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'Awfully high' risks of a global recession in the next 12-18 months, Moody's chief economist says

"Even if we don't have a recession ... I think it's pretty clear that we're going to have a much weaker economy," says Mark Zandi.Read More

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ABC News: Money

Nation’s largest utility in long-term deals to sell New! 2019-11-14 18:49:54Tennessee Valley Authority officials say most of the local companies that receive power generated by the utility have signed long-term partnership agr

Amazon to protest $10B Pentagon contract won by New! 2019-11-14 18:42:15Amazon is protesting the Pentagon’s decision to award a huge cloud-computing contract to Microsoft, citing “unmistakable bias” in th

US panel backs wider use of fish oil New! 2019-11-14 18:17:58US health experts recommend wider use of prescription-strength fish oil to help prevent heart problems

Buffett’s firm adds stake in RH, trims Wells New! 2019-11-14 18:03:24Warren Buffett’s company has added new investments in luxury retailer RH and Occidental Petroleum while trimming its Wells Fargo holdings

NASA warned of safety risks in delayed private New! 2019-11-14 17:34:22NASA faces safety risks in flying its astronauts on SpaceX and Boeing capsules

How major US stock indexes fared Thursday New! 2019-11-14 17:05:45Wall Street capped a day of listless trading with the S&P 500 hitting a record high for the second day in a row after notching a slight gain in th

New Jersey seeks $640M from Uber for misclassifying New! 2019-11-14 17:03:57New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-hailing company misclassified its drivers as independen

Cisco and Navistar tumble while Tyson and Dillard’s New! 2019-11-14 16:59:39Cisco and Navistar tumble while Tyson and Dillard’s gain

S&P 500 ekes out record high after listless New! 2019-11-14 16:55:58A day of listless trading on Wall Street ended Thursday with another record high for the S&P 500’s second straight record high

Wall Street feuds with Warren, much to her New! 2019-11-14 16:21:10Elizabeth Warren’s feud with Wall Street escalates, with billionaires saying Warren “vilifies” successful people

Disney Plus adds disclaimer about racist movie stereotypes New! 2019-11-14 16:20:52Disney’s new streaming service adds disclaimer to "Dumbo," “Peter Pan” and other classics over racist stereotypes

Markets Right Now: S&P 500 ekes out a New! 2019-11-14 16:20:29The S&P 500 has eked out a new record on an otherwise uneventful day on Wall Street.

Reuters: Business News

Hong Kong to unveil depth of recession amid New! 2019-11-14 18:40:00Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse

S&P 500 notches record, shakes off Cisco's gloomy New! 2019-11-14 18:38:07The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Sy

Nvidia follows Intel to predict strong growth in New! 2019-11-14 18:36:28Nvidia Corp on Thursday joined rival Intel Corp to predict strong demand for chips used in data centers after its third-quarter revenue and profit b

Amazon challenges Pentagon's $10-billion cloud award to Microsoft New! 2019-11-14 18:33:52Amazon.com Inc on Thursday said it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp , expressing co

Court tosses Carl Icahn's suit seeking Occidental acquisition New! 2019-11-14 18:15:31Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oi

PayPal halts payment support to PornHub models New! 2019-11-14 18:14:17PayPal Holdings Inc said on Thursday it had stopped payment support to PornHub's models after it found the adult entertainment website made certain p

Icahn pushes for HP merger with Xerox: WSJ New! 2019-11-14 17:53:44Activist investor Carl Icahn has taken a stake in HP Inc and is pushing for the personal computer maker's merger with printer maker Xerox Corp, argui

WeWork bond drops, spread hits a record on New! 2019-11-14 17:50:43WeWork's junk bond price dropped and its risk premium shot to a record high on Thursday following a report that its main backer still hasn't deliver

Montana lawmakers seek more time for Keystone XL New! 2019-11-14 17:23:22Montana lawmakers representing Native American tribal members called on the state's congressional delegation and the U.S. State Department on Thursda

Google antitrust probe to expand into Android: CNBC New! 2019-11-14 17:09:05The several dozen attorneys general investigating advertising practices at Alphabet Inc's Google are planning to expand their antitrust probe into t

Visa discloses FTC probe on debit transactions New! 2019-11-14 16:59:35Visa Inc on Thursday said the Federal Trade Commision (FTC) has initiated an inquiry into whether the payments processor's actions prohibited mercha

Boeing brings back humans after automation problems on New! 2019-11-14 16:37:41Boeing Co has scaled back use of automation to make fuselage sections for its 777 jetliners amid reports of reliability issues and returned to having

L.A. Times - Business

Southern California Edison strikes $360-million settlement over wildfires 2019-11-13 18:00:17Southern California Edison settles with 23 public agencies for damage it allegedly caused in the Thomas and Woolsey fires, and Montecito mudslides.

