Trump says he aims to suspend gas tax amid high fuel prices

President Donald Trump said on Monday morning that he aims to suspend the federal gas tax for a period of time to help address high fuel prices.

Hire Oakland job fair
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Hire Oakland Job Fair will be taking place outside at Frank H. Ogawa Plaza at Oakland City Hall on Wednesday, May 13. The citywide hiring event will feature recruiters from EBMUD, Samuel Merritt University, the City of Oakland, BART, PG&E, and more. Visraant Iyer, gives insight.

DOJ confirms antitrust probe of major meatpackers over beef price inflation

The Justice Department confirmed its active investigation of potential antitrust violations in U.S. cattle and beef markets, reviewing more than 3 million documents and interviewing industry participants as federal officials scrutinize whether highly concentrated meatpacking power has contributed to high beef prices.

US restaurant sales fall as Iran war drives up gas prices

With pain at the gas pump reaching new highs due to U.S.-Iran tensions, many consumers are pulling back on dining out. Major restaurant brands report falling revenue as households pivot to cost-saving measures to offset rising daily expenses.

Clinique and M.A.C.-owner Estée Lauder to cut 3,000 more jobs, mainly at its stores

Estée Lauder revealed this week thousands of more job cuts are in the works as the company continues its restructuring effort. The announcement came Friday as the company also increased its annual profit forecast, sending shares higher in pre-market trading. 

'A Great Good Place for Books' in Oakland to close after more than 20 years

A longtime independent bookstore in the Oakland hills will close in the coming weeks due to financial challenges and changing customer habits.

California high-speed rail costs soar to $231 billion

Calls are growing to scrap the high-speed rail project as costs balloon by 700% and federal funding is withdrawn under the Trump administration.

Trump signs DHS funding bill, ending a record shutdown

The House approved a bill on Thursday to fund most of the Department of Homeland Security to end the longest agency shutdown in history.

Federal government made $186B in improper payments last fiscal year

A new Government Accountability Office (GAO) report reveals that improper federal spending surged to $186 billion in 2025. The GAO found that the bulk of these payments happened within the nation’s largest programs.

Dave & Buster's preparing for Jack London Square grand opening Monday

A major name in entertainment is officially joining Oakland’s Jack London Square. Dave & Buster's is scheduled to hold a grand opening ceremony Monday at its new home located at 55 Harrison Street.

Job hugging: staying put, planning the exit
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Even though the job market appears to be slowing down, a new study suggests many workers may actually be preparing for their next move. John Woods, founding director of the University of Phoenix Career Institute, gives insight.

Record number of Americans say their financial outlook is ‘getting worse’

A new survey finds rising costs still dominate Americans’ concerns, with a record share saying their financial situation is getting worse. Here’s what to know.

California billionaire tax measure secures signatures for November ballot

California labor unions have gathered 1.5 million signatures for a ballot initiative to tax billionaires 5% to fund healthcare and offset federal cuts.

Consumer confidence hits record low amid Iran war fears, K-shaped economy concerns

U.S. consumer confidence fell to its lowest level on record this month, driven by fears over rising costs tied to the ongoing war in Iran, even as official government data suggests the broader economy remains relatively stable.

New CalFresh work requirements start June 1: What you need to know

New federal rules starting June 1, 2026 expand CalFresh work requirements for adults aged 18-64 in California, with specific exemptions for certain groups.