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ABC News: Money

Despite defections, Facebook officially launches Libra 2019-10-14 18:23:23Facebook to move forward with its Libra digital currency project, despite several high-profile defections from the undertaking and pressure from U.S.

Warren escalates Facebook fight with ad targeting Zuckerberg 2019-10-14 18:10:28Big Tech is now a big punching bag for politicians of all stripes

Brexit talks face uphill struggle as deadline looms 2019-10-14 18:03:11Brexit divorce talks in Brussels are making such slow progress that three European Union nations predict the negotiations could spill beyond this week

Stocks close slightly lower after choppy day on 2019-10-14 17:51:55Stocks capped a wobbly day of trading on Wall Street with modest losses Monday, a shaky start to the week for the market after its first weekly gain i

Pope's bodyguard resigns over new financial leaks scandal 2019-10-14 17:50:34The Vatican's latest leaks scandal claimed its first victim Monday, as Pope Francis' chief bodyguard resigned over the leak of a Vatican police flye

Do California power shutoffs work? Hard to know, 2019-10-14 17:42:01Millions of Californians lost electricity last week in an unprecedented effort by utilities to prevent their equipment from starting another devastati

Ecuador crisis weakens president, strengthens indigenous 2019-10-14 17:38:14Analysts say Ecuador's president appears weakened after nearly two weeks of protests that forced him to reverse an austerity plan that he called nece

Wages, pensions, plant investments still issues in GM 2019-10-14 17:35:29As strike hits Day 29, GM and union still apart on products for U.S. factories, wages, and pensions

'Glory to Ukraine': Nationalist groups protest president 2019-10-14 17:12:02Far-right groups protest Ukrainian president's peace plan as he warns against violence

Protests erupt as Spain convicts leading Catalan separatists 2019-10-14 17:04:12Riot police engaged in a running battle with protesters outside Barcelona's airport Monday after Spain's Supreme Court convicted 12 separatist leade

How major US stock indexes fared Monday 2019-10-14 17:01:54Stocks closed with modest losses on Wall Street Monday, a shaky start to the week for the market after its first weekly gain in four weeks

Correction: Opioid Crisis-Purdue story 2019-10-14 17:00:58Correction: Opioid Crisis-Purdue story

Reuters: Business News

Former Thomas Cook boss defends record after firm's New! 2019-10-15 09:33:17The former chief executive of bankrupt travel firm Thomas Cook said on Tuesday he understood public anger over his pay but defended his record, saying

Wall Street headed higher on strong earnings start New! 2019-10-15 09:27:40Wall Street was set to open higher on Tuesday, as strong earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns

Banks reap $1 billion from U.S. mortgage bond New! 2019-10-15 09:26:37Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on l

Neil Woodford sacked as flagship Equity Income Fund New! 2019-10-15 09:20:56Neil Woodford has been ousted from his flagship LF Woodford Equity Income Fund which will be shut down to pay back investors whose money has been trap

How Amazon.com moved into the business of U.S. New! 2019-10-15 09:10:24Amazon.com Inc's cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections.

Intel buys software business from Canada's Pivot Technology New! 2019-10-15 09:04:28California chipmaker Intel Corp has agreed to purchase a software business from Toronto-based information technology firm Pivot Technology Solutions

BlackRock beats profit estimates as assets swell to New! 2019-10-15 09:01:17BlackRock Inc , the world's largest asset manager, exceeded analysts' estimates for quarterly profit on Tuesday, as investors poured money into its

Blackstone turns up heat on hotelier Unizo with New! 2019-10-15 08:52:45Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Unizo Holdings at 5,000 yen a share, doubling down on its $1

Oil prices steady on trade war jitters but New! 2019-10-15 08:52:40Oil prices steadied on Tuesday after two days of losses amid U.S.-China trade talks which have investors on edge, but OPEC said it hoped to balance ma

Consumer banking powers Citigroup's profit beat New! 2019-10-15 08:49:49Citigroup Inc reported higher profit and revenue on Tuesday, driven by growth in its global consumer business and lower expenses.

Wells Fargo profit slumps 26% on legal costs New! 2019-10-15 08:47:53Wells Fargo & Co reported a 26% slump in quarterly profit on Tuesday, as mortgage income sank and it braced for additional legal expenses tied to

Stocks struggle higher on Brexit hopes as trade New! 2019-10-15 08:42:57Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade

L.A. Times - Business

Nile Niami's latest creation aims for $65 million 2019-10-14 17:23:38In Bel-Air, a 30,000-square-foot mega-mansion from architect Paul McLean and developer Nile Niami is asking a whopping $65 million.

