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ABC News: Money

FedEx severs ties with Amazon 2019-08-07 10:31:11FedEx cuts ties with Amazon as the online giant builds own delivery fleet

Stocks slide as rate cuts stoke fear of 2019-08-07 10:23:27U.S. stocks slide as central banks around the world cut rates and stoke fear that the U.S.-China trade war will damage global economic growth.

How to keep your razors from contributing to 2019-08-07 10:01:26How to keep your razors from contributing to landfill waste

Markets Right Now: Stocks, yields sink again on 2019-08-07 09:57:41Stocks are sinking on Wall Street again as fearful investors dumped stocks and shoveled money into bonds. The Dow Jones Industrial Average fell more t

Stocks sink again on Wall Street, pulling Dow 2019-08-07 09:49:33Stocks sink again on Wall Street, pulling Dow industrials down more than 500 points; Bonds soar as investors seek safety

European stocks push on as China stabilizes currency 2019-08-07 08:22:19Global stock markets continue to recover ground after China's decision to stabilize its currency eased some tensions around the trade war with the U.

Aetna deal begins to pay off for CVS 2019-08-07 08:01:19CVS swings to a profit in the second quarter and easily beat expectations thanks in part to Aetna deal

India's central bank cuts lending rate to 5.40% 2019-08-07 05:17:12India's central bank has cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy

New Zealand cuts benchmark interest rate to lowest-ever 2019-08-07 03:57:55New Zealand's central bank has cut its benchmark interest rate to an all-time low of 1% as it forecasts tougher economic conditions ahead

SoftBank's profit nearly quadruples on fund investments 2019-08-07 03:55:36Japanese technology company SoftBank Group Corp. has seen its fiscal first quarter profit nearly quadruple to $10.6 billion as its fund investments bo

Former Fed leaders defend Powell against Trump's attacks 2019-08-06 19:20:25In a strong rebuke to Trump, 4 former Fed leaders defend current Fed Chairman Jerome Powell

Walgreens to shut 200 US stores as part 2019-08-06 18:56:14Pharmacy chain Walgreens says it plans to close 200 stores in the United States as it seeks to cut costs

Reuters: Business News

Disney earnings miss forecasts as costs rise for 2019-08-06 19:57:52Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into st

Disney to bundle Disney+, Hulu, ESPN+ at popular 2019-08-06 19:54:46Walt Disney Co on Tuesday said it would offer a $13-per-month bundle of its three streaming services starting in November, a move to attract audience

New York retail icon Barneys files for bankruptcy 2019-08-06 19:52:44Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at

Walmart says Mexico same-store sales rise 2.2% in 2019-08-06 19:30:56Walmart de Mexico, Mexico's biggest retailer, said on Tuesday that sales at stores open for more than a year in Mexico rose by 2.2% in July compared

China to unveil special tax policy in Shanghai 2019-08-06 19:07:43China said on Tuesday it will implement a special tax policy in the newly expanded Shanghai Free Trade Zone, in a bid to promote free trade as Beijing

Explainer: U.S. branding of China as currency manipulator 2019-08-06 19:07:43Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that

Trump dismisses fears of long-lasting trade war; China 2019-08-06 19:07:43U.S. President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency

U.S. FDA says some data testing Novartis' $2 2019-08-06 18:47:30The U.S. Food and Drug Administration said on Tuesday that some data from early testing of Novartis' more than $2 million gene therapy Zolgensma was

Global stocks climb as currency war fears ease 2019-08-06 18:06:44World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China's central bank stepped in to stabilize the yuan, s

Wall Street climbs more than 1% after China 2019-08-06 18:05:55U.S. stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, eas

Factbox: Marvel, monsters and 'Mandalorian' coming to Disney+ 2019-08-06 17:41:38Walt Disney Co is set to launch its family-friendly streaming service, Disney+, later this year with a slate of new and classic TV shows and movies,

Walgreens to close about 200 stores in United 2019-08-06 17:39:33Walgreens Boots Alliance Inc said on Tuesday it plans to close about 200 U.S. stores and expects to record related pre-tax charges of between $1.9 bil

L.A. Times - Business

Bill Withers sells Hollywood Hills home with a 2019-08-07 10:21:53R&B singer-songwriter Bill Withers has sold a Hollywood Hills home with a recording studio for $2.835 million.

