Debt ceiling: No agreement yet, but Biden, McCarthy say they're optimistic after meeting
President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.
Debt ceiling explained: Why it's a struggle, how the impasse could end
Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
Debt ceiling: Biden cuts short upcoming trip; McCarthy says deal possibly by end of week
The U.S. Treasury is warning that the U.S. could run out of cash to keep paying the nation’s bills as soon as June 1 if there is no agreement.
Self-checkout machines now ask for tips in latest squeeze on customers
Consumers are now requested to leave tips at self-checkout machines at some airports, bakeries, coffee shops and stadiums across the US
Bay Area home values increase for first time in 9 months
Bay Area home values are back on the rise after a 9-month slump. Zillow reported the biggest jump in Solano, Marin, Napa, and Sonoma counties.
California state budget deficit to get much bigger
The state's budget deficit is so large, it would purchase the latest, brand new 737 Max airplanes.
Gov. Newsom likely to announce bigger deficit than the $22.5B given in January
Gov. Gavin Newsom on Friday is expected to announce an even bigger budget deficit than the $22.5 billion hole that he confronted in January, reflecting an economy burdened by a sagging stock market and disrupted by a series of powerful winter storms that delayed billions of dollars in tax payments.
Coco Republic, latest retailer to announce it's leaving SF's Union Square
Coco Republic, a self-described luxury Australian furniture brand, will close its 53,000 square-foot showroom, located in San Francisco's Union Square this summer, the company announced.
San Francisco takes steps to change zoning
San Francisco leaders are working to change the city's zoning code.
Nordstrom, Anthropologie, Saks OFF 5TH closing downtown San Francisco shops
Nordstrom announced Tuesday morning they are closing both the downtown San Francisco flagship store and the Market Street Rack after 35 years in business.
JPMorgan Chase taking over First Republic Bank in 2nd largest bank failure in U.S. history
JPMorgan Chase, the nation's largest bank, is now taking over San Francisco-owned First Republic Bank, in the second-largest bank failure in U.S. history with the shareholder the clear losers.
First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
Restart of federal student loan payments may be around the corner
The student loan payment freeze dates to early 2020.
Banking's bad day: Collapse of Silicon Valley Bank
Federal banking officials have released their finding on the crash of Silicon Valley Bank on a day another once booming bank hangs on by a thread. A bad day for banking just got worse with news fo a fourth failure.
Silicon Valley Bank failure: Fed partly blames itself for collapse
Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.
These are the cities you can earn six figures in and still be broke
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
First Republic Bank plans for massive layoffs
First Republic Bank, headquartered in San Francisco, announced plans to layoff up to 25% of its staff.
1st Trader Joe's store unionizes in California
A Trader Joe's in Oakland has become the first of the chain's supermarkets in California to unionize.
SF launches "Vacant to Vibrant" program calling for ideas to turn office space into pop-up shops
When Simon Bertrang walks through downtown San Francisco, he doesn't just see empty storefronts, he sees properties, full of potential. Bertrang is executive director of SF New Deal, a non-profit chosen by the city to launch the program "Vacant to Vibrant".
US retail sales fall amid high inflation, rising rates
The decline in sales adds to other recent evidence that the economy is cooling as consumers grapple with higher interest rates and the impact of a year-long bout of elevated inflation.