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Economy

Stay informed with the latest updates on global and local economies, covering growth trends, market shifts, and policies that shape financial landscapes.

Los Angeles, CA – July 07: Jamilet Ramos holds her puppy Canelo as puppy Rocky waits in a shopping cart at the Community Animal Medicine Project low-cost

PetSmart’s only San Francisco store set to close as online shopping and same-day delivery reshape pet retail

  • July 9, 2026
  • 4:54 PM

San Francisco's only PetSmart location on Geary Blvd. is closing July 19, directing pet owners to the Daly City store and online delivery options.

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A shopper loads items into a vehicle at a Costco store in Vallejo, California, US, on Thursday, May 29, 2025. Costco Wholesale Corp. posted

Costco makes payment change that could speed up checkout for members

  • July 9, 2026
  • 1:24 AM

Costco has expanded its digital wallet feature, allowing members to link any Visa card to the Costco app for faster checkout at registers.

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Kevin warsh first press conference 1

Fed policymakers’ inflation worries weighed on rate cut outlook at Warsh’s first meeting

  • July 8, 2026
  • 9:15 PM

FOMC minutes reveal policymakers debated rate hikes amid scenarios where AI demand, the Middle East conflict or tariffs keep inflation elevated.

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SAN FRANCISCO, CALIFORNIA – MARCH 29: A general view of Golden Gate Bridge and residential areas by the Pacific Coastline in San Francisco, California

Some Bay Area homes are selling $1M above asking amid AI boom

  • July 8, 2026
  • 8:53 PM

New data shows 44 San Francisco homes sold over $1 million above asking price in June as the AI boom fuels fierce luxury market bidding wars.

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Honda flag

Honda recalling more than 325,000 vehicles over potential crash risk

  • July 8, 2026
  • 8:28 PM

Honda is recalling 325,588 Odyssey vehicles from model year 2018-2020 over issues with rearview image displays, increasing the risk of a crash.

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Data center

Oregon data centers face sharp electricity rate hike under new law

  • July 8, 2026
  • 6:37 PM

Oregon's PUC approved a 29% rate hike on data centers under the POWER Act, while residential customers will see bills drop by an average of 1.3%.

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U.S. Postal Service (USPS) letter carrier Sharon Herbert carries a mailbag while delivering mail in Washington, D.C., U.S., on Thursday, May 9, 2013. The

USPS to raise stamp prices: Here’s what mailing a letter will cost

  • July 8, 2026
  • 4:16 PM

USPS will increase the price of a Forever stamp on July 12 after federal regulators approved a new round of mailing service price increases.

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Home for sale seattle washington getty

Housing affordability to improve as home price growth cools, Realtor.com forecasts

  • July 8, 2026
  • 10:01 AM

Monthly mortgage payments are projected to decline 1.9% as home price growth slows below inflation, giving buyers more negotiating power in 2026.

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Feeding of hungry dog. Labrador retriever eating granule from metal bowl at home.

Popular pet food recalled over possible sharp metal and plastic contamination

  • July 8, 2026
  • 1:40 AM

Mars Petcare says two lots of Pedigree dog food were fraudulently diverted and sold after being sent for destruction over metal and plastic contamination.

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Car salesman dealership istock

Average new car payment reaches all-time high as affordability issues persist

  • July 7, 2026
  • 12:28 PM

Average new car payments hit a record $770 per month as auto loan debt nationwide surged to $1.685 trillion, surpassing student loan balances.

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