Money

The state's budget deficit is so large, it would purchase the latest, brand new 737 Max airplanes.

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.

A federal grand jury in Oakland has charged the former co-owner of a Richmond manufacturing company with wire fraud and money laundering in connection with a scheme to divert tens of thousands of dollars from the company to his personal bank accounts.   

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.

A critical meeting between President Biden and Congressional leaders ended Tuesday with no deal on the debt ceiling deadlock. 

A former revenue officer with the Internal Revenue Service, who also worked as a tax enforcement officer for the city of Oakland, has been charged in a $3 million scheme involving the Paycheck Protection Program (PPP), according to the U.S. Attorney’s Office Northern District of California.  

San Francisco leaders are working to change the city's zoning code.

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, 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.