• Follow us

Economy

ABC News: Money

Dutch hospital airlifts patients to Germany amid virus New! 2020-10-23 09:08:31A bright yellow helicopter has flown a COVID-19 patient from the Netherlands to a German intensive care unit

Spain PM appeals for public unity, sacrifice in New! 2020-10-23 08:41:18Spanish Prime Minster Pedro Sánchez is appealing for Spaniards to pull together and defeat the new coronavirus, warning: “The situation i

AP Explains: Why are UK and EU still New! 2020-10-23 08:00:37More than four years after Britain voted to leave the European Union, the two sides are still arguing over their post-Brexit relations

Keeping your credit profile healthy during a pandemic New! 2020-10-23 07:47:44Consumers, by and large, improved their credit profile during the pandemic

Huawei sales up, but growth slows under virus, New! 2020-10-23 07:38:29Chinese tech giant Huawei says its revenue rose 9.9% in the first nine months of this year, but growth slowed due to U.S. sanctions and the coronaviru

World shares, US futures gain after last Trump-Biden New! 2020-10-23 07:34:04World shares and U.S. futures have advanced after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second

Japan, Britain sign free trade deal for post-Brexit New! 2020-10-23 07:20:48Japan and Britain have signed a free trade deal, the first such major post-Brexit agreement

Automaker Daimler rebounds after lockdowns, raises outlook New! 2020-10-23 06:27:18Daimler has seen third-quarter profit rebound as the company clamped down on costs and as auto sales surged following the coronavirus lockdowns

Earnings scheduled for the week of 10/26/2020 New! 2020-10-23 06:01:01Major companies tentatively scheduled to post quarterly earnings next week

Trial of Russian in alleged bitcoin fraud to New! 2020-10-23 05:12:03A court in Paris is wrapping up a trial against Alexander Vinnik, who is accused of using software attacks in a 135 million-euro ($160 million) fraud

China hopes for change if Biden wins, but New! 2020-10-23 04:08:53Chinese leaders hope Washington will tone down conflicts over trade, technology and security if Joe Biden wins the Nov. 3 presidential election

Asian shares, US futures gain after last Trump-Biden New! 2020-10-23 01:50:18U.S. futures and Asian shares are mostly higher after President Donald Trump and his challenger former Vice President Joe Biden faced off in their sec

L.A. Times - Business

California says 350,000 debit cards for unemployment benefits 2020-10-22 19:01:41Faced with a deluge of fraudulent unemployment claims, California officials said Thursday that 350,000 of the debit cards they issued containing benef

Gene Simmons seeks $22 million for Beverly Hills 2020-10-22 16:04:26KISS rocker Gene Simmons has hung a $22-million price tag on his Beverly Hills estate of 34 years.

Wayne Gretzky eyes $22.9 million for Thousand Oaks 2020-10-22 09:00:57In Thousand Oaks, NHL legend Wayne Gretzky is asking $22.9 million for his scenic Colonial-style mansion on nearly seven acres.

The accuracy of death certificates has never been 2020-10-22 08:00:51Deaths from viruses, bacteria and other infectious disease have long been overlooked on death certificates.

Facebook touts free speech. In Vietnam, it's aiding 2020-10-22 08:00:19To protect its business in an important market, Facebook increasingly removes content that Vietnam's authoritarian government doesn't like.

Tesla scores a profit for the fifth straight 2020-10-21 17:24:41Tesla extended its streak of profitable quarters to five, but those profits still depend on emission credit sales, which will lose value as more autom

High-profile streamer Quibi is shutting down after subscriber 2020-10-21 17:15:32The streaming service launched by Jeffrey Katzenberg and Meg Whitman failed to gain traction following its launch in April.

Column: GOP's brilliant healthcare idea is to throw 2020-10-21 17:04:17GOP states are spending more to cover fewer residents on Medicaid, thanks to ideological stupidity.

Vanessa Bryant lists Irvine investment home she owned 2020-10-21 16:11:10Vanessa Bryant, wife of late Lakers legend Kobe Bryant, is seeking $1.995 million for an investment home she owns in Irvine.

Longtime home of late 'Boyz n the Hood' 2020-10-21 11:00:34The home of the late director of "Boyz n the Hood" and "2 Fast 2 Furious" is on the market for $1.8 million.

Will the pandemic hurt the candy-industrial complex? 2020-10-21 10:00:40Halloween has always been the "Super Bowl, Olympics and World Cup wrapped into one" for the candy industry. Will the COVID-19 pandemic change that?

