Market Strategist Warns 'Pain Felt On Main Street Quite Distinct From What's Reflected In Stock Market'In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
Wildfires, Smoke During Pandemic Intensify Economic Pain In California, West CoastWildfires are destroying property, running up huge losses for property insurers and putting a strain on economic activity along the West Coast that could linger for a year or more.
Gov. Newsom Outlines California's New Simplified, 4-Tier COVID-19 Reopening GuidelinesGov. Gavin Newsom on Friday provided details on California's new simplified, four-tier, COVID-19 guidelines for counties to reopen specific business sectors based on what health officials have learned about the pandemic in recent months.
People Line Up In Record Numbers At Alameda Co. Food Bank In COVID-19 EconomyThe pandemic has pushed food insecurity to levels not see in decades and people are relying on food banks more than ever here in the Bay Area.
San Francisco Chinatown Business Woes Deepen as Pandemic PersistsWith the drop in tourism and anti-China rhetoric from national politicians, San Francisco’s Chinatown has been one of the areas especially hard-hit in the pandemic.
California Unemployment Claims Surge To Highest Level In 3 Months As Pandemic Pounds EconomyCalifornia unemployment claims have climbed to their highest levels in nearly three months as surging coronavirus cases halt plans to reopen the economy, and an extra $600 in weekly federal unemployment benefits is set to expire at the end of the week.
SF Mayor Rolls Back Reopening as Coronavirus Cases SpikeSan Francisco mayor London Breed told residents there is little time left to get COVID-19 cases under control before we could see another large outbreak.
California Job Growth Teetering On COVID-19 Numbers, Federal StimulusCalifornia experienced strong job growth in June, adding more than a half million jobs to the state's economy as the state began to reopen businesses shut down to stem the spread of COVID-19. Still, business leaders worry the gains could be jeopardized by rising numbers of coronavirus cases.
Stocks Surge To Highest Levels Since Shutdown As U.S. Death Toll Nears 100,000Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation’s official death toll from the coronavirus closed in on 100,000.
Economic Situation Remains Dire As Some Contra Costa Shops ReopenAs Contra Costa County entered Phase II Tuesday, easing restrictions and allowing many retail businesses to open for curbside pickup, a number of shops decided to stay shut down.
After COVID-19 Shutdown Bay Area's Cautious Reopening Could Be Costly For BusinessesAs businesses slowly begin to reopen, officials are asking two major questions: how can we afford to open up when the virus is still just as dangerous and how can we afford not to?
Speaker Pelosi On $3 Trillion COVID-19 Relief Package: 'American People Are Worth It'House Speaker Nancy Pelosi on Wednesday defended the stunning $3 trillion price tag on Democrats’ pandemic relief package as what is needed to confront the “villainous virus” and economic collapse.
Tech, Health Care Stocks 'Resilient' Amid Widespread Losses During COVID-19 PandemicEven with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They’re up 4.1% for 2020.
Bay Area Economists Weigh In On Whether U.S. Is Headed For Depression From COVID-19With new unemployment figures showing 20 million American jobs lost in the month of April alone, KPIX 5 asked two Bay Area experts to explain where the U.S. could be headed at this historic economic moment in time.
What Companies Benefit From Coronavirus?Amazon and Netflix continue to do well as coronavirus isolates people in their homes, but many other companies have benefited or may soon.