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ABC News: Money

A glance at US mortgage rates: 30-year at 2019-09-19 11:23:24A glance at US mortgage rates: average rates climbed this week but still down from a year ago

Average 30-year mortgage rate rose to 3.73% 2019-09-19 11:20:29US long-term mortgage rates shot up this week, yet they stayed close to historic lows

President Trump says Fed Chair Powell's job is 2019-09-19 11:20:18Despite all his attacks on the Federal Reserve, President Trump says Fed Chairman Powell's job is safe

Weak manufacturing threatens consumer-fueled growth 2019-09-19 11:15:25Manufacturers are facing stunted growth amid the damaging trade war between the U.S. and China, and that has some on Wall Street worried that it will

Airbnb says it will go public in 2020 2019-09-19 11:12:56Home-sharing site Airbnb says it will go public in 2020

Mortgage rates boosted US home sales 1.3% in 2019-09-19 11:05:12US home sales rose 1.3% in August to the highest level in 17 months

Walmart CEO McMillon named Business Roundtable chairman 2019-09-19 10:34:16The Business Roundtable selects Walmart CEO Doug McMillon as its new chairman

US stocks edge higher, extending gains from a 2019-09-19 10:29:56Stocks edged higher on Wall Street in early trading Thursday, extending the market's modest gains from a day earlier

US home sales rose 1.3% in August to 2019-09-19 10:00:25US home sales rose 1.3% in August to highest level in 17 months

Markets Right Now: Stocks rise led by tech, 2019-09-19 09:41:56Stocks are opening with modest gains on Wall Street Thursday, led by technology and energy shares.

Bank of England holds rates as it awaits 2019-09-19 08:44:13The Bank of England has kept its main interest rate unchanged at 0.75% as rate-setters await developments on the Brexit front

World shares mixed following Fed's decision to cut 2019-09-19 08:20:22Shares are higher in Europe after a mixed session in Asia following the Federal Reserve's decision to cut its benchmark interest rate

Reuters: Business News

SoftBank mulls bringing 40 companies to Brazil 2019-09-21 16:00:34Japan's SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investme

Thomas Cook in talks with UK government and 2019-09-21 14:12:29Britain's Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse that

Huawei to join forces with China Mobile to 2019-09-21 10:25:20Chinese telecoms equipment maker Huawei Technologies Co is joining forces with China Mobile to potentially enter a dispute to buy struggling Brazilia

M&S suffers fresh blow as finance chief quits 2019-09-21 08:12:26Marks & Spencer Group Plc said on Saturday its chief financial officer, Humphrey Singer, was stepping down after little more than a year, a furt

Hopes for trade breakthrough fade as China cancels 2019-09-21 05:18:26A U.S.-China trade deal appeared elusive on Friday after Chinese officials unexpectedly canceled a visit to farms in Montana and Nebraska as deputy tr

U.S. trade regulators approve some Apple tariff exemptions 2019-09-20 21:42:59U.S. trade regulators on Friday approved 10 out of 15 requests for tariff exemptions filed by Apple Inc amid a broader reprieve on levies on computer

Warren, Sanders to visit striking GM workers as 2019-09-20 21:17:11Two major Democratic presidential candidates plan to visit striking General Motors workers in Detroit in the coming days as a five-day-old labor disp

Facebook suspends tens of thousands of apps in 2019-09-20 21:08:17Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company's ongoing app develo

Fund managers gird for long trade war after 2019-09-20 21:01:55A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war

China, U.S. had 'constructive' trade talks in Washington: 2019-09-20 21:00:21China and the United States had "constructive" discussions on trade in Washington, state news agency Xinhua said on Saturday.