Disney+ launch: An 'eye-popping' 10 million people have 2019-11-13 17:27:07More than 10 million people have signed up for Disney's new streaming service so far.

California sued again for requiring women on corporate 2019-11-13 16:25:47The Pacific Legal Foundation filed the suit in federal court, arguing the law violates the equal protection clause of the U.S. Constitution.

In Beverly Crest, actress Donna Scott relists famed 2019-11-13 15:19:59Bella Vista, a romantic compound previously owned by King Vidor, John Barrymore and Tony Scott, among others, is back for sale at $16.995 million.

Oprah buys Jeff Bridges' Montecito ranch for $6.85 2019-11-13 14:58:14In Montecito, actor-singer Jeff Bridges has sold his four-acre Spanish Revival-style ranch to Oprah for $6.85 million — the exact same price he

Joe Jonas goes big in Encino with $14.1-million 2019-11-13 14:43:22Joe Jonas of the Jonas Brothers has paid a record $14.1 million for a newly built home in Encino.

Eva Longoria on path to sell former Tom 2019-11-13 14:00:13The actress paid $11.4 million for the Hollywood Hills West compound that is now listed at $9.495 million.

Shane West cuts loose from 105-year-old Craftsman in 2019-11-13 13:32:15Actor Shane West has sold his 105-year-old Craftsman home in Hollywood for $1.72 million.

California pulls back clean-vehicle rebates to point them 2019-11-13 09:00:30Starting in December, those looking to buy electric vehicles with a price tag of more than $60,000 won't qualify for rebates — nor will plug-in

The Real ID deadline is really coming. Should 2019-11-13 07:00:41The TSA will require fliers to have a Real ID, passport or military ID, starting Oct. 1. But 99 million Americans don't have any of these and airline

Former HBO chief Richard Plepler negotiating deal with 2019-11-12 16:48:41Richard Plepler elevated HBO with "Game of Thrones," "Silicon Valley" and "Veep." Will Apple be next?

'Breaking Bad' star Aaron Paul trims price of 2019-11-12 14:39:32"El Camino" actor Aaron Paul is asking $2.198 million for his Spanish-style home above the Sunset Strip, about $300,000 under his original price.


October ISM non-manufacturing index tops estimates 2019-11-05 10:00:00

The trade deficit got smaller in September as 2019-11-05 08:30:00The U.S. international trade deficit was forecast to narrow to $52.20 billion in September from the $54.90 billion reported a month earlier, according

China presses Trump to remove more tariffs in 2019-11-04 22:00:00The fate of the Dec. 15 China tariffs is being considered as part of negotiations and a potential signing trip this month.

US GDP rose a better-than-expected 1.9% in the 2019-10-30 08:30:00The growth in GDP was slightly slower than in the second quarter as business investment declined.

Private payrolls increase by 125,000 in October, topping 2019-10-30 08:15:00Private payrolls grew at a faster-than-expected pace in October, but the solid growth was offset by a sharp downward revision for the previous month.

Weekly mortgage demand is flat as interest rates 2019-10-30 07:07:00Higher mortgage rates give homeowners little incentive to refinance their home loans

Third-quarter economic growth is expected to be a 2019-10-29 16:16:00Third quarter growth is expected to come in at a weakish 1.6%, with the biggest hits from slowing business investment.

The Fed is expected to cut rates, but 2019-10-29 15:01:00The Fed is widely expected to cut interest rates on Wednesday, but what it says about future moves could have a big impact on markets.

US consumer confidence dips in October, misses expectations 2019-10-29 10:00:00U.S. consumer confidence dipped slightly in October as worries over business conditions and employment prospects ticked up.

Pending home sales rise 1.5% in September, thanks 2019-10-29 10:00:00Pending home sales, which measure signed contracts to buy existing homes, rose for the second straight months. Realtors credit low mortgage rates, des

Home price gains heat up in August but 2019-10-29 09:00:00Home prices rose 3.2% in August, up from the 3.1% gain in July, according to the S&P CoreLogic Case-Shiller National Home Price Index.