Column: Medicaid work requirements cost millions, achieve nothing 2019-10-14 16:40:03The latest bad news for Medicaid work requirement: They are a failure in policy terms (unless the policy goal is to throw people off Medicaid).

Basketball legend Michael Jordan lists modern Utah retreat 2019-10-14 15:51:18NBA icon Michael Jordan is asking $7.5 million for his scenic retreat on four acres in Park City, Utah.

Paul Allen's Silicon Valley mansion hits the market 2019-10-14 14:49:59The Atherton, Calif., mansion of Microsoft co-founder Paul Allen is for sale at about $41.5 million. Allen died a year ago at age 65.

Elijah Wood lists pair of Venice bungalows for 2019-10-14 13:35:26"Lord of the Rings" star Elijah Wood has listed a two-house compound in Venice for sale at about $2 million.

Reebok founder Paul Fireman asks $38 million for 2019-10-14 13:33:32Reebok founder Paul Fireman is asking $38 million for his 27,000-square-foot mansion on seven acres outside Boston.

R&B singer Ne-Yo is ready to release his 2019-10-14 13:30:44The East Coast vibe two-story came on the market at $1,999,999.

Riot Games tells broadcasters to keep political issues 2019-10-14 11:39:38The move by the Chinese-owned company comes days after Blizzard punished a gamer for supporting pro-democracy protests in Hong Kong.

Buyer plunks down $8.5 million for composer-pianist Stephan 2019-10-14 11:30:43The chic contemporary owned by composer-pianist Stephan Moccio sits on more than an acre of landscaped grounds.

Van Nuys home where actress Rose Marie entertained 2019-10-14 09:00:05The late "The Dick Van Dyke Show" co-star lived in the ranch house for nearly seven decades.

Massive opioid case may end with huge settlement. 2019-10-14 08:00:28A settlement in the opioid trial known as MDL 2804 would be the most complex in U.S. history, with a price tag exceeding $100 billion. Where would t

Lithium will fuel the clean energy boom. This 2019-10-14 08:00:26A geothermal power company says it can make California's Salton Sea the first major source of U.S. lithium production.


US weekly jobless claims unexpectedly fall 2019-10-10 08:31:00The number of Americans filing applications for unemployment benefits unexpectedly fell last week.

US consumer prices were unchanged in September, the 2019-10-10 08:30:00U.S. consumer prices were unchanged in September and underlying inflation retreated.

Market may be expecting more rate cuts than 2019-10-09 14:00:00The Fed's meeting minutes also showed that the trade war dragging down the economy was an overriding concern.

Former Trump campaign advisor Stephen Moore: 'We knew 2019-10-09 12:55:00Former Trump campaign advisor Stephen Moore says President Donald Trump knew he couldn't achieve the 5% growth he promised while campaining.

Weekly mortgage refinances jump 10% as rates drop 2019-10-09 07:02:00An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments.

Powell says the Fed will start expanding its 2019-10-08 14:30:00On monetary policy more broadly, Powell stuck to his recent script, saying the Fed stands committed to supporting the recovery.

The father of the yield curve indicator says 2019-10-08 10:43:00Campbell Harvey has led work in research on inverted curves, which have presaged seven straight recessions.

US producer prices post the biggest decline in 2019-10-08 08:30:00U.S. producer prices unexpectedly fell in September, weighed down by decreases in the costs of goods and services.

There's a theory that stingy millennials are to 2019-10-06 12:47:00Following the financial crisis, millennials are saving more than the Baby Boomers did before them, and this slowdown in spending is hurting the econom

Here's where the jobs are — in one 2019-10-04 09:12:00CNBC studied the net change in employment by industry for September based on data from the Labor Department.

Trade gap widens more than expected to $54.9 2019-10-04 08:32:00The U.S. trade deficit widened more than expected thanks in part to a record level of imports of consumer goods. More tariffs loom.

September unemployment rate falls to 3.5%, a 50-year 2019-10-04 08:30:00The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969.