Wall Street drops after China cancels trip to 2019-09-20 20:18:31Wall Street dropped on Friday, and also finished the week lower, after a Chinese agriculture delegation canceled a planned visit to Montana, dampening

Delaware judge says Tesla board must face trial 2019-09-20 19:55:36A Delaware judge ruled on Friday that Tesla Inc's board of directors must defend at a trial Chief Executive Elon Musk's multibillion dollar pay pac

L.A. Times - Business

Hot Property: Kirsten Dunst sells her Toluca Lake 2019-09-21 09:00:56Kirsten Dunst has sold her Toluca Lake home to actress Annie Potts. Also: "Grey's Anatomy" star Kevin McKidd is selling his longtime Hollywood Hill

Hot Property Newsletter: How to get away with 2019-09-21 09:00:49Prolific TV producer-showrunner Shonda Rhimes is among those making a killing in luxury housing. Other far-flung deals include those by muscleman Lou

Hot Property | Kirsten Dunst sells her Toluca 2019-09-21 09:00:49Kirsten Dunst has sold her Toluca Lake home to actress Annie Potts. Also: "Grey's Anatomy" star Kevin McKidd is selling his longtime Hollywood Hill

Where 'Glee' star Heather Morris kicks off her 2019-09-21 08:30:23The actor and dancer has turned her bedroom into a calming space to escape stress and decompress — until her sons start jumping on the bed.

My Favorite Room | Where 'Glee' star Heather 2019-09-21 08:30:18The actor and dancer has turned her bedroom into a calming space to escape stress and decompress — until her sons start jumping on the bed.

Home of the Week | A clear-through view 2019-09-21 08:00:37In the Bird Streets, a sophisticated contemporary home features a curved roofline and panoramic views of downtown L.A.

Home of the Week: A clear-through view in 2019-09-21 08:00:25In the Bird Streets, a sophisticated contemporary home features a curved roofline and panoramic views of downtown L.A.

Jeff Bezos expanded Amazon's climate change pledge. His 2019-09-20 20:05:15Amazon workers have spent this year urging CEO Jeff Bezos take more urgent steps on climate change. They're a key reason Amazon's environmental foot

Trump sees no need for a preelection trade 2019-09-20 18:30:00President Trump said he did not need to secure a deal with China to end the trade war before the 2020 election, as a China delegation canceled a trip

Fed announces new effort to soothe money markets 2019-09-20 18:03:47The Federal Reserve stepped up its efforts to reduce volatility in short-term lending markets, announcing it will inject up to $90 billion in two-week

California job growth was healthy in August, but 2019-09-20 16:13:15California's labor force is shrinking, but the state continues to add jobs. Unemployment remains low at 4.1%

Tom Petty's scenic lake house sells for $4 2019-09-20 14:20:43On Lake Sherwood, the three-story home of late rock icon Tom Petty has sold for $4 million.

Economy

US existing home sales rise to 17-month high 2019-09-19 10:00:00A decline in mortgage rates throughout much of the summer has helped buyers.

The CEO of Pimco, which manages $1.8 trillion, 2019-09-19 09:56:00The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.

US weekly jobless claims rise less than expected 2019-09-19 08:30:00The data pointed to strong labor market conditions that should continue to support a moderately growing economy.

Powell: Low rates abroad a sign of weak 2019-09-18 15:29:00Federal Reserve chairman Jerome Powell holds a press conference after the Fed's decision to cut rates by 25 basis points.

Powell doesn't see the Fed ever using negative 2019-09-18 15:05:00Federal Reserve Chairman Jerome Powell said he does not see the Fed using negative interest rates in the future.

Powell says it's possible the Fed will have 2019-09-18 14:50:00Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.

Powell says a 'sequence' of rate cuts could 2019-09-18 14:41:00Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as ne

Trump says Powell and the Fed 'Fail Again' 2019-09-18 14:26:00The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower

Fed gets more divided, as three members vote 2019-09-18 14:18:00The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.

Fed forecasts no further rate cuts in 2019 2019-09-18 14:06:00The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.

Fed cuts rate on bank reserves amid repo 2019-09-18 14:02:00The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.

Here's what changed in the new Fed statement 2019-09-18 14:01:00This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.

NYT > Economy

A Rerun From the 1970s? This Economic Episode 2019-09-19 00:24:40Labor strife, pressure on the Fed, a sharp rise in oil prices, but without stagflation and other key elements.

Fed Cuts Interest Rates by Another Quarter Point 2019-09-18 20:06:32The Federal Reserve cut rates for the second time since July as risks to the economic outlook mounted. Its policy continued to anger President Trump.

