Civic Center Plaza. Crews worked round the clock to set the stage for Saturday's massive event. Fred Again, a DJ and artist from the U.K., is headlining the concert with Scrillex.
Salesforce stock value plummets, company loses nearly $50B in value in one day
San Francisco-based tech company Salesforce lost tens of billions in valuation this week, all after the company showed less-than-impressive growth in a quarterly financial report.
New research highlights widening income wage gap in California
An analysis done by the Public Policy Institute of California shows the top 10% of earners in California make 10 times more money than those in the bottom 10% of earners. KTVU's Alex Savidge discusses the key takeaways from this research with Tess Thorman, PPIC Research Associate and study co-author.
Inflation forces Palo Alto Chinese restaurant to close after 38 years
Regulars at a Chinese restaurant in Palo Alto savored their final meals from the long-running establishment that has been forced to close its doors due to inflation.
San Francisco Chamber of Commerce celebrates small business week
KTVU's Alex Savidge and Heather Holmes highlight some of San Francisco's local favorites with Rolando Tirado, Small Business Manager with the San Francisco Chamber of Commerce.
Shreve & Co. closing Union Square store after 172 years in San Francisco
Shreve & Co., a prestigious jeweler that has been in San Francisco for 172 years, announced on Monday that they are leaving the city.
Services available for Bay Area families struggling to afford housing
According to a new survey, nearly 4 in 10 Bay Area households spend more than 30% of their income on housing. This Affordable Housing Month, United Way Bay Area is raising awareness about the services available to local rent-burdened families. KTVU's Alex Savidge discusses the affordable housing crisis with Kelly Batson, Interim CEO of United Way Bay Area.
Pres. Biden signs provision that could ban TikTok in the U.S.
Congress has long had national security concerns about the Chinese-owned social media app TikTok, but has not succeeded in banning the platform from American app stores. A new law requires TikTok's Beijing-based parent company ByteDance to sell its stake within 9 months or face a nationwide ban. Now, TikTok's CEO is pushing back and promising a legal challenge. KTVU's Heather Holmes and Alex Savidge discuss the implications of the bill with Nadine Farid Johnson, Policy Director at the Knight First Amendment Institute at Columbia University.
Why the viral trend ‘chronoworking’ is making waves among employees and employers
HR professionals are revealing the benefits of the viral trend "chronoworking," assuming all parties can be flexible.
San Francisco closing designated site for Mission street vendors
Illegal street vending in San Francisco heavily contributed to the city losing businesses whose merchandise became targets for thieves to resell, mainly on Mission Street and other locations.
State Farm to drop thousands of California policy holders this year
California's largest home insurer, State Farm, plans to drop tens of thousands of policyholders later this year because of significant wildfire risk. Those customers will not have their policies renewed once their current contract is up. Many of them live in Contra Costa, Sonoma, Santa Clara and Santa Cruz Counties. KTVU's Alex Savidge and Jana Katsuyama discuss the changes with Karl Susman, insurance expert and broker with Susman Insurance Agency.
Pres. Biden lays out new plan to eliminate student loan relief
KTVU's Alex Savidge discusses President Biden's latest plan to cancel student loan debt for more than 30 million borrowers with nationally-recognized financial aid and student loan expert Mark Kantrowitz.
New jobs report shows less unemployment, more spending
KTVU's Frank Mallicoat is joined live in studio by Certified Financial Planner James McBride for insight into the latest jobs report.
Report: California risks slip to 6th largest world economy
California currently ranks as the 5th largest economy in the world in terms of gross domestic product, generating more than $3.8 trillion in 2023. However, according to a new report from The Center for Jobs and the Economy, California is in jeopardy of losing that ranking to India, which is only 3.5% smaller and could outrank California by the end of 2024. KTVU's Frank Mallicoat breaks down the numbers with Brooke Armour, President of the California Center for Jobs.
Come Monday, which fast food workers get raised to $20 an hour?
As of Monday, a new law mandating $20 hourly wages for fast-food workers goes into effect. That will give many low-income workers a big boost in pay they otherwise would not have gotten. But, there are exceptions.
Meta takes first steps to reduce politics on Instagram feed
Meta says it has started the process of limiting the political content users see on their newsfeeds. The rollout happened quietly, as users noticed their default settings had been changed to limit content that mentions government, elections or certain social topics. Users now have to go into their settings to opt out of these changes if they'd like to keep their feeds as is. Earlier this year, Meta said Instagram would stop recommending political content from accounts that users don't already follow. KTVU's Alex Savidge and Heather Holmes discuss the changes and what comes next with Subramaniam Vincent, Director of Journalism and Media Ethics at Santa Clara University.