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Recent "economy" Stories, Video and Galleries
Stocks fade, post first weekly loss in a month
Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month.
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Stocks edge lower as investors reassess Fed fears
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.
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Video: Retail Federation finds grad gifts will get small boost
The National Retail Federation just released their survey on graduation gift trends and grads may get a boost.
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Retail Federation finds grad gifts will get small boost
The National Retail Federation released their survey on graduation gift trends and grads may get a boost.
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michael finney
JC Penney secures bigger-than-expected $2.25B loan
J.C. Penney says it has secured a $2.25 billion loan, $500 million more than it had expected.
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Video: Santa Clara anticipates Super Bowl windfall
The City of Santa Clara is celebrating Tuesday's NFL announcement that Super Bowl L will be coming to the Bay Area.
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Oakland looks to give micro-loans to small businesses
The Oakland City Council is considering a partnership with Kiva, a micro-lending site to help small businesses get a start.
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Video: Oakland looks to give micro-loans to small businesses
The Oakland City Council is considering a partnership with Kiva, a micro-lending site to help small businesses get a start.
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Stock indexes close higher on hopes for Fed
Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve.
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Small company stocks take the limelight
Small companies are taking the limelight on a choppy start to the week.
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US gas prices up 11 cents over past 2 weeks
The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks.
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Video: California unemployment rate drops to 9 percent
According to the California EDD, the state's unemployment rate has fallen to 9 percent, which is the lowest level in 4 1/2 years.
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California unemployment rate drops to 9 percent
According to the California EDD, the state's unemployment rate has fallen to 9 percent, which is the lowest level in 4 1/2 years.
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Stocks rise on hopeful signs for the US economy
U.S. stock indexes rose for the fourth week in a row. The Dow Jones industrial average soared to 121 points to close at 15,354.
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A late fade on Wall Street; Wal-Mart, Disney slump
Weak sales from Wal-Mart and discouraging economic reports resulted in a down day on the stock market.
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Stocks keep climbing even as manufacturing softens
Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports.
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Indexes close higher, led by small-company stocks
The stock market is back in record territory after an upturn in small-company stocks.
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Stock market rally pauses on Monday
Stocks are closing little changed Monday as investors assess whether stock valuations are overstating the recent improvement in the economy.
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Bill proposes cracking down on 'Walmart loophole'
Lawmakers are working on a law that cracks down on companies cutting hours to avoid paying workers' health insurance.
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Video: Bill proposes cracking down on 'Walmart loophole'
Lawmakers are working on a law that cracks down on companies cutting hours to avoid paying workers' health insurance.
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Video: Website can help you make money, $5 at a time
Michael Finney found a cool website where you can make money by offering to do things for $5.
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Website can help you make money, $5 at a time
Michael Finney found a cool website where you can make money by offering to do things for $5.
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michael finney
Video: Tips on how to avoid deceptive mortgages
Refinancing your mortgage can save you thousands of dollars. But beware, deceptive mortgages can cost you.
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Tips on how to avoid deceptive mortgages
Refinancing your mortgage can save you thousands of dollars. But beware, deceptive mortgages can cost you.
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Encouraging news out in real estate market
7 On Your Side takes a look at what the latest bump up in real estate could mean for California and Bay Area homeowners.
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Bloomberg discloses CEO pay ratio
Bloomberg lists the pay of 250 CEOs and how much they make in comparison to their average employee.
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Sequester cuts take effect for unemployment benefits
Nearly 400,000 unemployed California workers will be affected by sequester cuts that will reduce benefits by 18 percent on Sunday.
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American Airlines CEO $20M severance denied
A federal bankruptcy judge has blocked a proposed $20 million severance payment for American Airlines CEO Tom Horton.
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Video: Fmr. Reagan budget director predicts next economic crisis
Ronald Regan's budget director David Stockman sat down with ABC7 News to explain his theory of the next possible economic crisis.
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Fmr. Reagan budget director predicts next economic crisis
Ronald Regan's budget director David Stockman sat down with ABC7 News to explain his theory of the next possible economic crisis.
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mark matthews
Summer school classes return to California community colleges
More summer school classes are being offered at California's community colleges.
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Alameda County official to retire with $400K yearly
Some taxpayers were stunned after learning just how much an Alameda County administrator will get every year when she retires.
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laura anthony
Video: Alameda County official to retire with $400K yearly
Some taxpayers were stunned after learning just how much an Alameda County administrator will get every year when she retires.
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America produces more oil than in 2 decades
America is pumping out more oil than it has in two decades. So why is the cost of gas still so high?
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michael finney
Petition asks Ellison to pay for America's Cup deficit
A former San Francisco supervisor wants Larry Ellison to make up a multimillion-dollar shortfall projected for the America's Cup.
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Video: Thousands of California teachers to be laid off
California taxpayers said yes to Proposition 30, for education but now, lay-off notices are going out to hundreds of teachers anyway.
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FBI: Layoffs take toll on California police departments
New numbers from the FBI show the toll that layoffs have taken on police departments across California.
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Video: Lottery to be held for new condos at Bay Meadows
Pre-qualified buyers will have a chance to snatch up condos at San Mateo's new Bay Meadows in a lottery this weekend.
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Video: SF Supervisor critical about cost of America's Cup
Supervisor John Avalos is concerned about the cost of the America's Cup event and doesn't want the city to get stuck with the tab.
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SF Supervisor critical about cost of America's Cup
Supervisor John Avalos is concerned about the cost of the America's Cup event and doesn't want the city to get stuck with the tab.
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Lottery to be held for new condos at Bay Meadows
Pre-qualified buyers will have a chance to snatch up condos at San Mateo's new Bay Meadows in a lottery this weekend.
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wayne freedman
GGNRA to feel impact of federal budget cuts
One of the Bay Area's main tourist attractions is starting to feel the impact of the federal budget cuts.
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crissy field
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Video: San Jose minimum wage workers get hefty raise
Minimum wage workers in San Jose got a big raise Monday from $8 to $10 an hour, the biggest minimum wage increase in the country.
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San Jose minimum wage workers get hefty raise
Minimum wage workers in San Jose got a big raise Monday from $8 to $10 an hour, the biggest minimum wage increase in the country.
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david louie
Survey: Average wedding bill in 2012 was $28K
A new survey finds couples are spending more money to get married compared to the start of the economic downturn.
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Video: San Jose's minimum wage hike takes effect today
The minimum wage in San Jose is increasing from $8 to $10 an hour today.
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Video: Local businesses feel impact of soaring stock market
The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession.
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Video: US economy hamstrung by Washington's brinksmanship
The impact of the sequester cuts seems minimal so far, but that hasn't alleviated concerns by some over what's to come.
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Video: Sequester impacts unemployment, school programs
The sequester could have wide-ranging effects on unemployment benefits and school programs in California.
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Video: Californians uneasy as sequester cuts loom
Barring a last-minute deal in Washington, $85 billion in automatic federal spending cuts will take effect by 9 p.m. Friday.
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