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Economy

Photo of International Monetary Fund Managing Director Christine Lagarde

World Economy Forecast to Slow in 2019 Amid Trade Tensions

DAVOS, Switzerland — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. "After two years of sol...
Portrait of Federal Reserve Chairman Jerome Powell

Fed Raises Interest Rates. What Will It Do in 2019?

WASHINGTON — The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. The qua...

In Modesto, Uncle Shelby’s Old House Is Now a Rental

This is the fifth of six columns from Joe Mathews in a series about California housing, struggles, and dreams. (GV Wire Illustration/Alexis DeSha) Housing and the stability it promises can be hard to find in California. Take the family of Shelby Humphre...

What Happens if PG&E Goes Bankrupt?

Investigators are massing. Lawsuits are mounting. The death toll in Butte County's historic Camp Fire stands at 88, so far. by Judy Lin CALmatters State laws make power companies especially liabl...

No Pension Plan Where You Work? CalSavers to the Rescue.

For years, employees at many businesses didn't have pensions or 401(k) retirement plans. California's solution is CalSavers. "CalSavers will help facilitate the most ambitious expansion of our retirement savings system since the creation of Social Security ...
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