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News
High diesel prices hit Bay Area food bank – NBC Bay Area
2+ day, 7+ hour ago (161+ words) New data shows overall fuel costs are a big reason why inflation is still front and center across the American economy. Some gas stations in California are now charging nearly $10 for a gallon of diesel. Those prices have hit a…...
Interest rates might not go down yet. Here’s why – NBC Bay Area
1+ week, 2+ day ago (135+ words) Unemployment is low and the national job number is up. However, Bay Area tech companies, including PayPal and Uber, have been cutting jobs. Interest rates might not go down yet. Here's why Unemployment is low and the national job number…...
Fed Policy May Be Accommodative, San Francisco Fed Research Suggests
3+ week, 6+ day ago (259+ words) CU Today WASHINGTON--The Federal ReserveâÂÂs current interest-rate policy may actually be supporting economic growth rather than restraining it, according to new San Francisco Fed research that challenges the prevailing view among U.S central bank policymakers, Reuters…...
Mortgage rates just hit a nearly 12-month high and buyers may feel it
1+ mon, 3+ week ago (459+ words) The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets. The benchmark 30-year fixed rate mortgage…...
Replacing San Francisco's Comfort Salary with Dividends
1+ mon, 4+ week ago (373+ words) - Replacing San Francisco's ~$135,000 comfort salary with dividends requires anywhere from $1.35M at a 10% yield to $3.86M at a conservative 3.5% yield. - High-yield BDCs like ARCC offer 10% yields, but flat dividends erode purchasing power so that $135,000 today requires roughly $181,000 in nominal dollars within a…...
San Francisco’s Stripe Joins Wall Street Heavyweights in Open USD Stablecoin Play
2+ mon, 1+ week ago (269+ words) According to Bloomberg, the backers named in the coalition’s blog post include Bank of New York Mellon, BlackRock, Alphabet, Coinbase, Klarna and Chime. More than 100 companies have signed on, and partners aim to plug Open USD into existing card, treasury…...
UCSF Parnassus ER Exodus Grows While $809 Million Surplus Swells
2+ mon, 2+ week ago (405+ words) State data and staff accounts show rising walkouts and long waits at UCSF’s Parnassus ER, prompting union complaints and calls for immediate fixes....
30-Year Mortgage Rate Rises to 6.49% This Week
2+ mon, 2+ week ago (98+ words) House hunters in the Washington area are running headfirst into stubborn borrowing costs, as the average rate on a 30‑year fixed mortgage inched up to 6.49% this week. That mid‑6 percent range continues to translate into much steeper monthly payments than…...
DOJ Seizes Huione Cloud Account in Riptide Action
2+ mon, 2+ week ago (431+ words) Federal agents just reached into the cloud and pulled the plug on what they say was a core piece of infrastructure for a sprawling crypto scam ecosystem tied to Cambodia-based Huione Group. RT @FBICyberDiv: Today the FBI and DOJ announced…...
Cold storage company linked to LA warehouse inferno has Bay Area facilities
2+ mon, 2+ week ago (737+ words) Firefighters with the city of Anaheim along with other personnel battle the fire at a Lineage-operated cold storage warehouse in Los Angeles on June 22, 2026. “It’s interesting that these locations are only in particular communities, and we need to now take…...