A Preview of the Fed Meeting 2019-09-18 18:34:02There will be a lot of moving parts, but policymakers are unlikely to do enough to satisfy President Trump.

Trump and California See Same Homeless Problem, but 2019-09-18 17:38:14President Trump’s awful descriptions of California’s housing woes can’t be worse than those of the state’s most liberal politi

Trump Urges ‘Big’ Rate Cut as Fed Faces 2019-09-18 11:17:57From short-term political and trade war concerns to a long-term lack of “firefighting capability” if the economy dives, things are not poi

U.S. Outlines Plans to Scrutinize Chinese and Other 2019-09-18 00:34:46International deals involving technology and real estate could be blocked under proposed new rules that would add teeth to a law passed last year.

Fed Jumps Into Market to Push Down Rates, 2019-09-18 00:31:53The move underscores the limitations of the Fed’s new approach to setting interest rates.

How an Oil Price Surge Could Hurt the 2019-09-17 16:27:54The spike in oil prices after the drone attacks in Saudi Arabia won’t start a recession. But a sustained surge in energy prices might have a big

To G.M. Workers, U.A.W. Strike Is Chance for 2019-09-17 14:41:28Union members are pushing for what they see as a fair share of the company’s hefty returns, a decade after its bankruptcy, as negotiations conti

Oil Prices Spike After Attack on Saudi Facilities 2019-09-17 12:27:44Experts say a severe shock to energy markets and the world economy is unlikely. They expect oil and gas prices to rise modestly, if the damage is quic

After Saudi Attack, Oil Market Is on Edge: 2019-09-17 12:27:11Supply disruptions and the risk of future attacks is likely to prop up energy prices, benefiting the oil industry and hurting consumers.

What the G.M. Strike Looks Like 2019-09-17 00:28:44The assembly plant in Flint, Mich., has produced millions of vehicles and supported generations of workers. Now a strike has rendered it idle.

Home Page

No stressed MSME to be declared as NPA 2019-09-19 10:51:18State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September

No recession yet but little scope for fiscal 2019-09-19 10:18:56"Despite rising external risks, domestic economy is resilient as foreign debt is only 19.7 per cent of GDP," said the RBI governor

Tata Motors to launch new EV in 2020 2019-09-19 10:15:57Tata Motors said EVs built using the new powertrain technology will have a range of 250 kilometers on a single charge and the company will offer a war

IIT Bombay top Indian institute in QS Graduate 2019-09-19 09:38:47IIT Madras ranked 3rd globally in graduate employment rate metric

Ensure protection of user privacy, prevent abuse: IT 2019-09-19 09:20:12India has already forced foreign payment firms such as Mastercard Inc and Visa Inc to store data locally

Zee Entertainment tanks 8% as Chandra asked not 2019-09-19 08:25:46A Delhi High Court-appointed arbitrator has asked Essel Group chairman Subhash Chandra not to sell his unpledged stake in ZEE till next month in an on

GST Council meeting to take call on tax 2019-09-19 08:11:30There have been demands pouring in from various sectors - from biscuits to automobiles and FMCG to hotels - to reduce tax rates in the wake of economi

Reliance says Mukesh Ambani's shareholding has not increased 2019-09-19 08:09:24'The aggregate shareholding/voting rights of the Promote and Promote Group now stands at 309.8 crore shares - 48.87 per cent'

US-China trade war plunges global growth to lowest 2019-09-19 07:42:27The OECD said that the global economy risked entering a new, lasting low-growth phase if governments continued to dither over how to respond

PM Modi to visit US from Sep 21-27; 2019-09-19 07:21:26Trump would join him in addressing the mega 'Howdy Modi' rally, to be attended by the members of the Indian-American community

Govt notifies 8.65% interest rate for over 60 2019-09-19 07:13:45The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent int

Lim Chow Kiat, one of the world's top 2019-09-19 07:09:27Lim Chow Kiat, CEO of Singapore's GIC Pte, says markets are becoming increasingly dire and investors face an uncertain future.


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