Sony Pictures TV co-president draws a crowd for 2019-08-07 09:52:24Jason Clodfelter, a co-president of Sony Pictures Television Studios, has sold a condominium in Hollywood for $795,000, or $46,000 over the asking pri

What Fed rate cut? Credit card interest rates 2019-08-07 09:00:09Consumers are paying higher interest rates on their credit card balances than they have in more than a quarter-century, and the Federal Reserve's rat

EBay bans assault rifle parts, but that doesn't 2019-08-07 08:00:32In recent weeks, amid deadly rampages in Gilroy, El Paso and Dayton, a shopper on eBay could buy a variety of products designed to make the types of w

'Avatar' home base Manhattan Beach Studios is sold 2019-08-07 08:00:02The 22-acre production facility is part of a transaction that moves Hackman Capital Partners into production services.

'Hunger Games' producer Nina Jacobson quickly sheds Brentwood 2019-08-06 16:59:22Film executive Nina Jacobson has unloaded her 1950s Midcentury home in Brentwood for $6.925 million.

Nina Jacobson's Midcentury Modern-style home in Brentwood 2019-08-06 16:57:46Built in 1950, the single-story home features clean lines, walnut built-ins, walls of glass and mosaic tile across 3,652 square feet.

Restored post-and-beam in Pasadena was architect's own home 2019-08-06 15:45:59In Pasadena, a Midcentury Modern home that architect Calvin B. Straub designed for himself is for sale at about $2.09 million.

Calvin B. Straub's personal residence 2019-08-06 15:39:01The post-and-beam home, designed by architect Calvin B. Straub for himself, was extensively renovated and restored by design firm HabHouse.

American Airlines secures naming rights for plaza at 2019-08-06 12:58:27The Los Angeles Stadium at Hollywood Park doesn't have a naming rights deal yet but its plaza, formerly known as Champions Plaza, will be unveiled as

Fashion gets woke — with a little help 2019-08-06 11:00:22Stoked by Gen Z's rising clout, the fashion industry is in the midst of a 'Great Awokening' — from emphasizing sustainability to kicking fur

Tom Barrack, a Trump ally with fingers in 2019-08-06 10:00:47A congressional report identified investor Tom Barrack as a key figure in a raft of initiatives that "virtually obliterated the lines normally separa


US services growth slows to weakest level since 2019-08-05 10:24:00The Institute for Supply Management (ISM) said its non-manufacturing activity index fell to 53.7 from 55.1 the month before.

Morgan Stanley: If the trade war escalates, a 2019-08-05 07:19:00Morgan Stanley explains why "we will enter recession in 3 quarters" if the trade war continues to escalate.

China reportedly halts US agricultural imports in retaliation 2019-08-05 07:06:00China has halted imports of U.S. agricultural products, escalating the trade war between the world's two largest economies.

US and China will not likely reach a 2019-08-05 02:48:00President Donald Trump's latest tariff threat is "a step away from a solution," said Frank Lavin, a former U.S. ambassador to Singapore.

Trump reportedly overruled advisors in decision to slap 2019-08-04 16:29:00Nearly everyone at an Oval Office meeting objected to Trump's decision to impose additional tariffs, according to The Wall Street Journal.

Jobs report shows labor market solid as economy 2019-08-02 11:02:00July's employment report shows the labor market remains solid, while business investment has turned more cautious due to tariffs and trade friction.

Fed's rate cutting helps provide cover for Trump 2019-08-02 10:46:00The president's move to intensify the trade dispute with China comes with an important backstop.

US consumer sentiment index hits 98.4 in July, 2019-08-02 10:01:00The University of Michigan's final print on its consumer sentiment index for July came in at 98.4, matching its mid-month reading. The consensus esti

Trade deficit remains stubbornly high amid escalating global 2019-08-02 08:31:00The U.S. deficit with its global trading partners edged lower in June but was bigger than expected.

Payrolls rise 164,000 as labor force sets a 2019-08-02 08:30:00Payroll growth rose in line with expectations in July and the unemployment rate remained at 3.7%.

Trump to make EU trade announcement on Friday, 2019-08-02 07:13:00U.S. President Donald Trump will make a trade announcement about the European Union later on Friday, according to a notice from the White House.

Jobs report should show solid but slower trend 2019-08-02 06:35:00The economy is expected to have added 165,000 jobs in July, a drop of about 60,000 from June and possibly the start of a more moderate hiring trend.