Golfer Fred Couples gets a buyer to swing 2020-10-21 09:00:54Hall of Fame golfer Fred Couples has sold his Newport Beach home in a golf course community for $3.25 million.

Economy

September existing home sales jump 9.4%, but 'prices 2020-10-22 18:57:12The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September.

Weekly jobless claims drop to nearly their lowest 2020-10-22 14:54:11New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic.

Unemployment claims are down. It’s not all for 2020-10-22 13:54:25About 1 million fewer workers were collecting state unemployment benefits the week of Oct. 10 relative to the week prior, the Labor Department said Th

Economic recovery could slow in Q4 after 'steroid 2020-10-21 23:45:42JPMorgan Asset Management's David Kelly told CNBC the U.S. will get a stimulus package after the November presidential elections are over.

A Fed official who could be Biden's Treasury 2020-10-21 13:08:02The central bank official cited several areas of concern, including slowing gains in the jobs market from the 21 million positions lost in the early d

Mortgage demand from homebuyers falls for the fourth 2020-10-21 09:42:31Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month.

The GDP report next week will likely show 2020-10-21 06:23:59Next week, the U.S. will get economic news like it has never seen before, reflecting growth that had seemed impossible, as it is likely that GDP will

A 'blue wave' in U.S. elections could bring 2020-10-21 01:33:01The first rate hike by the Federal Reserve could be brought forward from around 2024-2025 to 2023-2024, said Jim Caron, a fixed income portfolio manag

Homebuilder sentiment sets another record high in October 2020-10-19 10:00:01The nation's homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever.

Jobless claims were worse than expected amid slowdown 2020-10-08 21:57:16First-time claims for unemployment benefits totaled 840,000 last week, higher than the 825,000 Wall Street estimate.

Years of low interest rates made the current 2020-10-08 13:40:11The central bank official said he expects defaults and bankruptcies to hit that will make the unemployment problem worse.

Consumers' 'savings buffer' accumulated during pandemic could help 2020-10-08 07:41:57Morgan Stanley estimates that U.S. households have saved an extra $1.1 trillion as of August, compared to pre-pandemic levels.

NYT > Economy

James A. Johnson, Democratic Power Broker, Dies at 2020-10-21 21:38:37Once called “the chairman of the universe,” he led Fannie Mae, the Kennedy Center and the Brookings Institution. He also aided in several

Big Tech’s Professional Opponents Strike at Google 2020-10-21 21:10:48An unlikely collection of lawyers, activists, economists and academics is fueling the tech backlash, armed with funding from billionaire sponsors.

Amtrak Warns of Layoffs and Project Delays Without 2020-10-21 16:49:23The chief executive urged senators to pass legislation that includes more than $2 billion in emergency funding for the rail agency.

The Fed’s $4 Trillion Lifeline Never Materialized. Here’s 2020-10-21 05:00:20The Federal Reserve was meant to take $454 billion and drastically expand it. So far, it has lent $20 billion.

When Start-Ups Go Into the Garage (or Sometimes 2020-10-20 11:29:01Labs closed in the pandemic, but innovation doesn’t stop. So while some workers have the home office, engineers have the garage.

U.S. to Sign Limited Trade Deal With Brazil 2020-10-19 23:28:31The new pact is expected to ease trade barriers, strengthen regulation and crack down on corruption.

How Failures of the Obama-Era Stimulus Could Guide 2020-10-19 16:57:46One crucial lesson: aim big, because there may be only one chance, and an overheating economy is easier to fix than a halting recovery.

A Korean Store Owner. A Black Employee. A 2020-10-17 21:26:41At a Chicago beauty supply shop, one American dream has come true. Another is still waiting for its chance.

As Coronavirus Spread, Reports of Trump Administration’s Private 2020-10-17 10:46:45A hedge fund consultant’s summary of private presentations by White House economic advisers fanned investor worries.

Unemployed Workers Built Up Some Savings. Then the 2020-10-16 11:36:48Anonymized bank data shows what happened next, as balances shrank and hopes dimmed for action from Washington.

Republicans Clash on Stimulus Package as Trump Says 2020-10-15 18:25:39The president said he wanted a much larger package than the $1.8 trillion measure under discussion. The top Senate Republican said his party could not

Unemployment Claims Rise Anew in Latest Sign of 2020-10-15 17:27:57Hopes for a rebound of the American economy have been clouded by layoffs, a surge in virus cases and a lack of fresh federal aid.