NYT > Economy

U.S. and China May Be Headed for Mini-Deal 2019-10-10 14:15:18A U.S. Chamber of Commerce official said a limited deal that would prevent President Trump’s planned tariff increase this month and set rules ar

Hershey’s C.E.O. Knows How to Get Americans to 2019-10-10 05:00:14Michele Buck started her career selling Funyuns, Munchos and Cheetos. Then she invented a new holiday for Cool Whip. Today, she runs one of the world&

The Radical Guidebook Embraced by Google Workers and 2019-10-10 03:00:08A book based on ideas associated with a labor group from the early 20th century has provided a blueprint for organizing without a formal union.

Tech Giants Shift Profits to Avoid Taxes. There’s 2019-10-09 17:17:39Countries have clashed in recent years over how — and where — to tax companies that operate across borders, particularly those that sell o

Fed Officials Voice Concern About Slowdown’s Effect on 2019-10-09 16:01:09Minutes of the central bank’s September meeting show growing worries about the trade war and global growth.

Silicon Valley Is Trying Out a New Mantra: 2019-10-09 09:44:22Start-up investors are warning of a reckoning after the stumbles of some high-profile “unicorns.” Now turning a profit is in.

Fed Chair Powell Signals Balance Sheet Will Grow 2019-10-08 18:02:56The central bank’s vast security holdings, which it had been shrinking until August, will soon expand again.

G.M. Strike’s Economic Toll Is Showing: ‘I Might 2019-10-08 15:48:15Much of the pain from the strike, now in its fourth week, is concentrated in the northern Midwest, which was already contending with a manufacturing s

How Boeing vs. Airbus Became Trump vs. Europe 2019-10-06 14:48:03Boeing won a long-running trade dispute with Airbus, but it came with complications for a company still dealing with the fallout from two deadly accid

Trump’s Call to China to Investigate Biden Could 2019-10-04 19:06:16The U.S. and China are trying to reach agreement, but President Trump’s request is likely to increase scrutiny of any trade pact.

Hiring Slowed in September as Unemployment Rate Fell 2019-10-04 18:03:19Job growth was steady last month. The economy lost some momentum, though, as the trade war hurt manufacturing and global growth cooled.

Jobs Numbers for the Optimists, the Pessimists, and 2019-10-04 16:08:20Parts of the American economy are in trouble, but the unemployment rate (3.5 percent) is at a five-decade low.

Home Page

World Bank says slowdown in India is severe, 2019-10-13 09:25:50Growth is expected to gradually recover to 6.9% in 2020-21 and to 7.2% in the following year, it said

India to invest $60 bn in developing gas 2019-10-13 08:26:58The government is giving special impetus to develop gas infrastructure across the length and breadth of the country connecting north to south and east

Modi dares opposition to declare they'll bring back 2019-10-13 07:32:35He accused the opposition parties of politicising the issue of Article 370 and charged them with "speaking on the same lines as that of the neighbour

Ayodhya case to enter crucial final leg as 2019-10-13 06:38:52A five-judge Constitution bench headed by Chief Justice of India Ranjan Gogoi revised the deadline for wrapping up the proceedings and has fixed it on

Fuel payment issues with oil PSUs will be 2019-10-13 06:36:34The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to r

Ravi Shankar Prasad withdraws comment linking economy to 2019-10-13 06:24:22He alleged that some people were misleading people over the unemployment scenario

Anyone attempting to split China will end in 2019-10-13 06:15:28"And any external forces backing such attempts dividing China will be deemed by the Chinese people as pipe-dreaming!" he was quoted as saying

Giriraj Singh objects to imported milk, asks govt 2019-10-13 06:09:07"We will not accept the milk produced by cattle that are given animal protein. Our condition is milk imported should have not any animal feed," said

'Triple whammy': India's property slump exposes banks to 2019-10-13 05:44:21Slump in property market is leaving builders struggling to repay loans to shadow lenders - housing finance firms outside the regular banking sector th

Consumer discounts unsustainable, will go down post October: 2019-10-13 03:36:15The company also expects current month to be better in terms of sales as compared with the same period last year.

FPIs pull out over Rs 6,200 cr in 2019-10-13 03:22:39Overseas investors were net buyers in the preceding month and had infused a net sum of Rs 6,557.8 crore in the domestic capital markets (both equities

FM to meet PSB CEOs tomorrow, may review 2019-10-13 03:18:47This will be the second meeting of Sitharaman with CEOs of PSU banks in less than a month

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