NYT > Economy

‘Ready to Rumble’: U.S.-China Fight Puts World Economy 2019-08-06 09:32:43A trade war spills into the realm of currency, with no end in sight.

China’s Currency Moves Escalate Trade War, Rattling Markets 2019-08-06 07:19:12The trade war intensified Monday, as Beijing allowed its currency to weaken and the Treasury Department labeled China a currency manipulator.

How Does China’s Currency Move Put Pressure on 2019-08-06 05:27:57A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the Uni

Fed Wants Workers to Get Pay Faster 2019-08-05 17:21:08The Federal Reserve will create a real-time payment system aimed at narrowing the gap between when pay is deposited and when it is available.

Bad Times in Tech? Not if You’re a 2019-08-05 14:43:13Meet the two Stanford dropouts, both 23, who run Brex, which provides charge cards to start-ups. Its growth is a sign of Silicon Valley’s unflag

As Mortgage-Interest Deduction Vanishes, Housing Market Offers a 2019-08-05 11:08:55President Trump’s tax cuts encouraged homeowners to stop deducting mortgage interest on their taxes, and there is no sign the change has brought

Russians Pull Out Credit Cards, and Consumer Debt 2019-08-05 00:01:12Russians with little experience with debt are relying on easy credit and payday lenders. Now the central bank is trying to cool the lending market.

The Week in Business: The China Trade War 2019-08-03 22:31:26Plus, where should police departments draw the line with facial recognition surveillance?

The Labor Market’s Weak Spot: Jobs Making Stuff 2019-08-03 00:08:59Signs that the trade war may be taking a toll, with more trouble ahead.

Job Growth Slows in July but Remains Solid 2019-08-03 00:00:08The figures suggest the economy is cooling but employers are still pulling in workers from the sidelines.

Pride Flags and Rate Cuts: Fed Loosens Up 2019-08-02 23:56:02As part of a broader evolution, and as it moves to stave off a possible slowdown, the Federal Reserve is focusing on transparency, inclusiveness and a

Spiraling Trade Tensions Threaten Economy as Trump Pressures 2019-08-02 21:55:43The S&P 500 recorded its worst week this year as investors were rattled by renewed trade tensions that threatened to undermine the global economy.

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J&K crisis: Pak suspends trade with India, to 2019-08-07 10:04:14The decision was taken at a crucial meeting of the National Security Committee chaired by Pak PM Imran Khan

Banks must transmit RBI rate cut to hike 2019-08-07 10:03:42The Reserve Bank of India's (RBI) Monetary Policy Committee on Wednesday cut the interest rate by 35 basis points -- the fourth successive reduction

Anand Mahindra pitches for lower GST or cess 2019-08-07 10:03:05As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal

Emerging Asian economies' reserves put to test as 2019-08-07 09:48:26Central banks in Thailand, India, Indonesia and South Korea boosted their reserves this year as global policy easing fueled foreign inflows and pushed

Govt set to ease rules for entry into 2019-08-07 09:15:34The new rules would allow convenience stores, shopping malls and hypermarkets to sell fuels if they are eligible, said an oil ministry source

As crisis deepens, auto industry seeks stimulus package 2019-08-07 08:31:10Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit

HCL Tech Q1 net falls 8% YoY to 2019-08-07 07:13:42Revenue for the quarter under review came in at Rs 16,425 crore, up 18.4 per cent YoY and 2.7 per cent on quarter-on-quarter (QoQ) basis.

Analysts see gold price hitting Rs 40,000 per 2019-08-07 07:04:56In Mumbai's physical market, standard gold (995 purity) was trading at Rs 36,850 on Wednesday, nearly Rs 1,000 lower than in the futures market

Why RBI slashed repo rate by 35 bps 2019-08-07 06:22:13Various high frequency indicators, the RBI said, suggested weakening of domestic and external demand conditions.

MARKET WRAP: Sensex dips 286 pts, Nifty ends 2019-08-07 06:16:54All that happened in markets today

M&M slips 4% to hit an over 5-year 2019-08-07 05:14:58Operational revenue during the quarter declined by 7 per cent to Rs 26,041 crore against Rs 28,062 crore in the corresponding quarter of the previous

M&M consolidated PAT falls 52.56% in June quarter 2019-08-07 05:13:20Its total income during the period stood at Rs 26,289.48 crore as compared with Rs 26,260.64 crore in the corresponding quarter a year ago

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