Economy

While the summer brought lower inflation rates, higher jobs rates and boosts of consumer spending, Bloomberg Economics is warning a recession is more likely than not happening soon. Citing the ongoing autoworkers strike, the return of…
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SAN JOSE — The Bay Area’s three largest downtown districts suffered sky-high levels of empty offices in the third quarter of 2023 even as tech companies slashed their workplace footprints, a new real estate report shows. Office vacancies…
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The era of unabated "revenge travel" may be coming to a close.New reports show that, after years of inflation and rising travel costs, travelers may finally be curtailing their travel plans.A new report by the research company Morning…
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Everyone involved in the strike should be calculating what’s at stake to figure out what sort of offers they’d be willing to accept or make—in other words, to resolve the whole dispute. “Absent calculating the pie, I would be negotiating…
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Canada has been successful in significantly reducing emissions, but the progress is being undercut by rising emissions in three sectors, a new report by the Canadian Climate Institute says. According to the report, climate policy and…
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FREMONT — A tech titan that has been trimming Bay Area jobs has spent hundreds of millions of dollars to buy several office buildings in the East Bay that the company has been leasing. Lam Research has spent $250 million to buy three…
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SAN JOSE — Roku has decided to slash its office footprint in San Jose as it seeks to sublease two big office buildings at its headquarters campus near the city’s airport, regulatory and real estate documents show. Internet company…
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Time is running out for U.S. lawmakers to pass legislation that can avoid a government shutdown at the end of the month — an event that could have broad implications for federal workers and the North American economy. Congress has…
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Yearning for a good night's sleep?Join the club.Globally, more people searched about sleep this year than ever before, according to data released by Google Trends last week. People are turning to the internet to learn about bedtime…
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MOUNTAIN VIEW — The owner of a prominent, empty office building in Mountain View has tumbled into default on their loan, fresh evidence that financial woes have widened for the Bay Area’s wobbly commercial real estate market. The office…
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