Fed to cut rates again, but other economic 2019-10-29 07:00:00The latest CNBC Fed Survey finds concerns over recession, monetary policy and worries about future economic policy.

NYT > Economy

Why the Fed, Long Reticent, Has Started to 2019-11-08 17:56:07Severe weather carries economic and financial stability risks, officials say. The nation’s top economic authority is paying attention.

A Recession Warning Reverses, but the Damage May 2019-11-08 16:35:02Investors are feeling better about the economy, but the yield curve has already predicted a recession.

Recession Fears Are Receding. That Doesn’t Mean They 2019-11-08 13:32:59We’ll never know for sure whether the risks were as great as the yield curve and other signs suggested.

If People Were Paid by Ability, Inequality Would 2019-11-08 05:00:09Some may argue that top earners are simply super skilled, but that’s not what the evidence suggests.

U.S. and China Agree to Roll Back Some 2019-11-07 21:00:18The development suggests progress toward an interim agreement that would provide relief to businesses and consumers.

China Is Trying to Clean Up Its Banks. 2019-11-07 14:11:20Beijing is reining in small financial institutions that once lent with abandon. But the process has generated painful headlines.

The C.E.O. of American Airlines Has a Problem: 2019-11-07 07:53:23Doug Parker has been chief executive of three airlines. But he had never faced a challenge like the grounding of the 737 Max.

Why $4.5 Billion From Big Tech Won’t End 2019-11-06 14:42:15Efforts by Apple, Facebook and Google to address the California housing crunch must contend with the forces that created it.

Trump Vowed to Shrink the Trade Gap. It 2019-11-06 10:32:45The overall trade deficit continued to widen in the first nine months of 2019, suggesting that the global trade wars haven’t had the desired eff

Walmart’s Strategy When Wading Into Culture Wars: Offend 2019-11-05 14:49:12Walmart has taken stands on several controversial issues, but the retailer has been careful to alienate as few customers as possible while doing so.

China’s Xi Praises Free Trade. Striking Deals Is 2019-11-05 14:33:49A setback with India and continuing negotiations with the United States test Beijing’s talk of lowering global barriers.

Companies Cut Back, but Consumers Party On, Driving 2019-11-04 19:23:31Things feel chillier in the executive suite than they do at the mall, and the future of a record expansion hangs in the balance.

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Not amending Army Act; no deal with India 2019-11-14 09:11:55Kulbhushan's case is being tried in military courts and the Army Act forbids such individuals or groups from filing an appeal or seeking justice from

Sebi allows exchanges to modify commodity derivatives contracts 2019-11-14 08:38:03Sebi has classified non-material modifications as symbol, description, tick size, strikes, margins etc

CBI said to be filing fresh charges in 2019-11-14 07:41:12Police filed their first charges in May last year and at the time detailed only some of the alleged fraudulent transactions to Modi and his associates

AGR provisioning: Bharti Airtel posts a loss of 2019-11-14 07:32:04The consolidated revenue of Bharti Airtel was up by 4.7 per cent at Rs 21,199 crore in the just-concluded quarter

RFL case: ED arrests ex-Fortis Healthcare promoter Malvinder 2019-11-14 07:20:08ED took the accused in its custody inside the Tihar central jail here

India resumes Malaysian palm oil imports as Kuala 2019-11-14 07:10:16Malaysian palm oil is available at a $5 discount amid congestion at Indonesian ports

To meet fiscal deficit target, govt may pare 2019-11-14 06:25:50The government can sell as much as 26.4% its holding in Indian Oil -- valued at about Rs 330 billion -- and still retain indirect control

Hong Kong protests not all that dazzling for 2019-11-14 06:06:02India's gem & jewellery industry exports a third of its diamonds to Hong Kong

MARKET WRAP: Sensex gains 170 pts as financials 2019-11-14 05:40:06All that happened in markets today.

Motorola Razr, whose flip design was a big 2019-11-14 05:31:47According to Motorola, the Razr is a pocket-ready size of a flip-phone that fits comfortably on your palm in both folded and unfolded states

Type 2 diabetes on rise in children and 2019-11-14 05:23:52The alarming rise of children being diagnosed with type 2 diabetes in India has triggered critical warnings among families and health organisations

Dixon Technologies surges 12% as Q2 profit more 2019-11-14 04:13:24The company's revenue during the quarter jumped 90 per cent to Rs 1,405 crore from Rs 741 crore in the corresponding quarter of previous fiscal.

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