America's booming job market defies economic gravity
While many parts of the economy are experiencing varying levels of distress, the job market continues to show remarkable strength.
US employers add a solid 372,000 jobs in sign of resilience
America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates.
Gas prices take slight dip due to fear of a global recession
On Tuesday, the price of crude oil dropped 9%, the largest drop since March. Trading for natural gas, gasoline and heating oil have also recently declined.
San Francisco's tourism upswing creates economic optimism
July 4th has come and gone, but many of the visitors to San Francisco are still here. The tourism industry is saying while tourism isn't back to pre-pandemic levels it is on the upswing.
Electric vehicle battery myths v. facts: The debate over ‘green’
As demand for electric vehicles grows, innovation follows and companies are looking at more environmentally friendly options when it comes to the controversial manufacturing of EV batteries.
800 city jobs open in San Jose as public sector faces hiring woes
The nationwide labor shortage is not just impacting the private sector. Local governments are also having trouble finding workers and face a changing labor landscape.
Federal Reserve Chair Jerome Powell says rate hikes to be decided 'meeting by meeting'
Concerns are growing among some that the Federal Reserve may tighten credit so much that it may cause a potential recession.
Warriors' parade a much needed boost for BART and downtown San Francisco businesses
The Warriors' parade provided an economic boost to BART and for San Francisco's downtown area that has pretty much been a ghost-town since the beginning of the pandemic.
American Airlines ending service in three cities due to pilot shortage
American Airlines is ending service in three cities this fall in response to the industry-wide pilot shortage.
Flight delays and cancellations continue to plague passengers, as travel demand increases
The nation's airlines have yet to resolve the issue they can control, resulting in another holiday weekend full of delays, cancellations and plain old passenger angst. Though they received $54 billion to stay afloat and keep their employees, airlines just can't keep up.
Gas prices soar around the world amid Russia-Ukraine war, rebound from COVID-19
Energy prices are a key driver of inflation that is rising worldwide and making the cost of living more expensive.
US Treasury Secretary Janet Yellen says recession is not inevitable
She also discussed Sunday an openness to lowering the federal gas tax to give drivers some relief at the pump.
Hot sauce, tampon shortages lead growing list of out-of-stock items
Consumers, already being pummeled by surging prices, now have to worry about product shortages.
100 million Americans carry medical debt with some owing more than $10K, poll finds
Some people say they have medical debt they owe to a relative or friend for a loan they received to pay a medical or dental bill.
Seniors take jobs as lifeguards as YMCA struggles to find workers
During the summer, it's typical to see a teen or college student working a summer job as a lifeguard, sitting in a tall chair at your pool or beach. However, as the YMCA struggles to find workers, retired seniors are showing up to fill shifts.
Average US mortgage rates hit 5.78%, highest level since 2008
Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve raising its key rate in a bid to tame inflation.
Fed raises key interest rate in largest hike since 1994
The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades.
Americans feeling the stress from inflation
Ask pretty much anyone how they feel about rising gas and food prices, and they won’t have nice things to say. Fox 9 asked a local financial expert and a local psychologist their best tips to relieve the current financial stress and make their dollars stretch further.
What makes a bear market? Wall Street term explained
Wall Street is back in the claws of a bear market amid worries about inflation and higher interest rates. Here are answers to some common questions about bear markets.
Supply chain still plagues Napa cork company and other industries
Napa's Portocork is one of the world's largest suppliers of corks for the North American wine industry; importing many cork filled containers from Portugal to The Port of Oakland. But supply chain issues continue to plague this and all other industries.